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Despite the government’s efforts to create more jobs by mandating companies to cut their employees’ maximum weekly work hours to 52 hours, it has not contributed to creating more jobs, a report claim...
With growing economic uncertainties and ongoing trade tensions with Japan, the South Korean central bank is highly likely to freeze the base interest rate at an upcoming meeting of its Monetary Polic...
A shadow of global recession looms over key economies as major markets have been dealing with some of their worst days in recent weeks. This is sparking concerns that chances of recession may also be...
Seoul’s housing market was tense on Aug. 11, a day ahead of a scheduled government announcement about a price ceiling system for apartment complexes in key bubble-prone areas. The measures, intende...
Japan has approved the first export of a key semiconductor material to South Korea since it tightened related restrictions last month, Seoul‘s prime minister said on Aug. 8. Japan’s trade ministry h...
Japan on Aug. 7 promulgated a revised bill striking South Korea off its list of trusted trading partners, following last week’s Cabinet approval of the measure amid an escalating row with Seoul. ...
South Korea will take swift and bold steps if necessary to help stabilize the financial markets, the country‘s finance minister said on Aug. 7, assuring that the country’s economic fundamentals remai...
South Korea said Aug. 5 it will spend 7.8 trillion won ($6.50 billion) over the next five years to nurture its materials, parts and equipment sectors and trim its dependence on Japanese imports in th...
South Korean manufacturers of cutting-edge electronic components are likely to face increasing costs and burdens in securing high-tech materials and parts from Japan following the neighbor’s decision...
In light of the trade conflict with Japan and other external risks, concerns are mounting that South Korea’s economic growth this year may fall below 2 percent at worst, lower than the range of 2.2-2...
The ruling party, government and presidential office on Aug. 4 vowed to add at least 1 trillion won ($833 million) to next year’s state budget, in an effort to expand fiscal space amid escalated trad...
The first half of the year was depressing for China’s venture capital industry compared to glorious past years. The number of venture capital deals successfully closed in the first half of this year...
The government will seek to set aside more than 1 trillion won ($847 million) in next year’s state budget to support companies producing parts and materials used in chips amid Japan’s export curbs, a...
The boycott of Japanese products and services seems to be gaining ground here as a bilateral trade war with South Korea entered the third week. According to convenience store chain CU, the sales of ...
The South Korean government will temporarily expand tax benefits to corporate investment, the finance minister said Monday, in the latest move to encourage business spending amid a slowing economy. ...
E-commerce giant launches video streaming service Coupang Play
Vice minister warns against market overheating during crisis management
Posco International invests in local laser cutting application firm
SK sets up hydrogen business group
Naver Cloud, GS Global join hands for overseas market
S. Korea invests $9.8m in World Bank green trust fund
Korean Air to sell Incheon yacht marina
Apple to make harder push in Korea with 2nd Apple Store
January 19, 2021
