- 1Q Household Credit Increases by 12 Tril. Won to 1,100 Tril. Won
- The household credit balance has approached the 1,100-trillion-won level as of the end of March this year. According to a report "1Q 2015 Household Credit" published by the Bank of Korea on May 27, the first-quarter balance of household credit was 1,099.3 trillion won, up 1.1 percent (11.6 trillion ...
Chinese Gov't Approves POSCO's Finex-based Steel Mill in Chongqing 2015-05-27 13:42
POSCO said on May 27 that the Chinese government approved on the 22nd a joint project to build an integrated steel mill with an annual capacity of 3 million tons in the southwestern city of Chongqing based on POSCO's proprietary "Finex" technology. The Korean steel maker has waited for Chinese appro...
CJ O Shopping Knocks on Mexican Home Shopping Market 2015-05-28 07:51
CJ O Shopping, one of Korea’s leading home shopping channels, is making forays into Mexico’s home shopping market. The company announced on May 26 that it will establish a joint venture Televisa CJ Grand with Televisa, the largest media group in Latin America, and launch a TV home shopping service...
Convenience Store Sales Up 28.4% in April 2015-05-27 19:08
Convenience stores enjoyed more than a 28-percent growth in April sales thanks to the increase in their gains arising from the hike in cigarette prices. During the same period, department stores also marked a slight increase in sales but discount stores suffered a decline in sales. The sales of larg...
New K5 Adopts Wireless Smartphone Charging System 2015-05-27 19:07
Kia Motors has mounted its brand-new K5 with a wireless smartphone charging system, first among Korean-made cars. The new K5 is also equipped with an automatic emergency brake system, first among the nation’s mid-sized sedans. Kia Motors showed off the internal image and new technologies used for t...