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Monday, September 16, 2024

BUSINESS

Samsung, LG investors spooked by China’s iPhone ban

China’s push to ban Apple iPhones for government workers is dampening investment sentiment for Samsung, LG and smaller parts suppliers tied with the San...

Supply crisis fears fuel demand spike for urea solutions

Despite the government’s assurance that there will be no urea shortage in Korea, concerned consumers — wary of a repeat of the supply crisis...

Korea’s major shipbuilders battle for lucrative LNG deals

Korea's three big shipbuilders will be vying to win a series of liquefied natural gas (LNG) carrier orders scheduled for the latter half of...

Orion earns $82M in dividends from Vietnamese subsidiary

Orion, a Seoul-based confectionery company, will spend 110 billion won ($82.39 million), a sum received in dividends from its Vietnamese subsidiary, to expand its production...

Kakao Taxi to launch in U.S., Australia this year

Kakao Mobility aims to launch its cab-hailing service Kakao Taxi in the U.S. and Australian markets within this year, an initiative helped by the...

Korea, Indonesia sign 16 biz deals in Jakarta

Korea and Indonesia clinched a total of 16 deals at the business round table held Thursday in Jakarta, boosting cooperation on advanced technology and...

Posco International breaks into U.S. carbon capture sector

Trade and energy company Posco International is entering the U.S. carbon capture and storage (CCS) business as the first Korean company to make a...

Demand for private education defies Korea’s declining demographics

Despite decaying demographics, Koreans are spending more on private education and opening more cram schools. There were 109,488 cram schools and private study rooms in...

Korea’s GDP up 0.6% in Q2 despite export decline

Korea’s gross domestic product (GDP) grew 0.6 percent in the April-June period from the previous quarter, remaining unchanged from the earlier estimate. Second-quarter expansion was...