Shinsegae’s Emart signs deal to acquire 80% eBay Korea stake for ₩3.4 trillion
Jun 25, 2021 07:17 am UTC| Business Economy
Shinsegae, Emarts parent company, was the final winner in the bid to acquire the Korean unit of the e-commerce platform eBay. Although at first, the company formed a consortium with Naver to win in the bidding, the tech...
E-Mart24 opens 1st of 300 stores to be put up in Malaysia in 5 years
Jun 24, 2021 22:15 pm UTC| Economy Business
E-Mart24 Inc. opened its first store in Malaysia, a 257-square-meter outlet in an office district in Kuala Lumpur, on Thursday as part of its push to open 300 stores in five years in the Southeast Asian country. The...
S. Korean millionaires increase by 140,000 to 1.05 million in 2020
Jun 24, 2021 21:51 pm UTC| Economy Life Business
The number of South Koreans with assets worth over $1 million, or nearly 1.1 billion won, increased by 140,000 on-year to 1.05 million in 2020, accounting for 2 percent of the worldwide total. Last year, there were 5.2...
Kakao's market cap up 6.6% to narrow gap with SK hynix
Jun 24, 2021 21:45 pm UTC| Economy Business
Kakao rose 6.6 percent in closing on Wednesday from the previous day, pushing its market capitalization to an all-time high of 75.2 trillion won to narrow the gap with the incumbent No. 2 chipmaker SK hynix. The...
Canadians invest in $3.5 billion worth of real estate in S. Korea in last 5 years
Jun 24, 2021 21:40 pm UTC| Economy Business
Canadian investors transacted $3.5 billion worth of real estate deals in South Korea from 2016 to 2020, excluding deals smaller than $10 million. The figure was 12.4 times more than it was during the period from 2011 to...
S. Korea to invest 220 billion won to develop 6G tech by 2025
Jun 24, 2021 17:14 pm UTC| Economy Technology Business
South Korea will invest 220 billion won to develop and standardize sixth-generation (6G) network technology by 2025 and conduct joint research with the US to strengthen competitiveness in the global race for future...
Shinhan Card's data reveals gamers spend more on phone plans, food deliveries
Jun 24, 2021 15:20 pm UTC| Economy Life Business
Shinhan Card Co.s transaction data for the first quarter revealed that PC or mobile game users paid 20,000 won more to telecom companies than non-PC or mobile gamers and 48 percent more gamers used food delivery than those...
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