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News of updated growth forecasts are also published on the bank's official website.

Sep 23, 2015 AM EDT - Pebbles Montales

ADB Cuts Growth Forecasts in Developing Asian Countries; Details Released!

Following the ongoing economic backsliding of China and India, ADB lowers its growth forecasts for other Asian countries.

(Photo by: Jeff J Mitchell / Getty Images News) GS EPS announced the completion of the Asia's largest biomass plant in South Korea which can generate up to 105 megawatts (MW) of electricity.

Sep 19, 2015 AM EDT - Diana Tomale

South Korean Utility Firm GS EPS Announces Completion Of Asia’s Largest Biomass Plant In Dangjin

GS EPS announces completion of Asia's largest biomass plant which is located in Dangjin, South Korea. The plant can generate sufficient electricity than can be used for an hour by 110,000 people.

(Photo by: Carl Court / Getty Images News) The Iraqi government has given Korean company Hanwha E&C 240 billion won as prepayment for the new-town building project.

Sep 15, 2015 PM EDT - Diana Tomale

Iraqi Gov't Pays 240 Billion Won to Korean Company as Advance for Construction Project

As promised during the signing of the deal last April, the Iraqi government gave Hanwha E&C 240 billion won as prepayment for the new-town building project.

Lawyer holding old book and justice scale | By: Cristian Baitg | Getty Images

Sep 12, 2015 AM EDT - Czarelli Tuason

South Korea Lifts Restriction To Foreign Lawyers And Law Firms

Since imposing the restriction in 2011, South Korea opens their country to foreign lawyers and law firms.

Hyundai Motors

Sep 15, 2015 AM EDT - Diana Tomale

Unionized Workers At Hyundai Reportedly Votes For A Strike Over Wage Deals

Unionized workers at South Korean multinational automotive manufacturer Hyundai Motor have voted to go on strike unless a deal to increase their salary will be reached.

(Photo by: Justin Sullivan / Getty Images News) GM Korea's Chevrolet Impala sedan becomes a hit in South Korea.

Sep 11, 2015 AM EDT - Diana Tomale

Over 5,000 Orders of Impala Might Just Help GM Korea Increase Its Local Market Shares On Full-Size Sedans

GM Korea's Impala sedan has become a hit in South Korea after its launch in the country last month. The company aims to sell 20,000 units in South Korea per year.

Robotic arm holding metal gears | By: Ryan Etter | Getty Images

Sep 10, 2015 AM EDT - Czarelli Tuason

Manufacturer YST Is US-Based Adept Technology's Newest Distributor of Robot Solutions In Korea

YST has entered into an agreement with Adept Technology to become the latter's newest distributor of industrial robot solutions in Korea.

Samsung Electronics' Galaxy smartphones | By: Sean Gallup | Getty Images

Sep 10, 2015 AM EDT - Czarelli Tuason

Samsung Electronics Will Reduce Its Workforce By 10 Percent Due To Declining Overall Sales

Samsung Electronics plans to lay off 10 percent of its workforce in the Seocho-dong headquarters following a $40 billion loss in the company's market value.

Kumho Tire shop in Seoul, South Korea | By: Bloomberg | Getty Images

Sep 09, 2015 AM EDT - Czarelli Tuason

Kumho Tire Announces Factory Lockout As Workers' Protests Over a New Pay System Continue

Kumho Tire has announced factory lockout starting Sunday as union protests over a new pay system continue for more than 20 days.

LG Electronics' OLED TV | By: Bloomberg | Getty Images

Sep 08, 2015 AM EDT - Czarelli Tuason

LG Electronics Talks About Expansion Strategy For OLED TV

LG Electronics has revealed their OLED TV at the 2015 IFA and talked about product expansion strategies.

(Photo by: Stu Forster / Getty Images Sports) Manchester United partners with South Korean footwear brand.

Sep 05, 2015 AM EDT - Diana Tomale

Manchester United Confirms Partnership with Korean Brand Sbenu

Sbenu became the official casual footwear partner of the Manchester United Football Club as the two parties agreed to a deal and confirmed on Thursday.

(Photo by: Jeff J Mitchell / Getty Images News) Tesco is finalizing a deal with MBK Partners Ltd. to sell its South Korean unit.

Sep 07, 2015 AM EDT - Diana Tomale

Tesco Finalizes Deal to Sell South Korean Unit

Tesco is near to closing a deal to sell "Homeplus" to an Asian private-equity firm bidder. The British retailer selected MBK Partners Ltd. among other bidders that showed interest in buying the South Korean unit.

U.S. Immigration and Customs Enforcement Director Sarah Saldana (Photo by Chip Somodevilla/Getty Images)

Sep 06, 2015 PM EDT - Czarelli Tuason

L.A.-Based Diaper Importer Is Deported to South Korea

ICE and ERO officers identified an LA-based diaper importer and deported the offender for embezzlement.

Samsung Electronics HQ raided over Choi Soon-sil scandal on Tuesday, November 7.

Sep 06, 2015 PM EDT - Czarelli Tuason

Korean Tech Firms Could Suffer Decline on Q3 2015

Korean tech firms are predicted to suffer on the third quarter of 2015 as negative business sentiments are observed on the months of August and September.

(Photo by: Chung Sung Jun / Getty Images News) Volume of cash issuance in South Korea dropped.

Sep 04, 2015 AM EDT - Diana Tomale

KOMSCO Will Strengthen Its Non-Minting Sector

South Korea's state-run minting agency will strengthen its non-minting sector, introducing gold bar and anti-counterfeiting technologies.

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