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HHI Expected to Join India’s Fleet Support Ship Project

HHI Expected to Join India’s Fleet Support Ship Project

SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Heavy Industries(HHI), South Korea’s leading shipbuilder, may participate in a project to build fleet support ships for India’s Navy, further expanding its presence in Asia’s third-largest economy, industry sources said Wednesday. According to the sources, India’s Ministry of Defense is anticipated to place an order for five fleet [...]

Korea’s Tax Revenue Growth Fails to Keep Up with Economic Expansion

Korea’s Tax Revenue Growth Fails to Keep Up with Economic Expansion

SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s tax revenue growth has failed to keep up with its economic expansion, a lawmaker said Wednesday, calling for the “normalization” of the country’s corporate income taxes. Citing a report by the National Assembly Budget Office, Rep. Park Kwang-on of the main opposition New Politics Alliance for Democracy said [...]

North Gyeongsang Province to Remove Slate Roofs Full of Asbestos

North Gyeongsang Province to Remove Slate Roofs Full of Asbestos

SEOUL, Sept. 1 (Korea Bizwire) – As Koreans’ concerns about the risks caused by asbestos increase, a local government in Korea plans to invest tens of billion of won in public funds to remove slate roofs full of the hazardous material. On August 31, the North Gyeongsang Provincial Government announced that it would invest 90 billion won [...]

No Need for Convenience Stores at Night with Food Delivery Available 24 Hours

No Need for Convenience Stores at Night with Food Delivery Available 24 Hours

SEOUL, Sept.1 (Korea Bizwire) – The operators of the food delivery application ‘Yogiyo’ announced that they have started a 24-hour service. The customer satisfaction center as well as the delivery service center, which were previously both open from 10 a.m. to 4:30 a.m. the next day, started a 24-hour service on August 17. Officials explained [...]