BUSINESS
WTO to allow S. Korea to keep current tariff rate on imported rice
The World Trade Organization will allow South Korea to keep a 513 percent tariff on imported rice next year, the agriculture ministry said Tuesday, a move that could help protect the rice market of A...
Nov 19, 2019
Cabinet approves bill on regulation of P2P lending
The Cabinet on Tuesday approved a bill on regulation of peer-to-peer loans in a bid to tackle deceptive P2P lending practices and protect consumers, officials said. Under the regulation, which will ...
GS units partner with US mobility startup Lime
Two affiliates of energy and construction-centered GS Group said Tuesday they have formed a partnership with US micro-mobility startup Lime to offer better mobility services using their infrastructur...
Samsung's DRAM market share hits 2-year high in Q3: report
Samsung Electronics Co.'s share in the global DRAM market rose to the highest in two years in the third quarter on robust chip demand for servers and smartphones, a report showed Tuesday. The Korean...
Airbnb incurs Paris wrath over Olympics partnership
LONDON (AFP) -- Airbnb became a leading partner of the Olympics in a nine-year deal announced Monday that drew strong criticism from Paris, host of the 2024 summer Games. In the deal unveiled in Lon...
Jin Air to put repaired B737-NG back into service
Jin Air Co., the budget carrier unit of Korean Air Lines Co., said Monday it will put a B737-NG plane that underwent repair work for cracks back into service this week. Engineers from Jin Air and Bo...
Nov 18, 2019
Major companies’ Q3 profits fall sharply over trade disputes, economic slump
A majority of top South Korean companies listed on the nation’s major bourse saw their operating profits fall rapidly in the third quarter on-year over protracted trade disputes and the stagnant glob...
[Photo News] MAN Truck & Bus expects weak sales in Korea
Thilo Halter (center), Asia-Pacific president of MAN Truck & Bus, speaks during a press conference in Yongin, Gyeonggi Province, Monday. The German automaker expects sales here to remain weak next y...
Hanwha Aerospace, GE sign $300m plane engine parts supply deal
Chemicals-to-finance conglomerate Hanwha Group’s aviation unit Hanwha Aerospace said Monday that it has clinched a $300 million deal to supply aircraft engine parts to US airplane engine maker Genera...
[Herald Interview] Unreal opportunities for Epic Games in Korea
BUSAN -- A rich developer community means Epic Games keeps a close eye on Korea, according to the firm’s local representative. The country has the highest number of developers in the world who can u...
Seoul to unveil master plan for AI this year: science minister
South Korea will announce a strategy to build up its artificial intelligence capability this year as part of its broader effort to achieve sustainable growth, the country's science minister said Mond...
S. Korea sees lowest trade deficit with Japan in 16 years
Neighboring countries to hold second bilateral talks at WTO on Tuesday
S. Korea to grant smaller firms grace period on 52-hour policy
South Korea plans to apply a grace period for smaller firms in adopting the 52-hour workweek system, the labor minister said Monday, reflecting concerns over financial costs and a legislative deadloc...
Airlines to cut fuel surcharges on int'l routes in Dec.
South Korean airlines will lower their fuel surcharges on international routes in December to mirror a fall in jet fuel prices, industry sources said Monday. The surcharges for one-way tickets on lo...
S. Korea eases visa regulations for foreign workers in parts, materials and equipment fields
South Korea's justice ministry on Monday unveiled a revised visa policy to ease regulations for foreign workers in the parts, materials and equipment industries as part of ongoing efforts to help the...