Archive for June, 2017

E-Mart Pulling out of China as Losses Mount

Superstore chain E-Mart will completely pull out of China, Shinsegae vice chairman Chung Yong-jin confirmed Wednesday.E-Mart opened its first store in China in 1997 and at its peak had 30 stores across China. But now only six remain, and an unofficial boycott over the stationing of a U.S. Terminal H… …

S. Korea's Trade Surplus with US Falls 36% This Year

[Economy] : South Korea’s trade surplus with the U.S. is declining.[more…] …

(4th LD) Moon revs up push to get extra budget for job creation

(ATTN: CORRECTS number in lead, typo in para 11) SEOUL, June 1 (Yonhap) — President Moon Jae-in on Thursday ratcheted up his push to secure a 11 trillion won (US$9.8 billion) extra budget for job creation, saying he would visit parliament to gain its …

Korea condemns truck bomb in Afghanistan

South Korea strongly condemned the latest deadly bombing in Kabul on Thursday, vowing to work with the international com …

Korean Businesses See Sales Up, Debts Down

Korean companies achieved improved their business results last year. Their sales took an upturn after two years of declining, with their operating profit-to-sales ratio reaching the highest level in six years. Their debt-to-equity ratio also fell to below 100 percent thanks to a decline in commodity prices and the recovery of the housing market. The Bank of Korea issued on May 30 an analysis of corporate performance for 2016. The analysis was conducted with 20,888 externally-au… …