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Posco to build 125 houses, public facilities in Indonesia

South Korea’s largest steelmaker Posco will build and repair 125 housing units and public facilities for the next three years in Indonesia as part of its steel village project, the company said Thursday. A total of 150 volunteers consisting of ... Read More

BOK freezes key rate at 1.5% for Aug.

South Korea's central bank on Friday froze its policy rate for August on sluggish economy data and low inflation pressure. The monetary policy board of the Bank of Korea voted to keep the policy rate unchanged at 1.5 percent as ... Read More

Homeplus opens big-box and retail hybrid stores

Major South Korean discount chain Homeplus has been speeding up its move to open more big-box and retail hybrid stores here, to strengthen its sales and enhance competitiveness. Homeplus said Tuesday that it has seen outstanding sales growth from its ... Read More

Trade minister to attend ASEAN meeting for economic partnership

South Korea’s trade minister will be attending key economic meetings with his counterparts in Southeast Asian countries this week as part of the government’s ongoing efforts to strengthen economic ties with the emerging region, his office said Tuesday. Minister Kim ... Read More

Govt. vows W12tr investment into SOC, prioritizes job creation

Deputy Prime Minister and Finance Minister Kim Dong-yeon said Monday that the government will increase next year’s social overhead capital budget by 50 percent, dedicating all efforts to creating jobs in local economies and for the middle-aged population. The top ... Read More

GS to invest W20tr, hire 21,000 over next 5 years

Over the next five years South Korea’s chemical and energy giant GS Group will invest 20 trillion won (about $18 billion) and create 21,000 new jobs to promote growth and market competitiveness, company representatives said Sunday. The investment, 4 trillion ... Read More

FTC to give up exclusive right to file complaints in serious antitrust cases

South Korea's corporate watchdog said Tuesday that it has decided to give up its own right to file complaints about some major cases such as price rigging in a move to support effective law enforcement and better protect consumers' rights. ... Read More

Corporate watchdog unveils anti-corruption measures

South Korea's corporate watchdog on Monday unveiled a set of anti-corruption measures whose centerpiece seeks to boost the ethics code for its staff and ban help for retirees looking to get jobs at corporations related to their former duties. Under ... Read More

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