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Global Chip Industry to Grow 2.6 pct in 2019: Report

Global Chip Industry to Grow 2.6 pct in 2019: Report

SEOUL, Jan. 14 (Korea Bizwire) — The global semiconductor industry is expected to expand 2.6 percent on-year in 2018 on steady demand, despite an end to a super boom in the memory chip segment, a report showed Monday. According to the recent report from market researcher Gartner, sales of the world chip industry are projected [...]

Gov’t Asks Petrochemical Firms to Diversify Portfolios Ahead of Industrial Slump

Gov’t Asks Petrochemical Firms to Diversify Portfolios Ahead of Industrial Slump

SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s trade ministry on Tuesday urged South Korean petrochemical companies to diversify their portfolios to cope with the anticipated slump in the industry and overcome protectionism. The Ministry of Trade, Industry and Energy said the petrochemical industry is expected to experience a downturn after enjoying the previous three [...]

S. Korea’s Fashion Market Must Meet Personal Needs of Customers

S. Korea’s Fashion Market Must Meet Personal Needs of Customers

SEOUL, Dec. 28 (Korea Bizwire) — The year 2019 will become a challenging year for the fashion industry as consumers increasingly search for products that can maximize convenience while meeting a variety of individual preferences. The Samsung Fashion Institute announced ‘Act For Better Life’ as a new key phrase for next year’s fashion market. From [...]

Large Companies Stuck in a “Tunnel of Uncertainty” Due to Bleak Future Outlook

Large Companies Stuck in a “Tunnel of Uncertainty” Due to Bleak Future Outlook

SEOUL, Oct. 29 (Korea Bizwire) — A number of industries that propelled South Korea to its economic “miracle” are now headed downhill. The China-U.S. trade war, rising interest rates in the U.S., lowered labor productivity and other hurdles have large Korean corporations stuck in a “tunnel of uncertainty” in which companies are unable to accurately [...]

S. Korea’s Economic Growth Being Hurt by Weak Employment, Falling Investment

S. Korea’s Economic Growth Being Hurt by Weak Employment, Falling Investment

SEOUL, Oct. 28 (Korea Bizwire) – The South Korean economy is expected to post a weak annual growth for this year due to the country’s high unemployment rate coupled with the falling corporate investment, industry watchers said Sunday. The Bank of Korea recently revised down the growth target for 2018 to 2.7 percent from 2.9 [...]

S. Korea’s per-capita GDP Expected to Exceed US$40,000 in 2023

S. Korea’s per-capita GDP Expected to Exceed US$40,000 in 2023

SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s per-capita gross domestic product (GDP) is on track to surpass US$30,000 this year and expected to exceed $40,000 in 2023, a parliamentary report showed Thursday. According to the report by the National Assembly Budget Office (NABO), South Korea’s per-capital GDP is expected to reach $31,862 this year, [...]