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Buses in Seoul were running smoothly Friday after unionized drivers struck a last-minute wage deal with management and scrapped plans to strike. (Yonhap News)The breakthrough agreement came after marathon talks between the union and management, who agreed to a 3.5 percent wage increase and a 40,000
- 3 days ago, 18 May 12, 8:54am -

Commerce Minister Hong Suk-woo indicated Thursday that the government will approve a plan to raise electricity fees.“(Korea’s) cost of electricity for firms marks the cheapest among members of the OECD,” he told reporters. The state-run Korea Electric Power Corp. has called for a h
- 3 days ago, 17 May 12, 6:01pm -

Most businessmen and economic experts demand that regulations on insolvent savings banks’ restructuring be made stricter, according to a survey released by the Korea Chamber of Commerce and Industry on Thursday.In the poll of about 150 businessmen and analysts, 47.1 percent of the respondents
- 4 days ago, 17 May 12, 3:49pm -

Lee Won-changLee Won-chang, head of the Korea Broadcast Advertising Corp. or KOBACO, was named the new CEO of the soon-to-be-inaugurated organization that will succeed KOBACO.According to a revision approved by the National Assembly in February, the new KOBACO will be inaugurated on May 23. KOBACO&r
- 4 days ago, 17 May 12, 3:07pm -

WASHINGTON (Yonhap News) ― South Korea and the United States launched a ministerial consultation channel Wednesday on implementing their bilateral free trade agreement.“We established a very effective and efficient communication channel between the two countries in managing KORUS FTA,” K
- 4 days ago, 17 May 12, 11:47am -

  South Korea's economic fundamentals remain strong despite global financial market uncertainty triggered by worries Greece will exit the eurozone, a government policymaker said Thursday.   Vice Finance Minister Shin Je-yoon said in an economic review meeting that political turmo
- 4 days ago, 17 May 12, 10:45am -

The Korea Gas Corp. announced on Wednesday that it has detected a new deposit of natural gas off the coast in Mozambique for the fourth time. The gas company had previously discovered deposits of natural gas three times in Mozambique, in October 2011, February 2012 and March 2012. Now it has made it
- 4 days ago, 16 May 12, 5:44pm -

The Korea Chamber of Commerce and Industry said Wednesday that free trade agreements benefit domestic companies that export products to the U.S. and Europe. From May 7-10, KCCI conducted a survey for 600 companies that export both to the U.S. market and the European market. The survey inquires wheth
- 5 days ago, 16 May 12, 3:49pm -

 South Korea's jobless rate decelerated in April thanks mainly to more positions created in the service sector, a government report showed Wednesday.   The jobless rate stood at 3.5 percent last month, down from 3.7 percent a year earlier, according to the report by Statistics Korea.
- 5 days ago, 16 May 12, 10:23am -

China is much more “strategic” than Korea in free trade agreement negotiations, so Seoul should make extra efforts to translate the strategic significance Beijing places on the FTA into economic profit, according to one trade expert. It is difficult to find a shared trait in the countrie
- 5 days ago, 15 May 12, 6:47pm -

Agriculture, fisheries in for heavy damage; petrochemicals, autos expect benefitsKorea has taken the first step toward a free trade agreement with China, its largest trading partner and the world’s second biggest economy. Seoul and Beijing held the initial round of negotiations on Monday. Trad
- 5 days ago, 15 May 12, 6:47pm -

Korea and Denmark have agreed to make the green growth alliance between the two counties a legally binding treaty as part of efforts to strengthen their partnership in the field, officials said Tuesday. Korea’s Prime Minister Kim Hwang-sik and Danish Crown Prince Frederik held the second meeti
- 6 days ago, 15 May 12, 4:02pm -

Malaysian traditional performance is underway at the Yeosu Expo on Monday, May 13, 2012. (Yonhap)South Korean President Lee Myung-bak said Monday he believes the World Expo under way in the southwestern port city of Yeosu will help promote the host city as one of the world’s best tourist desti
- 6 days ago, 15 May 12, 3:01pm -

South Korea’s trade balance remained in the black for the third straight month in April despite minus growth in both exports and imports, a customs office report showed Tuesday.According to the report by the Korea Customs Service, South Korea’s trade surplus amounted to $2.12 billion las
- 6 days ago, 15 May 12, 12:16pm -

British Parliamentary Under-Secretary of State for Transport Mike Penning said Monday he is looking to build partnerships between Korean and British transportation-related companies concerning technology. Speaking in a news conference in Seoul, the British minister said that he came to Korea to look
- 6 days ago, 14 May 12, 5:48pm -

South Korean stocks are expected to undergo further adjustments next week, weighed down by mounting eurozone uncertainties and their impact on the global economy,local analysts said Saturday.   The country's key stock index, the KOSPI, closed at 1,782.46 onFriday, a drop of 7.03 percent or
- 2 days ago, 19 May 12, 2:33pm -

Facebook stumbled on its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to its enormous hype.   The stock, priced at $38 on Thursday in the largest-ever initial public offering for a technolo
- 2 days ago, 19 May 12, 10:38am -

Seoul’s financial markets sank on Friday, with the benchmark KOSPI crashing below 1,800 points for the first time in five months as the eurozone crisis deepened.Bank runs and downgraded credit ratings in Greece and Spain, coupled with discouraging U.S. economic reports that caused overnight lo
- 3 days ago, 18 May 12, 3:59pm -

