Retailers are apprehensive about the U.S.-China trade war, an executive at a Hong Kong cosmetics chain said Thursday, calling the conflict the biggest risk to...

An Abu Dhabi sovereign wealth fund is suing Goldman Sachs over an alleged conspiracy involving Malaysia's 1MDB fund.International Petroleum Investment Company (IPIC) and its subsidiary...

For the first time ever, China has released a new indicator measuring the value added output of its “new economy,” recording 12.96 trillion yuan (US$1.87...

Wall Street stocks fell early Friday, with petroleum shares down on plunging oil prices and retailers mixed at the start of the holiday shopping season.Just...

Oil prices fell on Friday to lows not seen since last year as concerns over high crude supplies prompted massive selling, according to dealers.The WTI...

Fresh figures show that the income gap has widened to unprecedented levels despite the Moon Jae-in administration's attempts to stimulate growth by boosting the incomes...

Production and imports of consumer products containing monazite, a radioactive mineral that emits radon, will be banned from the second half of next year.The Nuclear...

LG Electronics said Thursday that it will give 3,900 temporary workers at 130 service centers across the country permanent employment contracts. They will be directly...

China’s Ministry of Industry and Information Technology revealed that it is taking the lead in drafting a series of documents supporting the development of small...

Both the Shanghai and Shenzhen stock exchanges successively issued guidelines to regulate listed companies’ suspension of trading on Wednesday night, seeking more public opinion on...

Korea's biggest e-commerce company Coupang has secured a US$2 billion investment from Japan's SoftBank Vision Fund.With the cash injection, Coupang said Tuesday it will accelerate...

Korea's household debt has surpassed W1,500 trillion or an average of W80 million for every household in the country (US$1=W1,130).The Bank of Korea said Wednesday...

Samsung's upcoming flagship smartphone Galaxy S10, set for release early next year, will come with a massive 6.7-inch screen and six cameras, the Wall Street...

Chinese major phone maker and telecom equipment manufacturer Huawei has signed 22 contracts with carriers around the world to commercialize 5G technology, The Paper reported.In...

Samsung is struggling in the Chinese smartphone market, selling only 700,000 smartphones in the world's most populous country in the third quarter of this year,...

The government is turning the state-run home-shopping channel into an exclusive outlet for products made by small firms at home. The channel was launched in...

Chinese entrepreneurs are optimistic about global economic growth, and nearly 90% of respondents expect the mergers and acquisitions (M&A) environment to improve, according to a...

China’s auto market, which has maintained rapid growth for several years, is racing toward a sales ceiling, Yicai.com reported, quoting an automotive expert.In 2017, the...

Companies are getting worried a month ahead of the end of a six-month grace period before the maximum working week is reduced to 52 hours...

Reducing the “shares pledge” risk for listed companies and easing financing difficulties for private enterprise have become top priority in the current economic climate, Economic...

The average annual wage of salaried workers in Korea last year stood at W34.75 million, up 2.2 percent from the previous year, while 440,000 people...

Poor and uneducated workers are feeling the brunt of the minimum wage hike, which has backfired by putting many temporary employees out of work altogether.In...

Residential units are seen clustered tightly together in an apartment complex in the Quarry Bay area of Hong Kong.Hong Kong housing prices could fall 25...

Corporates are now paying an annual salary of 800,000 yuan (US$115,304) for a fresh graduate with a doctoral degree in the artificial intelligence sector, compared...

The Fujian provincial government has set up a 15 billion yuan (US$2.16 billion) bailout fund to rescue promising private enterprises with “shares pledge” risks, Yicai.com...

The devastating terrorist attack in Dhaka in July 2016 that killed seven Japanese citizens could not dampen the Far East nation's attraction towards Bangladesh when...

It was a mixed picture for markets in Asia on Friday, on the back of fresh uncertainties emerging from the U.K. overnight after multiple important...

American banking group Citi said their corporate clients have started making adjustments to their supply chains due to the trade war between the U.S. and...

Egypt is looking to use its vast, newly tapped undersea gas reserves to establish itself as a key energy exporter and revive its flagging economy.Encouraged...

The United States will not back down from its trade dispute with China, and might even double its tariffs, unless Beijing bows to US demands,...

