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Sun, October 24, 2021 | 09:33
Anti-trust agency redefining roles
The nation’s anti-trust watchdog is redefining its roles. The strong advocate of fair market competition is now also making efforts to protect customers and promote fair trade between small and large enterprises.
People spend less after ferry accident
Kim Jin-su, a 36-year-old office worker in Seoul, has stopped hanging out with his friends to drink and dine after work. He said the idea of having fun makes him feel guilty after the recent sinking of the ferry Sewol.
Ssangyong increases overseas sales
Ssangyong Motor has been rapidly increasing its foothold in overseas markets, branding itself as an SUV specialist.
Firms cancel marketing events to mourn for victims
The business community is delaying or canceling marketing events as the nation is gripped by sorrow over the sinking of the ferry Sewol.
External risks weigh on economy
The slower growth of Korea’s main trading partners has emerged as a main near-term risk to the country’s economy rather than domestic factors, the International Monetary Fund (IMF) said Friday.
NongHyup threatens big 3 insurers
NH Nonghyup Insurance has been quickly increasing its presence in the local market, changing the deep-rooted oligopoly by the so-called “big three” life insurers - Samsung, Hanwha and Kyobo.
AIA Life Korea to host music festival in Aug.
AIA Life Korea said Thursday that it will host a music festival in Seoul in August, featuring top global artists such as Lady Gaga and Psy.
SAP Korea avoids regulatory sanctions
The country’s anti-trust watchdog has decided not to punish the Korean unit of German software giant SAP for unfair business practices.
Citibank may sell main office building
Citibank Korea may put its main office building in Seoul up for sale, sources said Wednesday.
Financial firms face credibility crisis
Major banks and other financial firms are facing a credibility crisis in the wake of a series of massive corruption and data-theft cases in recent months.
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