The nation’s top financial regulator ordered Hana Bank to punish 28 employees for irregularities including embezzlement of gift certificates, mishandling of project financing loans and violation of board rules. The Financial Supervisory Service also slapped Hana Bank with 37.5 million won ($32
- 3 days ago, 18 May 12, 3:21pm -

Korean lender also set to bring BOA-Merrill Lynch, Royal Bank of Scotland to court for same reasonsWoori Bank sued Citigroup Inc. for fraud to redeem losses from collateralized debt obligations, a type of structured asset-backed security. The Korean lender said it was set to lodge lawsuits against B
- 3 days ago, 18 May 12, 3:15pm -

South Korean stocks gained 0.26 percent Thursday on a modest technical rebound from the previous session’s tumble triggered by mounting Greek and eurozone woes, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index picked up 4.71 points
- 4 days ago, 17 May 12, 3:55pm -

 Lender succeeds in selling yen-dominated bonds at low interest rates for second yearThe Export-Import Bank of Korea said Thursday it has issued Samurai bonds worth 100 billion yen ($1.25 billion), the largest amount ever to be issued by an Asian institution, despite instability in global finan
- 4 days ago, 17 May 12, 3:27pm -

Finance Minister Bahk Jae-wan said he plans to appear on a home shopping channel late this month to promote the products of small- and medium-sized companies.But his idea needs to go through some regulatory deliberation first, according to the nation’s broadcasting regulator.Bahk wrote on his
- 4 days ago, 17 May 12, 3:23pm -

SK Telecom, Korea’s largest mobile carrier, has successfully raised funds in the Swiss bond market, despite Europe’s economic woes.The company said that it issued Swiss franc-denominated bonds worth CHF 300 million ($318 million), with an annual interest rate of 1.75 percent at a maturit
- 4 days ago, 17 May 12, 3:15pm -

The use of Internet banking in South Korea accelerated in the first quarter from three months earlier as more people conducted financial transactions online, the central bank said Thursday.Online banking transactions reached an average of 45.23 million per day in the January-March period, up 9.5 per
- 4 days ago, 17 May 12, 1:43pm -

South Korean companies’ overseas direct investment soared 18.7 percent on-year to $10.98 billion in the first quarter of this year as firms beefed up their operations abroad, the government said Wednesday.The total is the fifth-largest quarterly overseas direct investment since such data track
- 4 days ago, 17 May 12, 11:49am -

South Korea’s credit card spending jumped 15.9 percent in April from a year earlier due to modest improvements in domestic economic conditions, a credit association said Thursday.Purchases made with credit cards totaled 42.9 trillion won ($36.7 billion) last month, up 6.6 trillion won from a y
- 4 days ago, 17 May 12, 11:41am -

WASHINGTON (AP) ― Maybe the U.S. economy’s strength this winter wasn’t just weather-related after all.Home construction is near a three-year high. And factory output has risen in three of the year’s first four months.The data released Wednesday suggest growth in the April-June quar
- 4 days ago, 17 May 12, 11:31am -

WASHINGTON (AP) ― Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.Minutes of the central bank’s April 24-25 meeting released Wednesday stated that “several members” thought additional Fed support could be
- 4 days ago, 17 May 12, 11:25am -

NEW YORK (AP) ― The unending turmoil in Greece spread fallout across the financial markets Wednesday. The Dow Jones industrial average fell for the ninth day out of 10, and gold, oil, and the euro all dropped to multi-month lows.Greece called a new round of elections for June 17 after coalition talk
- 4 days ago, 17 May 12, 11:21am -

Investors rush over to hotel funds to benefit from expected hotel boom in capitalKeen investors are eying the hotel industry with new light. Buoyed by the Korean Wave, more tourists have been visiting South Korea during the last few years and have increased the demand for hotel rooms. More than 10.8
- 2 days ago, 18 May 12, 5:24pm -

SK Group said it will participate in a large-scale environmental cleanup business in China in coordination with a group of Korean subcontractors.The group’s coming advancement into the Chinese government-led environment sector comes after the country unveiled its project to invest about $530 b
- 3 days ago, 18 May 12, 4:01pm -

Samsung Electronics said Friday that its research team had successfully created a three-terminal active device called a “graphene barristor,” opening the way for the commercialization of graphene.Researcher Park Seong-jun of Samsung Advanced Institute of Technology said that the triode d
- 3 days ago, 18 May 12, 3:43pm -

Investors rush over to hotel funds to benefit from expected hotel boom in Seoul Keen investors are eying the hotel industry with new light. Buoyed by the Korean Wave, more tourists have been visiting South Korea during the last few years and have increased the demand for hotel rooms. More than
- 3 days ago, 18 May 12, 1:51pm -

The U.S. is curbing shellfish imports from South Korea after food safety regulators determined that inadequate sanitation may have exposed oysters, mussels, clams and scallops to human fecal waste. The Food and Drug Administration removed Korean shippers from its certified shellfish list on May 1, C
- 3 days ago, 18 May 12, 9:35am -

STX Group, the nation’s 14th-largest business group, said Thursday that it is considering selling assets to revive its worsening financial health amid the ongoing slowdown in the shipbuilding industry globally. “As part of our financial restructuring, we are discussing plans to directly
- 3 days ago, 17 May 12, 6:09pm -

