Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Monthly users on local streaming platforms outpace Netflix, Disney+
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Seoul to promote luxurious side of the city
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More self-made entrepreneurs join Korea's rich list
Park Hyun-joo, Kim Jung-ju make top 10 list for the first timeKorea’s list of the wealthiest people has welcome two non-conglomerate players, according to Chaebul.com, a company tracking the country’s conglomerates. The list of the richest people in Korea, especially the top 10, used to be dom
Oct. 10, 2011
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POSCO, Samsung to make sharp greenhouse gas emission cuts in 2012
South Korea’s top businesses such as POSCO and Samsung Electronics Co. will have to significantly cut their greenhouse gas emissions output in 2012 to help stem global climate change, the government said Monday.The Ministry of Knowledge Economy said leading steelmaker POSCO needs to cut emission lev
Oct. 10, 2011
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New EUCCK head stresses deregulation, logistics
The head of the European Union Chamber of Commerce in Korea said Monday that Seoul must do more to ease business-related restrictions and improve its logistics infrastructure.In a news conference to mark his appointment as EUCCK president, Jean-Luc Valerio said change is needed if South Korea wants
Oct. 10, 2011
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Korea rice output to fall to 31-year low
South Korea’s rice production is expected to fall to the lowest level in 31 years due to bad weather and a steady decrease in the size of rice paddies, a government report showed Monday.The report by Statistics Korea said the country’s rice production could reach 4.21 million tons this year, down 1.
Oct. 10, 2011
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River project at core of Korea’s green growth vision
New reservoirs to ratchet up water security, renewable energy useThe government’s five-year river refurbishment project epitomizes Korea’s commitment to “green growth,” a development model aimed at balancing environmental conservation and economic prosperity. President Lee Myung-bak has stressed cle
Oct. 10, 2011
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Merck Korea opens new R&D laboratory on OLED
Merck Ltd. Korea said on Sunday that its new Application Development Laboratory has gone into operation at the Advanced Technology Center in Poseung, Pyeongtaek in southwestern Gyeonggi Province. The multinational company started the operation after holding an opening ceremony for the laboratory, bu
Oct. 9, 2011
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KRX holds investor session in Hong Kong for Korean firms
HONG KONG ― The KOSDAQ Global Investors Conference took place at Shangri-La Hotel on Friday, offering a venue for an investment relations session for 12 South Korean companies traded on the tech-heavy KOSDAQ. The first-ever IR conference for the leading firms listed on the secondary stock market was
Oct. 9, 2011
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Korea seeks to export river restoration technology
Four-river restoration project opponents changing their tune after seeing improvements: ShimFor the last three years, the Lee Myung-bak government has been struggling to convince its own people of the worthiness of its multi-billion-dollar project to modify the country’s four largest river basins. B
Oct. 9, 2011
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Major KOSDAQ firms meet up with foreign investors
SINGAPORE -- The recent rout in the global financial market has amplified, among other things, the high volatility of the tech-heavy KOSDAQ stock market in South Korea, with many of its small and midsize firms’ shares varying wildly. Benjamin Ng, managing director of Whitefield Capital Manageme
Oct. 8, 2011
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S. Korea's CDS premium jumps most in 32 months
SEOUL, Oct. 7 (Yonhap) -- The cost of insuring South Korea's sovereign debt against default climbed the most in 32 months, growing two times faster than that of eurozone countries, data showed Friday.The credit default swap (CDS) premium on South Korea's foreign currency bonds with five-year maturit
Oct. 7, 2011
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Artists talk how their designs changed the world
The third session of Herald Design Forum 2011, “Culture and Design,” kicked off with a keynote speech by Chung Joon-mo, curator and general director of the Cheongju International Craft Biennale 2011. He discussed the roles of curators and critics, and the role of art museums, galleries and exhibitio
Oct. 6, 2011
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U.S. picks up pace on FTA ratification
The Korea-U.S. Free Trade Agreement could receive approval from the U.S. Senate as early as next week, Deputy Minister of Trade for FTA Choi Seok-young said Thursday. “The House Ways and Means Committee passed the bill for the Korea-U.S. FTA implementation, and at this rate, we expect the bill to be
Oct. 6, 2011
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Biz body urges paradigm shift for higher economic growth
South Korea must transform itself from a “fast follower” to “a first mover” in order to achieve sustainable growth and become a global economic power, the country‘s top business group said Wednesday.In a gathering to mark its 50th anniversary, the Federation of Korean Industries said past growth str
Oct. 5, 2011
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Dozens of smaller firms to face risks of debt workout
A total of 55 small and mid-size companies in South Korea, mostly manufacturers and property developers, were found to have bad financial health that may put them under a debt workout program or a court receivership, industry data showed Wednesday.Local banks completed an assessment of 899 companies
Oct. 5, 2011
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S. Korea's foreign reserves fall by most in nearly 3 years in Sept.
SEOUL, Oct. 5 (Yonhap) -- South Korea's foreign exchange reserves fell by the most in nearly three years in September due mainly to the weaker dollar conversion value of non-dollar assets and suspected dollar-selling intervention.The country's foreign reserves reached $303.38 billion as of the end o
Oct. 5, 2011
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Korea’s per-capita GDP to exceed $30,000 for first time in 2015: IMF
South Korea’s per-capita gross domestic product is expected to exceed $30,000 for the first time in 2015, a report showed Tuesday.According to the report by the International Monetary Fund, South Korea’s per-capita GDP is forecast to reach $31,733 in 2015, up from this year’s projection of $23,749.T
Oct. 4, 2011
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Korea-U.S. FTA to cause large reduction of farm production
SEOUL, Oct. 4 (Yonhap) -- The implementation of the signed free trade agreement (FTA) with the United States will likely cause billions of dollars in damages to South Korea's farming industry, a government report showed Tuesday.According to the report from the Ministry of Food, Agriculture, Forestry
Oct. 4, 2011
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S. Korea's consumer prices grow 4.3 pct in Sept.
SEOUL, Oct. 4 (Yonhap) -- South Korea's consumer prices grew at a slower pace in September than a month earlier, but they still remained above the government's annual inflation target mainly due to high food and oil prices, a report showed Tuesday. According to the report by Statistics Korea, the co
Oct. 4, 2011
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Obama sends FTAs to Congress before S. Korean leader's trip
WASHINGTON, Oct. 3 (Yonhap) -- In a long-awaited move, U.S. President Barack Obama on Monday sent free trade agreements (FTAs) with South Korea, Colombia and Panama to Congress, pressing lawmakers to pass them promptly. Obama's action raises hopes that the ratification process will be completed
Oct. 4, 2011
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Seoul to inject $1.1b into resources development
South Korea plans to increase its spending on the development and purchase of overseas mines by nearly 10 percent next year to significantly boost its energy self sufficiency, the government said.According to the Ministry of Knowledge Economy, the government is requesting 1.31 trillion won ($1.1 bil
Oct. 3, 2011