Tag: arirang

China to employ weather control system to ensure rice crop yield

China to employ weather control system to ensure rice crop yield

To ensure stability in its agriculture sector, China is not leaving things to Mother Nature. The Chinese government is planning to employ upgraded weather control systems in Heilongjiang, Jilin and Liaoning, the three provinces responsible for 54 percent…

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Samsung Electronics Q4 operating profit falls sharply on-quarter

Samsung Electronics Q4 operating profit falls sharply on-quarter

Samsung Electronics says its fourth quarter profits did not meet analysts’ expectations. The Korean firm’s operating profit jumped on-year,… but fell on-quarter,… which watchers say was probably down to sluggish demand for its smartphones and components. Kim Min-ji…

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Lotte Group founder Shin Kyuk-ho dies at 97

Lotte Group founder Shin Kyuk-ho dies at 97

the founder of Lotte group shin kyuk-ho died on a Sunday at the age of 97 his life was filled with ups and downs but there’s no doubt that he played a huge role in helping develop the…

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Alphabet becomes 4th U.S. company to reach US$1 tril. market cap

Alphabet becomes 4th U.S. company to reach US$1 tril. market cap

Google’s parent company alphabet has hit one trillion US dollars in market capitalization becoming the fourth US company to reach the threshold after Apple Amazon and Microsoft alphabet shares rose by 0.76 percent on Thursday on Wall Street…

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Bank of Korea to monitor financial markets on U.S.-Iran standoff

Bank of Korea to monitor financial markets on U.S.-Iran standoff

meanwhile the Bank of Korea pointed out there’s a possibility of increased volatility in the local financial and foreign exchange market due to the u.s. Iran standoff after a meeting Wednesday to gauge the possible impact of the…

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Chamber of commerce leader to focus on reviving civic role of big business

Chamber of commerce leader to focus on reviving civic role of big business

they’re one of the nation’s biggest associations for a business pledge to get companies more involved in reviving the economy in his new year message at an annual event park young man chairman of the Korea Chamber of…

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Gov’t to spend US$ 2.1 bil. on helping SMEs adopt smart factories, overcome failed ventures

Gov’t to spend US$ 2.1 bil. on helping SMEs adopt smart factories, overcome failed ventures

The government plans to support small-and-medium-sized businesses to help them adopt smart factory systems and enter the online marketplace. The Ministry of SMEs and Startups announced on Sunday it will inject some 2-point-one billion U.S. dollars into the…

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LG Electronics’ operating profit up 65.5% y/y in Q1

LG Electronics’ operating profit up 65.5% y/y in Q1

Less than a week since its local rival Samsung Electronics released their first quarter preliminary earnings… LG Electronics has unveiled its report card for the same period. On the back of robust home appliance sales, the numbers? Not…

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Local Businesses Lodge Complaint Against Electricity Price Hike [Arirang News]

Local Businesses Lodge Complaint Against Electricity Price Hike [Arirang News]

Expect electricity bills to go up next week. The government says the higher prices will rein in the growing use of electricity in the nation. Our Yoo Li-an reports on the fourth price hike in 17 months. Korean…

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Korea employs innovative solutions to tackle fine dust

Korea employs innovative solutions to tackle fine dust

Armed with science and technology, the Korean government is tackling the country’s fine and ultra fine dust problem as one of nine national research and development projects through the year 2023. The goal is to rid the air…

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