, Apple pays $84 million to settle anti-trust practices in South Korea
This may be just the tip of the iceberg with more governments and company organizations getting together to stop these bullying tactics by tech Behemoths like Apple, Facebook and Amazon.
, Korea antitrust chief criticizes Samsung Group’s ownership structure
Samsung Group is facing a fresh criticism about its ownership after the country’s antitrust chief on Thursday referred South Korea’s biggest conglomerate as unsustainable. …
, Samsung Will Set up a 500 Billion Fund to Support Small Businesses
Samsung Electronics, the South Korean electronics giant has said that it will set up a fund of a whopping 500 billion won, i.e. U.S. …
, South Korea K-city: World’s Largest Test-bed for Autonomous Driving
Uber, Mercedes, Tesla, General Motors, and many major players of the automobile sector are into the race of developing vehicles with the autonomous technology. …
, South Korea reveals $15bn extra budget to back slowing economy
After much anticipation, South Korea informed that it had prepared a 17.3 trillion won ($15.4 billion) extra budget aimed at spurring its recently fragile economy. Indeed, the Asia’s fourth economy has lately witnessed a slowdown in its economy due to the weakness of yen and escalating North Korean threats. All recent initiatives of the South Korean government are designed to boost the country’s economy and support its exporters.
, North Korea’s threats to have long-lasting impact on markets
North Korean threats have not only spread panic because of the political implications of probable military confrontation, but they have also already affected markets. South Korean officials underlined that the irrational political situation driven by the North Korean threats and rampage would have immense and long-lasting impact on markets. Indeed, the North Korea’s recent policy of aggressive steps might pose a threat to stability of the South Korea’s economy. Yet, South Korean officials have been instantly ensuring that they will take all required steps to stabilize the financial market.
, South Korea cuts its growth forecast as it plans stimulus
As it was widely anticipated, South Korea revised down its growth forecast for 2013 as the country’s exports suffered from decreasing global demand and the weakening yen. Moreover, the government of South Korea plans further stimulus to revive the economy.
, World’s Largest Artificial Solar-Powered Floating Island: Viva,Seoul
With a 700 seat convention hall, restaurants and arcades, all powered by solar energy, Seoul has launched what is likely to become South Korea’s …
, Japan’s Nuclear Crisis likened to Chernobyl. Asian Markets Fall.
Reports poured in about Japan’s nuclear crisis having now got bad enough to be equated with the Chernobyl disaster, causing a significant dip in …
, Japan’s Construction Index surges on Reconstruction Demand Prospects
Kajima, Taisei see Record Highs Japan’s largest construction firm, Kajima, rose 22% to 259 yen, the biggest increase since Oct. 14, 2008, while the …
, POSCO: The new Metal Heads in India
Monday turned out to be a great day for POSCO in India. The Environment Ministry of India has finally approved POSCO’s plans to set …
