Gasoline and diesel prices will rise W58 and W41 per liter in September as tax breaks come to an end on Aug. 31 (US$1=W1,204).The Finance...

China's biggest e-commerce company Alibaba Group has delayed its up to US$15 billion listing in Hong Kong amid growing political unrest in the Asian financial...

Pilots and cabin crew at Hong Kong's Cathay Pacific Airways described a "white terror" of political denunciations, sackings and phone searches by Chinese aviation officials...

Pre-orders for Samsung's latest "phablet" in its Galaxy Note series exceeded 1 million units, the electronics giant said on Tuesday.Samsung accepted pre-orders for the Galaxy...

Despite trade tensions and other global uncertainties slowing down the economy to levels last seen a decade ago, investments into the country seem to have...

A strong Thai baht and a slowdown in arrivals from China are battering the kingdom's moneymaking tourism machine even as the country hopes to welcome...

Kia released a modified version of its Sportage compact SUV on Monday.The facelifted Sportage comes with an automotive cockpit system that controls ventilation and seat...

Korea's car production will fall to the lowest in 16 years this year amidst declining demand.According to performance reports by Hyundai, Kia and Ssangyong on...

The outlook for Korea's economic growth is getting bleaker as it faces worsening internal and external conditions.According to forecasts by 42 domestic and overseas financial...

China's State Council has called for greater development of the southern city of Shenzhen and the integration of its culture and economy with neighbouring Hong...

Tesla started sales of the Model 3 in Korea last Tuesday, more than three years after it started taking pre-orders.Although the range and function of...

Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday (Aug 17).Britain's Office of Financial Sanctions...

Back in the 1990s – a lifetime ago in internet terms – the Spanish sociologist Manuel Castells published several books charting the rise of information...

The Trump administration is sparing some Chinese-made household furniture, baby items and Internet modems and routers from its next rounds of 10 per cent tariffs,...

SK chairman Chey Tae-won's second daughter will take a relatively modest position at SK Hynix, the conglomerate's chip subsidiary.Industry insiders said Chey Min-jung will work...

Hyundai's three major sport utility vehicles earned top safety ratings from the U.S. National Highway Traffic Safety Administration.The automaker said Wednesday that its Kona, Santa...

Argentina's peso ended a tumultuous week Friday (Aug 16) having shed 20 per cent in its value against the dollar as Fitch cut the South...

The market for so-called home meal replacements is heating up in Korea as more and more Koreans stay single or have no energy left to...

Japan warned it could expand strict checks on exports to South Korea, after earlier granting approval for the shipment of a high-tech material to its...

Singtel on Thursday (Aug 8) reported a 35 per cent drop in its first-quarter net profit, in part due to regional associate Airtel's losses. "Higher depreciation...

The Korea Composite Stock Price Index fell for a sixth straight session on Wednesday on lingering worries over the U.S.-China trade war as China fixed...

Samsung unveiled the latest "phablet" in its Galaxy Note series in New York on Wednesday.The Korean giant hopes sales of the Galaxy Note 10 will...

China's currency weakened further against the dollar as the central bank lowered the yuan's daily reference rate again amid a deepening currency row between Beijing...

Hyundai and affiliate Kia were among the world's 10 best-selling electric vehicle makers in the first half of this year.Market researcher SNE Research said on...

Japanese provincial officials recently visited budget carriers in Korea to dissuade them from shutting down loss-making flights to their regions.One staffer at a budget airline...

Japanese automakers' sales have plunged 30 percent in Korea as a result of a boycott of Japan here.According to the Korea Automobile Importers and Distributors...

Samsung is ranked the world's fourth most innovative tech brand in a survey by U.S. market research consultancy Brand Keys.The consultancy released its annual survey...

Financial markets in Korea reeled Monday as the U.S.-China trade dispute flared up again and Japan struck Korea from a whitelist of preferred trading partners.Foreigners...

Gold prices are soaring amid escalating global trade spats that have sent stock markets into tailspin.According to the Korea Exchange on Sunday, the price of...

Domestic equity benchmarks BSE Sensex fell over 531 points to trade below 37,000-mark in early trade on Monday following persistent foreign fund outflows amid negative...

The Chinese yuan fell to its lowest level against the US dollar since August 2010 in morning trade on Monday (Aug 5), fuelling speculation that...

South Korea on Monday (Aug 5) announced plans to invest about 7.8 trillion won (US$6.48 billion) in research and development for local materials, parts and...

The grounding of the 737 MAX for more than four months after two deadly accidents has tarnished Boeing's reputation, but it still has the confidence...

Ministers from the 16 countries involved in the Regional Comprehensive Economic Partnership (RCEP) said it is in the region’s "collective interest" and the "highest priority"...

It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into the nation’s state-owned banks can appear to be...

A sense of crisis is spreading among small and mid-sized companies in Korea due to Korea's removal from a "whitelist" of Japan's preferential trade partners.The...

Affordable cosmetics shops are shutting down one by one due to dwindling foreign customers and a gradual switch to online shopping. For now they are...

