Sewol ferry safely placed on semisubmersible ship

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Credit finance firms' net profits rise 16.5% in 2016

Earnings of South Korea's credit finance firms rose 16.5 percent last year from a year earlier, helped by a continuing rise in household and corporate lending, data showed Wednesday. The combined ne...

Updated : 2017.03.22 09:15

Trade deals with emerging markets alternative to slowing China exports

Signing trade accords with emerging markets could offer a solution for South Korea, which is coping with slowing exports to China, a local think tank said Wednesday. In the past eight years, China h...

Updated : 2017.03.22 09:12

Safety commission OKs restart of Hanbit 2 nuclear reactor

South Korea's nuclear commission on Tuesday approved the restart of a reactor along the west coast that was shut down 10 months ago for maintenance. The Hanbit No. 2 reactor at the nuclear power pla...

Updated : 2017.03.21 20:07

Coca-Cola, WWF team up for water conservation in PyeongChang

The Coca-Cola Co. and the World Wildlife Fund teamed up with South Korea’s government organizations to protect water resources in PyeongChang on Tuesday, one day ahead of World Water Day. A memoran...

Updated : 2017.03.21 18:19

Jeju seeks industrial transformation via carbon-free tech

Forget about the Jeju that you used to know. The nation’s southern resort island, famous for its natural surroundings, slow pace of life and fresh seafood, is seeking an industrial transformation th...

Updated : 2017.03.21 16:56

Samsung chairman’s wife emerges as key person in succession scenario

Hong Ra-hee, the wife of Samsung Chairman Lee Kun-hee, could become a key person in the ongoing succession scenario at the nation’s largest conglomerate, industry insiders said Tuesday, citing her s...

Updated : 2017.03.21 16:55

Lotte skyscraper gets press viewing

Soaring 555 meters into the sky in southern Seoul, Lotte World Tower is a behemoth of a building filled with everything from high-end offices to serviced residences and an observation deck. South Ko...

Updated : 2017.03.21 16:26

Kumho Tire acquisition conflict grows more political

Chinese tire maker Qingdao Doublestar, which recently signed on for the acquisition of Kumho Tire, said in a press release Tuesday that it will retain all current job positions of employees at the co...

Updated : 2017.03.21 16:25

Naver to spend W10b on science content for encyclopedia

Naver Corp., the operator of South Korea's dominant Internet portal, said Tuesday that it will invest 10 billion won ($8.9 million) in beefing up its basic science content over the next four years to...

Updated : 2017.03.21 15:30

Higher court upholds dismissal of Hyosung chairman over cooking books

An appeals court on Tuesday upheld a lower court ruling to dismiss a South Korean business tycoon who was accused of violating the accounting law for years. The Securities and Futures Commission und...

Updated : 2017.03.21 14:37

Asiana Airlines to raise fares on routes to Jeju next month

Asiana Airlines Inc., South Korea's second-biggest passenger carrier by sales, said Tuesday it will raise fares on its domestic routes to the southern resort island of Jeju by an average of 5 percent...

Updated : 2017.03.21 14:20

Doosan Infracore hits fresh yearly high on earnings hope

Stocks of Doosan Infracore Co. traded at a yearly high Tuesday as investors scooped up the country's leading construction equipment maker on hopes for an improved business performance. Doosan Infrac...

Updated : 2017.03.21 14:06

Tourism biz battered by Chinese vacuum amid THAAD row

Duty-free shops and hotels in South Korea are beginning to feel the pain from a sudden drop in Chinese customers following a travel ban by Beijing, one of a series of trade restrictions in apparent p...

Updated : 2017.03.21 12:38

Daewoo Shipbuilding losses should be shared by stakeholders

South Korea's chief financial regulator said Tuesday that stakeholders of Daewoo Shipbuilding & Marine Engineering Co. should shoulder losses, a precondition for another round of rescue package for t...

Updated : 2017.03.21 12:37

Samsung showcases teaser for presumed Galaxy S8

Samsung Electronics Co., which is set to unveil its new flagship smartphone later this month, on Tuesday introduced a teaser poster which apparently describes the presumed Galaxy S8 smartphone. The ...

Updated : 2017.03.21 12:33