Economy

Korea's Foreign Direct Investment Reaches Record High in 2016 , As Korean Firms Ramp Overseas Expansion

Foreign direct investment (FDI) in Korea reached a record high during the first nine months of this 2016 surpassing US$15 billion for the firs time, Chosun Ilbo reported.

October 7, 2016 at 10:52 am

Koreans Must Keep on Working Beyond 60 to Sustain Themselves

It has been a running debate in Korean society how best to tackle its ageing population. Recent news reports show a mixed picture. The elderly, despite their age, still needs to keep on working to support themselves, but apparently new research shows that if they keep on working it will have a positive correlation with their relationship to their children.

October 5, 2016 at 9:06 pm

Poor Sales Hit Car Manufacturers Hard In South Korea

South Korea Leading Vehicle Manufacturers Are Currently Embroiled In A Struggle To Bounce Back In The Face Of Declining Sales

October 4, 2016 at 6:23 am

South Korean Economy Like To Reach 2.8 pct Economic Growth in 2016

The South Korean economy, 11th largest in the world, is expected to reach its 2016 economic growth target of 2.8 percent despite some downside pressures, a Korea' vice finance minister said Tuesday Yonhap reported.

October 3, 2016 at 11:14 am

Clinton Plans to Target Irresponsible Corporations and Banks When Elected

U.S. Democrat presidential candidate Hillary Clinton on Monday will reveal a plan to make it easier for citizens to file a lawsuit against what she calls as "bad corporate actors," Reuters reported.

October 3, 2016 at 6:57 am

Korea's 2016 Global Competitiveness Ranks 26th Down from 11th Place in 2007

Korea ranks 26th out of 138 nations in global competitiveness according to a recent report published by the World Economic Forum last Wednesday, Chosun Ilbo

September 29, 2016 at 11:36 am

Chinese Businesswoman Gets Indicted by U.S. for Helping North Korea Evade Sanctions

A major member of the Chinese Communist party, business woman Ma Xiaohong, has received an indictment from the United States of America Department of Justice for using her trading company to assist North Korean companies get around U.S. sanctions and get raw materials which they use in making nuclear-weapons.

September 18, 2016 at 8:54 pm

U.S. Import Debt Narrows in 2016's Second Quarter while National Income Rises

Reuters reported that the second-quarter current account deficit of the US represented 2.6 percent of gross domestic product which was down from 2.9 percent in the first three months of 2016.

September 15, 2016 at 6:56 am

Ford Transferring All U.S. Production of Small Cars To Mexico

Ford is planning to shift production of all its North American small-cars to Mexico, Mark Fields, CEO announced to investors Tuesday.

September 15, 2016 at 6:58 am

Ex- AIG Chairman Hank Greenberg Goes to Trial over Accounting Fraud Case

The trial of American International Group 's (AIG) ex-chairman Maurice "Hank" Greenberg over accusations of accounting fraud at the insurance giant some 16 years ago will finally commence according to Reuters.

September 15, 2016 at 6:56 am

German Giant Bayer Merges with Monsanto for $66 billion dollars

Chemicals and healthcare group Bayer AG has acquired U.S. seeds company Monsanto for more than $66 billion dollars in cash including debt setting the biggest M&A deal of 2016 Reuters reported. Bayer will combine its heft to the crop science business of Monsanto.

September 15, 2016 at 6:57 am

Dyson to EU: UK Economy Stronger Outside the EU

BBC reported that one of the UK's most successful entrepreneurs opined that Brexit was a right choice and that it will reinvigorate the country's sluggish economy.

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