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Aug 25, 2024 | 
myemail-api.constantcontact.com | Michelle Ye Hee Lee |Mike Ives |Youmi Kim |Jo Jae-hee
Quotes of the Day: "The best way to examine truth is to examine things as they really are, and not to conclude they are, as we fancy ourselves, or have been taught by others to imagine." – John Locke "People often claim to hunger for truth, but seldom like the taste when it's served up..." – George R.R. Martin "I have a foreboding of America in my children's or grand children's time – – when the United States is a service and information economy; when nearly all the manufacturing industries...
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Dec 13, 2023 | 
english.chosun.com | Jo Jae-hee
Korea has suffered a trade deficit with its biggest market China this year for the first time in 31 years. According to the Ministry of Trade, Industry and Energy on Wednesday, Korea's exports to China totaled $114 billion in the first 11 months of this year, while imports amounted to $132 billion, resulting in an $18 billion deficit. The monthly trade balance began with a $3.9 billion deficit in January and stayed in the red since.
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Dec 10, 2023 | 
english.chosun.com | Jo Jae-hee
The prices of gasoline and diesel have dropped for the ninth consecutive week at Korea's gas stations. According to Korea National Oil Corporation on Sunday, gasoline prices fell W14.7 to W1,626.6 per liter in the first week of December while diesel fell W21.2 to W1,563.8 (US$1=W1,307).
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Dec 3, 2023 | 
english.chosun.com | Jo Jae-hee
Gasoline and diesel prices have been falling for eight weeks at Korea's filling stations. According to Korea National Oil Corporation on Sunday, gasoline prices fell by W18.9 nationwide in the last week of November, reaching W1,641.2 per liter (US$1=W1,306). That was approximately 8.6 percent lower than in the first week of October, which was the highest weekly average of the year at W1,795.99. Men fill up their cars at a gas station in Seoul on Sunday.
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Nov 15, 2023 | 
english.chosun.com | Jo Jae-hee
Nine out of 10 small and medium-sized enterprises that will be covered by tougher industrial accident laws from next year are pleading for a longer grace period. In a survey of 641 SMEs with a staff of fewer than 50 released by the Korea Chamber of Commerce and Industry on Wednesday, 89.9 percent stressed the need to extend the grace period for implementation that runs out on Jan. 26. Under the laws that went into effect on Jan.
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Nov 6, 2023 | 
english.chosun.com | Jo Jae-hee
Self-service gas stations outnumber the serviced kind for the first time in Korea. According to the Korea National Oil Corporation, self-service gas stations where customers must fill up their own tanks made up 52 percent of all 10,865 gas stations at the end of last month. The increase is mainly due to a sharp rise in labor costs as the minimum wage jumped, and it has become difficult to find part-timers. Many serviced gas stations have converted to self-service.
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Nov 3, 2023 | 
english.chosun.com | Jo Jae-hee
Low-cost carriers are bracing themselves for Korean Air's acquisition of a controlling stake in rival Asiana Airlines. To appease monopoly concerns from the EU, Asiana accepted a proposal to sell off its cargo division, and Korean Air will cede some of its European routes to budget carrier T'way Air. Korean Air also plans to merge budget carriers Air Busan and Air Seoul, both owned by Asiana, with Jin Air, its own no-frills daughter.
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Oct 18, 2023 | 
english.chosun.com | Jo Jae-hee
The U.S. government's new curbs on semiconductor exports are not expected to have a huge impact on Korean chipmakers. In October last year, the U.S. government banned exports to China of cutting-edge semiconductors and manufacturing equipment, and now it has reinforced them. "The U.S. Department of Commerce on Tuesday announced revised regulations on exports to China... but the impact on Korean businesses is not expected to be huge," the Ministry of Trade, Industry and Energy said Wednesday.
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Oct 12, 2023 | 
msn.com | Jo Jae-hee
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Oct 12, 2023 | 
english.chosun.com | Jo Jae-hee
Korea Hydro and Nuclear Power is bidding to remodel an aging nuclear power plant in Romania. KHNP said on Thursday that it joined a consortium with Canada's Candu Energy and Italian turbine and generator designer Ansaldo Nuclear to remodel the Cernavoda power plant in Bucharest for Romanian operator SN Nuclearelectrica.
