South Korea’s working hours decrease 10% over decade but still remains high
Despite the decrease, OECD data showed that South Korea was still high up on the list of hours worked per year, after Mexico, who topped the list with 2,128 hours.
Business
Singles Day reaping significant retailing bonanza for China
While the country has announced measures to optimize its Covid-19 rules, domestic consumption is expected to further gain growth momentum in the coming months.
Answers needed in curious case of FTX’s Singapore entity
FTX has filed for protection from bankruptcy as it owes billions to global users, wiping out hope that retail users can get any money back.
Indonesian firms cut staff, costs as global crisis hits home
Export-oriented industries are among the hardest hit, with many reporting sales plunging 30 to 50 per cent or even more, depending on their reliance on the overseas market.
Limit to renminbi’s rising popularity
The renminbi is now the world’s fifth most traded currency in terms of global foreign exchange (forex) turnover – up from the eighth spot in 2019.
Korea declares road map to become hydrogen industry powerhouse
The government will support businesses with hydrogen technology to enter overseas markets and expand both public and private investments.
Foreign food firms step up to lucrative Chinese dining table market
France is presently China's largest source of imported wines, and such exports from the European nation to China have been growing steadily in recent times.
South Korea plans to increase quota for Bangladeshi workers: Envoy
Ambassador Lee Jang-keun said as many as 5,200 Bangladesh workers are expected to go to Korea by the end of the year.
Itaewon businesses survey disaster’s aftermath
Itaewon, a mecca for shopping and tourist attractions, is home to some 2,184 stores, composed of 48.6 per cent retail businesses and 46.3 per cent restaurants and cafes.
Apec leaders, spouses to get 7 souvenirs showcasing Thailand’s uniqueness
The special souvenirs created for the upcoming Apec Summit aim to highlight Thailand’s bio-circular-green economic concept.