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South Korean scrap imports hit 15-year low in March 2015

SEOUL: As per the most recent data, the scrap imports by South Korea during the month of March this year dropped sharply over the previous year. Also, the scrap imports by the country during the initial three-month period declined when compared with the imports during the corresponding period a year ago. The imports during the month hit the lowest level ... Read More »

South Korean scrap imports hit 15-year low in March 2015

SEOUL: As per the most recent data, the scrap imports by South Korea during the month of March this year dropped sharply over the previous year. Also, the scrap imports by the country during the initial three-month period declined when compared with the imports during the corresponding period a year ago. The imports during the month hit the lowest level ... Read More »

South Korea expected to offer 33.1 trillion won in tax relief to support economic recovery

SEOUL: South Korea is expected to offer 33.1 trillion won (US$29.9 billion) in tax relief to support economic recovery this year, slightly up from last year, the finance ministry said Tuesday. The governments expected tax relief for this year was slightly higher than an estimated 33 trillion won in 2014, but smaller than the 33.8 trillion won in 2013, the ... Read More »

South Korea succeeds to win $29.9 billion tax relief in 2015

Seoul: South Korea is expected to offer 33.1 trillion won (US$29.9 billion) in tax relief to support economic recovery this year, slightly up from last year, the finance ministry said. The government’s expected tax relief for this year was slightly higher than an estimated 33 trillion won in 2014, but smaller than the 33.8 trillion won in 2013, the ministry ... Read More »

China releases two more South Korean drug offenders on bail

SEOUL: China has freed on bail an additional two South Koreans.  They were arrested late last year on charges of drug trafficking. The two suspects are among 14 South Koreans who were arrested in Guangzhou on Dec. 28 on suspicion of drug trafficking. China granted bail to 12 Korean suspects in late January. The move allows the suspects to freely ... Read More »

South Korean stocks tumble as Swiss move upsets market, KOSPI 200 sinks 1.21pc

SEOUL: South Korean stocks dropped more than 1 per cent on Friday morning, as Switzerland’s surprising decision to take out its currency cap started a wave of instability in financial markets universal. The Swiss franc’s return to a free-floating currency on Thursday sent global markets into turmoil, compounding jitters over plunging commodity prices and slowing global growth. The Korea Composite ... Read More »

South Korean won hits 2 months high against dollar

SEOUL: The South Korean won hit two-month high against the dollar on Monday morning, suspended for a three-day winning streak as an surprising drop in US wages prompted shareholders to cut long positions in the greenback. An otherwise solid US job report released on Friday was marred by a decline in average hourly earnings, weakening the case for an early ... Read More »

Wanted South Korean fishing boat turns up at Uruguay port

SOUTH KOREA: The wanted South Korean fishing boat that was been searched for by New Zealand, having cloaked up nearly half a million dollars in fines has been found in South America. Environmental group Greenpeace says Oyang 75, accused of pirate fishing internationally, is now at a dock in Montevideo, the River Plate capital of Uruguay. New Zealand courts have already ordered ... Read More »

South Korean stocks tumble on Greece worries, KOSPI slips 0.6%

SEOUL: South Korean stocks dipped on Tuesday, the last trading day of the year for local stocks, while political doubt in debt-loaded Greece dampened shareholders’ appetite for riskier property. Greece is set to hold snap elections after Prime Minister Antonis Samaras failed to get sufficient votes for his presidential nominee, possibly opening the way for the anti-austerity Syriza party to ... Read More »

Samsung’s dual SIM variant metal-clad Galaxy A5 listed on China website

BEIJING: Samsung’s dual SIM variant metal-clad Galaxy A5 has been listed on company’s China website. While South Korean giant had not declared the variant when it had unveiled the single-SIM Galaxy A5 smart phone last month, alongside the Galaxy A3. Listed on Samsung’s China website as the Galaxy A5 (SM-A5000), the smart phone comes with dual Nano-SIM support, and packs ... Read More »

Samsung to build mobile chips for Apple

South Korean company Samsung has won Apple’s contract of making 14-nanometer application processors. The Samsung has been producing mobile chips for Apple since launch of the first iPhone in 2007, but it has lost its position somehow in recent years. Before the launch of iPhone 6, Samsung made all of Apple’s ARM processors at Austin base. But as the technology gets ... Read More »

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