Economic policy remains hotly contested in South Africa: this detailed history shows why
May 20, 2020 15:24 pm UTC| Economy
Economic inequality in post-apartheid South Africa has deepened. This is not what was expected. Firstly, the African National Congress (ANC) won an overwhelming victory in the 1994 elections and promised to significantly...
S. Korea to Hasten Infra Projects, Infuse 400-B Won to Help Steel Sector
May 18, 2020 09:18 am UTC| Economy
South Korea will cushion the steel industrys fallout caused by weak demand by fast-tracking infrastructure projects and spending over 400 billion won on research and development. According to Industry Minister Sung...
G-20 Members Agree on Plan to Sustain Global Supply Chains
May 18, 2020 09:15 am UTC| Economy
South Korea has adopted an action plan with other members of the Group of 20 to maintain the global supply chains and refraining from implementing new trade barriers. During a virtual meeting attended by South Korean...
S.Korean Firms to Cut Workforce if Virus-Triggered Woes Continue
May 18, 2020 09:03 am UTC| Economy
A third of South Koreas firms may layoff workers if the economy does not significantly recover from the pandemic, based on a poll conducted by the Korea Economic Research Institute. Out of the 120 companies surveyed, 30...
Major S. Korean Business Groups Boost Q1 Spending by 22%
May 18, 2020 09:00 am UTC| Business Economy
South Koreas 59 major business groups increased spending in the first quarter of the year by 22 percent to reach 21.78 trillion won from 17.84 trillion won a year earlier. The data was based on the expenditures of 373...
S. Korea Luring Businesses Back Home by Easing Factory Regulations
May 18, 2020 07:50 am UTC| Economy
South Korea is wooing firms with overseas plants to reshore by easing regulations on the construction of factories in the countrys metropolitan area. According to the finance ministry, it is reviewing measures to...
China, South Korea Persuading Japan to Ease Business Travel Restrictions
May 18, 2020 07:48 am UTC| Economy
South Korea and China are coordinating with Japan about fast-tracking the entry of business people who tested negative for COVID-19 before departure and after arrival. Japans Foreign Ministry has not commented on 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