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[Photo] “Korea Black Friday” event

Shoppers look through discounted items at Lotte Department Store in Seoul‘s Myeongdong area during the “Korea Black Friday” event, which is being held to boost stagnant consumption, Oct. 1. (Yonhap Ne..

Oct.2,2015 13:55
In China, S. Korean companies have a tough time collecting cash

Since product sales are falling because of the abrupt slump in the Chinese domestic market, it’s becoming more common for Chinese commercial agents who have been selling commercial goods supplied by K..

Sep.25,2015 14:05
Bank of Korea governor predicts growth rate of higher than 2.5%

The Bank of Korea (BOK) governor predicted on Sept. 23 that South Korea’s economic growth rate for 2015 would not fall below 2.5%. Governor Lee Ju-yeol cited recovery in domestic demand levels as a f..

Sep.24,2015 11:27
Survey: S. Koreans spend more time using smartphones than eating

South Koreans use smartphone applications for more than two hours a day (not including phone calls and text messages), a recent survey found. Considering that the average time spent eating meals and s..

Sep.23,2015 16:23
86% of workers at Incheon Airport are irregular

Eighty-six percent of employees at Incheon International Airport are irregular workers, recent data show. Considered one of the country’s top public enterprises, the airport has been selected the wor..

Sep.15,2015 10:32
POSCO’s troubles compounded with huge payout to Japan’s Nippon Steel

POSCO is set to pay 300 billion won (US$254 million) in compensation to Japan‘s Nippon Steel for business secrecy and patent violations in connection with technology for grain-oriented electrical stee..

Sep.14,2015 15:30
[Photo] Rock climbing with a smart wearable

A student experiences rock climbing using a smart wearable, at the 4th Smart App Festival in Seoul Plaza in front of City Hall, Sep. 11. The event runs through Sep. 12, featuring new smart technology ..

Sep.12,2015 14:19
[Photo] Won dips to five-year low versus dollar

Staff at KEB Hana Bank headquarters in central Seoul pass by a listing of the South Korean won-US dollar exchange rate, on the day the won dipped below 1,200 per US dollar, Sep. 7. It had been five ye..

Sep.8,2015 16:37
[Photo] Biggest banking group in S. Korea launched

The unveiling ceremony for the newly merged KEB Hana Bank, at their headquarters in central Seoul, Sep. 1. The full consolidation of the two companies’ systems is scheduled to be complete in June of n..

Sep.2,2015 17:20
With Chinese economy stumbling, S. Korea could be about to “triple dip”

After bottoming out twice during the global financial crisis and the European fiscal crisis, the South Korean economy could be headed for a “triple dip downturn” because of recent developments in Chin..

Aug.31,2015 17:08
[Photo] Korea Grand Sale event for foreign nationals

At the Seoul Station branch of Lotte Mart, staff distribute pamphlets explaining the Korea Tourism Korea Grand Sale event whereby until Oct. 31 foreign nationals can get a 5,000 won (US$4.20) discount..

Aug.25,2015 13:56
S. Korean businesses scrambling in the wake of two Chinese currency devaluations

Major electronics, automobile, and petrochemical businesses in South Korea are scurrying to tally the gains and losses from two sudden devaluations of the Chinese yuan in as many days. Some are frett..

Aug.13,2015 17:34
Samsung refuses arbitration committee for leukemia victims

Samsung rejected a plan proposed by the arbitration committee to set up a nonprofit foundation to resolve the issue of leukemia among workers. Since the foundation was the arbitration committee’s prim..

Aug.5,2015 17:01
South Korea has third most NEETs among developed countries

South Korea has the third-highest percentage of “NEETs” among the OECD’s thirty-three member countries, recent data show. The “NEET” label standards for “not in education, employment or training” and..

Aug.5,2015 16:53
S. Korean firms get $5.4 billion in overseas construction projects

Five South Korean construction companies won large-scale projects in the Middle East totaling 6,287.6 trillion won, or around US$5.4 billion. The amount is the fifth largest in the history of oversea..

Aug.1,2015 20:09