Articles by 박윤아
Police raid CJ Hellovision on false tax returns
[ THE INVESTOR ] Police raided the headquarters of CJ Hellovision on Oct. 5 over a suspicion of fabricated tax returns worth 23 billion won (US$20.60 million). CJ Hellovision may have overstated...
October 5, 2016
Gov’t, ruling party consider bulk-purchasing rice
[ THE INVESTOR ] The South Korean government and the ruling party consider purchasing rice surplus in bulk to control falling prices. “We urged the government to purchase the surplus production in...
New CEO pledges to transform KRX into holding firm
[ THE INVESTOR ] The new head of Korea Exchange on Oct. 5 vowed efforts to transform the South Korea’s bourse into a holding company with subsidiaries. “Given internal and external necessities, a ...
Prices of DRAM, NAND chips to rise in Q4
[ THE INVESTOR ] The prices of DRAM and NAND flash memory chips will increase in the fourth quarter thanks to the rising demand for laptop computers and a supply shortage in the NAND flash market, ...
Low tax rate spurs parents to gift assets to children
[ THE INVESTOR ] Many South Korean parents have given assets to their children riding on the country’s low effective gift tax rate, an opposition lawmaker said on Oct. 5. In a report based on data...
FSC chief pushes for pay reform
[ THE INVESTOR ] South Korea’s top financial regulator affirmed on Oct. 5 that the performance-based pay for local bank workers should take effect. “It’s an indispensable financial reform task,” Y...
Korea Sale Festa revitalizes retail industry
[ THE INVESTOR ] A nationwide shopping festival, Korea Sale Festa, has boosted retail sales after its launch on Sept. 29, data showed on Oct. 5. The massive shopping campaign aims to tie up the re...
GM Korea exports locally made Malibu sedans to Mideast
[ THE INVESTOR ] GM Korea has started exporting its all-new Malibu midsize sedans built in South Korea to the Middle East, industry sources said on Oct. 5. The local unit of General Mortors shippe...
Inflation rate hits 7-month high
[ THE INVESTOR ] South Korea’s inflation rate hit 1.2 percent in September, the highest in seven months, according Statistics Korea on Oct. 5. The figure had stayed below the 1 percent level four ...
Fresh FDI pledges in Korea hit record high
[ THE INVESTOR ] New foreign direct investment pledged to South Korea rose to a record high in the first nine months of the year, according to the government on Oct. 4 Fresh FDI committed to the c...
October 4, 2016
BOK cautious on currency redenomination
[ THE INVESTOR ] The South Korean Central bank remained wary on Oct. 4 for a redenomination of the Korean won. “A cautious approach is needed for a redenomination due to heightened economic uncert...
Hyundai Heavy signs MOU with Saudi Electricity
[ THE INVESTOR ] Hyundai Heavy Industries said on Oct. 4 that it has signed a memorandum of understanding with Saudi Electricity to strengthen its partnership in the Middle Eastern country’s elect...
Samsung files patent for bendable display in US
[ THE INVESTOR ] Samsung Display has registered for a patent for technology to manufacture bendable displays in the United States, industry sources said on Oct. 4. The technology would allow the o...
Savings bank deposits surge in Korea
[ THE INVESTOR ] The savings bank deposits in South Korea have nearly doubled over the past two years, data showed on Oct. 4. According to the data by the Korea Deposit Insurance Corp., deposits o...
Hyosung to ramp up spandex output in Turkey
[ THE INVESTOR ] South Korean synthetic fiber manufacturer Hyosung , said on Oct. 4 that it plans to ramp up its spandex production in Turkey to cope with rising demand in Europe and the Middle ...
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