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S. Korean Refiners Diversify Imports of Condensate over U.S. Sanctions on Iran

S. Korean Refiners Diversify Imports of Condensate over U.S. Sanctions on Iran

SEOUL, Aug. 8 (Korea Bizwire) — South Korean refiners and a petrochemical company have begun to increase purchases of ultralight crude from Qatar, the United States and other countries as they cut imports of Iranian condensate due to Washington’s sanctions on Tehran, corporate sources said Wednesday. SK Innovation Co., South Korea’s biggest oil refiner by [...]

Hotels Gain Business as Vacationers Seek Nearby Refuge from Summer Heat

Hotels Gain Business as Vacationers Seek Nearby Refuge from Summer Heat

SEOUL, Aug. 8 (Korea Bizwire) — Hotels in Seoul and its vicinity are showing higher occupancy this summer as vacationers take refuge from record heat at accommodations not too far from home, their business data indicated Wednesday. Resort-style hotel Banyan Tree Club and Spa Seoul said its package sales rose 3 to 5 percent this [...]

40 Entities Lauded for Positive Labor-Management Relations

40 Entities Lauded for Positive Labor-Management Relations

SEOUL, Aug. 7 (Korea Bizwire) — The Ministry of Employment and Labor announced yesterday that it had designated 40 entities as “corporations with excellent labor-management culture.” Among the companies honored are 15 large corporations, 13 SMEs and 12 public institutions. Petrochemical giant SK Energy was lauded for two internal programs that helped better labor-management relations [...]

Foreigners’ Presence in KOSDAQ Market Grows in 2018: Data

Foreigners’ Presence in KOSDAQ Market Grows in 2018: Data

SEOUL, Aug. 6 (Korea Bizwire) — Foreigners’ turnover in South Korea’s secondary stock market rose this year, while their proportion in the main bourse moved down, data showed Monday. The overseas investors took up 9 percent of the daily turnover in the tech-laden KOSDAQ market during the first seven months of the year, up 1.6 [...]

Samsung Ratchets up Lobbying in U.S. Adapting to Rising Protectionism

Samsung Ratchets up Lobbying in U.S. Adapting to Rising Protectionism

SEOUL, Aug. 5 (Korea Bizwire) – Samsung Electronics Co. is greatly increasing its lobbying efforts in the United States amid a rise in protectionist trends under the Donald Trump administration, industry sources said Sunday. Sources said the world’s largest maker of semiconductors and smartphones is relocating its Washington, D.C. office right next to Capitol Hill [...]