Chinese exports to the United States could face additional hike in tariffs from this proposed new rule by the U.S. Commerce Department. In a significant development the U.S. Commerce Department stated it proposes to impose anti-subsidy duties on products from… Read More ›
The development will alleviate short term liquidity problems for the airlines. Long term issues however will need to be dealt with. Asiana has taken on considerable debt. On Tuesday, South Korea’s finance minister Hong Nam-ki stated, South Korean creditors plan… Read More ›
The rollout of 5G in many countries along with newer upgraded models of smartphones could spur exports orders for the island nation. On Monday, data from Taiwan’s Ministry of Economic Affairs showed, its export orders fell for the fifth straight… Read More ›
The shortfall in the global oil pool as a result of this potential fall in supply from Iran, is likely to be met by increased production from Saudi Arabia. On Monday, oil prices surged to $74 a barrel, their highest… Read More ›
Creditors for debt-laden South Korean airlines will come up with a financial support plan either by late April or early May. On Tuesday, as per a statement from the Korea Development Bank, the principle creditor of Asiana Airlines, creditors are… Read More ›
The cut in the fine comes in the wake of a Supreme Court ruling. The Korea Fair Trade Commission has made it clear that it will not tolerate a “monopolist enterprise’s abuse of its market position …” On Thursday, South… Read More ›
The U.S. Commerce Department is slated to send a confidential report to U.S. President Donald Trump clearing the way for him to potentially impose tariffs on imported autos and auto parts on the grounds that they threaten U.S. national security…. Read More ›
The drop in its operating profits as well as the decline in its quarterly revenues are in line with its previous estimate. On Thursday, South Korea’s LG Electronics Inc reported a 80% drop in its operating profits, from a year… Read More ›
Automakers have warned that a rise in VAT rates for automobiles would significantly effect burgeoning car sales. According to the Russian branch of South Korean carmaker Hyundai Motor Co, the auto market in the country is likely to witness a… Read More ›
Swiss authorities have begun sharing account data with countries who meet international requirements on confidentiality and data security. This strategic move has placed Switzerland in fierce competition with fast-growing economies including Singapore and Hong Kong. In a significant development that… Read More ›
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