Last year, South Korea’s total overseas direct investment turned to growth for the first time in two years. Investment in the U.S. also rebounded for the first time in three years. According to the …
South Korea to carry out bond buyback, expand fuel tax breaks to cushion blow from Iran conflict
By Jack Kim and Cynthia Kim SEOUL, March 26 (Reuters) – South Korea on Thursday said it will carry out a 5 trillion won ($3.32 billion) emergency bond buyback and expand fuel tax cuts starting Friday …
South Korea to invest $166 million in AI chip startup Rebellions
SEOUL, March 26 (Reuters) – South Korea’s industry ministry on Tuesday said the Financial Services Commission’s advisory board approved a 250 billion won ($166 million) investment in a local …
South Korea to raise fuel price cap but expand tax break to cushion blow from Iran conflict
By Jack Kim SEOUL, March 26 (Reuters) – South Korea will raise a cap on fuel prices effective Friday at midnight and expand fuel tax breaks to ease the burden on consumers dealing with the fallout …
Philippines becomes first country to declare national emergency over Middle East war
A national emergency has been declared in the Philippines as the war in the Middle East causes fuel prices to surge. South Korea has been grappling with energy restraints, implementing a nationwide energy saving campaign while Thailand has also asked employees to ditch suits in offices and lower air conditioning.
GM to invest US$600 million in its South Korean unit
General Motors, which received a South Korea government rescue package in 2018 to stay in the Asian country, said on Wednesday it plans to invest US$600 million in its local unit to upgrade …
GM to invest US$600 million in its South Korean unit
General Motors, which received a South Korea government rescue package in 2018 to stay in the Asian country, said on Wednesday it plans to invest US$600 million in its local unit to upgrade …
South Korea to invest in cutting-edge aircraft technologies for defence, president says
SEOUL, March 25 (Reuters) – South Korean President Lee Jae Myung said on Wednesday his country will invest in cutting-edge aircraft technologies for national defence, at an event celebrating the first …
South Korea to invest in cutting-edge aircraft technologies for defence, president says
SEOUL, March 25 (Reuters) – South Korean President Lee Jae Myung said on Wednesday his country will invest in cutting-edge aircraft technologies for national defence, at an event celebrating the first …
Wipro expands South Korea presence, launches Innovation Lab in Seoul
Wipro expands its presence in South Korea with a new Innovation Lab in Seoul, enhancing local capabilities and AI-led transformation.