Category: South Korea Market

Instantly update and podcast South Korea Market News and Analysis from varies financial media. NonSell.com summarize all South Korea market news and provide a sitemap with financial news summary & link to latest South Korea Market News for the one who wanted to catch up South Korea Market change in timely manner.

Philip Morris Korea wins legal battle against tax authority over trademark fees

(Philip Morris Korea)Philip Morris Korea has won a legal battle worth billions of won against the country’s tax authority over trademark usage fees, according to legal sources.The Seoul Administrative Court on Monday ruled in favor of the South Korean unit of the international tobacco company, ordering a tax imposed by Seoul Main Customs worth 9.82…

Portion of male births of newborns hits record low last year

SEOUL, March 1 (Yonhap) — The portion of male births of the total newborns in South Korea declined to a record low last year, data showed Monday, in the latest sign that traditional preference for male children has waned. The ratio of baby boys to every 100 newborn girls came to 104.9 last year, down from 105.5 the previous year, according to preliminary…

[Graphic News] Online food sales see explosive growth in S. Korea

South Korea’s online food market posted explosive growth in 2020 from a year earlier due to the fallout from the coronavirus pandemic, data showed.The value of online food transactions in Asia’s fourth-largest economy came to 43.4 trillion won ($39.2 billion) last year, up 62.4 percent from a year earlier, according to data from Statistics Korea…

Exports recovery on roll in Feb. on chip sales, global vaccination projects

SEOUL, March 1 (Yonhap) — South Korea’s exports rose 9.5 percent in February from a year earlier to extend their gains for the fourth consecutive month on robust shipments of chips, with global COVID-19 vaccination projects also set to speed up the recovery of the business sentiment. Exports came to US$44.8 billion last month, compared with $40.9…

(LEAD) Exports recovery on roll in Feb. on chip sales, outlook bright for further improvement

(ATTN: RECASTS headline, lead; ADDS details throughout) By Kang Yoon-seung SEOUL, March 1 (Yonhap) — South Korea’s exports rose 9.5 percent in February from a year earlier to extend their gains for the fourth consecutive month on robust shipments of chips, autos and other key products, data showed Monday. Exports came to US$44.8 billion last month,…

(EDITORIAL from Korea JoongAng Daily on March 1)

The Special Act on New Gadeok Airport was passed in a plenary session of the National Assembly last Friday. The passage took place just three months after the bill was proposed in November. The ruling Democratic Party (DP) overwhelmingly approved it while the opposition People Power Party (PPP) was split between members from South and North Gyeongsang….

(EDITORIAL from Korea Times on March 1)

Pinnacle of populismNew airport project denounced as pork barrel The ruling Democratic Party of Korea (DPK) has set a bad precedent for a pork barrel project by approving a bill at the National Assembly on building a new airport in Busan. On Friday, the controversial bill was passed through the Assembly’s plenary session in a 181-33 vote with 15 abstentions….

(EDITORIAL from Korea Herald on March 1)

Tax populismKorea’s ballooning public spending cannot be sustained by increasing taxes on the rich, big firms A senior lawmaker of the ruling Democratic Party of Korea said during a parliamentary session last month that the issue of tax hikes should now be put to public debate. Following the suggestion, other party legislators have put forward numerous…

S. Korea, Switzerland agee to extend currency swap deal for 5 years

SEOUL, March 1 (Yonhap) — South Korea and Switzerland have agreed to extend their bilateral currency swap deal that helps expand financial exchanges between the two countries, Seoul’s central bank said Monday. The 11.2 trillion-won (US$10.1 billion) currency swap, which had been scheduled to expire today, will be put in place for another 5 years,…

(5th LD) New virus cases below 400 on fewer testing; virus curbs extended for 2 more weeks

(ATTN: ADDS details in last 2 paras) SEOUL, Feb. 28 (Yonhap) — South Korea’s daily new coronavirus cases fell below 400 on Sunday, partly due to fewer testing over the weekend, as the country launched its first mass vaccination campaign last week. The country reported 356 more virus cases, including 334 local infections, raising the total caseload…

(4th LD) New virus cases below 400 on fewer testing; virus curbs extended for 2 more weeks

(ATTN: ADDS details in last 2 paras) SEOUL, Feb. 28 (Yonhap) — South Korea’s daily new coronavirus cases fell below 400 on Sunday, partly due to fewer testing over the weekend, as the country launched its first mass vaccination campaign last week. The country reported 356 more virus cases, including 334 local infections, raising the total caseload…

(3rd LD) New virus cases below 400 on fewer testing; virus curbs extended for 2 more weeks

(ATTN: ADDS details in paras 11-13) SEOUL, Feb. 28 (Yonhap) — South Korea’s daily new coronavirus cases fell below 400 on Sunday, partly due to fewer testing over the weekend, as the country launched its first mass vaccination campaign last week. The country reported 356 more virus cases, including 334 local infections, raising the total caseload…

(2nd LD) New virus cases below 400 on fewer testing; virus curbs extended for 2 more weeks

(ATTN: ADDS details in paras 6-9, new photos) SEOUL, Feb. 28 (Yonhap) — South Korea’s daily new coronavirus cases fell below 400 on Sunday, partly due to fewer testing over the weekend, as the country launched its first mass vaccination campaign last week. The country reported 356 more virus cases, including 334 local infections, raising the total…

Fashion brand Badblood under fire for ‘blackfishing’ on Instagram

Women’s loungewear brand Badblood has been forced to apologize for darkening the skin of one of its models amid accusations of blackfishing.In a recent Instagram post, the brand offered its “sincere apologies” and asked for the “benefit of the doubt” after taking down the controversial post.“By increasing the contrast between our clothes…

Bill aims to compensate SMEs for losses from virus restrictions, starting in July

Small businesses and microenterprises that have suffered due to COVID-19 and the accompanying restrictions could be eligible for government subsidies as early as July, as the legislative process is underway.According to officials with the ruling Democratic Party of Korea and the government on Sunday, their representatives were currently fine-tuning…

Celltrion founder’s first son to join boardroom

Celltrion’s headquarters in Incheon (Yonhap)Celltrion founder and Chairman Seo Jung-jin’s eldest son Seo Jin-seok is expected to obtain a seat in the company’s boardroom next month, industry sources said on Sunday. Celltrion is to finalize the appointment of the junior Seo as representative director at the shareholder meeting scheduled on March…

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