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전경련 “인니 新행정수도 이전사업 우리기업 참여 확대” 요청

전국경제인연합회는 27일 전경련회관에서 우마르 하디(Umar Hadi) 주한 인도네시아 대사 초청 기업인 조찬간담회를 열고, 코로나19 이후 한-인도네시아 경제협력 증진방안을 논의했다. 간담회에는 전경련 권태신 부회장을 비롯 황수 일진전기 사장, 허경구 한국해외인프라도시개발지원공사 사장을 비롯 롯데케미칼, 대우조선해양, 한화, 두산중공업, 현대자동차, 포스코, KB국민은행, 우리은행, 종근당, ... Read More

Manufacturing Powerhouse S. Korea Expected to See V-shaped Recovery in Post-COVID-19 Period

The International Monetary Fund has forecast that the global economy this year will experience the worst recession since the Great Depression in the 1930s, in the aftermath of the COVID-19 crisis. However, Bloomberg has predicted that manufacturing powerhouse South Korea ... Read More

LG reduces domestic TV lines, expands overseas production

LG Electronics has decided to expand its overseas production of televisions, while reducing domestic production, by relocating two manufacturing lines from South Korea to Indonesia, the company confirmed on Wednesday. Under its strategy to tackle the stagnated demand for TVs ... Read More

COVID-19 changes home appliances consumption trend

The outbreak of the novel coronavirus has led to a change in the home appliance consumption trends, with increased popularity of electronics helping household chores and less demand for grooming and beauty-related products, according to the retail industry Sunday. According ... Read More

South Korea’s ICT exports down 15% in April

South Korea’s outbound shipments of information and communications technology products in April reached $12.88 billion, down 15 percent on-year, according to latest government data Thursday. The Ministry of Science and ICT noted that the import value of ICT products in ... Read More

Doosan Heavy shifts to loss in Q1 on one-off costs

Doosan Heavy Industries, South Korea's top power equipment maker, said Friday that it swung to a net loss in the first quarter from a year earlier due to increased one-off costs. For the January-March period, Doosan Heavy posted a net ... Read More

Korean startups consider COIVD-19 an opportunity: survey

Korean startups find the COVID-19 pandemic positive for the country’s startup ecosystem in the future, a survey by the Ministry of SMEs and Startups showed on May 12. Out of 492 respondents, 42.5 percent said the COVID-19 pandemic will bring ... Read More

Service industry in Jeju hit hardest by COVID-19

Production and sales in the service industry in Jeju during the first quarter of the year saw a two-digit rate of decline due to the coronavirus pandemic, data from Statistics Korea showed. Fifteen other regions also saw significant drops in ... Read More