S. Korea eyes 8 Trillion won Czech nuclear project
Aug 21, 2020 00:59 am UTC| Economy
South Korea expressed its desire to participate in the 8 trillion-won nuclear power plant construction project in the Czech Republic. The new nuclear plant will be constructed in the southern region of Dukovany,...
US curbs on Huawei to negatively impact S. Korea’s economy
Aug 20, 2020 10:19 am UTC| Economy
US restrictions against Huawei Technologies Co. are adversely impacting South Korean firms, which exports chips to China. South Koreas two biggest exporters, Samsung Electronics Co. and SK Hynix Inc. use US-made...
S. Korea persuading homeowners to retain 'jeonse' deals with tighter home lease rules
Aug 20, 2020 10:10 am UTC| Economy
South Korea will tighten some rules on home lease contracts to stabilize jeonse deals, as more homeowners prefer to receive monthly rental fees. Currently, a homeowner gets four percent of a jeonse contract as monthly...
India dismisses antitrust complaint against WhatsApp
Aug 20, 2020 06:13 am UTC| Economy
The Competition Commission of India has dismissed a case against Facebooks WhatsApp, alleging that it had abused its dominant position by forcing its payments to feature on the countrys existing users. In a 41-page...
S. Korean airlines abstain from levying fuel surcharges in Sept.
Aug 18, 2020 23:35 pm UTC| Economy
South Korean airlines will not impose fuel surcharges on international routes for the sixth consecutive month in September, raising expectations the trend would further continue. The zero rates also apply to one-way...
Credit loans by S. Korean banks expected to surge further in August
Aug 18, 2020 23:27 pm UTC| Economy
Credit loans by South Korean banks to individuals are set to increase for the third consecutive month in August due to soaring housing costs and other factors. The countrys five major lenders, namely KB Kookmin,...
US to further restrict Huawei's access to technology, chips
Aug 17, 2020 23:06 pm UTC| Economy
The US will tighten restrictions to prevent Huawei Technologies Co from obtaining semiconductors without a special license, including those made by foreign firms that have been developed or produced with US software or...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects