Korea's biggest cryptocurrency exchange Bithumb has been slapped with a W80 billion bill by the National Tax Service (US$1=W1,162).Vidente, Bithumb's largest shareholder, said last week...

Lotte Hotel will open an establishment in Seattle in June next year.Alongside Hana Financial Investment, Lotte signed a US$175 million contract with U.S. hedge fund...

Samsung is expected to launch a new foldable smartphone in February next year.The new model looks to be a "clamshell-style" phone which folds from top...

Sanjay Bhatia is upbeat about the future of his business despite a slowdown in the Indian economy and his digital logistics company in Mumbai, Freightwalla,...

The aging population is a contributing factor to rising home prices over a long-term period, according a study by Korea Housing Finance Corporation out Wednesday.Jang...

Around 30 percent of college graduates in Korea were forced to find service, sales and other jobs for which they were overqualified because of the...

Assembly lines at Korea's three smaller carmakers GM Korea, Renault Samsung and Ssangyong idled for almost half of this year.The Korea Automobile Manufacturers Association on...

There are now over 30,000 qualified lawyers in Korea as of Wednesday, five years after their number broke the 20,000 mark.The Korean Bar Association pinned...

Budget carrier Jeju Air will buy out rival Eastar Jet in the first case of a Korean airline acquiring a rival.Jeju Air is the largest...

The average debt shouldered by every household in Korea now stands at W80 million, rising 2.7 times faster than the growth in disposable income (US$1=W1,167).Average...

Seven out of 10 top-end cars sold in Korea are imports, according to the Korea Automobile Manufacturers Association on Tuesday.Overall, imported cars account for 16...

Samsung has been named the world's most innovative company for the fifth consecutive year.The tech giant topped the annual Innovation Ranking, which selects the top...

The government on Monday unveiled a new set of curbs including lending restrictions aimed at cooling overheated home prices and real-estate speculation.The move comes amid...

Korea is set to get another online-only bank as Viva Republica, the fintech firm operating money transfer app Toss, launches into the market.The Toss Bank...

Korean cosmetics still play a considerable part in the Chinese market, not least thanks to cross-border traders like AIONCO.By taking orders through their global beauty...

Hong Kong International Airport reported its biggest fall in passenger numbers in more than a decade in November, official data released on Sunday (Dec 15)...

Mexico's deputy foreign minister, Jesus Seade, said on Saturday (Dec 14) he sent a letter to the top US trade official expressing surprise and concern...

After nearly two-years of bare-knuckle battling, Washington and Beijing on Friday (Dec 13) at last announced a bargain to end the dispute.The agreement came two...

The popularity of Korean cosmetics in China is waning due to an onslaught by Japanese beauty products. Korean cosmetics companies reigned at the top of...

US officials announced a truce in the trade war with China with much fanfare, but economists and trade experts call it largely a victory for...

Kia released a completely revamped version of its K5 sedan on Thursday.The new version, which arrives more than four years after its predecessor, boasts a...

Hyundai rolled out Korea's first electrically powered truck on Wednesday.The Porter II EV is based on the 1-ton Porter truck, the automaker's most popular commercial...

Korean Air is laying off older staff to weather hard times brought on by industry slump and growing competition from low-cost carriers.The flag carrier said...

The overall unemployment rate in Singapore inched up slightly in the third quarter of this year, even as total employment growth more than tripled from...

A total of 241,621 apartments have been bought and sold since President Moon Jae-in took office, and their average prices surged over 40 percent in...

Samsung's network business, which makes communications equipment, is expected to post record earnings this year thanks to the next-generation 5G mobility services.Over the past year,...

LG is pinning its hopes on a tough Japanese home appliance market with the release of a premium television there.The electronics maker said Tuesday it...

Korean bio venture firm Aprogen has been listed by tech market news site CB Insights as a global "unicorn," meaning a privately held start-up valued...

LG will try its luck one more time in Japan's notoriously tough smartphone market by launching the dual-screen G8 ThinQ (G8X) there.Ideas for innovative smartphones...

Unemployment among young people aged 15 to 29 in the OECD shrank 13.9 percent on average over last decade, but in Korea it soared 28.3...

Consumer prices in China accelerated at their fastest pace for almost eight years in November as the African swine fever epidemic caused pork prices to...

Guidelines for companies to provide proper rest areas for outsourced workers were released on Monday (Dec 9).The Tripartite Advisory on Provision of Rest Areas for...

ICTURE A LECTURE session at a business school and you probably envisage students gazing at screens filled with equations and acronyms. What you might not...

US regulators on Friday (Dec 6) said they had found now-defunct British political consulting firm Cambridge Analytica deceived consumers about the collection of Facebook Inc...

Cash-strapped carrier Hong Kong Airlines was handed a lifeline by regulators on Saturday (Dec 7) after they decided not to punish it for delaying salary...

Five of the 10 most valued firms added a total Rs 56,877.12 crore in market valuation last week, led by IT major Tata Consultancy Services...

Kia on Thursday celebrated the completion of a new factory in Anantapur in southeastern India that will be capable of rolling out 300,000 cars a...

Red thermal underwear is having a moment thanks to the Disney animated movie "Frozen II," in which heroine Elsa appears in a dress reminiscent of...

US President Donald Trump on Friday (Dec 6) called for the World Bank to stop lending money to China, one day after the institution adopted...

Sri Lanka will quickly start work on establishing a cloth processing park in Eravur, Batticaloa.There cannot be a better news for country’s garment industry, just...

The Ministry of Land, Infrastructure and Transport on Tuesday said that a fresh spate of spontaneous combustions of BMWs were not caused by defects in...

The steep increase in the minimum wage caused 42,000 full-time jobs in convenience stores to disappear in 2018 as they were unable to pay the...

GS Group chairman Huh Chang-soo will retire and pass the reins to his youngest brother, Huh Tae-soo, at the beginning of next year.The outgoing chairman...

The job range for robots is expanding. They already guide passengers at airports and cook noodles in restaurants, and now they cater to customers in...

Korea's economy is in the worst shape in 50 years as exports are hit by the protracted U.S.-China trade dispute and slumping semiconductor industry, the...

A leading Chinese expert has suggested that foreign businesses should target second-tier Chinese cities that are not immediately on their radar if they want to...

Export-dependent Korea's outbound shipments have declined continuously since December 2018.The Ministry of Trade, Industry and Energy said Sunday that exports in November dropped 14.3 percent...

A total of 3.38 million workers were earning less than the minimum wage as of August this year, accounting for 16.5 percent of total workers....

NCsoft's new mobile game "Lineage 2M" was ranked at the top in sales on Google Play Store just four days after its release last week.The...

China will use its national drug bulk-buy scheme to lower the price of drugs currently sold at higher prices compared with other markets, it said...

Malaysia's government will discuss a depreciation of the ringgit that is making imports more expensive and raising living costs, Prime Minister Mahathir Mohamad said on...

Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing's accelerated...

A French-Lebanese engineer has been chosen as secretary general of the Renault-Nissan-Mitsubishi auto alliance, part of a new business framework announced a year after former...

Not a single shipment of Japanese beer was imported to Korea last month in the wake of a Korean boycott of Japanese products, the Japanese...

Hyundai Glovis is entering China's used-car market, which is scaled at more than W100 trillion (US$1=W1,180).Hyundai Glovis was established to handle the transport of vehicles...

The amount of loans taken out by small business owners increased a record 12.1 percent or W6.4 trillion in the third quarter of this year...

A recent study has reported that rapamycin, a drug that has long served as an immune suppressor, may also slow aging in human skin.The small...

BMW is set to step up investment in Korea, including doubling staff at its research and development center here.This plan was disclosed by two executive...

The Korean car market is suffering from slump due to dire economic straits and expanding ride-sharing services, and only the rich are buying big cars.According...

The average lifespan of a W50,000 bill is estimated at 13 years and six months, the Bank of Korea said on Wednesday (US$1=W1,178).By comparison, W1,000...

Hyundai will invest about W2 trillion in Indonesia to build a car plant with an annual capacity of 250,000 vehicles (US$1=W1,178).Hyundai chief Chung Eui-sun signed...

Bike-sharing operator SG Bike announced on Wednesday (Nov 27) that it has completed its takeover of Mobike's licence, a move that will allow it to...

Korea still has a long way to go in terms of favorable conditions for women to operate a business.MasterCard said in a report released on...

Sales of wine outpaced those of imported beer for the first time at supermarket chain E-Mart in the second half of this year.Wine sales surged...

Hyundai and Kia have unveiled new electric cars designed exclusively for the Chinese market.Hyundai's all-electric Lafesta debuted on Friday at the Guangzhou International Automobile Exhibition,...

Tesla Inc Chief Executive Elon Musk said on Saturday (Nov 23) that there have been about 150,000 orders thus far for the electric carmaker's Cybertruck,...

China is expected to have more than 200 million 5G mobile subscribers by 2020, and the fast deployment of 5G in the country will benefit...

Automobile giant Tata Motors and Tata Motors DVR along with lender Yes Bank and natural resources major Vedanta will be dropped from the 30-scrip sensitive...

With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia's state energy company Petronas decided to take a pass...

With the Tokyo Olympics and Paralympics set for next summer, many accommodation facilities in Tokyo have been raising their room rates to two to four...

Kia unveiled a completely revamped version of its K5 sedan on Thursday, more than four years after the previous model was rolled out.The carmaker also...

Ediya Coffee has opened its 3,000th store, nearly two decades after it started business in 2001. The café chain on Wednesday said the 3,000th store...

Singapore narrowed its annual growth forecast to a range of 0.5 per cent to 1 per cent on Thursday (Nov 21), as official data showed...

The troubled new chairman of Hanjin Group, which owns flag carrier Korean Air, has warned that any subsidiary that does not make a profit could...

The national rail workers' union went on an indefinite strike at 9 a.m. on Wednesday, threatening service disruptions across the board.A union spokesperson said final...

The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, US President Donald Trump...

The Festival Walk shopping mall in Hong Kong that was extensively damaged during protests last week will remain closed until further notice."Due to the extensive...

Samsung is expected to lose its place as the world's top chipmaker to U.S. chip giant Intel this year due to a severe slump in...

Korea became the first country to commercialize 5G mobile services in April but continues to rely heavily on Japan for key parts for relay stations...

Korea's corporate growth rate is slower than the U.S. and Japan's, analysis shows.While Korean IT, healthcare and other new industries are growing relatively fast, they...

The Trump administration on Monday (Nov 19) issued a new 90-day extension allowing US companies to continue doing business with China's Huawei Technologies as US...

No fewer than 130 eye-wateringly expensive Lamborghinis were sold in Korea despite a recession that has most people shutting their wallets. The average per year...

Tokyo has recently approved the first export of liquid hydrogen fluoride to Korea, four months after it imposed export curbs on three high-tech materials.The materials...

Samsung's smartphone sales grew on-year in the third quarter of this year in Japan.Market research firm Strategy Analytics said on Friday the Korean handset maker...

The Centre's initiative to procure apples in Kashmir through cooperative Nafed has "failed miserably" as only 0.01 per cent (1.36 lakh boxes) of 11 crore...

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P...

Volkswagen AG will ramp up spending on electric vehicles, automated driving and other new technology by 36 percent as the world’s largest automaker challenges rivals...

Naver founder Lee Hae-jin and Softbank chief Masayoshi Son are hoping to join hands in a merger of Lee's messaging giant Line and Son's Yahoo...

ITM Semiconductor is suspected of deliberate news manipulation to push up its share price.ITM on Wednesday morning asked Digital Chosun to remove a news report,...

Seven out of eight Korean airlines reported losses in the third quarter of this year. A steep decline in the number of travelers to Japan...

Opening coffee shops is no longer a viable option for retirees and others who dream of running a cozy small business, a report by a...