The high-speed train HEMU (Ministry of Transport)Traveling time from Seoul to Busan to be cut to one-and-a-half hours by 2015CHANGWON, South Gyeongsang Province ― Korea’s new high-speed train HEMU-430X showed its long, navy nose to the public for the first time in this southeastern city of Cha
- 4 days ago, 17 May 12, 3:57pm -

LG Electronics unveiled its first Google television during Internet Week in the U.S. with plans to showcase the product in retail chains later next week.The North American subsidiary of the country’s electronics giant is conducting live demonstrations of LG’s Google TV called G2 Series ―
- 4 days ago, 17 May 12, 3:49pm -

Executive of OLED Development Group gets bronze medal for technologyLG Display’s technology for making large organic light-emitting diode displays has been recognized ahead of Invention Day with one of its executives scheduled to win the bronze medal on Friday.The Korea Invention Promotion Ass
- 4 days ago, 17 May 12, 3:37pm -

LG Electronics said Thursday that it will launch its new flagship smartphone Optimus LTE 2 in the local market this week.In a press event held at its headquarters in Yeouido, the company showcased the new handset, equipped with the world’s first 2 gigabyte RAM. The handset will only be release
- 4 days ago, 17 May 12, 3:31pm -

Iraq will soon sign a $7 billion agreement with South Korea’s Hanwha Engineering & Construction Corp. to build 100,000 housing units in the country, the chairman of Iraq’s National Investment Commission said.“The signing will be final and the work will start after that, the val
- 4 days ago, 17 May 12, 2:11pm -

Two powerful acquirers tender bids for both Hi-Mart, Woongjin CowaySK Group and Lotte Group are engaging in fierce competition to take over big enterprises in the mergers and acquisitions market.The groups’ units -- SK Networks and Lotte Shopping -- have submitted letters of intent for the bid
- 4 days ago, 16 May 12, 6:36pm -

Hyosung Group chairman Cho Suck-rai stressed that Korea and Japan should seek a comprehensive and high-level of bilateral trade liberalization.His remarks came during his keynote speech as the chief of the Korean delegation during the 44th annual gathering of Korea-Japan business leaders in Osaka, w
- 5 days ago, 16 May 12, 4:02pm -

 Firm determined to become global media content provider, eying live video streaming, cloud computingKT is showcasing the firm’s next generation media content and IT solutions at the COEX Convention Center as it is prepping to go beyond its role as one of the country’s three telecom
- 5 days ago, 16 May 12, 3:34pm -

GS Group chairman Huh Chang-soo stressed the importance of workplace innovation at a group forum Wednesday, describing it as the conglomerate’s future growth engine.Huh said innovative efforts outside the office would be the key to the group’s development in the future. Huh Chang-sooThe
- 5 days ago, 16 May 12, 3:24pm -

More than 55 percent of U.S. adults lose or break their sunglasses each year, putting their eyes at risk of sunburn or eye disease, eye experts say.The Vision Council found for those who lost their sunglasses, and the 27 percent of adults who do not wear sunglasses, exposure to ultraviolet radiation
- 14 hours ago, 20 May 12, 2:24pm -

Japanese officials’ demand to remove a monument dedicated to the memory of wartime sex slaves in New Jersey has backfired, according to the New York Times. The Times said Japanese lobbying to remove the monument had made the Korean community there determined to build more of themAccording to t
- 15 hours ago, 20 May 12, 1:17pm -

 South Korea's military is reviewing a plan to lease text-only mobile phones to soldiers, in a move to allow them to better communicate with their family members, friends and loved ones, a military source said Sunday.    Conscripts are banned from possessing mobile phones while on dut
- 18 hours ago, 20 May 12, 10:47am -

A coal miner was found alive Saturday after being  underground for 17 days following a flood in a northeast China coal mine, authorities said.Twenty-eight miners had been working underground at the time of the May 2 flood at the Junyuan No. 2 Coal Mine in Xing'an district of Hegang city in Heil
- 20 hours ago, 20 May 12, 8:47am -

South Korea's presidential office held a charity bazaar to raise money for underprivileged people, official sources said Saturday.   The event held in front of the main reception center attracted10,000 visitors including residents of nearby neighborhoods andfamily members of employees work
- 1 day ago, 19 May 12, 4:48pm -

National pavilions that highlight ongoing efforts by humanity to harmonize with the marine environment have drawn large crowds at the ongoing 2012 Yeosu Expo, organizers for the event said Saturday.   Organizers for the exposition that will run till Aug. 12 saidon average more than 10,000
- 1 day ago, 19 May 12, 4:42pm -

South Korea's envoy to China made a surprise appearance in a performance of the traditional Beijing opera, diplomatic sources said Saturday.   Ambassador Lee Kyu-hyung helped put on the Beijing opera piece"Wujia Po" in a performance held at the official residence ofSeoul's top di
- 2 days ago, 19 May 12, 3:54pm -

A number of Chinese fishermen kidnapped earlier this month by unidentified North Koreans have been freed, Chinese statemedia said, as diplomats worked to secure the release of the remainder.   The freed Chinese, whose number was not disclosed, were among a group of 29 fishermen working on
- 2 days ago, 19 May 12, 3:26pm -

