US firms involved in $8 Billion Iraqi power project deals
Aug 21, 2020 02:28 am UTC| Economy
Five US firms signed or would be signing deals valued by as much as $8 billion with the Iraqi government as Prime Minister Mustafa al-Kadhimi declared his country open for American investments. According to the US...
S. Korea to extend anti-dumping tariffs on Chinese, Malaysian plywood
Aug 21, 2020 01:14 am UTC| Economy
South Korea would extend its anti-dumping tariffs on Chinese and Malaysian plywood products for five years due to concerns that lifting the existing barriers would cause dumping into the local market. Based on South...
S. Korea eyes 8 Trillion won Czech nuclear project
Aug 21, 2020 00:59 am UTC| Economy
South Korea expressed its desire to participate in the 8 trillion-won nuclear power plant construction project in the Czech Republic. The new nuclear plant will be constructed in the southern region of Dukovany,...
US curbs on Huawei to negatively impact S. Korea’s economy
Aug 20, 2020 10:19 am UTC| Economy
US restrictions against Huawei Technologies Co. are adversely impacting South Korean firms, which exports chips to China. South Koreas two biggest exporters, Samsung Electronics Co. and SK Hynix Inc. use US-made...
S. Korea persuading homeowners to retain 'jeonse' deals with tighter home lease rules
Aug 20, 2020 10:10 am UTC| Economy
South Korea will tighten some rules on home lease contracts to stabilize jeonse deals, as more homeowners prefer to receive monthly rental fees. Currently, a homeowner gets four percent of a jeonse contract as monthly...
India dismisses antitrust complaint against WhatsApp
Aug 20, 2020 06:13 am UTC| Economy
The Competition Commission of India has dismissed a case against Facebooks WhatsApp, alleging that it had abused its dominant position by forcing its payments to feature on the countrys existing users. In a 41-page...
S. Korean airlines abstain from levying fuel surcharges in Sept.
Aug 18, 2020 23:35 pm UTC| Economy
South Korean airlines will not impose fuel surcharges on international routes for the sixth consecutive month in September, raising expectations the trend would further continue. The zero rates also apply to one-way...
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