Page 12 - Chosun Com News Today : Breaking News, Live Updates & Top Stories | Vimarsana

March 17, 2021 11:30 Salaried workers rather than small businesses have been behind the steep surge in household loans since the coronavirus epidemic started. High earners were the heaviest borrowers, according to the Ministry of Economy and Finance. Financial authorities believe that high-income earners borrowed money to invest in stocks and real estate. According to the Bank of Korea, households owed banks W988.8 trillion in December of 2020, up more than W100 trillion on-year (US$1=W1,130). The cause of the surge was much debated, but according to data from the Korea Credit Bureau, the...

March 17, 2021 08:37 Statistics show that even in Korea the sports car has become a remedy for people's midlife crisis. Buyers in their 20s, who once favored subcompacts, are driving imported Mercedes, while those in their 50s and 60s are buying BMW sports cars and SUVs and Porsches. Startlingly, the largest customers segment for Minis are people in their 50s. The findings come from analysis of data from the Korea Automobile Importers and Distributors Association. ◆ Younger Buyers Favor Mercedes, Older Ones Sports Cars The BMW badge has legions of fans enamored of the handling and perfo...

March 17, 2021 10:16 Offline retailers are forging alliances with their online counterparts in a grab for a bigger slice of the burgeoning e-commerce market. E-commerce market leader Naver and staid retailer Shinsegage announced a W250 billion stock swap on Tuesday (US$1=W1,130). Naver said it will acquire W100 billion worth of Shinsegae International stocks and W150 billion worth of E-Mart shares. /Yonhap Industry insiders said the two companies struck the deal sooner than expected to respond quickly to a rapidly shifting industry landscape after Korean delivery giant Coupang's successf...

March 17, 2021 09:09 Things are looking promising for Ryu Hyun-jin of the Toronto Blue Jays ahead of the upcoming Major League Baseball season. He ranked sixth on the MLB Network's list of the top 10 starting pitchers of the season, ahead of seventh-placed Clayton Kershaw of the Los Angeles Dodgers. Ryu pitched four scoreless innings in an exhibition game against the Detroit Tigers in Florida on Monday, allowing just two hits. He threw 49 pitches with no walks and four strikeouts. "My first two games last season went badly, and I don't want to repeat that," Ryu said. "I want to be well prep...

March 17, 2021 08:22 Facebook has reached an agreement with Australia's News Corp under a new law that makes social media giants pay domestic news outlets for their content. The terms of the multi-year deal were not disclosed in Tuesday's announcement. The deal comes nearly one month after Australia's parliament approved a law that would allow a government arbitrator to decide the price a digital company should pay news outlets if the two sides fail to reach an agreement. News Corp Chief Executive Officer Robert Thomson said the agreement "is a landmark in transforming the terms of trade f...