Macau has long been regarded as a barometer of China’s economic activities. This makes sense as long as much of China’s economy continues to be driven by construction and manufacturing. That’s because few “internet bosses” frequent casinos to entertain business associates. It’s the “coal bosses,” “steel bosses” and “real estate bosses” who readily throw down large sums of money in the VIP rooms with their guests to lubricate business deals. Keep in mind that Macau is not -- and likely will never

Lotte World Adventure in Seoul, operated by Lotte Group, had the 14th-highest number of visitors among its global peers last year with 8.15 million people, an annual survey said.The tally compiled jointly by Themed Entertainment Association and consulting firm Aecom said Lotte World was the most-visited amusement park in South Korea and fifth in Asia. Everland Resort, another theme park located just south of Seoul, ranked 16th in the world in visitor numbers.Disney Magic Kingdom in Orlando, Flor

The market share of Korea’s low-cost carriers in international passenger flights has continued to surge this year, according to the Ministry of Land, Infrastructure and Transport on Monday.In May alone, the international flights operated by low-cost carriers increased by an average of 50.8 percent, while large flag carriers lost an average of 5.4 percent.

Korea’s energy policy has made an abrupt turn with changes of government in the past few decades, leaving the country short of securing stable, efficient and environmentally sustainable supply of energy.According to an index released by the World Energy Council last year, it ranked No. 72 and No. 88 out of 125 countries in terms of energy security and environmental sustainability, respectively.In the latest twist to energy policy, which has swung every five years, President Moon Jae-in&rsq

(123rf)Amid heated debate over who is responsible when car accidents occur in self-driving mode, the ruling Democratic Party of Korea’s Rep. Park Young-sun has proposed a law recognizing artificial intelligence robots as “electronic personalities,” thereby holding them responsible if necessary. “Robots have become more than electronic devices. They can now learn information by themselves and their data processing abilities equate to higher-level thinking of humans,” Park said through a statement

LG Chem aims to join the global top five in the chemical industry by 2025, by increasing investment in capital expenditure and research & development in the areas of its base materials, electronics, life science and battery unit. LG Chem’ researchers test the performance of Reverse Osmosis, or RO, filters at its plant located in Chungju. (LG Chem)The company plans to spend 2.76 trillion won ($2.4 billion) on capital expenditure this year, up 40 percent on-year, and also set aside 1 trillion won

The ruling Democratic Party of Korea‘s Chairwoman Rep. Choo Mi-ae last week proposed a new tax plan levying higher taxes for the rich and large conglomerates during a finance meeting with the government.

SEOGWIPO, Jeju Island -- South Korea’s decision to deploy a US anti-missile system has seriously damaged the bilateral ties between Seoul and Beijing built for the last 25 years, impeding further development of cooperation and exchanges between the two, a Chinese envoy to Seoul said Saturday.“(The deployment of) THAAD is a strategic issue, but has seriously damaged mutual trust between the two countries,” said Chinese Ambassador to South Korea Chu Guo Hong, referring to the Terminal High Altitud

Posco Daewoo CEO Kim Young-sang (left) poses with KITA Chairman Kim In-ho and Coex CEO Byun Bo-kyung after a memorandum of understanding signing. (Posco Daewoo)Posco Daewoo, the trading unit of the country’s top steelmaker Posco, signed a memorandum of understanding with the Korea International Trade Association and Convention & Exhibition Center Coex to cooperate for the development of the country‘s MICE industry, the company said Sunday.MICE is an acronym for meeting, incentives, conventions a

Hyundai‘s second plant in Ulsan, South Gyeongsang Province. Hyundai Motor GroupHyundai Motor, South Korea’s largest automaker, will invest 300 billion won ($270 million) through Sept. 17 to upgrade its second factory in Ulsan, the company said Sunday.This is the second major reconstruction this year, following the rebuilding of the first factory in Ulsan last February for which Hyundai spent 220 billion won, the company said.Seeking to expand productivity, all stages of production, including ass

Cultural Night Walk in Jeonju“Cultural Night Walk in Jeonju,” a program selected by the Cultural Heritage Administration in a competition, offers visitors the chance to walk through hundreds of traditional Korean houses in Jeonju Hanok Village under the moonlight.Highlights include a moonlight photography competition, a traditional music night, Jeonju traditional opera, a shadow orchestra and night views of Jeonju.The event is being held until Sept.13. For more information, visit www.jeonju-nigh