News
S. Korea’s Services Account Deficit Continues in November
South Korea's services account posted a deficit of over three billion dollars in November due to a rise in overseas trips and a decrease in Chinese tourists. According to data by the Bank of Korea(BOK) on Friday, the country's services ... Read More
S. Korean Conglomerates Hold Kick-off Ceremonies for New Year
South Korean conglomerates have held New Year ceremonies to launch their business plans for the year. In a meeting on Tuesday, Samsung Electronics president Kim Ki-nam urged the company’s executives and employees to build on the successes of last year ... Read More
Korea expects 4% growth in exports for 2018: minister
South Korea expects to see its exports grow 4 percent this year, slowing down from a double-digit expansion in 2017, amid a strengthening local currency and potential geopolitical risks, the industry minister said Monday. "The government will do its best ... Read More
Challenges await South Korea in 2018
For South Korea, 2017 was full of upheavals, including the ouster and imprisonment of a scandal-ridden former president and the dramatic rise of a new progressive government. The real challenges, however, seem to lie ahead in 2018 as the nation ... Read More
Lotte to acquire Indonesian plastic material companies
Lotte Advanced Materials Co., the chemical unit of South Korean conglomerate Lotte Group, has decided to acquire two troubled plastic makers in Indonesia as part of its vision to turn the Southeast Asian country into its global chemical outpost. The ... Read More
S. Korea’s Shinhan Investment manages first IPO in Indonesia
South Korea’s Shinhan Investment Corp. has successfully pulled off its first offshore initial public offering (IPO) of a local firm on the Indonesia Stock Exchange (IDX). According to Shinhan Investment Corp. on Wednesday, its overseas unit in Indonesia oversaw IPO ... Read More
Current Status and Future Prospects of Korea’s Coffee and Dessert Industry Writer
Scale of Korea’s restaurant and dessert markets Korea’s restaurant industry witnessed a 233 percent rise in total annual sales from KRW 46.253 trillion (USD 46.35 billion) in 2005 to KRW 108 trillion in 2015. Such growth was caused by socioeconomic ... Read More