S. Korea’s economy grows 0.7 pct in Q2, on track for 4 pct growth this year

South Korea’s economy grew at a solid pace in the second quarter and is on track for a 4 percent expansion this year estimated by the central bank thanks to…

S. Korea, ASEAN to upgrade their FTA

— South Korea’s trade ministry said Tuesday it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers, as the country seeks to…

Samsung expands royalty-free program for small firms

— South Korea’s top tech giant Samsung Electronics Co. will open another batch of royalty-free technologies in line with the government’s efforts to promote shared growth among conglomerates and small…

Shinhan Financial Group net soars 43 pct in Q2

— Major South Korean financial holding firm Shinhan Financial Group Co. said Tuesday its net profit jumped more than 43 percent in the second quarter of the year with first-half…

Finance chief to issue public message over housing market

Finance Minister Hong Nam-ki plans to issue a public message about the housing market Wednesday, the finance ministry said Tuesday, as the government seeks to stabilize high-flying home prices. Hong…

Nearly 7 in 10 senior citizens want to work until 73: survey

– Nearly 7 in 10 South Korean senior citizens want to keep working until the age of 73 amid a rise in life expectancy, a survey showed Tuesday. The survey…

Samsung SDI Q2 net income up 504.5 pct. to 288.3 bln won

Samsung SDI Co. on Tuesday reported its second-quarter net profit of 288.3 billion won (US$250.5 million), up 504.5 percent from a year earlier. The company said in a regulatory filing…

E-Mart decides to buy bigger stake in Starbucks Coffee Korea

E-Mart Inc. said Friday it will acquire an additional 17.5 percent stake in Starbucks Coffee Korea for 474.2 billion won (US$412 million) to become the coffee chain’s largest shareholder. The…

IMF sharply ups 2021 growth outlook for S. Korea to 4.3 pct

The International Monetary Fund (IMF) on Tuesday sharply raised its 2021 growth outlook for South Korea to 4.3 percent as Asia’s fourth-largest economy is on a solid recovery track amid…

Verisk’s AIR Worldwide Enhances Extreme Event Models for Japan With Release of Updated Earthquake and Typhoon Models

BOSTON, July 27, 2021 (GLOBE NEWSWIRE) — Catastrophe risk modeling firm AIR Worldwide has announced the release of significantly updated AIR Earthquake and Typhoon Models for Japan. The past several years has reaffirmed the vulnerability of Japan to typhoons and earthquakes and prompted updates to AIR’s Industry Exposure Database, earthquake hazard and both earthquake and […]