economy
Seo Jung-jin, Chairman of Celltrion, has been reappointed as an inside director for another two years at the 34th regular general meeting of shareholders. Seo had previously stepped down from…
Last year, North Port’s cargo volume dropped by 21.8%. To secure stable cargo volumes, dock operators are selling shares to shipping companies. Recently, Wonhae Shipping acquired shares in North Port…
Consumer confidence in South Korea’s Gyeongnam region has slightly declined, according to the Gyeongnam Consumer Trends Survey by the Bank of Korea’s Gyeongnam branch. The Consumer Sentiment Index (CSI) for…
The South Korean government is considering revising two rental laws, including the abolition of the right to request lease renewal and increasing the cap on rent increases from 5% to…
Despite rising apartment prices, the number of ‘substandard apartments’ with defects like cracks and condensation is increasing. The construction companies with the most defects in the past six months were…
Shin Dong-bin, Chairman of Lotte Group, has been appointed as the CEO of Lotte Shopping, marking his return to the role after 12 years. The move signifies his commitment to…
The director of the Wolgok Jewelry Industry Research Institute, Oh Hyun-seong, has called for an expansion of the value-added tax (VAT) refund for physical gold transactions in South Korea. He…
Kim Hee-won, CEO of WeBoom Korea, has donated 100 containers of ‘Goatmilk’, a premium New Zealand goat milk brand, to Changnyeong-eup, Changnyeong County. The donation, worth 6 million KRW, is…
Jeong Jeom-gyu, CEO of Genbody Inc., a company that manufactures diagnostic medical devices, donated 50 million won to his alma mater, Geochang Daeseong High School. Genbody, established in 2012, was…
Before the expansion of the Land Transaction Approval System, 24 transactions occurred in Seoul’s Gangnam 3 Districts (Seocho, Gangnam, Songpa) and Yongsan District, with prices dropping by 600 to 800…