Hyundai has won its maiden World Rally Championship -- one of the world's biggest motor racing events, along with Formula One -- more than two...

Global companies must understand China and other East Asian markets to make better business decisions, a top Chinese business expert warned.Dr. Xiang Bing, the founder...

 U.S. President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China “soon,” but offered no new details on negotiations...

Samsung's next foldable smartphone will only be equipped for 4G or LTE rather than 5G mobile connectivity.Industry insiders on Tuesday said Samsung is in discussion...

Samsung is taking on the Chinese smartphone market once more despite a track record of dismal failure there.The new strategy is to halt smartphone production...

Property developer HDC Hyundai Development will become the new owner of Asiana Airlines, Korea's second largest flag carrier.In a board meeting on Tuesday, Kumho Industrial,...

The US Federal Aviation Administration (FAA) said on Monday (Nov 11) that Malaysia's Civil Aviation Authority no longer meets international safety standards and has been...

Apple is aiming to launch augmented-reality headset in 2022 and a sleeker pair of AR glasses by 2023, news website The Information reported on Monday...

Chinese retailer Alibaba Group Holding Ltd's sales for its 24-hour Singles' Day shopping blitz hit a record US$38.4 billion, more than U.S. rival Amazon.com's haul...

Banks and public offices across Korea will open an hour later at 10 a.m. this Thursday to clear traffic for the nationwide college entrance exam.The...

Korean automakers are expected to produce fewer than 4 million cars this year for the first time since the global financial crisis in 2009.According to...

Samsung's foldable smartphone has become an instant hit in China.Samsung said on Weibo on Saturday that the Galaxy Fold sold out within five minutes after...

Japanese cars are enjoying a slight resurgence among thrifty Korean consumers who are taking advantage of a boycott to land a bargain.Some Japanese cars are...

A boycott of Japan here led to an 82.3-percent decline in travel bookings to the island country at Hana Tour last month compared to the...

President Donald Trump on Friday (Nov 8) said he has not agreed to rollbacks of US tariffs sought by China, sparking fresh doubts about when...

State Council meeting has unveiled 12 new measures to optimize foreign exchange management and promote cross-border trade and investment. These measures target reform of the...

A mounting death toll in Baghdad and across southern Iraq coupled with renewed internet restrictions sparked fears Tuesday that anti-government protests would once again trigger...

Huawei is not yet directly engaged with any US company over the firm's proposal to ease concerns about the security of its platform by licensing...

Foreign companies that have invested in Korea are increasingly dissatisfied with the business environment here.The proportion of foreign firms that said they are happy with...

Mitsubishi Corp, Japan's biggest trading group, said on Wednesday (Nov 6) it would shut its Singapore-based crude oil and fuel trading unit after revelations in...

The ongoing trade war between the United States and China is harming both economies, the UN said on Tuesday (Nov 5), with a sharp drop...

China's foreign ministry on Wednesday (Nov 6) urged the re-elected Canadian government to immediately release detained Huawei executive Meng Wanzhou.Geng Shuang, a spokesman at the...

In a country notorious for overwork, Microsoft Japan trialled a radical idea – working less. And it found that four-day weeks and other reforms both...

Malaysia will allow motorcycle-hailing firms such as Indonesia's Gojek and local start-up Dego Ride to start operations on a limited scale from January 2020, a...

President Xi Jinping on Tuesday (Nov 5) pledged to further open China's economy, declaring the world must "tear down walls" as he opened an annual...

Thailand said on Monday (Nov 4) that Asian countries had held conclusive talks on what could be the world's biggest trade pact and there would...

Automakers are struggling with lackluster sales amid a drawn-out economic slowdown.Korea's five automakers -- Hyundai and affiliate Kia, GM Korea, Renault Samsung and Ssangyong --...

Samsung will compete head-on with Huawei as the two giants roll out their new foldable smartphones in China.Samsung said on Weibo, China's version of Twitter,...

There is still “significant potential” for stronger economic cooperation between Association of Southeast Asian Nations (ASEAN) members and China, especially against the backdrop of a...