A key member of the minor opposition Unified Progressive Party embroiled in the ongoing internal feud has made clear he has no intention of giving up his parliamentary seat, sources said Saturday.   Talks to convince Lee Seok-gi to step down have made littleheadway, according to Lee J
- 2 days ago, 19 May 12, 1:28pm -

The 1980 Gwangju uprising played a significant role in helping move forward the democratization process in South Korea, a poll conducted by a memorial foundation showed Saturday.   The May 18 Memorial Foundation said the nationwide survey of725 people showed 65.8 percent of the respondents
- 2 days ago, 19 May 12, 1:26pm -

The U.S. House of Representatives on Friday passed the 2013 national defense authorization bill that recommends the redeployment of tactical nuclear weapons on the Korean Peninsula.   The non-binding amendment approved by the House reflects theRepublican Party's push to get the incumbent O
- 2 days ago, 19 May 12, 11:04am -

The prosecution on Friday indicted Choi See-choong and Park Young-joon on bribery charges as part of its investigation into an influence-peddling scandal involving the members of President Lee Myung-bak’s inner circle. Choi, the former chairman of the Korea Communications Commission and Lee&rs
- 3 days ago, 18 May 12, 4:07pm -

Prosecutors investigating alleged corruption by the elder brother of late President Roh Moo-hyun said Friday they found tens of billions of won in a bank account apparently owned by his wealth manager.Roh Geon-pyeong, 70, is being investigated for embezzlement and influence peddling allegations. He
- 3 days ago, 18 May 12, 4:05pm -

The prosecution on Friday indicted Choi See-choong and Park Young-joon on bribery charges as part of its investigation into an influence-peddling scandal involving the members of President Lee Myung-bak’s most trusted circle. Choi, former chairman of the Korea Communications Commission known a
- 3 days ago, 18 May 12, 4:04pm -

Saenuri Party Chairman Hwang Woo-yea (right) shakes hands with Unified Progressive Party leader Kang Ki-kab during a ceremony in Gwangju, South Jeolla Province on Friday to mark the 32th anniversary of the outbreak of the Gwangju Uprising. (Yonhap News)Reeling from a devastating vote-rigging row, th
- 3 days ago, 18 May 12, 3:55pm -

South Korean households’ monthly income grew 6.9 percent on-year in the first quarter of this year thanks to improved employment conditions, a government report showed Friday.According to the report by Statistics Korea, households’ monthly income averaged 4.12 million won ($3,540) in the
- 2 days ago, 18 May 12, 5:30pm -

Asiana Airlines Inc., South Korea’s No. 2 air carrier, said Friday its earnings plunged in the first quarter of 2012 from a year earlier, mainly due to soaring fuel prices.Net income stood at 32.5 billion won ($27.9 million) in the January-March period, down 94.7 percent from the 61.82 billion
- 2 days ago, 18 May 12, 5:30pm -

Owners of Kia Motors dealerships from about 100 countries pose during their annual gathering at a hotel in Vancouver on Thursday. (Kia Motors)Kia Motors has vowed to cultivate its brand power to near that of European and Japanese automakers within five years, following a similar vision its affiliate
- 3 days ago, 18 May 12, 3:29pm -

Korean carmakers plan to roll out new K5, Sonata hybridsHyundai Motor and Kia Motors have yet to clarify their stance on whether to develop Genesis or K9 hybrid vehicles, though global carmakers are in heated competition to launch eco-friendly models of large-sized sedans.The players manufacturing h
- 4 days ago, 17 May 12, 3:59pm -

Starting Norwegian firm, automaker to sign MOUs on green carsHyundai Motor is expanding its business collaboration with Scandinavian countries to boost the carmaker’s supply of environmentally friendly vehicles.Following a pact between Hyundai and the governments of the four countries ― Sweden
- 6 days ago, 15 May 12, 4:04pm -

 More non-Korean chiefs arrive in Korea as import auto market heats upAs Korea’s import car market grows, global automakers are increasingly opting for foreign chief executives for their Korean units.When the Korea Automobile Importers and Distributors Association was established 17 years
- 6 days ago, 15 May 12, 1:34pm -

Korea Auto Parts Park in Detroit was launched Monday to help Korean firms settle in the U.S. city.The opening ceremony was organized by Korea’s Commerce Ministry and the state-run Korea Trade Investment Promotion Agency.KAPP provides offices with presentation devices and conference rooms. &ldq
- 7 days ago, 14 May 12, 2:28pm -

Four models to be unveiled in the biennial event for first time in AsiaThe sixth Busan International Motor Show, which will kick off on May 24, will feature futuristic concept cars with state-of-the-art technologies, carmakers said Friday.Some of the concept cars ― prototypes that give consumers a p
- 10 days ago, 11 May 12, 3:30pm -

Partnerships include Hyundai-Samsung, Kia-SKT and Renault-POSCO ICTCarmakers are signing business tie-ups with information and communication technology giants amid growing demand for high-end auto components.Among them are Kia Motors-SK Telecom and Renault Samsung Motors-POSCO ICT. Hyundai Motor and
- 11 days ago, 10 May 12, 3:29pm -

