Secession fears cloud Myanmar peace talks: government

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E-Land sells Modern House to MBK for W700b

E-Land Group closed a deal with MBK Partners to sell its home and living business for 700 billion won ($626 million), according to the company Sunday. The company will sell 100 percent of its shares...

Updated : 2017.05.21 13:58

New budget carrier based in Pohang gets ready for flight operations

A new budget carrier based in Pohang will complete its business registration this week so it can prepare to start flight operations in late 2017, the government said Sunday. Air Pohang had requested...

Updated : 2017.05.21 11:46

Asset size of Korea's top 4 biz groups expands 30% in 5 yrs

Asset size of South Korea's top four business conglomerates grew by more than 30 percent over the past five years, a corporate information provider said Sunday. Data provided by Chaebul.com showed c...

Updated : 2017.05.21 09:28

SMEs use KCON Japan to promote products, conduct export talks

South Korean small and medium enterprises used the 2017 KCON Japan event to promote their products and hold export talks with prospective clients, the Small and Medium Business Corporation said Sunda...

Updated : 2017.05.21 09:12

Corporate deposits at banks fall by most in Q1: data

Corporate deposits held by South Korean banks decreased by the largest amount in the first three months of the year, central bank data showed Saturday, as businesses are moving to expand investment a...

Updated : 2017.05.20 13:59

[Monitor] Average of 160,000 won spent to watch mobile ads

A consumer spends an average of over 160,000 won ($142) per year while watching advertisements on their mobile devices, showed a report released by a civic consumer group Friday. Last year, this was...

Updated : 2017.05.19 18:30

SK hynix joins Toshiba bid with Bain Capital

SK hynix has joined the final bidding for Japanese tech giant Toshiba’s memory unit, it said Friday, to acquire part of a stake in the unit instead of a complete acquisition, reportedly in partnersh...

Updated : 2017.05.19 17:55

Demand for solar panels rises in apartments

Demands are rising among apartment residents to set up solar panels in their complexes since the government started to offer more subsidies for the installation costs last year. The Seoul Metropolit...

Updated : 2017.05.19 16:56

Samsung Electronics joins 5GAA

Samsung Electronics Co. said Friday it became a member of the board of directors for the 5G Automotive Association, in line with its move to tap deeper into the next-generation automobile industry. ...

Updated : 2017.05.19 16:31

SK Telecom releases budget Galaxy Wide 2

South Korea's top mobile carrier SK Telecom Co. said Friday it has released Samsung Electronics Co.'s Galaxy Wide 2 smartphone. The 5.5-inch smartphone comes with a detachable 3,300mAh battery, alon...

Updated : 2017.05.19 16:17

[Photo News] Rolls-Royce Motor Cars unveils Ghost Seoul Edition

SEOUL EDITION -- British luxury carmaker Rolls-Royce Motor Cars on Friday unveiled the Ghost Seoul Edition, with an illustration of the landmark Namsan Seoul Tower, along with the colors red, blue, w...

Updated : 2017.05.19 16:09

Samsung aims to rebound in China with Galaxy S8

Samsung Electronics is aiming to rebound in China with the rollout of its new flagship smartphone Galaxy S8 after losing its market share to local handset makers in recent years. The Korean tech gian...

Updated : 2017.05.19 16:02

Korea imposes 10% anti-dumping duties on Chinese offset printing plates

South Korea decided to impose up to 10 percent anti-dumping duties on Chinese-made aluminum plates for offset printing, the trade commission here said Friday. The Korea Trade Commission said it will...

Updated : 2017.05.19 15:46

Samyang Optics seeks to double sales by 2020

Samyang Optics Co., which is set to be listed on the country's secondary bourse next month, said Friday it seeks to double its sales by 2020. The South Korean producer of lens said it plans to bolst...

Updated : 2017.05.19 15:32

Cigarette sales rise for 2nd month in April

Sales of cigarettes in South Korea rose for the second month in a row in April despite the government's push to print graphic health warning on the outside of packages, government data showed Friday....

Updated : 2017.05.19 14:57