The East Asia Institute, a private foreign policy and security think tank in Seoul, has set up an English-language website about North Korea.Global North Korea...

Individuals are now allowed to buy into local government debt via the counter business in the inter-bank bond market, according to a notice co-released by...

For the first ten months of this year, China attracted and utilized 701.16 billion yuan (US$101.04 billion) in foreign investment, a rise of 3.3% from...

The Bank of China (BOC) is planning to invest no more than 10 billion yuan (US$1.44 billion) to launch a wholly-owned wealth management subsidiary, The...

Food and beverage manufacturers are raising their prices ahead of another minimum wage hike. The government raised the minimum wage 16.4 percent this year and...

China's largest online travel agency Ctrip resumed sales of group tours to Korea on Wednesday after a one-year halt but changed its mind again just...

Unemployment has soared to the highest level in 13 years while job growth has fallen below 100,000 for four straight months.The government has been pumping...

A sharp increase in the minimum wage will cause some 470,000 jobs to be lost over the next four years as income disparity worsens, according...

Foreign banks in Shanghai have replaced Chinese banks to become the main force of credit supply, The Paper reported.According to the latest data released by...

The Ministry of Industry and Information Technology issued a plan on Wednesday to promote the industrial development of the next generation of artificial intelligence, Yicai.com...

Private enterprises are contributing more and more to the Chinese economy, Yicai.com reported, citing Zhong Shan, the Commerce Minister.More than 90% of domestic trade, 48%...

Rice production in Korea is at its lowest level in 38 years. Statistics Korea said Tuesday that rice output will stand at an estimated 3.87...

Samsung is set to end the year as the world's No. 1 semiconductor maker for the second year in a row. U.S. chipmaker Intel is...

Hyundai received some 3,000 pre-orders for its latest G90 luxury sedan under its premium brand Genesis.The carmaker said Tuesday that it received some 2,774 pre-orders...

Korean Air's sales hit a record in the third quarter of this year thanks to an increase in overseas travelers despite mushrooming scandals surrounding the...

The government in the first three quarters of this year collected W26 trillion more in tax revenues than during the same period last year, according...

The first test flight of a homegrown space rocket engine will be conducted at the Naro Space Center in Goheung, South Jeolla Province later this...

Auto manufacturers rebounded slightly last month after a prolonged slump. According to the Ministry of Trade, Industry and Energy on Monday, their industrial output in...

China Eastern Airlines is planing to buy a 3.154 billion yuan (US$450 million) stake in Juneyao Airlines, after selling more than 5% of its shares...

Internet traffic hijacking disrupted several Google services Monday, including search and cloud-hosting services.Network-monitoring companies say service interruptions lasted for nearly two hours and ended about...

Korean retailers enjoyed strong sales on another record-setting Singles Day, China's biggest online shopping event, on Sunday.Chinese e-commerce giant Alibaba said Monday its Singles Day...

It is estimated that tax and fee cuts this year will be greater than 1.3 trillion yuan (US$190 billion), wrote Finance Minister Liu Kun in...

China will kick off extensive 6G research this year, said Su Xin, head of the wireless technology working group at the Ministry of Industry and...

US President Donald Trump has elevated India and Japan to the top of his list of strategic partners in the Indo-Pacific region. At the same...

Chinese e-commerce giant Alibaba achieved a total transaction volume of 213.5 billion yuan (US$30.69 billion) in a single sales day during the Double Eleven Shopping...

Small and mid-sized companies are laying off workers ahead of another 10.9-percent hike in the minimum wage in January to stay afloat.According to the Korea...

The new requirement of banks’ lending to private enterprises, the so-called “one two five” goal, will not be an actual assessment target for each bank,...

The vast majority of Koreans believe the country's economy will either get worse or at best stay the same.According to a Gallup Korea poll on...

Economic ministers from the Association of Southeast Asian Nations (ASEAN) on Monday (Nov 12) signed an agreement to facilitate cross-border e-commerce transactions within the region.The...

Sneakers on a popular Chinese e-commerce platform look like Adidas, but are branded "Ababis". Underwear resembling Calvin Klein are called "Caiwen Kani". Toys with an...

