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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
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Audio report: written by reporters, read by AI
A planned visit by U.S. Secretary of the Navy John Phelan to Korea on April 30 will likely serve as a landmark event for bilateral shipbuilding cooperation, as the United States is pushing to seal a tariff-related deal at a quick pace.
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
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Audio report: written by reporters, read by AI
[NEWS ANALYSIS] The Donald Trump administration threw an unexpected curveball at the Korean delegation in the first round of face-to-face tariff talks in Washington on Friday by pushing to add currency policy to the agenda.
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Korea and the United States agreed to draw up a joint tariff-related deal, dubbed the July Package, by July 8, with a focus on four negotiation areas: tariff and non-tariff measures, economic security, investment cooperation, and currency policy.
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Audio report: written by reporters, read by AI
Korea's financial regulator found that MBK Partners, a major private equity firm in Korea, had planned the rehabilitation scheme of Homeplus “for quite some time,” handing the related evidence to the prosecutors.
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1 month ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Home > Business > Economy dictionary Audio report: written by reporters, read by AI The Donald Trump administration will likely redesignate South Korea on its currency-monitoring list given persistently large trade and current account surpluses with the United States over the past months, according to multiple economic experts.
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2 months ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Hanwha Aerospace announced a detailed investment plan centered around the United States on Tuesday after filing a revised capital increase plan worth 3.6 trillion won ($2.4 billion).
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2 months ago | 
koreajoongangdaily.joins.com | Lee Jae-Lim |Park Eun-Jee
Korea’s shipbuilding industry, recently thrust into the global spotlight amid repeated praise from U.S. President Donald Trump, has grown to match world-class standards over the past six decades — driven by strong government backing under former President Park Chung Hee and bold investments by major conglomerates.
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2 months ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Home > Business > Economy dictionary Audio report: written by reporters, read by AI The main Kospi index plunged below the 2,400 threshold on Monday, prompting the authorities to activate the sidecar mechanism and to place 100 trillion won ($73 billion) in stability funds at the ready. The won also sharply depreciated against the greenback to close at 1,467.8 won, up 33.7 won, marking the biggest one-day drop since March 19, 2020.
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2 months ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Foreign direct investment (FDI) pledges to Korea fell 9.2 percent in the first quarter from a year earlier amid economic uncertainties at home and abroad, the Ministry of Trade, Industry and Energy said Thursday. Korea received $6.41 billion worth of FDI commitments in the January-March period, compared with $7.05 billion logged a year earlier, according to the industry ministry.
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2 months ago | 
koreajoongangdaily.joins.com | Park Eun-Jee
Lotteria, a burger chain operated by Lotte Group's affiliate Lotte GRS, will raise the prices of its main products next week to pass higher costs onto customers, Lotte GRS said Friday. The franchise will raise the prices of 65 items, including 23 burgers, beverages and desserts, by an average of 3.3 percent from Thursday, the operating firm said in a press release.
