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Newly Launched Tourism Organization Aims to Tackle Overtourism in Seoul

Newly Launched Tourism Organization Aims to Tackle Overtourism in Seoul

SEOUL, Aug. 21 (Korea Bizwire) — A recently launched tourism organization said Tuesday it will put efforts to resolve recent conflicts arising from overtourism in Seoul’s popular tourist destinations. The Seoul Tourism Organization set sail in May to lead medium to long-term tourism development of the capital city, it said. “We have been in talks [...]

LG’s Solar Module Biz Faces Hurdles amid U.S.-China Trade War

LG’s Solar Module Biz Faces Hurdles amid U.S.-China Trade War

SEOUL, Aug. 21 (Korea Bizwire) — LG Electronics Inc., which announced its plan to build a solar module factory in the United States, is currently facing hurdles in carrying out the project amid Washington’s move to slap heavy tariffs on Chinese parts, industry sources said Tuesday. According to the sources, the U.S. government declined a [...]

Sonos Announces Date for Fiscal Third Quarter 2018 Earnings Conference Call

Sonos Announces Date for Fiscal Third Quarter 2018 Earnings Conference Call

SANTA BARBARA, Calif., Aug. 20 (Korea Bizwire) — Sonos, Inc. (“Sonos”) (Nasdaq: SONO) today announced that after market close on Monday, September 10, 2018, the company will report financial results for the fiscal third quarter ended June 30, 2018 in a letter to shareholders, which will be made available on the investor relations section of [...]

Banks Post 20 Trillion Won in Interest Income, but Corporate Growth Slows

Banks Post 20 Trillion Won in Interest Income, but Corporate Growth Slows

SEOUL, Aug. 20 (Korea Bizwire) — Listed companies showed slower growth in net profits in the first half of the year, while banks raked in approximately 20 trillion won in interest fees alone. As the growth rate of listed companies was smaller, banks enjoyed a boom with interest income proving to be a significant driver [...]

SK E&C to Build Temporary Shelter for Laos Dam Victims

SK E&C to Build Temporary Shelter for Laos Dam Victims

SEOUL, Aug. 20 (Korea Bizwire) — South Korean construction firm SK Engineering & Construction Co. said Monday that it plans to complete the construction of temporary shelters by next month in southeastern Laos, which was hit hard by a devastating flood. SK E&C said the structures can accommodate about 150 households on a 10,000-square-meter area [...]