China is slated to become the world’s largest theme park market by 2020, when the overall number of theme park visitors will surpass that of...

China Merchants Securities (CMSC) and its wholly-owned asset management subsidiary will set up a bail-out plan worth 2.01 billion yuan (US$290 million) to help the...

The explosive surge in apartment prices in Seoul has finally come to a halt for the first time in a year and two months and...

Online game maker NCsoft will launch five new mobile games."Five new massively multiplayer online role-playing games are set for release next year," CEO Kim Taek-jin...

Hyundai's premium brand Genesis unveiled its new G90 luxury sedan, a face-lifted version of the EQ900, on Thursday. The carmaker will start taking pre-orders for...

Korea Aerospace Industries inked a deal with Indonesia to supply three more training aircraft.KAI said it will deliver three KT-1B aircraft to Indonesia under the...

China’s banking regulator pledged to increase the proportion of lending to private enterprise, which will account for no less than 50% of new corporate loans,...

Samsung on Wednesday unveiled a latest foldable smartphone screen and other gadgets like machine-learning software.The foldable screen Samsung unveiled at an event in San Francisco...

Seven out of 10 small business owners in Korea started their mom-and-pop stores with less than W50 million in seed money, and one-third had less...

Hyundai vice chairman Chung Eui-sun is investing an extra W284 billion into ride-hailing app Grab, the Uber of Southeast Asia (US$1=W1,122). This is the biggest...

The Shanghai municipal government has released an industry map to help match foreign investors with the city’s key industries and guide the flow of social...

Chinese conglomerate Ping An Insurance said it has no plans to enter HSBC’s management, despite its increasing investment with the latter, The Paper reported.Chen Xinying,...

Commercial banks are being urged to adapt to the country’s strategic needs of economic restructuring and growth transformation, to better serve private companies and small...

Korea's current account surplus exceeded US$10 billion for the first time in a year in September.The Bank of Korea said Tuesday the surplus stood at...

Small businesses have no hiring plans for the latter half of this year amid economic uncertainty in Korea.While the top 20 businesses decided to hire...

Though politicians in Washington have grown increasingly suspicious of Chinese involvement in US academic research, one can be forgiven for being shocked to hear on...

The People’s Bank of China announced it will help private companies ease their financing difficulties via three main channels, including bonds, credits and equities, said...

Alibaba Group’s global fresh food purchaser Yunphant has signed two major deals worth US$1.9 billion with suppliers Danish Crown and JBS Group of Brazil, The...

The pace of local government bond issuance slowed down in October, with a total of 256 billion yuan (US$37 billion) in issued bonds, a significant...

Exports to China of samgyetang or whole chicken cooked in ginseng soup soared a staggering 22 times over the past three years thanks to its...

Samsung's latest QLED 8K TV was named the best TV of the year by German audio-video review magazine Video, the electronics giant said on Monday.The...

The Busan Exhibition and Convention Center was packed on Monday with 112 Japanese companies recruiting workers. Around 1,000 young Koreans in sharp business attire flocked...

China’s housing market appears to be cooling down as transaction volumes in many cities remained sluggish in October, China News Services reported.Ten major cities, including...

China is planning to make it easier for small, domestic tech companies to raise equity and to seek IPO approvals via a deregulated system.The Shanghai...

President Xi Jinping delivered a veiled warning to the White House on Monday after pledging again to further open up China’s economy to foreign competition.In...

New hires at big businesses have declined for the first time in five years, providing further ammunition to critics who say the government's job creation...

Online purchases from overseas hit a record high in the third quarter of this year. Statistic Korea said Friday that Koreans bought W695.6 billion worth...

Midea Group, a major Chinese electrical appliance manufacturer, kicked off the construction of a 13.5-billion-rupee (US$190 million) Science and Technology Park in India, Yicai.com reported.The...

Shanghai is planning to earmark 30 billion yuan (US$4.35 billion) to help private enterprises experiencing financing difficulties in the current economic market, Yicai.com reported.The Shanghai...

China will launch its first-ever International Import Expo in Shanghai on Monday amid the backdrop of the Sino-US trade spat, Xinhua news agency reported.The Expo...

