Archive by category Business

Ssangyong, Daewoo E&C clinch $740m project in Singapore
Ssangyong, Daewoo E&C clinch $740m project in Singapore

South Korean construction companies Ssangyong Engineering & Construction and Daewoo Engineering & Construction have won the $740 million Woodlands …

Starbucks Korea posts record operating profit on W1.2tr sales
Starbucks Korea posts record operating profit on W1.2tr sales

With solid customer loyalty, especially among women in their 20s and 30s in Korea, Starbucks Coffee Korea raked in 114.4 billion won ($107 million) in …

Seoul apartment lease prices fall by largest margin in 5 years
Seoul apartment lease prices fall by largest margin in 5 years

Apartment lease prices in Seoul dipped by the largest margin in five years and eight months this week, according to statistics released Thursday. Apartment …

One out of five people in their 20s have experience buying virtual currency, according to the Korea Financial Investors Protection Foundation. About 22.7 …

Strategic approach needed to cope with US protectionism
Strategic approach needed to cope with US protectionism

Calls are rising for President Moon Jae-in’s administration to be more strategic and flexible in coping with mounting US trade protectionism, which is …

S. Korea to maintain 3% growth for 2018-2019: OECD
S. Korea to maintain 3% growth for 2018-2019: OECD

Amid a global economic recovery boosted by extended investment and trade, South Korea is expected to maintain its 3 percent growth momentum throughout year …

Seoul to toughen requirements for LCC airlines
Seoul to toughen requirements for LCC airlines

South Korea’s Ministry of Land, Infrastructure and Transport said Monday that it would revise the current law to strengthen entry criteria and management …

Kakao Taxi seeks monetization with addition of paid taxi-hailing options
Kakao Taxi seeks monetization with addition of paid taxi-hailing options

Kakao Taxi, South Korea’s most widely used taxi-hailing mobile app, is introducing a “paid option” that lets users call up taxis faster or immediately by …

Posco, Samsung SDI win electric vehicle battery project in Chile
Posco, Samsung SDI win electric vehicle battery project in Chile

South Korea’s steel giant Posco and battery maker Samsung SDI will build and run an cathode production facility in Chile with lithium supply guaranteed by …

Korea to file WTO complaint against US washer safeguard amid tension over steel tariffs
Korea to file WTO complaint against US washer safeguard amid tension over steel tariffs

South Korea is preparing to file a complaint with the World Trade Organization after the rejection by the US government of a request to withdraw its safeguard …

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