GM launches Trax Crossover in S. Korea
General Motors Co. (GM) on Wednesday began to sell the Trax Crossover in South Korea following its launch in the U.S. market late last year.GM plans to fully operate…
March 22, 2023
Dongwon’s takeover bid for vaccine maker falls through
South Korean seafood company Dongwon Industries Co.'s bid to acquire a local vaccine maker fell through due to unspecified reasons, according to company officials said Thursday.Boryung Biopharma Co. has…
Population mobility lowest in 29 years in Feb. amid home market slump
The number of South Koreans moving to other regions fell to the lowest level in 29 years in February, data showed Wednesday, as higher borrowing costs and economic uncertainties…
Childbirths sink 6 pct to fresh low in Jan.
The number of babies born in South Korea dipped to yet another fresh low in January, data showed Wednesday, reflecting the dire population crisis in Asia's fourth-largest economy.Just 23,179…
Banks’ bad loans up in Q4 on rise in overdue biz loans
South Korean banks' nonperforming loans expanded in the fourth quarter from three months earlier on a rise in overdue corporate loans, data showed Wednesday.Bad loans held by local banks…
Foreign currency deposits shrink sharply in Feb. on declined corporate savings
Foreign currency deposits shrank at the fastest pace in about 11 years in February on decreased corporate savings, central bank data showed Wednesday.Residents' outstanding foreign currency-denominated deposits reached US$97.52…