US President Donald Trump’s intention to abandon the Intermediate-Range Nuclear Forces (INF) Treaty, which prevents the United States and Russia from producing and installing ground-based...

Chhatrapati Shivaji Terminus train station (previously named Victoria Terminus) and central Mumbai, IndiaIndia climbed 23 spots from a year ago to rank 77 out of...

The financial offices of banks in the financial district of Canary Wharf, are pictured from Greenwich Park in London on January 17, 2017.Pedigrees, some stretching...

Antarctica is owned by no one, but there are plenty of countries interested in this frozen island continent at the bottom of the Earth.While there...

Hyundai Motor suffered its first credit-rating downgrades in two decades.Standard & Poor's lowered its ratings of Hyundai and affiliate Kia from A- to BBB+ on...

JD Beauty has apologized for its latest marketing campaign, which sparked an outcry for being too sexist, and has created more grief for its wealthy...

Chinese President Xi Jinping has pledged to help privately-owned listed companies survive “share pledge” loan risks and promised further tax cuts and financing support, Yicai.com...

Korea's exports are forecast to set a new record of more than US$600 billion this year on the back of a boom in the global...

Internet giant Tencent debuted its independent brand Tencent Autonomous Driving on Thursday, positioning itself as a complete software and service provider for the industry, The...

The State Council will receive the legal right to make adjustments to the stamp duty on securities transactions, according to a new stamp tax law...

Hyundai Department Store opened a duty-free shop at its Samseong-dong branch in Seoul's affluent Gangnam area on Thursday."We expect to generate W670 billion in overall...

One of China’s major bike-sharing brands, Ofo, has denied rumours the company is preparing for bankruptcy and restructuring, The Paper reported.According to the rumours, a...

Internet giant Baidu is planning to turn a district in Shanghai city into an “advanced smart city,” The Paper reported.The company has signed a strategic...

China now ranks No.46 out of 190 in the latest ranking of business-friendly countries, according to the report Doing Business 2019 published by the World...

Samsung posted record operating profit of more than US$15.4 billion in the third quarter of this year, the company said Wednesday. The result was up...

If you want some thrills this Halloween, you should try tricking yourself for a change. In this Spotlight, we look at some spooky experiments that'll...

The growth rates of net profit among China’s big five banks  exceeded 5% for the first three quarters, with asset quality and profitability improved, Yicai.com...

Hyundai Motor will cut production of commercial vehicles by 30 percent and relocate 280 assembly workers amid dwindling sales.The automaker's third-quarter operating profit was W288.9...

Apple's new iPads will resemble its latest iPhones as the company ditches a home button and fingerprint sensor to make room for the screen.As with...

Peppa Pig’s family, including Danny Dog and Rebecca Rabbit, have finally landed in Shanghai.The Peppa Pig World of Play is now officially open in Shanghai...

The number of permanent jobs available in Korea has declined sharply this year, resulting in the largest number of temporary workers in six years. The...

State-owned enterprises under the direct administration of the central government have undertaken 3,116 projects in countries along the “Belt and Road” initiative, mainly in areas...

Chinese smartphone brand OnePlus has deftly moved into the sales channel of major US carrier T-Mobile, aiming to enter the mainstream American market, The Paper...

General Motors' CEO is expected to visit Korea amid rumors of the automaker's possible pullout from Korea. The rumors started after it decided to establish...

Chinese holding conglomerate Ping An Insurance said in an announcement that it intends to repurchase a total of no more than 10% of its publicly...

China's Xiaomi will begin selling its Pocophone F1 smartphone in Korea next month.The phone, slated for launch on Nov. 19, is equipped with high-end features...

The Chengdu municipal government has set up a 10-billion-yuan (US$1.44 billion) bailout fund to help to ease the liquidity crisis of listed companies, The Paper...

Chinese electric carmaker BYD Auto, which is backed by U.S. business magnate Warren Buffett, recorded a year-on-year net profit decrease of 45.3% over the first...

HSBC, Europe's largest bank, said on Monday its its third-quarter reported pre-tax profit jumped 28 percent from a year ago to $5.922 billion.The bank's revenue...

Shantou and Dongguan cities are the latest major centres to have issued relevant policies for state-owned enterprises (SOEs) to bail out listed companies amid the...

