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Tesla creates 40,000 jobs in Germany but snubs the unions Last year, the world was abuzz with anticipation for the electric vehicle (EV) era. But while governments and businesses were sharing rosy projections for the future vehicle industry, one topic did no Sun, 07 Feb 2021 10:56:49 GMT
As UK joins CPTPP hopefuls, S. Korea hurries to prepare application The South Korean government is speeding up its preparations to apply for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after effectively making offici Fri, 05 Feb 2021 17:34:20 GMT
Samsung Electronics ranks 49th on list of world’s most admired companies Samsung Electronics has returned to a list of the most respected companies in the world.According to US business magazine Fortune, Samsung ranked 49th on a list of the World’s Most Admired Companies, Wed, 03 Feb 2021 17:30:56 GMT
S. Korean exports show double-digit growth for second straight month In defiance of the COVID-19 pandemic, South Korea’s exports increased by 11.4% in January, extending a growth trend that began in November. Both total exports and average daily exports have now grown Tue, 02 Feb 2021 17:32:14 GMT
S. Korea records -1% growth rate for GDP in 2020, first time since 1997 Asian financial crisis In 2020, South Korea recorded its first negative growth since the 1997 Asian financial crisis amid the COVID-19 pandemic. At the same time, it bounced back with two consecutive quarters of growth, reg Wed, 27 Jan 2021 18:31:55 GMT
IMF projects growth rate of 3.1% for S. Korea in 2021 On Jan. 26, the International Monetary Fund (IMF) revised its projection for South Korea’s economic growth rate this year to 3.1%. That was 0.2 points higher than the 2.9% projection the IMF offered i Wed, 27 Jan 2021 18:07:07 GMT
S. Korean exports up by over 10% as of mid-January, progress expected to continue Exports were up by over 10% from 2020 as of mid-January. The remaining number of operating days in the month suggests that prospects for January exports are looking bright.According to the Korea Custo Fri, 22 Jan 2021 18:04:25 GMT
LG indicates it may withdraw from mobile industry despite favorable reviews of Rollable smartphone All 3,700 employees working in LG Electronics’ mobile communications (MC) division received an email on Jan. 20. It was a brief letter from co-CEO and President Brian Kwon Bong-seok.“Whatever decision Thu, 21 Jan 2021 17:43:36 GMT
Naver to acquire Canada’s Wattpad to fuel its IP ambitions Naver is acquiring the Canada-based online storytelling platform Wattpad to build up its own content-related international property (IP) business.According to the Financial Supervisory Service (FSS), Thu, 21 Jan 2021 17:32:04 GMT
[Interview] Senior vice president at Moody’s says S. Korea’s is more fiscally sound than other advanced economies “South Korea’s finances are in better shape than those of other advanced economies, given that debt has increased in most countries due to the COVID-19 pandemic.”Christian de Guzman, senior vice presi Wed, 20 Jan 2021 16:37:10 GMT
TSMC to invest over US$27 billion in facility construction in 2021, leaving headache for rival Samsung Semiconductor fabricators have gone on a spending spree as they vie for global hegemony over the industry.Taiwanese firm TSMC, the world’s top semiconductor foundry, announced plans to pour around 30 Mon, 18 Jan 2021 19:17:27 GMT
S. Korea economy recovered to 79.3% pre-COVID levels, crisis recovery index study shows Tracking a range of economic indicators — including consumption, exports, employment and production — over the past year shows that the Korean economy had recovered to 79.3% of its pre-COVID-19 level Mon, 18 Jan 2021 17:48:49 GMT
[Reporter’s notebook] Why a 3% growth rate projection isn’t something to smile about Will 2021 see us through the end of the long COVID-19 tunnel? President Moon Jae-in said in his New Year’s address on Jan. 4 that we would “overcome the virus without fail and regain our precious dail Sun, 17 Jan 2021 09:34:00 GMT
S. Korea’s sees largest ever annual increase in household bank loans For the first time, South Korea’s annual increase in household bank loans passed 100 trillion won (US$91.03 billion) in 2020. The new record is attributed to people seeking funds for housing purchases Fri, 15 Jan 2021 17:44:38 GMT
CES 2021 unveils sauna-like bath, robot that does kitchen chores and other futuristic appliances Water trickles over the edge of the Hinoki cypress bathtub. Mist rises as natural scents waft over from the dimly lit woods. When heavy snowflakes fall on a cold winter’s night, many of us may dream o Thu, 14 Jan 2021 18:51:57 GMT

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