Latin America's two largest economies Brazil and Peru reportedly signed a free trade agreement on Friday to abolish import tariffs on vehicles. Brazil’s Minister of Development, Industry and Trade, Armando Monteiro, said that Brazil’s auto exports to Peru will increase ... Read More
Creditor banks of Hanjin Shipping will decide next week whether to restructure the company’s debt and initiate a corporate rehabilitation program, local reports said Friday. Seven lenders, led by state-run Korea Development Bank, held a meeting Friday afternoon and agreed ... Read More
Forty public agencies have so far agreed to an early implementation of the expanded performance-based wage system. The Finance Ministry on Friday held a meeting to inspect the progress in the introduction of performance-based wage systems at public institutions. The ... Read More
Asiana Airlines Inc., South Korea's second-largest flag carrier, said Friday that it decided to sell non-core assets worth about 400 billion won (US$351.1 million) as part of its efforts to strengthen its financial health. Asiana held a board meeting earlier ... Read More
The government is pushing for a plan to give up to nine million won, or about 78-hundred U.S. dollars, to young people if they work at a small and medium-sized enterprise(SMEs) for at least two years. During a joint meeting ... Read More
Finance Minister Yoo Il-ho says that the government will actively support efforts to carry out restructuring of five ailing industrial sectors. The minister said on Monday that corporate restructuring should follow proper legal procedures. He said that companies and debtors should ... Read More