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Cities with large populations of older residents show greater vulnerability to climate change due to inadequate investment in green infrastructure and spaces such as parks and forests, according to a study conducted by the Korea Advanced Institute of Science and Technology on Tuesday. A research t...
Seven out of 10 retailers in Korea say they feel threatened by the rapid expansion of Chinese e-commerce platforms, especially the big three -- AliExpress, Temu and Shein -- an industry-wide survey found Monday. Of the 500 retailers surveyed by the Korean Chamber of Commerce and Industry, the nati...
South Korea's antitrust regulator has launched an inspection into China's Temu shopping app on suspicions of the retail platform's false advertising and other unfair business practices, officials said Monday. The Fair Trade Commission (FTC) recently sent documents to Temu for a probe to see if it ...
The next phase for True Balance may involve micro-insurance, reflecting user demand from True Balance users. Looking ahead, Lee envisions entering the deposit business, leveraging credit data from its ACS system. "Right now, with our monthly new loans reaching 50 billion won, we have borrowed 340 ...
Meanwhile, New Zealand's Ambassador to Korea Dawn Bennet also joined Wednesday's forum and shared her vision for the two countries’ future business cooperation and new opportunities for innovation. “We concluded the Korea-New Zealand free trade agreement in 2015, and since then, our relationship...
South Korea’s exports of cosmetics jumped around 22 percent on-year to hit an all-time high in the first quarter of this year, amid the growing international popularity of Korean culture, government data showed Tuesday. According to the Korea Customs Service, the country’s exports of cosmetic pr...
South Korea's foreign exchange reserves rebounded in March after a two-month decline, backed by deposits and investment gains offsetting the strong US dollar, the central bank said Wednesday. The country's foreign reserves had come to $419.25 billion as of late March, up $3.51 billion from the pre...
Financial regulators are ramping up efforts to encourage local companies to participate in the government's initiative to bolster South Korea's market valuation. The Financial Services Commission announced a series of new incentives on Tuesday for companies improving their governance structures, i...
Most South Korean users of recently burgeoning Chinese e-commerce platforms were dissatisfied with various aspects of their services despite their competitive pricing, a poll showed Monday. In the poll conducted by the Korea Chamber of Commerce and Industry recently on 800 consumers with experienc...
Despite such a rosy outlook, Korean investment firms face challenges in expanding their business in India. One significant hurdle is the stringent requirements for foreign retail investors to enter the market. "From opening an account to obtaining local taxpayer status and securing approval from ...
More South Korean consumers expressed dissatisfaction with their experiences shopping directly via online platform services based overseas last year, partly attributed to Chinese e-commerce platform AliExpress tapping deeper into the Korean market as well as greater demand for overseas travel among...
In the domestic market, attention is being directed towards the growth potential of M&A activities for small and medium-sized enterprises, also with initiatives planned to support the completion of M&A transactions by targeting companies with business succession plans. Regarding the international ...
Complaints filed against AliExpress, the e-commerce retail platform of China's Alibaba Group, in South Korea nearly tripled in 2023 from a year earlier, a state-run consumer organization said Friday. The number of complaints submitted to the Korea Consumer Agency (KCA) against AliExpress jumped to...
Korean institutional investors are pumping money into the Indian market to avail opportunities from the fastest-growing major economy’s robust domestic demand and infrastructure projects. With estimates suggesting the economy could expand by 7 to 8 percent this year and the Indian government's po...
In January, Hyundai announced a substantial increase in its investment in India, with an additional 1 trillion won invested in Talegaon. Together with its initial investment in Tamil Nadu, the total investment adds up to 4 trillion won. The new investment aims to transform the GM auto plant that H...
LG Chem eyes new leap into top science company
Korea enters clear growth path as Q1 growth hits 2-year high
Hyundai, Kia seek to boost presence in China market
7 out of 10 wealthy Koreans offer grim outlook for 2024
[KH Explains] Korean shipbuilding stocks rally: Real growth or bubble?
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India