Archive by category Business

Kumho Tire unionists, management strike deal

Unionized workers and the management of Kumho Tire on Monday announced a set of agreements for 2016, putting an end to a marathon negotiation that has visibly …

Soaring Tokyo leads Asia rebound, Shanghai down on return
Soaring Tokyo leads Asia rebound, Shanghai down on return

Japanese investors shrugged off an economic contraction to propel stocks more than five percent Monday, leading an Asia recovery after last week’s horror …

China’s exports decline as trade surplus swells to record
China’s exports decline as trade surplus swells to record

 A slide in China’s exports in January was eclipsed by an even bigger tumble in imports, leaving a record trade surplus for the world’s biggest trading …

Japan’s economy contracts in latest setback for Abe policies
Japan’s economy contracts in latest setback for Abe policies

Japan’s economy contracted at a worse than expected 1.4 percent annual pace last quarter as Prime Minister Shinzo Abe’s lavish stimulus policies failed to …

Korea plans to ax red tape to boost new energy investment
Korea plans to ax red tape to boost new energy investment

South Korea will actively remove administrative red tape and help companies invest in new energy industries that can generate long-term growth, the trade and …

Gaeseong complex closure negative for S. Korean credit ratings: Moody’s
Gaeseong complex closure negative for S. Korean credit ratings: Moody’s

The recent shutdown of the inter-Korean industrial complex in North Korea’s border town of Gaeseong could have adverse impacts on South Korea’s …

Korea’s M2 money supply inches down in Dec.
Korea’s M2 money supply inches down in Dec.

South Korea’s M2 money supply shrank slightly from a month earlier in December, marking the first on-month drop in over a year, central bank data showed …

Growth of bank household loans slows in Jan.
Growth of bank household loans slows in Jan.

Growth of South Korean banks’ household lending slowed sharply in January from a month earlier as a recent U.S. rate hike weakened consumer spending …

Ssangyong Motor unveils “Tivoli Air”
Ssangyong Motor unveils “Tivoli Air”

Ssangyong Motor on Monday said the long-body version of its popular Tivoli sport utility vehicle has been named the “Tivoli Air.” The carmaker also …

BOK expected to hold steady on rate
BOK expected to hold steady on rate

Korea’s central bank is widely expected to freeze interest rates at the current record-low level at its rate-setting meeting Tuesday, while keeping a cut on …

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