Business

In a dramatic turn of events, China's property titan, Evergrande Group, once hailed as the country's second-largest developer, lodged a bankruptcy petition in New York on Thursday. This move traces back to the severe debt crisis the company faced in 2021, which has since rippled across

South Korea, as a powerhouse in the global semiconductor industry, has recently launched an ambitious project, the "semiconductor cluster," set to invigorate its leadership position. A total of 120 trillion won will be invested in this project over the next decade, aiming to establish specialized industrial parks for

South Korea's construction industry is experiencing stark polarization amidst a real estate market downturn and rising Project Financing (PF) interest rates. Large-scale construction companies like Hyundai Construction, Daewoo Construction, DL E&C, and POSCO E&C have responded to these economic conditions by expanding overseas orders

In a significant announcement, Netflix has committed to invest $2.5 billion in South Korea over the next four years, marking an unprecedented investment in a specific country by the streaming giant. The South Korean Presidential Office actively promoted the decision, highlighting the investment as a breakthrough achievement. Discussions regarding

The South Korean semiconductor industry is increasingly concerned about the potential fallout from the escalating US-China semiconductor dispute. As the industry grapples with production cuts and falling prices, it now finds itself stuck in the middle of a geopolitical tug-of-war. According to recent reports, the US government has requested that

SEOUL, South Korea – A majority of South Korea's industries are expected to face declining performance in the first quarter of the year, as they struggle to recover from the effects of the COVID-19 pandemic and a global economic slowdown. The downturn comes after many sectors enjoyed a temporary