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Sunday, April 30, 2017

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A scene of Lotte Duty Free Shop in Jamsil.
If Proven Guilty
25 April 2017 - 11:15am
The goodwill of Lotte Duty Free Shop in Lotte World Tower is confronting a crisis to be canceled. As Shin Dong-Bin, chairman of Lotte, is suspected of giving a bribe of 7 billion won (US$6.3 million...
Anand Mahindra, chairman of the Mahindra Group is fielding questions at a meeting with reporters in the Seoul Motor Show on March 30.
Truth or Lie
25 April 2017 - 11:00am
"Mahindra has invested about 1.1 trillion won since the acquisition of Ssangyong Motors," said Pawan Goenka, president of Mahindra & Mahindra at a meeting with reporters in the 2017 Seoul Motor...
Some market watchers forecasted that Samsung Electronics’ Galaxy S8 Plus with a larger display will sell more than the Galaxy S8.
Due to Storage Capacity
25 April 2017 - 11:00am
Some market watchers forecasted that Samsung Electronics’ Galaxy S8 Plus with a larger display will sell more than the Galaxy S8. Lee Jae-yoon, analyst at Yuanta Securities, said in his investment...
The local corporate bond issuance market is booming now.
Bond Market
25 April 2017 - 11:00am
Domestic companies’ forecasting of corporate bond demands are perfectly meeting the actual sales this month. According to industry sources, Moorim Paper conducts demand forecasting on April 26 in...
An R&D center of AmorePacific in China.
Due to China’s Retaliation over THAAD
25 April 2017 - 10:45am
As AmorePacific Group failed to break through the high wall of a U.S. anti-missile system, known as THAAD, its first-quarter operating profit marked a sharp drop. The group said in a regulatory...
The U.S. government initiated 28 anti-dumping and countervailing duty investigations targeting South Korean companies in January to April this year.
Anti-dumping Investigations
25 April 2017 - 10:45am
The Korea International Trade Association (KITA) announced on April 24 that the U.S. government initiated 28 anti-dumping and countervailing duty investigations targeting South Korean companies in...
The Korean immigration offices will allow visa extension only for foreigners with no arrears in tax payments.
Limiting VISA Issuance
25 April 2017 - 10:30am
The Korea Customs Service and the South Korean Ministry of Justice, Ministry of the Interior, and National Tax Service announced on April 24 that they would probe into tax delinquency by foreigners...
South Korea’s overseas direct investment hit an all-time high of US$35.2 billion last year.
Overseas FDI
25 April 2017 - 10:30am
The Export-Import Bank of Korea announced on April 24 that South Korea’s overseas direct investment hit an all-time high of US$35.2 billion last year. The amount has continued to increase for 10...
An increasing number of consumers are now complaining about WiFi connectivity issues of galaxy S8 series.
WiFi Connectivity
25 April 2017 - 10:30am
An increasing number of consumers are now complaining about WiFi connectivity issues of the latest Samsung flagship smartphones. Samsung Electronics announced that it will be releasing an update on...
Lee Hee-beom, president & CEO of the PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games.
Opening New Horizon
24 April 2017 - 3:00pm
The start of 2018 Pyeongchang Winter Olympics are less than 10 months away. BusinessKorea met Lee Hee-beom, president & CEO of the PyeongChang Organizing Committee for the 2018 Olympic and...
A group of South Korean researchers have developed a new photodynamic therapy (PDT) method to target cancer cells.
Killing Just Cancer Cells
24 April 2017 - 3:00pm
In order to treat cancer, patients had depended on anti-cancer drug injection and chemoradiation therapy in the past, causing a financial burden and side effects with the human body. Accordingly, the...
Germany’s IFA Executive Director Jens Heithecker, vice president of Messe Berlin, asked Samsung Electronics to unveil the Galaxy Note 8 at the IFA 2017 to be held on September 1.
Love Call from IFA
24 April 2017 - 2:45pm
Germany’s IFA Executive Director Jens Heithecker speaks during an interview with Korean media at the IFA global press conference 2017 held at Marriott Hotel in Lisbon, Portugal, on April 22 (local...

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