Connect to share and comment

Today in Korean history

April 10 1900 -- Hanseong Electric, the country's first electric energy producer, which was established two years earlier, installs streetlights for the first time in Jongno, the central district of Seoul, where the royal palaces of the Joseon Dynasty are located. 1919 -- The provisional government of Korea, established in Shanghai earlier to restore their homeland's sovereignty from Japanese colonial rule, meets for the first time and adopts a modern name for their country, "Daehanminguk."

Intel closes Costa Rica operation, cuts 1,500 jobs

SAN FRANCISCO (Reuters) - Chipmaker Intel, struggling with a shrinking personal computer market, is shutting its assembly and test operation in Costa Rica and eliminating 1,500 jobs, a spokesman said on Tuesday. "It's being closed and consolidated into our other operations throughout the world," spokesman Chuck Mulloy said of the assembly/test operations in Costa Rica. Intel will continue to employ around 1,000 people in Costa Rica, Mulloy said. (Reporting by Noel Randewich; Editing by Leslie Adler)

Costa Rica's next president wants narrower currency band

By Alexandra Alper SAN JOSE (Reuters) - Costa Rica's president-elect wants to see the national currency trade in a narrower band to avoid volatility that has sent it on a roller coaster ride over the last few months, the center-left former diplomat said. Costa Rica's colon, which trades in a band set by the central bank that is currently between around 500 and 825 colones per dollar, is down 9 percent this year, after firming in December.

S. Korea OKs private humanitarian aid to N. Korea

SEOUL, April 9 (Yonhap) -- South Korea allowed a civilian group Wednesday to provide humanitarian aid to North Korea, despite renewed tensions on the Korean Peninsula. A local private group named Seomgim, or the Devotion, was permitted to ship basic medical supplies worth 17 million won (US$16,248) to maternity clinics in the North Hamgyong Province, according to Seoul's unification ministry, which handles inter-Korean affairs.

S. Korea's jobless rate drops but job creation slows

SEJONG, April 9 (Yonhap) -- South Korea's jobless rate dropped in March from a month earlier, but job creation also slowed, raising concerns that the labor market conditions are not improving fast, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 3.9 percent last month, down from 4.5 percent tallied in February. The seasonally adjusted jobless rate also dropped from 3.9 percent to 3.5 percent.

Bank of America shuts down in Costa Rica, lays off 1,400

Bank of America announced Tuesday it was shutting down its operations in Costa Rica, where it employed 1,400 people in a technological unit. The company said in a statement the closure of its center in the Central American country would take place over the next nine to 12 months, in order for it to concentrate its activities in other countries. "As a result of constant reviews (of operations) we will close our technology and operations sites in San Jose de Costa Rica," the bank said in a statement.

Bank of America shuts down in Costa Rica, lays off 1,400

Bank of America announced Tuesday it was shutting down its operations in Costa Rica, where it employed 1,400 people in a technological unit. The company said in a statement the closure of its center in the Central American country would take place over the next nine to 12 months, in order for it to concentrate its activities in other countries. "As a result of constant reviews (of operations) we will close our technology and operations sites in San Jose de Costa Rica," the bank said in a statement.

U.S., China to establish regular dialogue channel on N. Korea

BEIJING/WASHINGTON, April 8 (Yonhap) -- The United States and China have agreed to set up a high-level consultation channel to discuss North Korea and other regional security issues, U.S. Secretary of Defense Chuck Hagel said on a landmark trip to Beijing. The deal reflects efforts by the two top global powers to cooperate on the North Korea issue despite their rift over Beijing's territorial stands-off with some of its neighboring countries. North Korea was high on agenda in his meeting with Chinese Defense Minister Gen. Chang Wanquan on Tuesday (local time).

Intel lays off of 1,500 employees in Costa Rica

US microchip giant Intel announced Tuesday it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees. The move was a major blow to the economy of the Central American country, where 2,700 people were employed at an assembly plant set up in 1998. "We are going to phase our our manufacturing operations in Costa Rica over the next six months. It is assembly test manufacturing. It will result in the loss of about 1,500 jobs," Intel spokesman Chuck Mulloy told AFP.

Intel lays off of 1,500 employees in Costa Rica

US microchip giant Intel announced Tuesday it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees. The move was a major blow to the economy of the Central American country, where 2,700 people were employed at an assembly plant installed in 1998. "After extensive analysis, the company concluded the best long-term solution to maximize the operational efficiency at the global level was to close its assembly and testing plant," Intel said in a statement in Spanish.
Syndicate content