Asia’s budget airlines bracing for cut-throat competition in South Korea this year
Tweet The low-cost airline battle for key routes into Seoul is heating up and price wars look set to break out. Carriers from China and Japan are seeking to launch new…
Korean chaebol-run cafes accused of anti-competitive behaviour
Tweet The new generation now running the sprawling industrial conglomerates of Korea, are shunning manufacturing and heavy industry in favour of cafes and high-end retailers. Korea’s Chaebol are family conglomerates…
South Korea’s Q4 economic growth slows
Tweet South Korea’s central bank said Thursday that in the fourth quarter of 2011, the country’s economic growth slowed. According to the bank, this was attributed to fragile domestic demand…
South Korea lifts Canadian beef imports ban
Tweet Canadian cattle farmers can now breathe a sigh of relief after South Korea lifted a ban it had imposed on beef from the North American country nine years ago…
Kia’s small electric car to hit the streets of Korea
Tweet A small all-electric car from a Hyundai Motor Co. affiliate , Kia Motors Corp, has finally hit the streets of South Korea. Kia unveiled the car on Thursday and…
South Korean October retail sales see strong recovery with growth of 5-8%
Tweet A South Korea government report released on Thursday showed that sales at the country’s major departmental stores and outlets grew in October due to solid demand for luxury goods…
South Korean Banks rush to secure long term financing
Tweet Long term foreign borrowing by South Koreans banks soared in October eliciting fears of a possible foreign currency crisis from local lenders, a financial watchdog said Monday. In an…
LG is latest consumer electronics firm to post a loss
Tweet Another day, another report of losses from Asian consumer electronics firms. On Wednesday LG Electronics, the world’s third-largest mobile phone manufacturer and the number 2 TV manufacturer announced it…
North Koreans find private food relief
Tweet Mrs Choi, a North Korean housewife, calculated a DVD player would cost her 15 rabbits. DVD players are worth the expense, she reasoned, as they allow people in the…