The GM Cadillac CTSU.S. automakers are still posting sagging car sales in Korea despite the free trade agreement between the two countries that took effect two months ago.Three U.S. companies ― General Motors, Chrysler and Ford Motor ― grabbed only 6.1 percent of the nation’s import car market
- 12 days ago, 9 May 12, 3:49pm -

Hyundai Motor’s Avante won the Most Remarkable Award at the Beijing International Motor Show, the country’s leading carmaker said on Tuesday. Winning the most out of the 6.75 million votes counted, the award-winning sedan has made a promising premier in the automobile market, the company
- 13 days ago, 8 May 12, 3:31pm -

Foreign automakers aggressive in launching models priced under 30 million wonA series of import cars with relatively low price tags are aggravating the worries of Korea’s automakers, who are suffering a continuing drop in month-on-month vehicle sales at home.“Cheap import cars have emerg
- 14 days ago, 6 May 12, 5:46pm -

The Hyundai Kia Automotive Group said Sunday it will provide 51 eco-friendly vehicles to the organizing committee of the Yeosu Expo 2012 to help facilitate logistics.   The Expo will run for three months from Saturday and is expected to attract more than 8 million visitors from across the
- 14 days ago, 6 May 12, 5:12pm -

Chrysler Group LLC led the five largest automakers by U.S. sales in exceeding analysts’ estimates for April as the industry’s increased production drove expansion in the manufacturing sector.Chrysler sales climbed 20 percent to 141,165 light vehicles and Toyota Motor Corp.’s delive
- 15 days ago, 6 May 12, 11:23am -

Ferrari SpA said it expects South Korea’s economic growth to make the country a standout for sports car demand, and Vietnam may be next.“A surprise over the next five years will be South Korea,” Herbert Appleroth, Ferrari’s Asia Pacific chief executive officer, said in an int
- 15 days ago, 6 May 12, 11:19am -

It was already a dismal year for the Korean economy when the eurozone debt crisis took a turn for the worse and decima..
- 19 hours ago, 20 May 12, 9:00am -

Japanese and other Asians have become fond of makgeoli, or rice wine, and kimchi, spicy pickled cabbage, in recent yea..
- 19 hours ago, 20 May 12, 9:00am -

Global TV sales contracted nearly 8 percent in the first quarter of this year from a year earlier, but the market for ..
- 19 hours ago, 20 May 12, 9:00am -

INCHEON (Yonhap) -- Amkor Technology, Inc., a leading U.S. provider of semiconductor assembly and test services, will ..
- 19 hours ago, 20 May 12, 9:00am -

Korean companies' direct financing plunged nearly 22 percent in April from the previous month due to a sharp drop in d..
- 19 hours ago, 20 May 12, 9:00am -

The state-run Korea Development Institute (KDI) lowered its forecast of Korea's economic growth for this year to 3.6 p..
- 19 hours ago, 20 May 12, 9:00am -

YEOSU, South Jeolla Province (Yonhap) -- National pavilions that highlight ongoing efforts by humanity to harmonize wi..
- 2 days ago, 19 May 12, 9:00am -

Korean baby boomers are set to retire in the near future, but they are unprepared for life after work, a leading insur..
- 2 days ago, 19 May 12, 9:00am -

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[Economy] : Samsung Electronics dominates three categories of the global handset market in first quarter sales, including smartphone and LTE phones.[more...]
- 1 Jan 70, 9:00am -

[Economy] : South Korean shares have fallen over three percent due to escalating concerns over the economic crisis in the euro zone. [more...]
- 1 Jan 70, 9:00am -

[Economy] : Global credit rating agency Standard & Poor's says politically and financially unstable Greece can't be compared to South Korea, which it says successfully overcame the global financial crisis. [more...]
- 1 Jan 70, 9:00am -

[Economy] : Anchor: Household income rose in the first quarter but spending didn't catch up, an indication of ...[more...]
- 1 Jan 70, 9:00am -

[Economy] : Finance Minister Bahk Jae-wan says he will establish policies to control inflationary pressures as the reemergence of the euro zone debt crisis creates uncertainties in the global financial market.[more...]
- 1 Jan 70, 9:00am -

[Economy] : Samsung Electronics aims to expand its four gigabit memory chip market by mass producing the world's thinnest, highest density and highest performing memory.[more...]
- 1 Jan 70, 9:00am -

[Economy] : Bank of Korea Governor Kim Choong-soo said he believes that the euro zone debt crisis is dragging down the global economy.[more...]
- 1 Jan 70, 9:00am -

[Economy] : Signs are emerging that a massive bank run in Greece may be spreading to Spain.[more...]
- 1 Jan 70, 9:00am -

[Economy] : U.S. President Barack Obama is expected to propose "specific" actions Europe could take to overcome its current fiscal crisis during the G8 Summit this Friday, local time. [more...]
- 1 Jan 70, 9:00am -

[Economy] : The benchmark Korea Composite Stock Price Index (KOSPI) has rebounded after losing for seven sessions on the back of a strong buying streak by retail and institutional investors.[more...]
- 1 Jan 70, 9:00am -

[Economy] : Chairman Huh Chang-soo of the Federation of Korean Industries met with Yoo Chang-hee, head of the ...[more...]
- 1 Jan 70, 9:00am -

[Economy] : Most businesspeople and economic experts have a negative views about the recent restructuring of the savings bank industry. [more...]
- 1 Jan 70, 9:00am -

