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State Council offers guidance over future consumption

The State Council has issued a guidance to further stimulate and improve the mechanism of...

OECD Slashes Korea's Growth Projection

The OECD on Thursday lowered its growth projection for Korea for this year from three...

China Development Bank stakes US$50 bn on African projects

The China Development Bank has provided more than US$50 billion in investment and financing to...

Tech Giants Struggle Among Young Consumers

Korea's top IT firms are trying hard to impress young people as their cachet threatens...

Food delivery app Meituan-Dianping debuts IPO

Meituan-Dianping, the Chinese food review and delivery giant backed by Tencent, has listed on the...

What can we learn from Jack Ma about his retirement?

Jack Ma Yun, founder of the giant Alibaba Group, claims not to be having too...

Xi’an to ban home sales that include school admission

Xi’an, a large city in central China, has forbidden real estate developers from linking home...

China’s integrated circuit sector needs time to build

It is estimated that in the next five years, China’s integrated circuit industry will “stand...

NDRC to park more than US$14.6 bn in digital future

The National Development and Reform Commission recently signed a cooperation agreement with the National Development...

Artificial Intelligence will create 58 million new jobs: forum

Although machines will replace more humans in jobs by 2025, there will still be a...

S.Korean Tycoons Meet N.Korea's Top Economic Official

South Korean tycoons who accompanied President Moon Jae-in to Pyongyang met North Korea's top economic...

Shanghai crackdown on illegal housing to continue

The Shanghai municipal government is cracking down on speculators in the housing market that are...

Fewer IPOs getting the green light amid tight restrictions

In 2018, only 53.46% of IPO applications were approved by the China Securities Regulatory Commission,...

Shenyang lures IPOs with four million yuan reward

Shenyang, the capital city of China’s northeast Liaoning province, has put forward a three-year plan...

The Unstoppable Rise of Vending Machines

Vending machines and self-service kiosks are on an unstoppable rise in Korea, and they sell...

Prices of Leased Homes Soar in Seoul

The market for homes rented on a jeonse or Korean-style deposit lease basis is also...