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Thursday, September 19, 2024

BUSINESS

Won plummets as investors flock to safe-haven dollar

  The value of the won continues to plummet as investors flock to the dollar as a safe haven currency amid lingering market uncertainties. Korea’s local...

Korean Gov’t looks to boost housing supply with more units, $14.8B investment

The government on Tuesday vowed to supply an additional 120,000 public units and raise finance programs for the housing market by 20 trillion won...

SKC to invest $70 million in smart glass company Halio

SKC will invest $70 million in Halio, a California-based electrochromic glass solution provider, to strengthen its environmentally friendly materials business. The Korean company on Tuesday held a...

Korea, Vietnam discuss trade at economic forum in Seoul

Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik and Ho Chi Minh City People's Committee Chairman Phan Van Mai discussed measures to boost Korea-Vietnam economic...

Rush in sugar stock prices with consumers sweet on tanghulu craze

The craze in Korea for tanghulu, a sugar-encrusted dessert that originated from China, and soaring global sugar prices, are triggering a surge in the stock...

Crab-crazy Korea to solve Italy’s crustacean invasion

Korea, the biggest crab-loving nation in the world, is looking to import blue crabs from Italy, where the crustaceans are proving a headache. The blue...

Vietnam, Indonesia emerge as key target markets for Lotte

HANOI — Lotte Chairman Shin Dong-bin cited Vietnam and Indonesia as key target markets for the Korean retail conglomerate during the grand opening ceremony...

Korean consumers upset over Apple’s iPhone 15 pricing

Apple's decision to uphold the price range for its newest iPhone 15 series versus the 14 series was welcomed by consumers in most countries....

BTS members promise to ‘stay together in 2025 and beyond’

All seven members of boy band BTS will renew their exclusive contracts with their agency BigHit Music, a music label run by HYBE, promising...

U.S. guardrails on China imminent, Korean chipmakers on high alert

U.S. Commerce Secretary Gina Raimondo said Tuesday the final version of the so-called guardrails that limit production expansion in China will be ready within...