[Economy] : The government plans to introduce a system in which troubled business owners will be able to provide living costs to workers taking unpaid leave of absence in lieu of layoff.[more...]
- 1 Jan 70, 9:00am -

[Economy] : South Korea is celebrating World Wetlands Day 2012 through Sunday. [more...]
- 1 Jan 70, 9:00am -

[Economy] : The South Korean government has unveiled a high-speed train capable of speeds up to 430 kilometers per hour that will cut travel time across the country to an hour and a half.[more...]
- 1 Jan 70, 9:00am -

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Thousands of people gathered in Gwangju on Friday to mark the 32nd anniversary of the suppression of democracy protesters by the South Korean military.
- 2 days ago, 18 May 12, 6:56pm -

It’s hard to find a expert on South Korea’s economy more pessimistic than Nomura economist Kwon Young-sun.
- 2 days ago, 18 May 12, 4:30pm -

Ruling New Frontier Party elected new leader, President Lee met with Myanmar opposition leader Aung San Suu Kyi, a new KTX train is unveiled and more..
- 3 days ago, 18 May 12, 2:59pm -

Japan's rocket launch early Friday was news here primarily because it was the first (and so far only) mission bearing a non-Japanese satellite in its cargo hold. The successful deployment of a South Korean observation satellite provided Japan’s launch vehicle program a big shot in the arm.
- 3 days ago, 18 May 12, 2:01pm -

JRT attended the Japanese space agency's rocket launch in southern Japan early Friday. The first of two dispatches.
- 3 days ago, 18 May 12, 1:58pm -

South Korea's new bullet train is chic in black.
- 3 days ago, 17 May 12, 7:54pm -

BMW is looking for new growth momentum in Korea with the introduction of two pure electric models - the i3 and the i8 - in 2014 following their global launch in 2013.
- 4 days ago, 16 May 12, 6:45pm -

One quick fix for economic growth in South Korea is to make it easier for women to work.
- 4 days ago, 16 May 12, 5:43pm -

An exiled monk who dropped a bombshell by releasing a video of eight senior monks smoking and drinking while playing poker in a hotel room detonated another explosive on Tuesday.
- 5 days ago, 15 May 12, 6:57pm -

Free-trade agreements tend to polarize public opinion in South Korea, but the issues are usually far from black-and-white, according to a top economist.
- 5 days ago, 15 May 12, 5:50pm -

Telegraph.co.ukNorth Korea Releases Chinese FishermanWall Street JournalBy BRIAN SPEGELE BEIJING—A group of Chinese fishermen apparently detained by North Koreans nearly two weeks ago have been released, Chinese state media reported Sunday. The state-run Xinhua news agency quoted Jiang Yaxian, Chinese counselor to North ...North Korea releases detained Chinese fishermenReuters29 Chinese held in North Korea freedTimes of Indiaall 452 news articles »
- 2 hours ago, 21 May 12, 2:24am -

Daily MailThree cannibals executed for 'selling or eating' human flesh in North KoreaDaily MailBy Lawrence Conway North Korea has convicted and executed three people for cannibalism as the country continues to struggle with widespread hunger, according to a think tank's new report. The claims have been made by the South Korean state-run Korean ...North Korea executes 3 for cannibalism, report claimsGlobalPostall 3 news articles »
- 2 hours ago, 21 May 12, 2:17am -

Who will be South Korea's new leader?GlobalPostAll that can be said for certain at this stage is that Koreans are ready for a change of pace. A South Korean activist (C) wearing a mask of North Korean leader Kim Jong Un holds a mock missile during a rally denouncing North Korea's rocket launch and ...and more »
- 8 hours ago, 20 May 12, 8:04pm -

S.Korea's Sungdong Shipbuilding wins $556 mln ordersReutersSEOUL May 20 (Reuters) - South Korea's medium-sized shipbuilder Sungdong Shipbuilding and Marine Engineering Co Ltd said on Sunday it has won 650 billion won ($556 million) worth of orders for 10 livestock carriers from Pembangunan Buku Hijau Holdings ...
- 9 hours ago, 20 May 12, 7:02pm -

AFPKorean claims back-to-back titlesAFPJEJU ISLAND, South Korea — Kim Bi-O held his nerve to secure a second OneAsia victory in a row and leap to the top of the Order of Merit with a three-shot victory in the SK Telecom Open on Sunday. The 21-year-old home favourite fired rounds of ...Bi-O on track for another winMalaysia StarThree share golf lead in South KoreaBangkok PostGolf: Bi-O on track for back-to-back victoriesGMA Newsall 68 news articles »
- 10 hours ago, 20 May 12, 6:11pm -

ZawyaMade In Korea 2012 Kicks Off Tomorrow In Abu DhabiAbu Dhabi City GuideMade in Korea (MIK 2012), a pioneering exhibition in the MENA region showcasing products, services and technologies from South Korea, is set to begin tomorrow (Monday, May 21, 2012) at the Abu Dhabi National Exhibition Centre (ADNEC), ...Reem eyes tie-ups with S Korea firmsTrade Arabiaall 7 news articles »
- 11 hours ago, 20 May 12, 5:39pm -

