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Friday, September 20, 2024

BUSINESS

Internet post accuses Posco of having ‘feminist’ gestures in recruitment video

Posco recently came under fire for using a pinching hand gesture in the company’s animated employee recruitment video, as the online hunt for the...

Fruitless Busan bid still enabled Korea Inc. to seed fresh opportunities

Korean business organizations emphasized that Busan's campaign for the World Expo 2030 served as an opportunity to demonstrate the country's potential. The Korea Chamber of...

Korea-U.S. alliance at ‘unprecedented heights,’ foreign minister says

Korean Foreign Minister Park Jin said that Korea-U.S. alliance has reached “unprecedented heights” as the two nations' economic ties, which began in military security,...

Korea to double ceiling for immediate tax return for foreign tourists

Tourists and locals on the streets of Myeong-dong in central Seoul The maximum limit of purchases eligible for an immediate tax refund by foreign...

Int’l rights groups speak out against Saudi Arabia’s Expo bid

  Fifteen international human rights organizations expressed opposition to Saudi Arabia’s bid to host the World Expo 2030 in a joint letter released Tuesday, citing...

Korea, Britain agree to deeper cooperation in nuclear sector

Korea and Britain agreed to strengthen their cooperation in the nuclear sector, including the construction of new power plants, the Industry Ministry said Tuesday. The...

Korea’s GDP expected to maintain modest growth until 2028

A state-run research institute projected Korea’s economic growth at 2 percent next year as a slowdown in the overall consumption and investment in the...

Samsung, LG chiefs visit Europe in last-minute push for World Expo bid

Samsung Electronics Executive Chairman Lee Jae-yong and other Korean business chiefs are heading to Europe in their last spurt of support for Busan's bid...

Prosecutors seek 5-year sentence for Samsung heir Lee Jae-yong

Prosecutors are seeking a five-year prison sentence for Samsung Electronics Executive Chairman Lee Jae-yong, alleging Lee engaged in unfair practices to inherit management rights...

IMF ups Korea’s 2024 inflation outlook to 2.4%

The International Monetary Fund (IMF) has expected Korea to reach the country's inflation target of 2 percent by the end of next year, the...