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Hyundai Heavy, Daewoo Shipbuilding win orders worth $4.9 bil. [June 04, 2008]
Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. said Wednesday (June 4) that they have won a combined US$4.9 billion worth of deals in the past week to build 30 vessels, including oil tankers and bulk carriers.
Doosan Heavy wins power equipment deals worth 1.14 tril. won [June 04, 2008]
Doosan Heavy Industries & Construction Co., Korea's largest power equipment maker, said Wednesday (June 4) that it has received two orders worth a combined 1.14 trillion won ($1.1 billion) for equipment to build plants in Korea and Thailand.
Samsung Electro-Mechanics to supply mobile modules to Intel [June 04, 2008]
Korean electronic parts maker Samsung Electro-Mechanics Co. said Wednesday (June 4) it has signed a deal with Intel Corp. to provide wireless modules for use in mobile devices from the U.S. company.
Korea to seek tax cuts to boost economy: minister [June 04, 2008]
The current difficulties facing Korea's economy stem mainly from rising oil prices, the nation's top economic policymaker said Wednesday (June 4), adding that the government will push for tax cuts and other stimulus measures aimed at boosting domesti...
Incheon airport named world's best again [June 03, 2008]
Korea's Incheon International Airport has been internationally recognized several times this year already, since it was named the world's best airport in the Airports Council International (ACI) Airport Service Quality Awards in April and named the w...
Korea to double efforts to tame inflation: official [June 03, 2008]
Korea will make every possible effort to tame inflation, a senior financial policymaker said Tuesday (June 3), raising expectations that the government might change its stance on a weak currency to lower inflationary pressure.
Korea plans to cut corporate taxes to spur economy [June 03, 2008]
Korea plans to lower corporate taxes earlier than scheduled in a bid to spur economic growth by bolstering investment and helping create more jobs, the government said Tuesday (June 3). The Ministry of Strategy and Finance said that it will cut the m...
Korea's May auto sales gain 5% on exports [June 02, 2008]
Korean auto sales rose in May led by Hyundai Motor Co. and its affiliate Kia Motors Corp., despite soaring oil prices, as demand from emerging markets boosted exports. Overall, sales of the country's five carmakers -- including GM Daewoo Auto & Techn...
Korea's inflation rate hits 7-year high in May [June 02, 2008]
Korea's consumer prices grew at the fastest rate in seven years in May on higher prices of energy and other commodities, breaching the central bank's inflation target range for a sixth straight month, a government report showed Monday (June 2).
Ship exports help Korea post $1 billion trade surplus in May [June 02, 2008]
A record surge in exports of ships in May helped Korea post its first monthly trade surplus in six months, a government report showed Monday (June 2). The Ministry of Knowledge Economy said exports rose 27.2 percent on-year to $39.49 billion last mo...
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