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Sunday, May 26, 2024

BUSINESS

A hotel stuck in limbo

Building a hotel with a traditional Korean theme in Jangchung-dong, central Seoul, has been the center of Hotel Shilla’s expansion plan since 2012. But the...

Birthrate czar describes Japan’s approach

Japan was one of the first countries to confront an aging population and a declining birth rate. In 1989, Japan’s fertility rate fell to 1.57,...

As China slows, new opportunities appear for Korea

Axel van Trotsenburg, vice president of the World Bank, said transition in the Chinese economy will create new opportunities for Korean exporters to tackle...

1 in 2 Koreans bought lottery tickets in 2015

One out of two Koreans have bought a lottery ticket in the past year, a survey by a government agency showed Wednesday. The Korea Lottery...

Mercedes-Benz vows to focus on service centers in 2016

Mercedes-Benz Korea (MBK) said Wednesday its top priority for this year is beefing up the automaker’s network of service centers across the country. Unveiling the...

Ikea recalls toy drums over choking concerns

Ikea Korea is recalling toy drums and drumsticks with rubber parts that could cause choking accidents, the Swedish furniture giant said on Thursday. Customers who...

Uber offers riders new entertainment feature

Uber Technologies had an epiphany after dropping off its one billionth passenger over the holidays: People are spending a lot of time in its...

LG to announce new flagship phone at MWC

The stage is set for a battle between Samsung Electronics and LG Electronics, as the two rivals are slated to unveil their flagship smartphones...

India’s largest bank opens its first branch in Korea

The State Bank of India (SBI), the largest bank in India in terms of assets, opened a branch in Seoul on Wednesday. The financial institution...

Youth unemployment hits all-time high in 2015

Korea’s youth unemployment rate hit an all-time high in 2015. According to a monthly employment report by Statists Korea on Wednesday, the unemployment rate for...
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