Plans to finalise an Asia-wide trade deal at a summit in Bangkok this weekend were uncertain after new demands raised by India in the negotiations...

Sri Lanka's economy was slowly recovering from the impact of the Easter Sunday suicide bombings that killed hundreds and crippled the booming tourism sector, the...

The U.S. government has launched a national security review of TikTok owner Beijing ByteDance Technology Co's US$1 billion acquisition of U.S. social media app Musical.ly,...

Korea's labor unions continue their ritual yearly strikes with ever noisier demands for more money and perks even as their productivity has failed to catch...

A trend toward "ultra-fast fashion" brings an even quicker turnover than the fast fashion now firmly established in the world's malls by Zara, H&M, Topshop...

Samsung has unveiled a new foldable smartphone concept just two months after rolling out the revolutionary Galaxy Fold.The electronics giant previewed the concept at its...

Apple's new iPhone 11 is an unexpected hit in Korea despite being barely different from the previous model and battling powerfully territorial domestic rivals like...

The number of temporary workers has soared since President Moon Jae-in took office in 2017 with a promise to reduce it to zero.Statistics Korea on...

The Singapore economy could experience “fits and starts” for the rest of the year and into 2020 with external headwinds, such as US-China trade tensions,...

Employers here have turned cautious when it comes to hiring as the Singapore economy hits the brakes in face of global headwinds, said the Monetary...

Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions...

Hong Kong jeweller Jun Lam has already closed one shop. His remaining outlet sits in an almost deserted shopping mall at the heart of a...

Korea's top mobile provider SK Telecom has teamed up with messaging app giant Kakao in an unusual share swap that will end their bitter rivalry...

French luxury brand Chanel will yet again hike product prices in Korea before the end of this year.Chanel will raise the prices of handbags on...

Four Paws, the global creature protection organisation, has just launched an in depth guidebook to aid brands in focusing on how they can transition their...

Apple's iPhone 11 series hit stores in Korea on Friday.According to industry sources, Apple sold approximately the same number of its latest phones in pre-orders...

Hyundai will start it first service of self-driving rides in the U.S. next month.The automaker said Sunday that it collaborated with autonomous driving start-up Pony.ai...

Samsung is minded to outsource the manufacture of tens of millions of smartphones to Chinese companies, according to industry sources on Monday, putting small and...

Profits at China's industrial firms contracted for the second straight month in September as producer prices continued their slide, highlighting the toll a slowing economy...

Beijing's new US$63 billion Daxing airport began its first scheduled international flights on Sunday as it ramped up operations to help relieve pressure on the...

Louis Vuitton owner LVMH has approached Tiffany & Co with an acquisition offer, people familiar with the matter said on Saturday, at a time when...

Audi on Wednesday rolled out a completely revamped version of its luxury A6 sports sedan in Korea.One of the automaker's best-selling models, the A6 features...

Japanese factory activity shrank at the fastest pace in over three years in October, largely hurt by slumping new orders and output, in yet another...

Mercedes-Benz released its first all-electric SUV in Korea on Tuesday.Equipped with a new 80 kWh lithium-ion battery produced by Daimler subsidiary Deutsche Accumotive, the EQC...

US President Donald Trump on Monday (Oct 21) said progress in developing the text of a partial trade pact with China means he will likely...

Three leading American drug distributors and an Israeli drug manufacturer blamed for a deadly US opioid epidemic settled a bellwether civil lawsuit with two Ohio...

China and the United States have achieved some progress in their trade talks, Vice Foreign Minister Le Yucheng said on Tuesday (Oct 22), adding that...

Hong Kong's businesses will likely foot the bill for vandalism inflicted over the past four months during the territory's most violent protests in living memory...

Gojek CEO and founder Nadiem Makarim said on Monday (Oct 21) he had resigned from the ride-hailing and payments company to join the Cabinet of...

Ride-hailing app TADA will raise its fares next month as it announced earlier amid pressure from the government and the established taxi lobby.TADA operator VCNC...