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Seoul may intervene in Hyundai Motor strike

The South Korean government is considering intervening in Hyundai Motor’s labor strike, as a new wave of labor actions might put more stress on the country’s already-slowing economy. “Given its imp...

Updated : 2016.09.28 17:00

Seoul expects 250,000 Chinese tourists in early Oct.

The Seoul Metropolitan Government said Wednesday around 250,000 tourists are set to visit the city in early October thanks to China celebrating a key holiday, stressing every effort will be made to offer various programs to welcome the visitors.Seoul said it will operate visitors' centers ...

Updated : 2016.09.28 15:40

Korean households' excess funds shrink in Q2

Excess funds held by South Korean households fell sharply in the second quarter due to increased spending and debt repayment, while local companies saw their shortage of funds dwindle, central bank data showed Wednesday.Excess funds held by local households, including nonprofit organizatio...

Updated : 2016.09.28 14:26

Creative economy online platform brings 30 bln won revenue

Nearly 30 billion won ($27 million) in revenue was generated from an online platform to commercialize creative ideas in the past three years, the science ministry said Wednesday.In September 2013, the government launched the website, "creative economy town," that invites anyone to post and...

Updated : 2016.09.28 14:24

Anti-graft law officially sets sail in Korea

A much-debated anti-graft law has officially kicked off in South Korea, calling for workers in certain sectors who should maintain higher ethical standards to refrain from receiving any gift priced beyond a legal ceiling.Under the Kim Young-ran Law, people working for the government, media...

Updated : 2016.09.28 10:23

[Monitor] Cancer still biggest cause of death in Korea in 2015

Cancer remained the leading cause of death in South Korea in 2015, with fatalities from pneumonia rising sharply amid a rapidly aging population, government data showed Tuesday. A total of 76,855 peop...

Updated : 2016.09.27 17:59

Over 60% of content creators say business in China hurt by THAAD

South Korea's decision to deploy a US advanced missile defense system, which faced severe opposition from China, has turned out to have dealt a blow to the business of some of the country's cultural content creators, a survey showed Monday.In the survey, conducted Sunday by the office of l...

Updated : 2016.09.26 11:40

[Monitor] India replaces S. Korea as world's No. 5 automaker

India overtook South Korea as the world’s fifth largest producer of automobiles in the first seven months of this year, industry data showed Sunday. It is the first time in 12 years that South Korea ...

Updated : 2016.09.25 18:14

Economy headed for a long tunnel of low growth

Deteriorations in jobs and other recent economic data are stoking fears of a crisis in South Korea, but experts say the economy is more likely to enter a long and gradual spiral downward, rather than ...

Updated : 2016.09.25 16:23

Competition between Korea, China intensifies in ASEAN market

Competition between South Korean exporters and their Chinese rivals has been intensifying in the 10-member Association of Southeast Asian Nations over the past years, a report showed Sunday.The report...

Updated : 2016.09.25 14:20

[Weekender] Frustrated youth seek opportunities overseas, but reality is harsh

On an early September morning, Jung Yun-jin arrived in Seoul from her hometown of Busan. Clad in a black jacket and skirt with neatly combed hair, she was to attend a 30-minute job interview for a Kor...

Updated : 2016.09.23 17:59

[Weekender] Elusive jobs, elusive dreams

Finding one’s first job can be a difficult task. But in a country where over 70 percent of high school graduates advance to four-year universities and the economy is visibly slowing with a bag of som...

Updated : 2016.09.23 17:49

Seoul shares extend slight gains

South Korean stocks traded slightly higher late Friday morning, extending gains to six sessions in a row, as the US Federal Reserve has decided to keep its key rate unchanged.The benchmark Korea Composite Stock Price Index gained 3.57 points, or 0.17 percent, to 2,053.27 as of 11:20 a.m.Th...

Updated : 2016.09.23 13:41

Korea Exchange wins int'l award for Azerbaijan's trading system

South Korea's stock exchange said Friday it has received an international award for its innovative trading system exported to Azerbaijan.The Korea Exchange installed the new information and trading system on the Baku Stock Exchange last year.It was selected as the 2016 Best Technology Inno...

Updated : 2016.09.23 13:38

Korea's exports to China shrink for 14 consecutive months

South Korea's exports to China continued to drop for the 14th consecutive month in August, the longest streak in history, data showed Friday.Outbound shipments to China came to $10.3 billion last month, down 5.3 percent from the same month last year, according to the data from the Korea In...

Updated : 2016.09.23 09:48