South Korean Economy
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South Korean President Lee Jae Myung To Meet Trump, Discuss Trade, Defence
The August 25 summit will follow a July trade deal in which the US agreed to cut its reciprocal tariff on South Korea to 15% from the initially proposed 25% and to apply the same reduced rate to South Korean cars.
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South Korea Breaks Record For World's Lowest Fertility Rate, Again
The average number of expected babies per South Korean woman over her reproductive life fell to 0.78 in 2022, down from 0.81 a year earlier.
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Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy
Samsung on Friday said that its Q4 profit fell to an eight-year low, amid low demand for electronic devices and falling memory chip prices and a weak global economy. The South Korean conglomerate's dismal profit estimate also sets a weak tone for other technology firms' quarterly results. Meanwhile, the company's profits are expected to shrink agai...
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Samsung Cuts 2022 Smartphone Shipments Target to 260 Million Units Due to Supply Chain Constraints: Report
Samsung is said to have reduced its smartphone shipment target for 2022, as per a report. The company is said to have made the decision due to slum in global economy, supply chain constraints, and low demand for phones. The report added that the South Korean company was earlier aiming to ship 300 million units in 2022.
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Streaming Drives 7.4 Percent Growth in Global Recorded Music Business Last Year
The global recorded music business grew by 7.4 percent last year, an industry body said, as streaming continued to drive a fast-paced recovery from the doldrums of the piracy era.
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We Welcome South Korean Businesses To "The Indian Dream": PM Modi
Prime Minister Narendra Modi said today that the Indian economy is based on sound fundamentals and will in the near future double in size to USD 5 trillion, as he highlighted how India is a "land of opportunities" to investors in South Korea.
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Biggest Smartphone Plant Masks PM Modi's 'Make In India' Struggle: Report
Last week, Prime Minister Narendra Modi and South Korean President Moon Jae-in celebrated the inauguration of what Samsung Electronics Co. Ltd. called the world's largest mobile phone factory.
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Here's How Samsung Plans to Compensate Galaxy Note 7 Components Suppliers
Samsung would fully pay for unused Galaxy Note 7 parts that have been manufactured, compensate suppliers for unfinished components, and pay for materials bought to make Galaxy Note 7 parts.
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South Korea's President Park Urges 'Bone-Crushing' Reform On Shipbuilders
South Korean President Park Geun-Hye on Monday urged "bone-crushing" efforts to overhaul the nation's ailing shipbuilders faced with mounting losses caused by slowing global demand and increased competition.
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Economic Woes, Threats From North Shadow South Korea Vote
South Koreans voted Wednesday in legislative elections clouded by North Korean nuclear threats and the multiple challenges facing Asia's fourth-largest economy, as President Park Geun-Hye enters the final stretch of her term in office.
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South Korea Announces Official End To MERS Outbreak
South Korea announced today the official end to a deadly outbreak of Middle East Respiratory Syndrome (MERS) that killed 36 people and sparked widespread panic in Asia's fourth-largest economy.
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South Korean President Park Geun-Hye Vows to Push Labour Reform
South Korean President Park Geun-Hye today vowed to push through labour reforms to ease growing youth unemployment at what she termed a "make or break" moment for Asia's fourth-largest economy.
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MERS-Hit South Korea Sanctions $20 Billion Stimulus Package
The South Korean government today agreed to inject $20 billion into the flagging economy, which has been hit by the MERS virus outbreak and sluggish consumption.
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South Korean Shopping, Baseball, Movies and Art Hit by MERS
SEOUL: South Korean high street spending fell dramatically in the first week of June as fears over an outbreak of Middle East Respiratory Syndrome (MERS) kept shoppers at home, but online purchases rose, government estimates showed today.
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In North Korea, Women Earn More Than 70 Per Cent of Household Income
North Korea is a militarized, male-dominated society, but it is women who are making the money as the insular nation allows an unofficial market-based economy to take shape.
