Over 4 million college graduates were out of the labor force and not seeking employment in the first half of this year, government data showed, Sunday. According to Statistics Korea, the number of college graduates that remain economically inactive came to 4.06 million, up 72,000 from the year before. The year-on-year increase of over 70,000…
Month: July 2024
Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage
A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft devices, Microsoft said in a blog post on Saturday. “We currently estimate that CrowdStrike’s update affected 8.5 million Windows devices, or less than one percent of all Windows machines,” it said in the blog. A…
Trump victory could spell trouble for export-oriented Korea
The Korean economy could lose momentum for growth, stifled by the potential reclaimed victory of former U.S. President Donald Trump in the November election, observers said Sunday. Central to the collective concern is the prospect of up to a 10 percentage point increase in tariffs on U.S.-bound goods manufactured by Korea’s leading export-driver industries. This…
Macau achieves GGR of $3.8 billion in June
Earlier this week, Bank of America Merrill Lynch (BofAML) said in a note to customers that Macau’s total gaming revenue (GGR) in June was likely to rise 7% year-over-year to 30.3 billion MOPs ($3.8 billion). Casino revenue was 28.3 billion MOPs in June 2013. If so, sales growth would be the lowest in five months,…
Melco Crown Announces Hyatt for CoD Manila
Hyatt Hotels & Resorts and Melco Crown (Philippines) Resorts confirmed a hotel management agreement for Hyatt City of Dreams Manila on Tuesday. The venture will move into two towers of the $1.26 billion resort. The property is being developed jointly by Belle Corp., a Filipino company controlled by the family of Filipino-Chinese businessman Henry Shi,…
A higher-quality team than England and France
San Marino, who played an A-match friendly match in March 2024 at the Stadio Olimpico Decera Ballet in San Marino on the 25th (Korea time), drew 0-0 with the St. Kitts Nevis. San Marino is at the bottom of the FIFA rankings. With a population of only about 33,000, there are fewer soccer players than…
HanAll Biopharma hires US expert as chief business development officer
Korean drugmaker HanAll Biopharma said Tuesday it has appointed Christopher Slavinsky, former Coherus BioSciences chief business and legal officer, as the chief business development and legal officer aiming to bolster global expansion efforts. Slavinsky has over 25 years of experience in legal and business development roles across major pharmaceutical companies and emerging biotechnology firms. His…
Korea wins $17.3 bil. nuclear power plant order from Czech Republic
Korea Hydro & Nuclear Power (KHNP) was selected, Wednesday, as the preferred bidder for a 24 trillion won ($17.3 billion) project to build nuclear power plants in the Czech Republic, according to the state-run nuclear power plant operator. The successful export of a Korean nuclear reactor is a landmark achievement, marking the first such contract…
Over 10,000 trainee doctors likely to end up leaving hospitals
Despite monthslong efforts by the medical community and the government for a breakthrough, over 10,000 striking trainee doctors were presumed to leave hospitals as they have decided not to withdraw their resignations, the health ministry said Thursday. More than 90 percent of around 13,000 junior doctors walked off their jobs in February in the form…
Agency dismisses malicious rumors about KARA member Park Gyu-ri’s injury
The agency of Park Gyu-ri, an actress and member of the girl group KARA, has announced its firm stance against malicious rumors. Her agency, Big Boss Entertainment said Wednesday on social media, “We recently informed you that actress Park Gyu-ri sustained facial injuries, including a fractured cheekbone and eye socket. The injuries were due to…