Archive by category Business

GM Korea’s pledge for 2016 sales
GM Korea’s pledge for 2016 sales

James Kim (center), chief executive officer of GM Korea, on Tuesday pledges for another great year of sales with its vehicle dealers at the company’s …

Kia targets 65,000 hybrid SUV sales
Kia targets 65,000 hybrid SUV sales

Kia Motors on Wednesday said it has set an annual sales target of 65,000 units of Niro, the company’s first hybrid compact SUV to be launched in March, …

Tax agency opens probe into 30 offshore tax evaders
Tax agency opens probe into 30 offshore tax evaders

Korea’s tax authorities said Wednesday they have launched a full-fledged investigation into 30 corporations and individuals on suspicions of offshore tax …

Bank federation chief calls for fee hike
Bank federation chief calls for fee hike

Korea Federation of Banks chairman Ha Yung-ku said Wednesday that dwindling margins are forcing local banks to raise service and transaction fees for account …

Korea Eximbank sets aside W75tr for loans, guarantees 
Korea Eximbank sets aside W75tr for loans, guarantees 

The Export-Import Bank of Korea said Wednesday it has allocated loans and guarantees worth 75 trillion won ($62.5 billion) in 2016 amid the sluggish global …

Korea aims for MSCI upgrade
Korea aims for MSCI upgrade

Korea will introduce an omnibus account system for foreign investors and explore ways to improve the local currency’s convertibility in order to help get its …

Korea aims for top start-up accelerator nation
Korea aims for top start-up accelerator nation

The Korean government on Wednesday announced a set of new plans to support start-ups and encourage entrepreneurship overall with aims to become one of the top …

Samsung mobile business to offer high bonus for employees
Samsung mobile business to offer high bonus for employees

The members of Samsung Electronics’ mobile business and chip business units will likely enjoy a bonus party this week as they will receive the highest amount …

Chinese chemical firm to be listed on Seoul’s minor bourse
Chinese chemical firm to be listed on Seoul’s minor bourse

China Crystal New Material Holdings Co., a synthetic mica manufacturer based in the Cayman Islands, is set to float on South Korea’s secondary KOSDAQ …

Seoul shares soar 1.4% on oil, Fed hopes
Seoul shares soar 1.4% on oil, Fed hopes

South Korean stocks rallied 1.4 percent Wednesday as investors hunted for bargains on a recovery in oil prices and hopes for a relief message from the U.S. …

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