Top investment banks upgrade economic outlook for S. Korea
Jan 08, 2021 23:39 pm UTC| Business Economy
Top global investment banks (IB) forecast the South Korean economy to grow 3.4 percent this year, up by 0.1 percentage point from their previous estimate. Credit Suisse upgraded its estimate by 0.7 percentage point to...
UK’s Marks and Spencer to ban Xinjiang cotton over China's alleged abuses on Uighur
Jan 08, 2021 05:28 am UTC| Business Economy
British supermarket chain Marks and Spencer (MS) will ban the use of cotton from the Xinjiang region in protest of Chinas alleged treatment of its Muslim Uighur minority. MS said it is one of the first companies that...
S. Korea's exports of kimchi hit all-time high of $119 million through Oct.
Jan 07, 2021 23:59 pm UTC| Economy Business
South Koreas exported an all-time high of $119 million worth of kimchi in the first 10 months of 2020, rising 36.4 percent from the previous year. The volume exported during the period was also a high of 32,000 tons,...
Pakistan urged to tap S. Korean consortiums for power plant projects
Jan 07, 2021 23:57 pm UTC| Economy Business
Pakistan will review tapping South Korean consortiums in constructing two hydroelectric power plants with capacities of 470 megawatts (MW) and 215 MW with a combined value of $1.58 billion. South Korea had urged...
S. Korea to invest 26.4 trillion won in housing stabilization
Jan 07, 2021 23:53 pm UTC| Business Economy
South Korea will spend over 26.4 trillion won to develop new towns in Incheon and build other infrastructure in the first half of the year to curb soaring housing prices. The said infrastructure projects include the...
S. Korea to invest 12.7 trillion won on job-generating digital New Deal in 2021
Jan 07, 2021 23:50 pm UTC| Business Economy
South Korea will spend 12.7 trillion won this year as part of its digital New Deal program, which targets pouring 58.2 trillion won into key tech investments to create around 900,000 jobs by 2025. Of that amount, 7.6...
Kia unveils logo, slogan to reflect new focus on electric vehicles
Jan 07, 2021 23:48 pm UTC| Business Economy
Kia Motors Corp. unveiled its new script-like company logo and slogan to represent new brand purpose and values, including a focus on manufacturing electric vehicles and other non-traditional mobility services. The...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects