Economy

Argentina Offers To Pay $9 Billion In Cash To Settle 14-Year Credit Dispute

The country is seeking to end the 14-year legal case that has prevented it from accessing the international credit market.

February 6, 2016 at 9:37 pm

U.S. Unemployment Rate Goes Down, Economy Opens 151,000 Jobs In January

However, it revealed that job losses happened within the sectors of “private educational services, transportation and warehousing, and mining.”

February 6, 2016 at 10:15 am

South Korea’s National Assembly Passes “One Shot Act” To Encourage Reorganization Of Large Business, Corporate Governance

With the One Shot Act, it is anticipated that the companies will reinforce managerial rights and change into companies that cater to intermediate financial services.

February 5, 2016 at 11:03 pm

Royal Dutch Shell To Cut 10,000 Jobs As Annual Profits Plummet

The company’s CEO said Shell is entering a new chapter that will enhance its operating and improve returns of shareholders.

February 5, 2016 at 6:58 am

Underperforming Workers Can Now Be Dismissed, IBK Labor-Management Announces

Employees who are found performing below the standards of what a company expects can now be dismissed, as agreed by the labor and management at IBK Investment & Securities.

February 5, 2016 at 6:56 am

Lower Rate Means Boosting Economy, Says Former Central Banker on Korea Economy Revival

The country's snail growth prompted Kang Myung Hun to suggest a lower rate so as to show that the policy makers are boosting the country's economy the best they can.

February 4, 2016 at 1:16 am

Korea Determined To Rise From Economic Disappointments by Unveiling New Stimulus Measures

Korea announced new stimulus measures after a series of economic slowdown, starting from a stimulus package worth 5 trillion won, or about US$4. 94 billion.

February 4, 2016 at 1:14 am

Large Companies That Offer 40.75 Million Won to University Graduates Can Cause Further Unemployment Problems, Experts Warn

According to the Korea Employers Federation, large companies would generally offer university graduates 40.75 million won, which widens the gap of unemployment between large and small companies, The Korea Economic Daily reports.

February 2, 2016 at 11:40 am

South Korea Permits Use Of Omnibus Accounts For Foreign Investors

The government recently announced that the accounts will be used on May 31.

February 1, 2016 at 11:23 am

Malaysia’s 1MDB Fund Allegedly Gets Stolen, Swiss Prosecutor Points To Misappropriation Of Funds

“To date, however, the Malaysian companies concerned have made no comment on the losses they are believed to have incurred,” said Michael Lauber, Switzerland’s attorney general, in a statement.

February 1, 2016 at 11:17 am

China Expects To Have 2.9 Billion Chinese Trips, Majority Falls During Lunar New Year Week

Apparently, this year's expectation is lesser than the previous years due to the lack of excitement in the country’s economy despite the improvement of online ticketing

February 1, 2016 at 11:00 am

South Korea's National Debt To Exceed 600 Trillion Won, Raises Concerns On Country's Fiscal Health

The rapid increase of the South Korea’s national debt is due to government spending in response to alleviate the country’s sluggish economy.

February 1, 2016 at 2:31 am

Hallyu Reaches Western China to Reign in Fashion, Cosmetics Industries

The hallyu craze reaches western China with thousands of shoppers opting to buy Korean merchandise than any other local and imported goods, according to Korea Herald.

January 30, 2016 at 6:50 am

U.S. Economy Slowed In The Fourth Quarter, Due To Cut Backs On Capital Spending And Tempered Household Spendings

The U.S. economy has slowed down its expansion in the fourth quarter of 2015, according to a report from Bloomberg. The slowdown is due to businesses cut back on capital investment, adjusted inventories and a tempered household spending.

January 30, 2016 at 5:40 am

Korea Ranks 4th on 'Doing Business Report' by World Bank; Offers Better Business Scene in 2016

Korea achieves the highest jump of rank from seventh in 2013 to fourth place in the recent "Doing Business 2016" report of the World Bank.

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