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BUSINESS

BUSINESS

Korea logs sixth month of surplus, largest in two years

Korea logged a current account surplus for the sixth consecutive month in October on a trade surplus that was helped by a jump in...
BUSINESS

Foreigners become net buyers of Korean stocks in November, end 3-month selling streak

Foreign investors of Korean stocks were net buyers last month after three months of being net sellers, having purchased a net 3.3 trillion won...
BUSINESS

Twitch exits Korea, leaving opening for Naver

Twitch, a San Francisco-based streaming service owned by Amazon, is pulling out of Korea due to expensive networking fees. While local users and streamers mourn...
BUSINESS

WKBC Organizing Committee disbands, expressing gratitudes to community

  The Organizing Committee of the 21st World Korean Business Convention (WKBC) held a closing ceremony to express its gratitude to the Korean American community...
BUSINESS

Korean battery makers grow fearful as U.S. overhauls IRA subsidy program

A red alert has gone off for Korean battery makers as the United States released specific requirements on its Inflation Reduction Act (IRA) subsidy...
BUSINESS

Korea and Japan re-establish $10 billion currency swap deal

Korea and Japan officially struck a $10 billion currency swap deal Friday. The announcement comes eight years after the end of the two countries'...
BUSINESS

Internet post accuses Posco of having ‘feminist’ gestures in recruitment video

Posco recently came under fire for using a pinching hand gesture in the company’s animated employee recruitment video, as the online hunt for the...
BUSINESS

Asiana Airlines to offer up to 30% discount on LAX-ICN flights

  Asiana Airlines is hosting a special event to celebrate the expansion of its A380 (Airbus 380) route to LAX-ICN next year. Asiana announced on November...
BUSINESS

Fruitless Busan bid still enabled Korea Inc. to seed fresh opportunities

Korean business organizations emphasized that Busan's campaign for the World Expo 2030 served as an opportunity to demonstrate the country's potential. The Korea Chamber of...
BUSINESS

Korea-U.S. alliance at ‘unprecedented heights,’ foreign minister says

Korean Foreign Minister Park Jin said that Korea-U.S. alliance has reached “unprecedented heights” as the two nations' economic ties, which began in military security,...
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