Incheon International Airport is resuming the bidding process for duty-free retail spaces in Terminal 1. Six units are being made available, with a total of 6,131 square meters (65,993 square feet) of floor area hitting the market.
Passengers get on the Seoul City Tour Bus on Aug. 2 near Gwanghwamun Station in central Seoul, a day after the bus service resumed operations.
Exports of medical products, such as medicine, medical devices and cosmetics, increased by nearly 27 percent during the first half of this year.
An employee organizes cartons of milk on the shelves of a discount store in Seoul Monday after the dairy industry decided to freeze raw milk prices, which determine the price of dairy products, to ease the economic impact from the Covid-19 pandemic.
After larva-like organisms were spotted in tap water in Incheon earlier this month, sales of bottled water close to doubled over the past four days compared with the same period last week, at convenience stores near the area.
Air conditioner sales are rising thanks to the summer heat as well as the government’s massive sales discount event. Air conditioner annual sales have reached an all-time record of around 2.5 million units.
Raw milk prices, intended to be in place for two years starting Aug. 1, are due to be finalized Thursday after four rounds of talks between dairy farmers and dairy producers that started on May 29.
Korea Development Bank (KDB) has refused to throw SsangYong Motor the lifeline it desperately needs, pushing the cash-strapped company one step closer to its second restructuring in just over a decade.
The government on Monday announced a 300-billion-won ($248 million) loan guarantee program for small- and medium-sized companies in the automotive industry with low credit ratings. Hyundai Motor will chip in 10 billion won.
Owners of Nissan cars are expressing their frustration after the Japanese carmaker decided to permanently close its operations in Korea. Frustration has built up so much that some are even considering suing for damages.