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The recovery pace of the South Korean economy has remained feeble for months as an upturn in exports and private consumption was offset by weak industrial output, a government report said Tuesday. “The South Korean economy saw its exports and investment…
South Korea’s mobile operators have reportedly decided against taking legal action over the mandated subsidy hike for regular telecoms subscriptions. The ICT ministry this month instructed operators to implement a 25% discount rate for regular new…
To continue to meet growing demand for its lift trucks and fleet management technology, Crown Equipment to upgrade its South Korean operations with a move to a larger facility in one of the country’s fastest growing logistics hubs. Located in Icheon,…
South Korea, Singapore, New Zealand and Australia are the most IoT prepared countries for the IoT, according to IDC. The research firm’s Asia Pacific (excluding Japan) IoT Readiness Index ranked 13 APeJ nations (mix of developed and developing) across 13…
The number of franchise brands and companies has increased by roughly 9 percent compared to last year, with over 5,000 franchise brands owned by 4,000 franchise companies now operating in Korea. But while an average of 115 new franchise stores have opened up…
The South Korean government plans to increase the mandated monthly telecoms subscription fee discount to 25% from 20% as part of a plan to reduce total household expenses by 4.6 trillion won ($4.03 billion) annually. Customers signing up for one or two year…
Lotte Liquor will launch its second beer brand Fitz Super Clear on June 1, the company said. Fitz Super Clear is a lager containing a relatively low 4.5 percent alcohol content. The company said Fitz is designed to serve as a light but refreshing alcoholic…
The renovated branch of Lotte Premium Outlets in this suburban city about 30 miles south of Seoul looks more like an amusement park than a shopping mall for bargain hunting. At its Incheon outlet location, Lotte has opened a three-story complex catering to…
South Korean carmaker Kia Motors Corp signed a deal on Thursday to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging. The Hyundai Motor Co affiliate posted a 19…
Diageo has launched a 20cl bottle of its Johnnie Walker Black Label as it looks to make whisky more accessible to consumers in South Korea. The new pack, which rolled out yesterday, follows a launch for a 20cl Johnnie Walker Red Label last October, the firm…
Bolloré Logistics Korea recently installed an urban farm on its office rooftop building in Seoul, South Korea, as part of the Group’s initiative to promoting “Green Projects” and protecting biodiversity. Urban farming is a practice of growing your own food in…
Shares of Samsung Electronics got a boost on Tuesday after the report that archrival Apple had ordered 70 million display panels that the South Korean giant specializes in for the upcoming iPhone. Samsung’s stock closed at 2.1 million Korean won, posting a…
AirAsia X is in talks with Jeju’s provincial government about direct flights between Kuala Lumpur and the South Korean resort island. Jeju officials said discussions were held last week in Kuala Lumpur about frequencies in the absence presently of direct…
The Ministry of Commerce assesses that there is a significant opportunity for exporting coffee commodity to South Korea. To achieve this, the Ministry of Commerce plans to hold an exhibition in South Korea. Arlinda Director General of Export Development at…
British fashion technology start-up Metail has signed a partnership agreement with Benit, the technology arm of South Korea’s fourth largest conglomerate Kolon. The deal means Metail’s technology, which allows consumers discover, shop and “try on” clothes…
Liaoning SG Automotive Group Co Ltd Says it will not set up new energy car components JV with partners including South Korea’s Samsung SDI. Says it will dissolve a Tianjin-based financial leasing JV, which was set up in 2014. Lees ook: Jollibee Foods causes…
