A First for This Year…KOSPI Breaks Through 2700
The Kospi index in South Korea surpassed the 2700 mark for the first time since August last year, due to halted reciprocal tariffs by the Trump administration and growing expectations…
SPC Halts Production of KBO Bread, Scraps Accident Equipment… Introduces Triple Shift System to Strengthen Safety
SPC Samlip has announced it will stop production of ‘KBO Bread’ and enhance its safety measures following a fatal accident involving a worker getting caught in machinery. The decision comes…
Korea GM Engulfed in Internal Strife, Union Declares ‘All-out Struggle’
Korea GM’s decision to sell assets, including nine nationwide direct service centers and idle land of the Bupyeong plant, has sparked rumors of a potential withdrawal from Korea. The company’s…
Prosecutors Raid HYBE Executive over Use of Non-public Information; Police and Financial Authorities Target Bang Si-hyuk
The Financial and Securities Crime Joint Investigation Team of the Seoul Southern District Prosecutors’ Office recently conducted a search at the headquarters of entertainment agency HYBE, investigating allegations of a…
Preview of E-Daily Newspaper: Fear of Low Growth Comparable to Financial Crisis Amid Export and Consumption Freeze
The E-Daily newspaper on May 30th reported on a range of topics including the fear of low growth comparable to the financial crisis, US court providing mutual tariffs for Trump,…
Bank of Korea Cuts Base Interest Rate by 0.25%p
The Bank of Korea’s Monetary Policy Committee (MPC) has cut the base interest rate by 0.25 percentage points from 2.75% to 2.50%, the fourth cut in seven months. The decision…
Bank of Korea Cuts Base Interest Rate by 0.25 Percentage Points
The Monetary Policy Board of the Bank of Korea has cut the base interest rate by 0.25 percentage points from 2.75% to 2.50%, marking the fourth cut in seven months.…
Preview of E-Daily Newspaper: Export and Consumption Freeze… Fear of Low Growth Comparable to Financial Crisis
The May 30th edition of E-Daily newspaper covers a range of topics including fears of low growth comparable to the financial crisis, US court providing mutual tariffs for Trump, record…
Bank of Korea Cuts Base Interest Rate by 0.25%
The Bank of Korea’s Monetary Policy Board (MPC) has cut the base interest rate by 0.25 percentage points from 2.75% to 2.50%, marking the fourth cut in seven months. This…
US MZ Cosmetics ‘Rhode’ Sold for 1.3 Trillion KRW, Making ‘This Person’s’ Wife Wealthy
Hailey Bieber’s skincare brand ‘Rhode,’ founded in 2022, has been sold to e.l.f. Beauty for approximately 1.3 trillion KRW ($1 billion). The acquisition is part of e.l.f. Beauty’s expansion into…