Corea del Sud
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— Korean proverb
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"U.S. Interest Hike Speed Faster Than Expected"...Deputy PM
Yoo Il-ho, Deputy Prime Minister and the Minister for Strategy and Finance, said of an outlook the U.S. Fed may raise the interest rate three times next year on December 15, "We will keep monitoring the Fed's movement and come up with measures whenever deemed necessary." He said this in a ...
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[Duty Free] SK Networks offers healing resort experience with duty-free
This is the fourth installment in a series of articles on companies vying for Seoul’s new duty-free licenses to be issue
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[Duty Free] Hyundai Department Store to bring retail experience to luxury duty-free
This is the third installment in a series of articles on companies vying for Seoul’s new duty-free licenses to be issued
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Fashion Institute of Technology to Open Global Campus in Songdo
The Fashion Institute of Technology, or better known as FIT, one of the world's best fashion design colleges, is driving forward with a plan to open a global campus within the Songdo International Business District in Incheon. The Incheon Free Economic Zone Authority announced on December 12 that the FIT is ...
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Lotte Duty Free to Create Tourism Belt in Seoul's Gangnam by Investing 2.3 Tril. Won
Lotte Duty Free said on December 13 that it would invest 2.3 trillion won (US$1.97 billion) in building tourism infrastructures across Gangnam District in Seoul. The Lotte Group company submitted plans to make its World Tower duty-free shop in Jamshil in Seoul's southeast a magnet for tourists by investing $2 ...
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[Duty Free] Lotte Duty Free touts World Tower attractions
This is the second installment in a series of articles on companies vying for Seoul’s new duty-free licenses to be issue
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[DUTY FREE] Shinsegae DF pledges W350b for Gangnam tourism
This is the first installment in a series of articles on companies vying for Seoul’s new duty-free licenses to be issued
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Tokyo-Seoul currency swap deal unlikely until next year, Korean deputy says
The governments of Japan and South Korea are unlikely to conclude their negotiations on a fresh currency swap deal by the end of the year, South Korean Deputy Prime Minister Yoo Il-ho has said. Yoo, also strategy and finance minister, told reporters Sunday that although Tokyo and Seoul are making ...
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Korea Customs Service Set to Undertake Duty-free Shop License Bidding
The Korea Customs Service is set to pick six more downtown duty-free shop license winners on December 17, including four in Seoul and one each in Busan and Gangwon. According to duty-free shop industry sources on December 8, the customs service notified the selection procedure to the applicants to the ...
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Algeria at Africa-South Korea Forum in Addis Ababa
ALGIERS- The secretary general at the ministry of Foreign Affairs, Hassane Rabehi, has led Wednesday the Algerian delegation to the works of the fourth Africa-South Korea Forum, being held in Addis Ababa, the ministry of Foreign Affairs said in a statement. The forum, created in 2006 in Seoul, is ...
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Seoul to up incentives for youths at SMEs
The South Korean government will give cash incentives to more youths hired by small and medium-sized enterprises next ye
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Nissan, BMW, Porsche face sales ban in S. Korea
SEOUL - South Korea is to ban sales of some cars made by Porsche, BMW and Nissan, and fine the companies over $5 million as a probe into emissions documentation widens.
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South Korean leader says she'll resign after lawmakers act
South Korean President Park Geun-hye said Tuesday that she will resign her office once parliament develops a plan for a safe transfer of power. The surprise announcement, which the opposition called a ploy to delay impeachment, comes amid prosecution claims that she colluded with a friend who wielded government power ...
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HDC Shilla Duty Free eyes young, independent travelers
HDC Shilla Duty Free, currently preparing a bid for a new duty-free license in Seoul next month, said it plans to build
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Sales of STX Offshore & Shipbuilding Halted
A British fund, which attempted to acquire STX Offshore & Shipbuilding and STX France as a package deal, was dropped out of the shortlist of candidates. Since the British fund was the only entity which disclosed intention to acquire STX Offshore & Shipbuilding, the process of selling STX Offshore & ...
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AIG sees $430 million loss on Fuji Life sale, gain on Seoul deal
American International Group Inc., the insurer that’s shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to sell Fuji Life Insurance Co. in Japan. That loss will be partly cushioned by a gain of $300 ...
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01 Dic Korea-Italy Business Forum
L’Ambasciata della Repubblica di Corea organizzerà il 1° dicembre a Milano, presso l’Hotel Hilton (Via Galvani 12), la seconda edizione del Korea-Italy Business Forum, organizzato dall’Ambasciata in collaborazione con il Ministero degli Affari esteri italiano ed il Korea Trade Center (KOTRA). L’idea del Forum nasce con l’obiettivo di creare nuove opportunità ...
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Korea's Dairy Product Makers Move Aggressively in the Chinese Market
Korea's major dairy product makers, including Seoul Dairy Cooperative and Binggrae, are accelerating efforts to create a bigger presence in the Chinese market. Seoul Dairy Cooperative started shipping its tube type yogurt "Jayojayo" to China, while Maeil Dairies Co. released a brand-new powdered formula targeting the Chinese market. Binggrae is ...
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New duty-free stores in Seoul suffer deficit
The duty-free stores that have newly opened in Seoul have seen operating losses this year as heavy marketing costs in th
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Finance minister urges stern measures against market uncertainties
South Korea's finance minister reaffirmed on Wednesday that the Seoul government will take swift and firm action to ease
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Seoul stocks fall on foreign sell-offs
South Korean stocks fell on Tuesday, derailed by sell-offs by foreign investors over concerns of a strong US dollar. The