News
U.S. President Trump singles out Lotte’s $3.1 bn capex in Louisiana
Lotte Group Chairman Shin Dong-bin was invited to the White House on Monday by U.S. President Donald Trump eager to personally express appreciation after South Korea’s fifth-largest conglomerate opened a $3.1 billion ethane cracker and ethylene glycol production complex in ... Read More
S. Korea’s exports slip 2% in April amid chip, China factors
South Korea’s exports dropped 2 percent in April from the previous year, marking the fifth consecutive month of downtrend amid a prolonged slump in the chip-making business and sluggish demand from China, government data showed Wednesday. The volume of outbound ... Read More
67% of S. Korea’s Exports Depend on Large-Sized Firms
The South Korean economy’s dependence on conglomerates is ever deepening. Statistics Korea said on Wednesday that local companies exported 602-point-four billion U.S. dollars worth of goods last year and 403-point-eight billion dollars of them, or 67 percent, were from large-sized ... Read More
S. Korea’s exports slip 2% in April amid chip, China factors
South Korea’s exports dropped 2 percent in April from the previous year, marking the fifth consecutive month of downtrend amid a prolonged slump in the chip-making business and sluggish demand from China, government data showed Wednesday. The volume of outbound ... Read More
Korean environmental exhibition wins international acclaim
South Korea’s leading environmental exhibition, the International Exhibition on Environmental Technology & Green Energy, has received UFI certification, the Korea Environmental Preservation Association announced Tuesday. UFI is the French abbreviation for a global association that represents trade show organizers and ... Read More
S. Korea says exports likely to improve in 2nd half
South Korea's exports are likely to improve in the second half as demand for semiconductors picks up gradually, a senior government official said Friday. Lee Ho-seung, the first vice minister of economy and finance, made the forecast in a regular ... Read More[News Analysis] High inheritance tax fuels chaebol monopoly
Following the death of Hanjin Group Chairman Cho Yang-ho last week, the inheritance tax his bereaved family will have to pay is in the spotlight, with estimates suggesting as much as 200 billion won ($175 million). According to analysts, the ... Read More