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Korea’s per capita income is expected to surpass US$30,000 for the first time, the finance minister said on March 4, a dramatic rags-to-riches success story that has no parallel in contemporary histo...
Korea’s Industry Ministry said on March 4 it will seek to foster new growth engines for the country’s exports and diversify the portfolio to ease the dependency on semiconductors. According to th...
South Korea said on March 4 it is maintaining round-the-clock tabs of financial markets and set to take necessary steps in case of volatility. The move came four days after the leaders of North K...
South Korea’s financial regulators tentatively approved three new real estate trust operators on Mar. 3, enabling new players to join the business segment for the first time in 10 years. The Financi...
New Trade Minister Yoo Myung-hee has been serving as the Industry Ministry’s deputy minister for free-trade agreement negotiation, and is known as Korea’s first female trade expert. The government e...
The government has retracted its plan to consider employers’ ability to pay salaries in setting the minimum wage, officials said on Feb. 27. The Ministry of Employment and Labor announced a final re...
The government said on Feb. 27 that it will lower the dividend payouts of 21 state-run companies to help spur their investments. The dividend payout ratio, referring to a percentage of earnings paid...
Korea said on Feb. 26 it will begin its annual meeting with an International Monetary Fund team this week on the state of the economy and its overall economic policies. The IMF team led by Tarhan Fe...
Business sentiment in Korea improved sharply for March on a base effect and seasonal factors, but a majority of companies still remain skeptical about their prospects, a poll showed on Feb. 26. The ...
Korea’s industry minister said on Feb. 26 the government is making all-out efforts to support exports, including various measures to maintain the competitiveness of the local chip industry. “Due to ...
The government’s goal in switching to renewable energy should be adjusted to raise the minimum but lower the maximum level that can be achieved by the target year of 2040, a researcher argued on Feb....
Korea’s consumer sentiment rose for the third straight month to hit a five-month high in February on a recent rebound in the local stock market and improving US-North Korea relations, a central bank ...
Korea’s direct purchases from foreign countries rose 31 percent in 2018 from a year earlier on rising consumer demand for cheaper and higher quality products, customs data showed on Feb. 25. Korean ...
Korea’s nuclear commission on Feb. 25 approved the restart of a reactor located in the southern part of the country that was shut down last month. The Wolseong-3 reactor located in Gyeongju, 370 kil...
Korea remained the top country with the highest percentage of low paid female workers, data from the Organization for Economic Cooperation and Development showed on Feb. 25 Statistics from 2017...
Many foreign, domestic investors keen to acquire Skinfood
Kyung Nam Pharm seeks new owner
Abyo Korea hopes to redesign delivery industry
KDB forms co-investing roundtable with 6 local VCs
GenBody’s proposed IPO plans this year suffer setback
SK Biopharma signs contract with US new drug developer
Legal battle looms as approval for 1st for-profit hospital gets canceled
Mirae Asset invests in $243m mezzanine debt for grade A office building in HK
April 20, 2019
