SEJONG, Oct. 31 (Korea Bizwire) — South Korea’s industrial output for September posted its biggest drop in 19 months due to a fall in auto and electronic parts production, government data showed Wednesday, raising concerns that the economy is on the brink of a slowdown. Production in the mining, manufacturing, gas and electricity industries backtracked [...]
ROME, Jan. 19 (Korea Bizwire) – Italy’s antitrust authority has launched a probe on Samsung Electronics Co. of South Korea and Apple Inc. of the United States on suspicions that the two tech giants slowed down their older model smartphones intentionally to induce users to buy new ones. The agency on Thursday said the two [...]
SEOUL, Nov. 9 (Korea Bizwire) – China’s economic slowdown is feared to have a significant negative impact on the South Korean economy that is highly dependent on the neighboring country for its exports, a leading state think tank said Monday. In a report on the world’s second-largest economy, the Korea Development Institute (KDI) said that [...]
SEOUL, Sept. 8 (Korea Bizwire) – As the prospect that China will go through a much more severe economic slowdown than expected is spreading, concerns about the impact this will have on the Korean economy are growing. Korea has a bigger dependency on China compared to other countries. According to a report issued by The [...]