Poland sees South Korea as its major economic partner and wants to further boost bilateral ties beyond e-mobility to make a strong rebound from the fallout of the COVID-19 pandemic, its finance …
Investors Press POSCO to Stop Business with Myanmar Military
Australian Financial Review reported that investors are urging South Korean industrial group Posco to exit a steel joint venture with a Myanmar military-controlled conglomerate as pressure builds on …
North Korea Drops Out of Tokyo Olympics Citing COVID-19, Dashing South Korea Hopes
North Korea will not join the Tokyo Olympics this year due to coronavirus concerns, the country’s sports ministry said on Tuesday, dashing South Korean hopes the Games could be a catalyst to revive …
South Korea’s SK Group buys 16.3% stake in Vietnam’s VinCommerce for $410 million
SEOUL (Reuters) – South Korea’s third-largest conglomerate, SK Group, said on Tuesday it has agreed to acquire a 16.3% stake in Vietnam’s VinCommerce, a retail affiliate of Masan Group, for $410 …
Concerns rise as South Korea’s household debt nears GDP
Household debt in South Korea surged to nearly 100 percent of the nation’s gross domestic product, raising concerns that the central bank’s rate hikes may be placing a heavy burden on the household …
North Korean workers in Russia defect to South Korea
April 5 (UPI) –Three North Korean laborers who were detained in Russia have been freed and allowed to travel to South Korea, according to a Russian news report. Baikal Daily reported Saturday the …
Exclusive: South Korea steel giant POSCO weighs how to exit Myanmar military-backed venture – sources
“We won’t want to run the business like we do now, and we are reviewing restructuring our Myanmar operation,” one of the two sources with knowledge of the discussions told Reuters. The people declined …
S. Korea’s LG Electronics to withdraw from mobile phone business
SEOUL, April 5 (Xinhua) — South Korea’s tech giant LG Electronics said on Monday that it will withdraw from the mobile phone business later this year, following years of loss-making performance. The …
S. Korea’s LG Electronics to withdraw from mobile phone business
SEOUL, April 5 (Xinhua) — South Korea’s tech giant LG Electronics said on Monday that it will withdraw from the mobile phone business later this year, following years of loss-making performance. The …
South Korea’s LG becomes first major smartphone brand to withdraw from market
In South Korea, the division’s employees will be moved to other … it added. Talks to sell part of the business to Vietnam’s Vingroup fell through due to differences about terms, sources with …