Insight | BusinessKorea

Sunday, June 25, 2017

Insight

Korea’s service deficit with the United States last year inflated for the second consecutive year after climbing to US$14.09 billion in 2015.
Other Side of Coin
21 June 2017 - 11:45am
South Korea’s service trade deficit with the United States increased to its record level in 2016. According to "the international balance of payments by region (provisional) in 2016" released by the...
Secondary Sales
20 June 2017 - 4:00pm
StubHub, the world’s largest ticket marketplace, today published the results of a consumer survey it commissioned that asked 2,000 Koreans about their perceptions of secondary ticketing. The survey...
South Korean President Moon Jae-in visited Busan on June 19 with regard to the permanent shutdown of Kori Nuclear Power Plant Unit 1.
Shift of Energy Policy
20 June 2017 - 12:15pm
On June 19, Korea Hydro & Nuclear Power permanently shut down Kori Nuclear Power Plant Unit 1 located in Busan. South Korean President Moon Jae-in attended the ceremony there and said he would...
Booyoung Group chairman Lee Joong-keun
First Target for Chaebol Reform
19 June 2017 - 12:30pm
Korea Fair Trade Commission (KFTC) prosecuted Booyoung Group chairman Lee Joong-keun on June 18 for having tampered, for over 10 years, with data on the group’s subsidiaries required to be submitted...
Kolon Group chairman Lee Woong-yeul.
Ahead of Good Thing
16 June 2017 - 12:30pm
A lot of attention is being paid to the news that the National Tax Service recently asked the prosecution to look into Kolon Group chairman Lee Woong-yeul prior to the launch of the world's first...
Citibank Korea decided to cut back on its branches 80% beginning in July of this year.
Massive Branch Shutdown
15 June 2017 - 5:15pm
A conflict between the labor and the management at Citibank Korea is spreading like wildfire, giving rise to a legal battle.   As Citibank Korea decided to cut back on its branches 80% beginning in...
Nippon Steel & Sumitomo Metal sued POSCO for violating the Unfair Competition Prevention Act in Korea, the United States and Japan, but dropped all lawsuits with a negotiation disadvantageous to POSCO.
Price for Stolen Technology
15 June 2017 - 11:30am
“The 18th Iron Day Event” was held at the POSCO Center On June 9. In the ceremony, those working in the steel industry including POSCO chairman Kwon Oh-joon vowed to take off to smart manufacturing...
South Korean President Moon Jae-in appointed Kim Sang-jo, nicknamed chaebol sniper, as the chairman of the Korea Fair Trade Commission (KFTC) on June 13.
Chaebol Reform
14 June 2017 - 10:45am
South Korean President Moon Jae-in appointed Kim Sang-jo, nicknamed chaebol sniper, as the chairman of the Korea Fair Trade Commission (KFTC) on June 13. The Blue House said that he is the one to...
The Federation of Korea Industries (FKI) is indirectly participating in the organization of the economic mission of President Moon Jae-in to visit the United States.
Unexpected Role
13 June 2017 - 11:00am
It has been found that the Federation of Korea Industries (FKI) is indirectly participating in the organization of the economic mission of President Moon Jae-in to visit the United States. This was...
A photo of damage by Borny Korea’s Outlast on SNS.
Damages to Infants
12 June 2017 - 11:45am
Amid outbreaks of rash and urticaria on children using infant mats made of the most advanced new material allegedly developed by the US National Aeronautics and Space Administration (NASA) and sold...
A meeting between governor Ahn and Mike Gillin, vice president of Interface and Interface employees.
Smooth Investment Attraction
5 June 2017 - 12:45pm
Ahn Hee-jung, governor of South Chungcheong Province, wrapped up his nine-day trip to Japan and the United States on June 1 with the attraction of investment from Matheson of the US as the final...
Korea Fair Trade Commission (KFTC) chairman nominee Kim Sang-jo at his confirmation hearing held on June 2 by the National Policy Committee of the South Korean National Assembly
Gradual Reform
5 June 2017 - 11:30am
It is expected that chaebol reform by the Korea Fair Trade Commission (KFTC) will focus on the prevention of the abuse of economic power by conglomerate owners instead of taking the form of chaebol...

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