Markets

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 9:49 pm

Take Over Bid Of Taiwan’s Foxconn Technology Becomes Better Option For Sharp Corporation, According To Sources

Sharp’s CEO confirmed the electronics manufacturing company is having talks with Foxconn. However, he denied the reports that it preferred the Taiwan-based firm.

February 5, 2016 at 9:44 pm

Korea Hydro & Nuclear Power Corp. (KHNP) Signs MOU With Argentinian Technological Company For Business Expansion

Following the terms on the MOU, the two companies will work together to develop specific areas in the industry of nuclear power plants.

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 12:35 pm

ChemChina Takes Over Syngenta AG For $44 Billion Bid, Secures China’s Food Production

The acquisition of the Swiss company is the largest foreign purchase of a Chinese company.

February 4, 2016 at 12:26 pm

Ben & Jerry’s Vegan Ice Cream To Be Available In Stores In February

They come in four different yet healthy flavors.

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 3, 2016 at 8:00 pm

China Smartphone Growth Decelerates at 2% in 2015, The Slowest To Date

Only 427.6 million smartphones were shipped by phone vendors to China this year, indicating a slow two percent growth in 2015.

February 3, 2016 at 1:13 pm

Yahoo Inc. To Reduce Its Workforce By 15%, Plans To Close Down Five Offices

The search engine company said the job cuts are a part of its four-point plan that would help Yahoo bounce back from its sluggish business.

February 3, 2016 at 1:05 pm

Korean Research Team Transfers Blood Test For Early Detection Of Dementia To Manufacturing Firm For Commercialization in 2019

The business deal, which is worth at least 330 billion own, was announced on Monday.

February 3, 2016 at 10:37 am

New Taste: Wendy’s To Use New Recipe For Its Hamburger Buns, Plans To Change Burger Packaging

The fast food restaurant company decided to make changes due to the turnaround of one of its rivals, McDonald’s.

February 2, 2016 at 9:05 pm

Alphabet Inc. Posts Higher Market Cap Than Apple Inc., Becomes World’s Most Valuable Company

Alphabet set a five percent increase in profits, according to its recent financial results.

February 2, 2016 at 1:56 pm

Canadian Solar Inc. To Receive $70 Million Financing Package From International Finance Corporation

With the new investment, the solar company will be able to expand its operations and meet the demands of solar power.

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.