Yogiyo slashes delivery commission to 9.7%, leading the market
"Yogiyo's decision to lower its commission fee to 9.7 percent is likely to intensify competition among delivery platforms," said Lee Min-jung, a market analyst.
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South Korea’s ambitious dam plan faces public scrutiny
Residents are concerned about the environmental impact, including potential loss of biodiversity and disruption of local ecosystems, the displacement of communities and loss of agricultural land are pressing concerns for those who rely on farming for their livelihood.
SK Innovation posts significant Q2 losses amid weak oil prices; SK On continues to struggle
Revenue dropped by 6% to 18.7 trillion won, slightly surpassing the forecasted 18.4 trillion won. Net losses amounted to 120 billion won, better than analysts' predictions of 196.3 billion won in net losses.
North Korea’s Ministry of Social Security recruits workers for Russia
The recruitment drive is part of North Korea's broader strategy to support Russia amidst the ongoing conflict in Ukraine. By sending workers to help rebuild infrastructure in the Donbas region, North Korea aims to solidify its alliance with Russia while providing economic opportunities for its citizens abroad.
Liberal Democratic Party moves to impeach newly appointed KCC chief Lee Jin-sook
Lee Jin-sook, a seasoned journalist and former public relations director at MBC, was appointed by President Yoon Suk Yeol following the resignation of Kim Hong-il, who stepped down amidst threats of impeachment.
AmCham Korea urges regulatory reforms to boost appeal for global companies
AmCham's recommendations focus on reducing bureaucratic red tape, streamlining compliance requirements, and creating a more business-friendly environment. The report argues that these regulatory reforms are essential for South Korea to remain competitive in the global market and to attract foreign direct investment (FDI).
Qoo10 founder commits to resolving TMON and WeMakePrice liquidity crisis
Ku Young-Bae, renowned for his entrepreneurial acumen and strategic foresight, expressed a firm commitment to leveraging Qoo10's resources to restore stability and ensure the uninterrupted operation of TMON and WeMakePrice.
South Korea condemns deadly attack on Golan Heights, urges immediate ceasefire
The attack targeting an area of the Golan Heights, a region that remains a flashpoint in the ongoing conflict between Israel and Syria. Reports indicate that the assault resulted in multiple fatalities and injuries, exacerbating an already tense situation in the region.
NIS assures U.S.- ROK alliance intact amid indictment of North Korea expert Sue Mi Terry
Sue Mi Terry, a prominent analyst on North Korean affairs and a former CIA officer, was indicted on charges related to allegations of leaking classified information.
2.3 magnitude earthquake hits western North Korea
Residents in Kaesong and surrounding towns reported feeling the tremor, but initial assessments indicate there were no immediate reports of significant damage or injuries.
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