The Associated PressG8 expresses concerns over North Korea, IranNew York Daily NewsWashington, May 20 — The leaders of the Group of Eight (G8) major industrialised nations have expressed "deep" and "grave" concern over the actions of North Korea and Iran, and urged both countries to come out clean on all outstanding issues related ...G-8 warns North Korea they will face sanctions if provocations continueFox Newsall 233 news articles »
- 11 hours ago, 20 May 12, 5:02pm -

Oman Daily ObserverBank of Korea Should Hold Rates as Europe Woes Deepen, KDI SaysBloombergThe Bank of Korea should hold its benchmark rate at 3.25 percent as Europe's debt crisis worsens and inflation remains a threat, a state-run South Korean research institute said. “The recent economic slowdown and stabilizing prices have reduced the ...S Korea think-tank cuts growth outlook of 2012Oman Daily ObserverS. Korea think tank cuts 2012 growth outlookThe Korea HeraldState think tank cuts growth f…
- 16 hours ago, 20 May 12, 12:16pm -

South Korea struts its robotic stuff at Expo 2012San Jose Mercury NewsBy Sam Kim AP In this April 20, 2012 photo, a fish robot swims at the Marine Robot pavilion of the EXPO 2012 Yeosu Korea site in Yeosu, South Korea. More than 100 nations are expected to participate in the expo that will open from May 12 to Aug.Interior Minister Heads to Yeosu in South KoreaOman News AgencyExpo exposureTODAYonlineHamoud Al Busaidi leaves for YeosuOman TribuneYonhap Newsall 11 news articles »
- 2 days ago, 19 May 12, 4:01pm -

Telegraph.co.ukNorth Korea resumes work on nuclear reactor-reportChicago TribuneSEOUL (Reuters) - North Korea has resumed construction work on an experimental light water reactor (ELWR) in a move that could extend its capacity to produce more material for nuclear weapons, website 38North reported on Thursday.North Korea accused of seizing boatsSTLtoday.comNorth Korean Ship Seizes 3 Chinese Boats, Global Times SaysSan Francisco ChronicleNorth Korean boat hijacks 3 Chinese fishing boatsThe Associa…
- 3 days ago, 18 May 12, 10:13am -

Develops a new transistor structure using ‘the miracle material’ graphene to increase the possibilities for future transistors Friday, May 18th, 2012 Korea IT Times (info@koreaittimes.com) SEOUL, KOREA - Samsung Advanced Institute of Technology, the core R&D incubator for Samsung Electronics, has developed a new transistor st…
- 2 days ago, 18 May 12, 5:02pm -

New User Interface Makes the LG Smartphone Experience Faster, Simpler, More Convenient Wednesday, May 16th, 2012 Korea IT Times (info@koreaittimes.com) SEOUL, KOREA - LG Electronics (LG) is introducing a new User Interface (UI) for its newest Android Ice Cream Sandwich devices, aptly named Optimus UI 3.0. Optimus UI 3.0 brings wit…
- 4 days ago, 16 May 12, 5:34pm -

Tuesday, May 15th, 2012 Korea IT Times (info@koreaittimes.com) SEOUL, KOREA – LG announced that the Optimus 4X HD, which was first introduced at Mobile World Congress (MWC) in February, will be available next month in key markets starting in Western Europe.read more
- 5 days ago, 15 May 12, 5:57pm -

Tuesday, May 15th, 2012 Korea IT Times (info@koreaittimes.com) BERLIN, GERMANY - BIOTRONIK, a leading manufacturer of innovative medical technology, announced today that the first ICD implantation has been performed on a patient enrolled in the BIOTRONIK ESCAPE-ICD Registry in Latin America.read more
- 6 days ago, 15 May 12, 1:30pm -

Tuesday, May 15th, 2012 Korea IT Times (info@koreaittimes.com) STOCKHOLM, SWEDEN - The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the Kuwait Stock Exchange (KSE) has successfully rolled out its new NASDAQ OMX powered trading platform.read more
- 6 days ago, 15 May 12, 12:04pm -

Global BPO Major to Invest in an 8000 People Campus in Carmona Tuesday, May 15th, 2012 Korea IT Times (info@koreaittimes.com) CARMONA, PHILIPPINES - Rochester, US headquartered BPO (Business Process Outsourcing) and ITeS (Information Technology Enabled Services) major Sutherland Global Services has announced that the company is p…
- 6 days ago, 15 May 12, 12:02pm -

12th annual event to take place during May 14-19 at IVI headquarters to help improve access, quality, and safety of vaccines worldwide Tuesday, May 15th, 2012 Korea IT Times (info@koreaittimes.com) SEOUL, KOREA - The International Vaccine Institute (IVI), an international organization devoted to research in vaccine development an…
- 6 days ago, 15 May 12, 11:41am -

Launch event held for English Bean on May 9 in Indonesia together with Telkom Tuesday, May 15th, 2012 Korea IT Times (info@koreaittimes.com) SEOUL, KOREA – SK Telecom (NYSE:SKM) announced today that it, together with Indonesia’s largest telecom company Telkom Indonesia (NYSE:TLK), launched ‘English Bean,’ a smart learnin…
- 6 days ago, 15 May 12, 10:00am -

Monday, May 14th, 2012 Korea IT Times (info@koreaittimes.com) SEOUL, KOREA - Citibank Korea, Inc. (CEO Ha Yung Ku, www.citibank.co.kr) will hold the “Financial Product Development Contest” open to Citibank customers and employees from May 14th to June 15th in commemoration of the 200th anniversary of Citi.read more
- 7 days ago, 14 May 12, 10:28am -

