Category: Korea
Firms in Korea shed jobs amid economic slump
Domestic-oriented companies in South Korea have started to cut their workforce as sluggish sales brought on by an economic slump undermine their performance, industry sources [...]
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N Korea criticises Chinese firm in rare move
North Korea’s state-run media has issued rare criticism of a Chinese mining company that accused it of being a “nightmare” to do business with. Chinese firm [...]
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Korean economy stable, but facing uncertainties: Report
Korea’s economic conditions are showing minor signs of improvement, but the country continues to face negative external factors created largely by the eurozone debt [...]
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N Korea may take action to jolt economy, analysts say
North Korea said Wednesday that it would convene its Parliament this month, an unusual session that South Korean analysts said might officially introduce a programme by the [...]
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N Korea’s parliamentary move fuels speculation
North Korea has announced that its legislature is to meet again this month. There is considerable speculation in South Korea about the unusual reconvening of what is seen as [...]
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Korea reduces estimate of second-quarter expansion
South Korea’s economy expanded in the second quarter by less than the central bank initially estimated, building the case for another interest-rate reduction as exports [...]
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N Korea launches barbed attack on Chinese investor
North Korea attacked charges on Wednesday that it was a “nightmare” to do business in, complaints that threaten desperate attempts to boost investment from [...]
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Finance minister rules out systemic risk for household debt
Korea’s top economic policymaker said Tuesday that there is a slim chance of the country’s household debt problem developing into a systemic risk as financial [...]
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N Korea announces parliamentary session
North Korea announced Wednesday that it would convene a parliamentary session later this month, which analysts said was likely to handle laws aimed at building economic [...]
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Korea shares slip in mixed trade as carmakers weigh
South Korean shares moved lower on Tuesday, paring small intraday gains as carmakers tugged the bourse down after they lost ground on poor earnings released the previous day. [...]
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Korea has 18589 MW of nuclear capacity online
South Korea has 20 nuclear reactors in operation, producing 18,589 megawatts of power, or about 90 percent of total capacity, according to data compiled by Bloomberg. The [...]
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Korea court awards $2.2m over false spy charges
A Seoul court on Tuesday awarded a fisherman compensation of more than $2 million for being tortured and imprisoned in the 1980s on false charges of spying for North Korea. [...]
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Korea’s August housing market weakest in more than 3 yrs – data
South Korea’s housing market had its worst month since the 2008-2009 global financial crisis in August, as prices fell for a second straight month and an index [...]
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Hyundai deal in Korea ends extended strike
Hyundai Motor Co.’s (HYMLY, 005380.SE) labour union voted to approve a revised wage and working-condition deal Monday, putting an end to prolonged strike action that [...]
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Korean tech firms beef up patent management, legal staff
Korean electronics firms are moving to bolster their patent management in an effort to better cope with growing technology infringement lawsuits with overseas rivals, market [...]
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