Samsung is looking to launch fifth-generation mobile wireless technology with its Galaxy S10 smartphone set for release early next year.According to industry sources on Sunday,...

German technology group Heraeus has set up an innovation centre in Shanghai with the aim of launching more local R&D and providing chip assembly and...

State-owned automotive manufacturer FAW Group says that the one trillion yuan in “intentional credits” granted to them by 16 banks, is in fact, just that...

A supporter takes a picture of a map of India made of flowers with a picture of BJP leader Narendra Modi on it at the...

Cryptocurrencies held up by and large on Thursday, despite a rout in global stock markets.In the afternoon of Asia hours, bitcoin had fallen by 0.23...

Alibaba Cloud has taken its Blockchain as a Service (BAAS) suite of products global.The service, that uses Alibaba’s own Ant Blockchain platform alongside technology from...

While Trump administration advisor Larry Kudlow indicated this week that the US president is still on board for a meeting with Chinese President Xi Jinping...

Robots will make robots at a new ABB factory in China, which the Swiss engineering group said on Saturday it plans to build for $150...

Blame it on Deng Xiaoping, China’s paramount leader from the late 1970s until 1997. China watchers have high expectations of southern tours.It is difficult to...

Korea's largest portal Naver has seen its operating profit plunge for four consecutive quarters due to slow growth in mobile advertising and hefty investment in...

Hyundai Motor reported a third-quarter operating profit of W288.9 billion on Thursday, just one fourth of what it made a year ago (US$1=W1,138). Direct comparison...

The Chinese banking regulator is planning to reduce the access barrier for foreign banks, as well as expand their business scope, The Paper reported.The China...

Apple's latest premium iPhone XS Max with 6.5-inch OLED screen comes here with a price tag at nearly W2 million for the 512GB model even...

McDonald’s is planning to open more than 1,800 “green restaurants” in China by 2022, aiming to become more environmentally friendly, The Paper reported.These green restaurants...

China’s imports and exports with countries along the Belt and Road initiatives exceeded 6 trillion yuan (US$860 billion) over the first three quarters, a rise...

The Korea Composite Stock Price Index fell to yet another record low on Wednesday, closing down 0.4 percent at 2,097.58 points. The last time the...

State-owned automotive manufacturer FAW Group has formed a strategic cooperation with 16 banks which intend to provide 1,015 billion yuan (US$146.17 billion) in future credits...

The government has decided to slash fuel taxes to boost the economy for the first time since the global financial crisis in 2008. Fuel taxes...

Eleven out of 20 provinces in China have recorded more than 2 trillion yuan (US$290 billion) in GDP for the first three quarters this year,...

Some Chinese banks have cut mortgage interest rates in major cities with high demand for homes, including Beijing, Guangzhou, Hangzhou and Foshan, the 21st Century...

Lotte Group will invest W50 trillion and hire 70,000 new staff over the next five years, chairman Shin Dong-bin pledged in an executive meeting Tuesday...

Tencent Holdings, famous for snapping up smaller companies and startups, appears to have called a halt to its spending spree.Pony Ma’s powerhouse has seen a...

Shenzhen’s municipal government has proposed an ambitious goal to become a global marine centre by 2035, The Paper reported.According to the proposal, by 2020, Shenzhen’s...

China’s industrial economy is still operating in a reasonable range and there is no need to worry over the current sluggish growth of industrial production,...

Chinese electrical appliance manufacturer Midea Group is planning to issue shares to complete a merger with laundry equipment manufacturer Little Swan in a deal estimated...

Chinese investors like to put their money where their leaders go.Six years ago, President Xi Jinping made a visit to Tencent Holdings’ headquarters and the...

The minimum-wage hike, shorter working week and giving temporary workers permanent positions have triggered rising labor costs for businesses and pushed up unemployment, the state-run...

Hyundai has started testing robotic exoskeletons that will help workers take a load off their feet and work more easily in uncomfortable positions.Tests on the...

Despite tradition dictating it being taboo in Chinese culture, people are lining up to write their wills – and the registration service is booked through...

The State Council has decided to establish a bond financing tool to support private enterprises and ease their financing difficulties in a co-ordinated market-oriented way,...