Page 8 - Korea Development News Today

What are crocodile tears? Cambridge Dictionary defines them as “tears that you cry when you are not really sad or sorry.” Merriam-Webster says they are “false or affected tears” as...

The South Korean government said Thursday that it will seek to normalize the business of Taeyoung Engineering and Construction, which applied for a debt-restructuring program on the same day, under the premise of the construction firm’s intense self-rescue efforts. Earlier in the day, Taeyoung E&C, the 16th-largest builder in the country in terms of construction capacity, applied for a debt workout with its...

The Korean economy is expected to be on track for a recovery in 2024 on rising exports, but sluggish growth looms large as higher-for-longer interest rates and sticky inflation could further hamper global growth and domestic demand, experts said Tuesday.

The South Korean economy is expected to be on track for a recovery in 2024 on rising exports, but sluggish growth looms large as higher-for-longer interest rates and sticky inflation could further hamper global growth and domestic demand, experts said Tuesday. South Korea has faced multiple economic challenges in 2023 posed by the global economic downturn caused by aggressive monetary tightening by major economies to...

Proposed Bill: Partial Amendment to the Software Promotion Act Proposed by Rep. Yoon Doo-hyun (People Power Party) ● This amendment aims to minimize quality problems in software projects by allowing companies to participate in public domain software projects based on capacity. It exceptionally allows large enterprises to engage in design and planning projects that are ordered separately from software development pro...

STX, a trading company owned by APC Private Equity (APC PE), launched a new platform named TrollyGo, Wednesday, for buyers and sellers worldwide to carry out transactions for raw materials and industrial goods online.

The three-year-old firm is understood to have engaged with investors in Asia and Europe.

North Korea has reportedly resumed its import of luxury goods, including high-end watches and designer clothes, despite international sanctions. South Koreas unification ministry stated that the volume of luxury products imported to North Korea from areas near its borders with Russia and China has recovered since the second half of last year. The goods are purchased by North Korean diplomats and company officials stationed in China, Russia, and Europe.

Despite a dry investment climate, it was able to secure what could be the biggest funding raise by a health tech company in South Korea this year.

Despite a dry investment climate, it was able to secure what could be the biggest funding raise by a health tech company in South Korea this year.