- The economy fell short of growing 0.7 percent from the previous quarter in the third quarter. Excluding construction investment and government expenditures, the remainder is a negative growth. The Bank of Korea said on October 25 that the third-quarter real gross domestic products have increased 0.7...
President Park Geun-hye on October 25 acknowledged that her close confidant Choi Soon-sil had involved in revising some of the Presidential speech drafts. Ms. Park held a press conference at the Spring and Autumn Pavilion in the Presidential Palace and apologized to the public for her mistake.She sa...
Shin Dong-bin, chairman of Lotte Group, said that his company would contribute to the national economy by investing 40 trillion won (US$35.4 billion) and hiring 70,000 new workers for the next five years. Mr. Shin said this in a press conference on October 25 at Lotte Hotel Seoul, adding, "In a situ...
Korea's institutional investors plan to invest 38.6 billion won to finance Air France's leasing of an aircraft. Air France is under the umbrella of Europe's largest airline group Air France-KLM. This is the first time among Korean institutional investors to make aircraft investment for a large Europ...
Korea ranked No. 5 in the World Bank's 2016 Doing Business rankings, down one notch from last year's when the country reached its peak of No. 4. In the corporate environment evaluation ranking issued by the World Bank on October 25, Korea ranked No. 5 behind New Zealand, Singapore, Denmark, and Hon...