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August, 29, 2016

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Business > Asia > Korea
South Korea's industrial output declined for a second straight month in April, reflecting weak exports, government data showed Friday.
 
South Korea's Hyundai Motor said Wednesday it has become the first carmaker to offer Google's Android Auto system in its Sonata model sold in the U.S. market.
 
Samsung to merge two major units
SEOUL - Samsung Group announced Tuesday the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family.
 
More than 100 tech-savvy South Korean venture firms gathered last week at the Seoul-based startup conference beGLOBAL SEOUL 2015, as an outlet for fostering new business, market expansion and sharing industry insights.
 
South Korea accused Pyongyang on Monday of masterminding a work slow-down at the Kaesong joint industrial zone in a bid to push wage-rise demands for the 53,000 North Korean workers employed there.
 
The South Korean government plans to open up more local industries to foreign companies and cut red tape in greenbelt land use in its efforts to boost sagging foreign direct investment and revive the economy.
 
The smart watch hype is at its peak as two of the world's largest tech giants and archrivals -- Samsung Electronics and Apple -- step up their efforts to gain the upper-hand in a new round in a battle for the wrist.
 
South Korea chose a state-run aircraft maker on Monday as the sole preferred bidder for a contract to develop a midlevel fighter jet with the help of Lockheed Martin Corp. in the country's biggest-ever weapons development project.
 
South Korea's jobless rate rose to a five-year high in February as more college graduates and cash-strapped retirees flooded the increasingly tight job market, state data showed Wednesday.
 
South Korea's central bank made a surprise quarter-percentage point cut to its benchmark interest rate on Thursday, taking it to an all-time low of 1.75 percent, reflecting continued concerns over deflation and the pace of growth.
 
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