(Photo=Hanwha Philly shipyard) Hanwha Group is no longer approaching the United States simply as a foreign shipbuilder looking to win export orders. The South Korean industrial conglomerate is building a broader maritime business that combines shipbuilding, shipping and U.S. industrial assets as Washington works to rebuild the country’s shipbuilding capacity. The latest step came this week when Hanwha Ocean, a

South Korea is trying to contain household debt by forcing banks to slow lending. The policy is now creating a different problem. People who need money for homes, rental deposits or other major expenses are rushing to borrow before banks tighten the door further. The country’s five largest commercial banks have already used about 80% of their combined household loan

The Bank of Korea said on July 13 that concerns over a peak in the semiconductor cycle are misplaced, arguing that surging demand from artificial intelligence infrastructure investment and slower supply growth will likely extend the global chip industry's expansion for a considerable period. In a written response submitted to lawmaker Park Sung-hoon of the ruling People Power Party, the

South Korean President Lee Jae Myung called for deeper economic cooperation with Mongolia during a business forum on July 9, urging the two countries to expand collaboration in critical minerals, infrastructure and advanced industries as they seek to strengthen trade and investment ties. Photo=president.go.kr Speaking at the Korea-Mongolia Business Forum in Ulaanbaatar during his state visit, Lee said the two

Korean paper money, won, and cash banknotes for financial and business transactions. Korean money as a background for your design South Korea's labor and business groups moved closer to an agreement on next year's minimum wage during negotiations on July 9, narrowing the gap between their latest proposals to about 53 U.S. cents an hour as a decision deadline approaches.