Economy Archives - Page 27 of 44

Cash for quiet? Apartment residents in Korea turn to paid noise settlements

Online post about 2 million won monthly payments to settle apartment noise dispute goes viral Cash is becoming the latest solution to apartment noise disputes in South Korea, with a…

Homeplus's rocky road continues despite W200b lifeline

Full-capacity store operations look unfeasible amid supply, staff shortages Homeplus pulled back from the edge of bankruptcy on Thursday by securing 200 billion won ($135 million) in emergency financing from…

SK Group chief tells SK hynix investors: 'Just hold onto your shares'

SK Group Chairman Chey Tae-won urged SK hynix investors to “hold on” rather than chase daily market swings, expressing confidence in the company’s long-term growth prospects as demand for memory…

Chinese-made pipe parts passed off as Korean in US-bound exports

A man in his 60s has been sentenced to one year in prison, suspended for two years, for falsely labeling Chinese-made pipe components as South Korean products before exporting them…

Music in PyeongChang cancels cellist Pagano's performances amid post-competition tour dispute

All ticket holders to be offered full refunds Music in PyeongChang announced on Thursday that Italian cellist Ettore Pagano, who had been scheduled to perform in the festival on July…

Leveraged chip ETFs lure W7tr in 1 month despite chip rout

Single-stock leveraged exchange-traded funds tracking the country’s top chipmakers drew more than 7 trillion won ($4.73 billion) in net inflows over the past month, even as the underlying shares tumbled…

Busan's department stores cash in on record foreign visitor numbers

Foreign spending in Busan echoes nationwide trend toward record department store sales Foreign tourists are pouring into South Korea’s second-largest city in record numbers, and the city’s department stores are…

Egypt seeks greater S. Korean investment, deeper economic ties: envoy

Egypt is seeking to expand economic cooperation with South Korea and attract greater investment from Korean companies as it pursues sustainable development under its Vision 2030 strategy, the Egyptian ambassador…

KAI completes delivery of 6 T-50i trainer jets to Indonesia

South Korean defense firm Korea Aerospace Industries (KAI) Ltd. said Thursday it has completed the delivery of six additional T-50i advanced trainer jets to Indonesia. KAI signed a contract to…

Korea puts brake on leveraged chip ETFs

South Korea is tightening restrictions on single-stock leveraged exchange-traded funds tracking the country’s top chipmakers, which regulators have blamed for exacerbating market volatility, the Finance Ministry announced Thursday. The measures…