South Korea to Raise Minimum Wage by 16% to 7,530 Won Per Hour – Largest...
South Korea’s new president Moon Jae In has won a victory in his bid to increase pay by pushing through a minimum wage increase of 16 percent to 7,530 won ($6.60) per hour. The rise in pay marks the...
View ArticleAmorePacific Skincare Brands Hit Hard by China-US THAAD Missile Dispute
South Korea's popular skincare giant AmorePacific has seen its profits and sales hammered in China due to the dispute over the housing of American THAAD missiles on Korea soil. The post AmorePacific...
View ArticleAs Sales Drop 41 Percent in First Half of 2017, Hyundai Replaces CEO in China
The appointment is effective immediately with Tao replacing Chang Won Shin who will return to Hyundai Motor headquarters in Seoul. The post As Sales Drop 41 Percent in First Half of 2017, Hyundai...
View ArticleKakao to Launch Smart Speaker ‘Kakao Mini’ Later this Month
The company behind South Korea's ubiquitous mobile messenger app KakaoTalk is launching its own smart speaker, the Kakao Mini, will be available for pre-orders later this month. The post Kakao to...
View ArticleVice President of Korea Aerospace Industries Found Dead Amid Scandal Allegations
The Vice President of the troubled Korea Aerospace Industries Co. has committed suicide police said The post Vice President of Korea Aerospace Industries Found Dead Amid Scandal Allegations appeared...
View ArticleKorea Bans Fire-Prone BMW’s Under Recall that Haven’t Been Inspected
A total of 39 engine-related fires in BMW cars, mostly the best-selling 520d sedan, have been reported this year in South Korea. Fortunately, no injuries nor fatalities have been reported thus far. The...
View ArticleMore Bad Economic News as KOSPI Falls to Almost Two Year Low
Seoul shares fell below the psychologically important 2,000 mark today as foreign and retail investors dumped stocks amid a lack of upside momentum. The won rose against the U.S. dollar. The post More...
View ArticleHow Blockchain Projects Around the World are Turning to Korea for Global Reach
Continuing the recent expansion into Korea, on November 9th, Primas held an offline meet-up in Seoul. In attendance were hundreds of blockchain enthusiasts, investors and representatives from research...
View ArticleKorean Won – US Dollar Weekly FX Rate Forecast
Here's this week's forecast for the Korean won-US dollar exchange rate from KEB Hana Bank. The post Korean Won – US Dollar Weekly FX Rate Forecast appeared first on Haps Magazine.
View ArticleRenault Moving Twizy Production to Busan
The City of Busan signed a memorandum of understanding (MoU) with Renault Samsung Motors (RSM) and Dongshin Motech (DST), one of the automotive body parts suppliers for Renault Samsung, to relocate...
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