Corea del Sud
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— Korean proverb
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'FTA with Korea gives reciprocal benefit to US'
The free trade deal between Seoul and Washington has contributed to increasing job opportunities in the United States by
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Seoul to decide Google's request for map data next week
The South Korean government will make a decision next week whether to allow global giant Google Inc. to export governmen
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Paper Industry to Increase Exports to $4 Bil. by 2020
The pulp and paper industry aims to reach an export goal of US$4 billion by 2020, up by $1 billion from last year. The Korea Paper Association held a meeting on November 11 at the Seoul Club in Seoul's downtown and announced its plan. In addition, the meeting passed an ...
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Trump presidency unnerves companies, economists
The prospect of a Donald Trump presidency unnerves businesspeople and economists who see him as a reckless novice who might disrupt trade and imperil the struggling global economy.Financial markets tumbled Wednesday as Trump claimed victory after a campaign marked by fiery anti-foreign rhetoric and promises to tear up trade deals, ...
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HDC Joins Hands with CJ to Set up Korean Wave Complex in Yongsan
HDC Hyundai I-Park Mall will greatly expand the multi-shopping mall I-Park Mall in Yongsan in Seoul. In collaboration with CJ CGV, HDC Hyundai I-Park Mall plans to develop the shopping mall into a film-centered Korean Wave town. HDC Hyundai I-Park Mall announced on November 8 that it would invest 100 ...
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Booyoung Acquires Songdo POSCO Building for 300 Bil. Won
Booyoung Group has purchased POSCO E&C Tower (the headquarters building of POSCO Engineering & Construction), a landmark building in Incheon's Songdo international business district, for 300 billion won. This deal marked the third purchase of a large building for Booyoung this year, coming after its earlier acquisition of the Samsung ...
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Gov't Announces Hanjin-triggered Logistics Crisis Is Over
The government said on November 8 that the logistics crisis triggered by Hanjin Shipping's financial insolvency has ended in two months, implying that container ships that had to wander outside ports have finally unloaded their cargoes. The task force consisting of officials of the Ministry of Strategy and Finance and the ...
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[Herald Interview] German industry expert praises Incheon Bridge project
Incheon Bridge is a good example to show how an excellently managed project can benefit the local economy, said Reinhard
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Sales of Imported Diesel Cars Hit by Volkswagen Scandal
The heyday of diesel cars which led the growth of Korea’s import car market, is ending. An increasing number of consumers are turning eyes toward gasoline or hybrid models since diesel cars are regarded as a main culprit behind the fine dust problem afflicting citizens in big cities like Seoul. Plus, ...
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Air France’s new travel cabins take off to Seoul
Starting November, Air France has introduced new long-haul travel cabins in its Business, Premium Economy and Economy se
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A Seoul decine di migliaia di sudcoreani manifestano per le dimissioni della presidente Park Geun-hye.
A Seoul decine di migliaia di sudcoreani manifestano per le dimissioni della presidente Park Geun-hye. Le proteste del 5 novembre sono state organizzate dopo le scuse della presidente in diretta televisiva il 4 novembre, in seguito allo scandalo che la vede accusata di aver permesso alla sua amica Choi Soon-sil, figlia ...
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50 Tril. Won Loss to Be Incurred if Daewoo Shipbuilding Goes out of Business
Daewoo Shipbuilding & Marine Engineering will cut 4,600 employees, or 36 percent of all workers, by 2018. Jung Sung-leep, president of Daewoo Shipbuilding, held a press briefing on November 2 at its headquarters building in Seoul's downtown and said, "We will streamline the number of employees to fewer than 8,000 ...
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Construction Research Inst. Predicts Housing Market Down in 2017
An analyst predicted that both home selling prices and jeonse (upfront deposit) prices would fall next year. The Construction Economy Research Institute of Korea held a "2017 construction and housing market outlook" seminar at the Construction Association of Korea building in Seoul's Gangnam on November 2 and said, "The nationwide ...
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LG H&H to acquire Johnson & Johnson‘s oral care brand
LG Household & Health Care, a Seoul-based cosmetics firm, has acquired the Asia-Pacific business of REACH Brand oral car
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11 Tril. Won New Ship Orders by 2020 and 6.5 Tril. Won Financial Aid to Shipping Industry...Deputy PM
Yoo Il-ho, Deputy Prime Minister for Economic Affairs and Minister of Strategy and Finance, said on October 31, "The government will try to commission more than 250 new ships worth 11 trillion won by 2020 by using the ship fund as a way to cope with the order drought." He ...
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Songdo IBD Residents Demand Independence from Incheon City
The residents of Incheon's Songdo International Business District demanded to the Incheon metropolitan city government that Songdo be separated from Yeonsu District and be allowed to become a special autonomous district. This is because the Incheon city government diverted funds earmarked for the development of Songdo toward plugging the gap ...
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Shigemitsu to continue as vice chairman of Japan’s Lotte
Japan’s Lotte Holdings Co. decided at a board meeting Wednesday to let Akio Shigemitsu continue serving as the firm’s vice chairman. The decision followed a news conference in Seoul on Tuesday in which Shigemitsu expressed his intention to remain chairman of South Korean conglomerate Lotte. Although he was indicted without ...
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Lotte Group to Invest 40 Tril. Won for 5 Years and Hire 70,000...Lotte Chairman
Shin Dong-bin, chairman of Lotte Group, said that his company would contribute to the national economy by investing 40 trillion won (US$35.4 billion) and hiring 70,000 new workers for the next five years. Mr. Shin said this in a press conference on October 25 at Lotte Hotel Seoul, adding, "In ...
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Il PIL della Corea del Sud cresce più delle attese nonostante Samsung
(Teleborsa) - Sorprende in positivo la crescita della Corea del Sud, specie dopo il flop dei Galaxy Note 7 di Samsumg, che aveva fatto temere riflessi negativi sulla piccola economia...
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Africa: How South Korean's 'Can Do' Spirit Built a Modern and Rich Society
[New Times] Seoul -Many parts of South Korea's capital city-Seoul, including the central business district of the city where 5 star hotels like Lotte Hotel and one of global brand hotels Westin are located look a lot like Canada's Toronto or America's New York cities.
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Boudiaf at South Korea-Africa Economic Cooperation Ministerial Conference in Seoul
ALGIERS- Deputy Minister for Digital Economy and Financial System Modernization Mouatassem Boudiaf will participate in the fifth South Korea-Africa Economic Cooperation Ministerial Conference in Seoul from 24 to 27 October. Boudiaf will seize this opportunity to discuss with his South Korean counterparts issues related to digital economy and financial ...