Business Archives | Be Korea-savvy

Archive by category Business

SK to Develop International Standards to Measure Social Value in 3 Years

SK to Develop International Standards to Measure Social Value in 3 Years

SEOUL, Aug. 16 (Korea Bizwire) — SK Group has decided to work with other global corporations over the next three years to build international standards to measure the ‘social value’ generated by businesses. SK announced that the Value Balancing Alliance (VBA), a non-profit organization in Frankfurt, Germany, will begin carrying out the task of jointly [...]

Gov’t Mulls Imposing Tax on YouTube

Gov’t Mulls Imposing Tax on YouTube

SEOUL, Aug. 16 (Korea Bizwire) — The government has begun full-fledged discussions on levying taxes and funds for online video services, a so-called “YouTube tax.” The Ministry of Science and ICT recently asked the Korea Legislation Research Institute, a government-funded research institute, to carry out research projects on overseas trends of digital taxes, including YouTube [...]

Samsung’s Q2 NAND Market Share, Revenue Up Despite Industry Slump

Samsung’s Q2 NAND Market Share, Revenue Up Despite Industry Slump

SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co.’s share in the global NAND flash market and its revenue increased in the second quarter from a quarter ago thanks to demand recovery in some key products, an industry report said Friday. Samsung’s NAND shipments grew by 30 percent in the April-June period on the back [...]

S. Korean Card Spending on Japanese Goods Halves in Past Month

S. Korean Card Spending on Japanese Goods Halves in Past Month

SEOUL, Aug. 15 (Korea Bizwire) — South Koreans’ credit card spending on Japanese products has more than halved in the past month amid an escalating trade row between the two countries, government data showed Thursday. Korean consumers have staged a campaign against Japanese products and travel to the neighboring country since early July when Japan [...]

SK Innovation to Borrow 800 bln Won for Battery Business

SK Innovation to Borrow 800 bln Won for Battery Business

SEOUL, Aug. 15 (Korea Bizwire) – SK Innovation Co., South Korea’s biggest refiner, said Thursday it will borrow 800 billion won (US$658 million) overseas by next year to invest in car battery and battery separator plants. SK Innovation has increased in the battery business as it sees a new growth driver for the country’s third-biggest [...]

Campaign Encourages Koreans to Abstain from Online Orders to Give Delivery Workers Days Off

Campaign Encourages Koreans to Abstain from Online Orders to Give Delivery Workers Days Off

SEOUL, Aug. 14 (Korea Bizwire) — Recently, there has been a campaign on SNS to “not order parcels” so that delivery workers can get a proper rest. The move came after the Korean Confederation of Trade Unions (KCTU) proposed a campaign for the public to join forces to guarantee that workers would be able to [...]

Ulsan to Build Pipeline Between Hydrogen Supplier and Filling Stations

Ulsan to Build Pipeline Between Hydrogen Supplier and Filling Stations

ULSAN, Aug. 14 (Korea Bizwire) — The city of Ulsan plans to build South Korea’s first pipeline system to supply hydrogen. The city signed an agreement with six agencies and businesses including the Korea Gas Safety Corp. (KGS) on Tuesday to build pipelines between hydrogen filling stations and hydrogen supplier Deokyang Co., and establish a [...]