The average paychecks of small and midsized enterprises are only half of those provided by conglomerates, data showed Sunday, causing young jobseekers to shy away from applying for such positions. According to the research conducted by the Ministry of Employment and Labor, employees of companies with more than 300 staff made 5.61 million won ($4,960) monthly in 2015. In contrast, those working a...

Special prosecutors said Saturday they will summon the de facto leader of Samsung Group for additional questioning over his alleged involvement in the high-profile corruption scandal that has rocked the country for the past several months. Lee Jae-yong, who has already been arrested formally, will be brought to the special prosecutor‘s office Sunday to face questioning over allegations he offere...

South Korea failed Thursday to repatriate rescued North Korean fishermen, as the North did not respond to its call, Seoul's unification ministry said. South Korea had planned to send the five crewmen rescued in the East Sea earlier this week back to North Korea via the truce village of Panmunjom on the inter-Korean border earlier in the day. (Yonhap) The government will try to contact the neig...

Award-winning Korean filmmaker Hong Sang-soo attended the Berlin International Film Festival together with actress Kim Min-hee on Thursday to promote their latest film nominated in the main competition category. Filmmaker Hong Sang-soo (left) and actress Kim Min-hee attend a press conference held at Berlin Internationl Film Festival on Thursday. (Yonhap) It was their first public appearance aft...

The size of South Korea's hedge fund market grew to nearly 7 trillion won ($5.81 billion) this year as deep-pocketed investors rushed into the market amid the stagnant stock market performance and low interest rates, data showed Saturday. The total assets under management by local hedge fund operators stood at 6.69 trillion won as of Dec. 23, a rapid increase from 2011 when hedge funds were firs...