Complete Genomics Builds Asia-Pacific Presence, New Distributors Will Ship DNA Samples to Complete Genomics for Sequencing Thursday, May 10th, 2012 Korea IT Times (info@koreaittimes.com) MOUNTAIN VIEW, USA - Complete Genomics Inc. (Nasdaq:GNOM), the whole human genome sequencing company, today announced that it has signed four ne…
- 11 days ago, 10 May 12, 1:23pm -

Thursday, May 10th, 2012 Korea IT Times (info@koreaittimes.com) HELSINKI, FINLAND - Since the year 2005 Glaston Group has forcefully been protecting its patents and intellectual property rights. Currently, Glaston has collected evidence, supporting the patent infringement case against Luoyang North Glass Technologies Co., Ltd (“North Glass”).read more
- 11 days ago, 10 May 12, 1:17pm -

Thursday, May 10th, 2012 Korea IT Times (info@koreaittimes.com) PRINCETON, USA - Students now have the option to use Korean Won as a payment method for the TOEFL iBT® test. The new payment choice is available to test takers by selecting the credit card option through the TOEFL® online registration system.read more
- 11 days ago, 10 May 12, 1:15pm -

Thursday, May 10th, 2012 Korea IT Times (info@koreaittimes.com) HOUSTON, USA - United Vision Marketing Firm announces today that Lil Flip Aka Flip Gates has recorded a corporate hip hop verse for UVMF's up and coming Mix Tape project called “The Owners Box.” Lil Flip is a Houston rapper/ innovator, who gave birth to top chread more
- 11 days ago, 10 May 12, 1:10pm -

Thursday, May 10th, 2012 Korea IT Times (info@koreaittimes.com) TOKYO, JAPAN - Expansion maintained in the pachislot market2 pachinko machines and 6 pachislot machines were sold during the year ended March 31, 2012, as overall performance was largely in line with the outlook.read more
- 11 days ago, 10 May 12, 10:35am -

Wednesday, May 9th, 2012 Korea IT Times (info@koreaittimes.com) MUNICH, GERMANY and TAIPEI, TAIWAN – The MobileSecurity Card Premium now being introduced by Giesecke & Devrient SecureFlash Solutions is the first secure microSD card to feature a “data safe”embedded in the card to protect confidential data.read more
- 12 days ago, 9 May 12, 10:57am -

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□ The nationwide dishonored bill ratio for April registered 0.02%, up from March’s 0.01%.□The number of defaulting companies (corporations and private business owners) increased to 110 from 90 the previous month.□ The number of newly established corporations stood at 6,183, down from March’s 6,604.
- 2 days ago, 18 May 12, 8:25pm -

※ Please see the attached files for details
- 4 days ago, 17 May 12, 11:37am -

Today, Bank Negara Malaysia hosted the second meeting of the Financial Stability Board (FSB) Regional Consultative Group for Asia in Kuala Lumpur, Malaysia. The group was established pursuant to the FSB’s announcement in November 2010 that it intends to expand and formalise outreach beyond its membership. To this end, six regional consultative groups were established to bring together financial authorities from FSB member and non-member economies to exchange views on vulnerabilities affecting…
- 5 days ago, 16 May 12, 11:26am -

□ The Export Price Index (won basis) rose by 0.6% month-on-month in April 2012.  o The index rose by 2.0% in year-on-year terms.□ The Import Price Index (won basis) fell by 1.0% month-on-month in April.  o Year-on-year, it increased by 1.7%.
- 6 days ago, 14 May 12, 4:45pm -

 (see the attached file for details)
- 7 days ago, 14 May 12, 1:30pm -

released on May, 10
- 11 days ago, 10 May 12, 11:07am -

The Monetary Policy Committee of the Bank of Korea decided today to leave the Base Rate unchanged at 3.25% for the intermeeting period. (see the attached files) 
- 11 days ago, 10 May 12, 11:06am -

  Please refer to the attached file for details. 
- 11 days ago, 9 May 12, 4:23pm -

 □ The month-on-month growth rate of Broad Money growth (M2, seasonally adjusted, period-average) registered 0.0%. 
- 12 days ago, 9 May 12, 11:55am -

Please refer to the attached files.  
- 12 days ago, 9 May 12, 9:45am -

□ The Producer Price Index fell by 0.1% month-on-month in April 2012―in year-on-year terms it rose by 2.4%.    The month-on-month changes in the major sub-indices are as follows:    o Agricultural, forestry & marine products: -3.5%   o Manufacturing industry products: +0.2%   o Electric power, water & gas supply: -0.2%   o Services: +0.2%   
- 13 days ago, 7 May 12, 5:26pm -

Please refer to the attached file.  
- 18 days ago, 2 May 12, 8:00pm -

Please see the attached files for details
- 20 days ago, 30 Apr 12, 6:42pm -

  Please refer to the attached files.
- 23 days ago, 27 Apr 12, 7:03pm -

The business survey index (BSI) on business conditions in the manufacturing sector for April 2012 was 84, up 3 points from March, and that for the outlook for the following month also rose, by 5 points to 90.
- 23 days ago, 27 Apr 12, 4:41pm -

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