-
South Korean President Lee Jae Myung To Meet Trump, Discuss Trade, Defence
The August 25 summit will follow a July trade deal in which the US agreed to cut its reciprocal tariff on South Korea to 15% from the initially proposed 25% and to apply the same reduced rate to South Korean cars.
-
South Korea Breaks Record For World's Lowest Fertility Rate, Again
The average number of expected babies per South Korean woman over her reproductive life fell to 0.78 in 2022, down from 0.81 a year earlier.
-
Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy
Samsung on Friday said that its Q4 profit fell to an eight-year low, amid low demand for electronic devices and falling memory chip prices and a weak global economy. The South Korean conglomerate's dismal profit estimate also sets a weak tone for other technology firms' quarterly results. Meanwhile, the company's profits are expected to shrink agai...
-
Samsung Cuts 2022 Smartphone Shipments Target to 260 Million Units Due to Supply Chain Constraints: Report
Samsung is said to have reduced its smartphone shipment target for 2022, as per a report. The company is said to have made the decision due to slum in global economy, supply chain constraints, and low demand for phones. The report added that the South Korean company was earlier aiming to ship 300 million units in 2022.
-
Streaming Drives 7.4 Percent Growth in Global Recorded Music Business Last Year
The global recorded music business grew by 7.4 percent last year, an industry body said, as streaming continued to drive a fast-paced recovery from the doldrums of the piracy era.
-
We Welcome South Korean Businesses To "The Indian Dream": PM Modi
Prime Minister Narendra Modi said today that the Indian economy is based on sound fundamentals and will in the near future double in size to USD 5 trillion, as he highlighted how India is a "land of opportunities" to investors in South Korea.
-
Biggest Smartphone Plant Masks PM Modi's 'Make In India' Struggle: Report
Last week, Prime Minister Narendra Modi and South Korean President Moon Jae-in celebrated the inauguration of what Samsung Electronics Co. Ltd. called the world's largest mobile phone factory.
-
Here's How Samsung Plans to Compensate Galaxy Note 7 Components Suppliers
Samsung would fully pay for unused Galaxy Note 7 parts that have been manufactured, compensate suppliers for unfinished components, and pay for materials bought to make Galaxy Note 7 parts.
-
South Korea's President Park Urges 'Bone-Crushing' Reform On Shipbuilders
South Korean President Park Geun-Hye on Monday urged "bone-crushing" efforts to overhaul the nation's ailing shipbuilders faced with mounting losses caused by slowing global demand and increased competition.
-
Economic Woes, Threats From North Shadow South Korea Vote
South Koreans voted Wednesday in legislative elections clouded by North Korean nuclear threats and the multiple challenges facing Asia's fourth-largest economy, as President Park Geun-Hye enters the final stretch of her term in office.
-
South Korea Announces Official End To MERS Outbreak
South Korea announced today the official end to a deadly outbreak of Middle East Respiratory Syndrome (MERS) that killed 36 people and sparked widespread panic in Asia's fourth-largest economy.
-
South Korean President Park Geun-Hye Vows to Push Labour Reform
South Korean President Park Geun-Hye today vowed to push through labour reforms to ease growing youth unemployment at what she termed a "make or break" moment for Asia's fourth-largest economy.
-
MERS-Hit South Korea Sanctions $20 Billion Stimulus Package
The South Korean government today agreed to inject $20 billion into the flagging economy, which has been hit by the MERS virus outbreak and sluggish consumption.
-
South Korean Shopping, Baseball, Movies and Art Hit by MERS
SEOUL: South Korean high street spending fell dramatically in the first week of June as fears over an outbreak of Middle East Respiratory Syndrome (MERS) kept shoppers at home, but online purchases rose, government estimates showed today.
-
In North Korea, Women Earn More Than 70 Per Cent of Household Income
North Korea is a militarized, male-dominated society, but it is women who are making the money as the insular nation allows an unofficial market-based economy to take shape.
