economy
The European Union (EU) has imposed fines totaling around 700 billion won on car manufacturers, including Hyundai and Kia, for collusion aimed at saving costs associated with the disposal of…
Food companies in South Korea have been raising prices of items such as bread, coffee, ramen, and hamburgers, leading to a continuous upward trend in the consumer price inflation rate,…
Gyeonggi Province in South Korea is to provide KRW 50bn ($42m) in emergency special management funds to small and medium-sized enterprises (SMEs) affected by US tariffs. The initiative, the first…
Mirae Asset Group is set to redevelop the Four Seasons Hotel in Sydney, Australia, marking its first overseas development project since acquiring the property in 2013. The project involves transforming…
Incheon Metropolitan City is reviewing its youth employment policies in response to the increasing number of young people giving up on job hunting or leaving for other regions. The city…
E-commerce fulfillment specialist WeKeep has signed a cold chain logistics contract with IKEA Korea to store and manage the company’s fresh food products. The company plans to use an AI-based…
The Incheon FTA Trade Promotion Center, run by the Incheon Chamber of Commerce, will support 60 local small and medium-sized enterprises (SMEs) this year through the ‘2025 OK FTA Consulting…
Hwang Hyun-bae has been re-elected as Chairman of the Korea Federation of Small and Medium Business (KFSB) at a meeting held at the Incheon headquarters. The KFSB’s Incheon branch plans…
Hyundai Glovis is expanding its ‘contactless car selling’ used car purchase service nationwide in partnership with car-sharing platform Socar. The service will be extended to remote small towns and areas…
The volume of construction materials like sand and cement transported has dropped by around 40%, severely affecting the construction industry in the Seoul metropolitan area. The prolonged shutdown of Hyundai…