Business News

Attendance at Korean Theme and Water Parks Decreased Sharply Last Year

Attendance at Korea's major theme parks and water parks were down significantly from 2017.

AD STARS 2019 Extends its Entry Deadline Until May 31

AD STARS 2019 has announced it has extended this year’s entry deadline until Friday 31st May 2019.

“Zero Pay” Payment System Available at Convenience Stores Around Busan

The Busan Ministry of SMEs and Startups said yesterday that the state-sponsored 'Zero Pay' mobile payment system is now available for customers to use at more than 2,400 convenience stores in Busan including CU, GS25, Seven Eleven, and Mini Stop. 

Renault Moving Twizy Production to Busan

The City of Busan signed a memorandum of understanding (MoU) with Renault Samsung Motors (RSM) and Dongshin Motech (DST), one of the automotive body parts suppliers for Renault Samsung, to relocate their electric vehicle factory to Busan to produce the Renault Twizy, an electric minicar, in its Busan plant.

How Blockchain Projects Around the World are Turning to Korea for Global Reach

Continuing the recent expansion into Korea, on November 9th, Primas held an offline meet-up in Seoul. In attendance were hundreds of blockchain enthusiasts, investors and representatives from research institutes across the country.

More Bad Economic News as KOSPI Falls to Almost Two Year Low

Seoul shares fell below the psychologically important 2,000 mark today as foreign and retail investors dumped stocks amid a lack of upside momentum. The won rose against the U.S. dollar. 

Korea Bans Fire-Prone BMW’s Under Recall that Haven’t Been Inspected

A total of 39 engine-related fires in BMW cars, mostly the best-selling 520d sedan, have been reported this year in South Korea. Fortunately, no injuries nor fatalities have been reported thus far.

Vice President of Korea Aerospace Industries Found Dead Amid Scandal Allegations

The Vice President of the troubled Korea Aerospace Industries Co. has committed suicide police said

Kakao to Launch Smart Speaker ‘Kakao Mini’ Later this Month

The company behind South Korea's ubiquitous mobile messenger app KakaoTalk is launching its own smart speaker, the Kakao Mini, will be available for pre-orders later this month.

As Sales Drop 41 Percent in First Half of 2017, Hyundai Replaces CEO in China

The appointment is effective immediately with Tao replacing Chang Won Shin who will return to Hyundai Motor headquarters in Seoul.

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