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Samsung Pay partners with PayPal

Samsung Electronics said Monday it signed a partnership agreement with the US payment service provider PayPal to collaborate for the mobile payment service Samsung Pay. Through the partnership, more...

Updated : 2017.07.17 22:22

‘Financial aid for minimum wage hike is temporary’: FTC chief

Fair Trade Commission chief Kim Sang-jo on Monday said the government’s financial aid to small firms to help them pay for the minimum wage hike will be temporary, in light of growing debate over the...

Updated : 2017.07.17 18:11

[News Focus] Hamburger phobia spreads following child's illness

A lawsuit filed against McDonald’s Korea claiming that a 4-year-old contracted a condition causing kidney failure after consuming a hamburger at the fast-food chain has been spreading fear about the...

Updated : 2017.07.17 16:57

Samsung’s Harman acquires British hi-fi brand

Harman International, a wholly-owned subsidiary of Samsung Electronics, acquired British hi-fi company Arcam this month, Samsung confirmed on Monday. “It is true that Harman acquired Arcam in July ...

Updated : 2017.07.17 16:40

LG Chem completes new production plant for diagnostic reagents

South Korea’s LG Chem said Monday that it has completed its new plant designed to produce diagnostic reagents — drugs used to conduct tests using samples taken from the human body such as blood and...

Updated : 2017.07.17 15:25

LS Cable to export submarine cables worth W62b to Singapore

LS Cable, Korea‘s leading cable manufacturer, said on Monday that the company clinched a deal to supply submarine cables worth 62 billion won ($54 million) for the Singapore Powergrid’s project. U...

Updated : 2017.07.17 15:05

GS Retail to work with China’s SF Express

GS Retail on Monday said that its delivery service unit CVS Net had signed a contract with China’s major delivery service solutions company SF Express to provide overseas delivery services to local ...

Updated : 2017.07.17 15:00

No. of self-employed retailers drops amid weak consumption

The number of people who run small businesses without any employees in the retail sector declined this year, data showed Monday, amid a prolonged slump due to lukewarm private consumption in Asia's f...

Updated : 2017.07.17 11:53

Top financial regulator nominee vows restructuring in petrochemical, steel sectors

The nominee for the nation's top financial regulator said Monday he would take "bold" steps in restructuring the petrochemical and steel sectors Choi Jong-ku, a former deputy finance minister who se...

Updated : 2017.07.17 11:34

Jin Air services 19m passengers since launch

Jin Air Co., the budget carrier unit of Korean Air Lines Co., said Monday the number of passengers it has served has exceeded the 19 million mark since it began operations nine years ago. Jin Air cu...

Updated : 2017.07.17 11:16

Top conglomerates stingy in making public donation

Listed firms of the nation's top 10 conglomerates were stingy in making public donations last year, even though their profits increased, industry data showed Monday. According to the data by market ...

Updated : 2017.07.17 10:55

LG says its robot vacuum cleaner as 'intelligent as 7-year-old child'

LG Electronics said Monday that independent studies showed its robot vacuum cleaner released earlier this year were as intelligent as a 6-to-7-year-old child. Citing a research conducted by Robotics...

Updated : 2017.07.17 10:28

Dependence on coal-fired power output still high

South Korea's coal-fired power generation increased this year as the country's new government vows to reduce its dependence on fossil fuels and nuclear power, industry data showed Monday. According ...

Updated : 2017.07.17 09:52

Posco shows signs of recovery

The nation‘s largest steelmaker shows signs of financial recovery this year amid years of heavy corporate restructuring as securities companies expect Posco’s operating profit this year to reach it...

Updated : 2017.07.16 17:04

[Monitor] More than a half of college graduates are jobless

More than a half of unemployed people in South Korea were college graduates in the second quarter, according to Statistics Korea. The number of jobless people with a bachelor‘s degree and above rea...

Updated : 2017.07.16 16:17