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December, 6, 2016

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Business > Asia > Korea
South Korea's hotel scene is welcoming a new breed of players. Offering no-frills rooms and basic guest services at a relatively affordable price, budget hotels are springing up in Seoul's tourist-heavy neighborhoods of Myeong-dong, ...............
 
South Korea posted a record current account surplus for two straight years thanks to robust exports of technology products, state data showed Monday.
 
Sales of CCTV cameras have increased sharply after the government unveiled its plan to require all day care centers to install the surveillance devices, officials said Sunday.
 
South Korea's economy registered its slowest growth for more than two years in the fourth quarter, the Bank of Korea (BOK) said Friday, underlining recovery concerns despite record low interest rates.
 
South Korea's central bank on Thursday slashed its 2015 economic growth forecast and kept its benchmark interest rate unchanged at a record low amid growing concerns of deflation.
 
South Korean builders are expected to expand investment into the world's emerging markets this year as they seek ways to sustain growth amid tough market conditions in the Middle East, which previously was the top client for the industry.
 
South Korea lowered its growth forecast for next year, citing persistently weak sentiment among consumers and businesses. But the government predicted that overall economic conditions will improve from this year thanks to government measures, recovery in the U.S. economy and the fall in oil prices.
 
South Korea's nuclear power plant operator launched a two-day drill Monday to test its ability to thwart a cyberattack, after a series of online information leaks by a suspected hacker.
 
South Korea's FEZs eager for foreign investment
In order to spur investment and economic growth, the South Korean government recently started a large-scale promotional campaign to attract more foreign business into the country's eight free economic zones (FEZs).
 
Thanksgiving deals hit South Korea
South Korea does not celebrate Thanksgiving, but the hot deals at U.S. online retailers during the holiday season are changing the shopping habits of South Koreans who are aggrieved at marked-up prices of locally made and imported goods at hometown stores.
 
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