Travel agencies suffer 80% sales plunge, ask for government relief
Feb 23, 2021 01:13 am UTC| Economy Technology
South Korean travel agencies asked for government relief after its annual sales plummetted over 80 percent last year. According to a task force formed to tackle the crisis, the travel agencies can no longer shoulder...
Seoul launches campaign to support flower farmers hit by COVID-19 slump
Feb 23, 2021 00:12 am UTC| Economy Technology
Seoul citys government has launched a campaign from promoting flower purchases to city halls floral decoration and the expansion of its plant donation program to support flower farmers struggling to survive the pandemics...
S. Korea posts 16.7% surge in exports in first 20 days of Feb.
Feb 22, 2021 22:20 pm UTC| Economy Technology
Strong shipments of chips and autos pushed South Koreas exports soaring by 16.7 percent on-year to $30.4 billion in the first 20 days of February from $26 billion a year earlier. Meanwhile, imports jumped 24.1 percent...
Cargo handling at S. Korean seaports dips 1.6% in Jan.
Feb 21, 2021 22:43 pm UTC| Business Economy
South Koreas cargo volume at local seaports dropped 1.6 percent to 128.9 million tons n January from 131 million tons posted in the same month last year, According to the Ministry of Oceans and Fisheries, the...
Tourism desperately wants a return to the 'old normal' but that would be a disaster
Feb 20, 2021 12:09 pm UTC| Insights & Views Economy
With each passing day, the grave future of Earth becomes more stark. The disruption of COVID-19 has not been enough to shift the trajectory, nor has it prompted polluting sectors of the economy to reconsider the harms they...
South Korean business owners sue government for losses due to COVID-19 pandemic
Feb 19, 2021 12:53 pm UTC| Business Economy
Business owners in South Korea have joined forces to file a legal case against the government. Hundreds of restaurant and cafe owners have sued the administration due to their huge losses brought about by the lockdowns at...
Japan's Toyota, Honda financially flexible to cope with global chip shortage: Fitch
Feb 19, 2021 00:04 am UTC| Economy Business
Japanese automakers Toyota Motor Corp. and Honda Motor Co. have the financial flexibility to cope with the global semiconductor chip shortage, even if it persists in the second half. According to the rating agency...
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