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South Korea ratifies Britain FTA ahead of Brexit

South Korea's parliament on Monday ratified a trade deal between Seoul and London that will take effect automatically following Britain's departure from the European Union. The free trade agreement ...

Oct 28, 2019
[News Focus] Do securities regulators offer level playing field?

SEJONG -- Some local commercial banks have been denounced for having recklessly sold high-risk equity-linked fund products to seniors without properly warning them of the potential losses. Some reti...

Oct 28, 2019
S. Korea to approve 7th low-cost carrier

South Korea's transport ministry said Monday it will permit Fly Gangwon, the country's seventh low-cost carrier, to begin operations next month, a move that could further heat up competition in South...

Oct 28, 2019
STX Corp. signs coal trading deal with Russia's Mechel

STX Corp., a South Korean general trading firm, said Monday it has signed a deal with Russian mining giant Mechel PAO to import coal and coke produced in the Kuzbass mines in Kemerovo, Russia. Under...

Oct 28, 2019
[News Focus] Construction policy risks undermining fiscal soundness

SEJONG -- Enterprises under the Moon Jae-in administration are investing less in construction and facilities, with 2018 data revealing year-on-year contraction in both areas. These are the first sim...

Oct 27, 2019
Hyundai E&C Q3 net soars 72% on increased orders

Hyundai Engineering & Construction Co. said Friday its third-quarter net profit soared 72 percent from a year earlier on increased orders. Net profit for the three months that ended Sept. 30 jumped ...

Oct 25, 2019
Asiana to halt San Francisco route for 45 days from March next year

Asiana Airlines Inc. will suspend the Incheon-San Francisco route for 45 days from March 1 following a Seoul court's ruling over its deadly crash landing in the US city five years ago, the transport ...

Oct 25, 2019
Seoul's trade terms further deteriorate in Sept.

South Korea's trade terms continued to worsen in September amid a steady decline in exports, central bank data showed Friday. The terms of trade index for products came to 91.8 in the month, down 4 ...

Oct 25, 2019
S. Korea’s economy slows down in Q3

Market skeptical about growth outlook for this year

Oct 24, 2019
Korean economy grows 0.4% on-quarter in Q3: BOK

The South Korean economy continued to grow at a steady pace in the third quarter, partly helped by increased government spending and a slight rebound in exports from three months earlier, central ban...

Oct 24, 2019
Court holds brokerage employees 50% liable for ‘fat finger’ scandal

South Korea’s local court has decided that the employees of Samsung Securities involved in the “fat finger” scandal in which nonexistent stocks were issued, should pay compensation for about half of ...

Oct 23, 2019
Moon calls for S. Korean businesspeople to combine efforts for peace, prosperity

President Moon Jae-in on Tuesday called for South Korean businesspeople to share their networking capabilities and experience to help ongoing efforts to foster a lasting peace on the divided peninsul...

Oct 22, 2019
S. Korea pushes housing price cap on private sector

Facing imminent price regulations, builders hurry to sell new apartments

Oct 22, 2019
S. Korea grapples with gender discrimination in workplace

South Korea has seen its female employment index improve steadily over the past 10 years, but continues to struggle with gender equality when it comes to parental leave and consequent career breaks, ...

Oct 21, 2019
S. Korea's foreign currency deposits rise in Sept.

Foreign currency deposits held by banks in South Korea continued to rise for a second straight month in September, with deposits held both by individuals and companies growing, central bank data show...

Oct 21, 2019

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