Samsung's profits from semiconductors plunged more than 70 percent on-year in the second quarter mainly due to low memory chip prices.The company said Wednesday that...

Sales of flight tickets between Korea and Japan for the month of July were down 38 percent on-year amid an escalating spat between the neighbors,...

Motorists in their 50s were the biggest customer base for cars here in the first half of this year for the first time, overtaking customers...

Chinese and US trade negotiators started official trade talks in Shanghai on Wednesday (Jul 31) in a bid to bring an end a year-long trade...

Before heading to work every day, Shawn Jung spends about 30 minutes in front of the mirror putting on makeup. Like many other Korean men, it...

LG ranked first in terms of global home appliance sales in the first half of this year, beating Whirlpool of the U.S. The figures exclude...

Budget airlines and even flag carrier Korean Air are cutting down flights to Japan amid a dearth of bookings exacerbated by a widening boycott of...

The tech-heavy Kosdaq index has fallen to levels last seen before President Moon Jae-in took office in May 2017.The Kosdaq closed down four percent on...

The rupee opened on a weak note and declined by 4 paise to 68.79 against the US dollar in opening trade on Tuesday, amid sustained...

Hyundai is expected to build a factory in Indonesia. Indonesia's Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan met with Hyundai chief Chung Eui-sun on...

Southeast Asian ride-hailing firm Grab on Monday (Jul 29) said it will invest US$2 billion into Indonesia over five years using capital received from Japanese...

U.S. central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a...

Auto supplier Robert Bosch has revised its forecast for automotive production on Saturday, expecting a 5 per cent fall this year, bigger than an earlier...

France wants to reach a deal with the US on taxing tech giants by a G7 meeting in late August, Economy Minister Bruno Le Maire...

British Prime Minister Boris Johnson on Saturday (Jul 27) said Brexit was a "massive economic opportunity" but had been treated under his predecessor Theresa May...

Hong Kong was bracing for fresh clashes on Saturday (Jul 27) as activists vowed to defy a police ban and rally against suspected triad gangs...

Samsung will finally start sales of its Galaxy Fold foldable smartphone in September after ironing out initial screen troubles that rocked the company's reputation.Samsung on...

The Seoul Central District Court on Thursday ruled that Volkswagen and Audi must compensate customers who bought cars subject to the emissions-rigging scandal with 10...

Cycle & Carriage Singapore said on Thursday (Jul 25) it has expanded into the car leasing segment, in response to changing market demands and competition.Cycle...

The U.S. tech industry is gripped by fear over Japanese curbs on exports of high-tech materials and parts to Korea. They fear that the entire...

Pakistan Prime Minister Imran Khan on Tuesday said that India and his country can reduce poverty by trading with each other.He made the comments while...

LG Display on Tuesday announced a massive investment plan to boost its OLED panel business.The company said it will spend another W3 trillion to expand...

Philippines' Jollibee Foods Corp said on Wednesday (Jul 24) it is buying US brand Coffee Bean & Tea Leaf for US$100 million.In a filing to...

Office workers in Seoul are complaining about soaring prices in restaurants as the minimum wage rises.Staple lunch dishes such as naengmyeon or cold noodles now...

Hyundai's quarterly operating profit recovered to over W1 trillion for the first time in seven quarters (US$1=W1,178).Hyundai on Monday said its second-quarter operating profit reached...

The government has decided to allow companies to work extra hours if they are researching and developing alternative supplies amid fresh Japanese export curbs.A special...

Korean Air will spend W7.45 trillion until 2025 to buy 20 new passenger planes, the airline said last Thursday (US$1=W1,176). The move is aimed at...

Korean businesses' net profits plunged more than five percent last year, the first drop since 2005.Corporate profits after wages and taxes last year fell 5.25...

Co-working space provider WeWork is set to take over the lease of the 21-storey HSBC building in Collyer Quay, marking an expansion by the US...

British sports car maker Lotus revealed its pure electric "hypercar" on Tuesday, the first completely new vehicle to be launched under the stewardship of Chinese...

Online-only Kakao Bank saw the number of clients surpass 10 million last Thursday, just two years after it opened.It now has around one-third the number...

The government on Monday gave official confirmation to record fuel efficiency figures for the hybrid version of Hyundai's new Sonata, which is due to be...

United Arab Emirates (UAE) utility firm Utico is buying an 88 per cent stake in Singapore-based water treatment company Hyflux, the companies said in a...

US electric vehicle maker Tesla Inc has lowered the price of its mass-marked Model 3 and raised the prices of its premium Model X and...

A World Bank arbitration court has ordered the Pakistani government to pay damages of USD 5.8 billion to Tethyan Copper, a joint venture between Chile’s...

Samsung chief Lee Jae-yong on Saturday called an emergency meeting of top executives to tell them to prepare for the impact of Japanese curbs on...

US luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing...

The sun climbed higher as the clock ticked towards noon, shining mercilessly on those who were forming a long line outside a shop at the...

Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as...

US officials will soon resume face-to-face trade talks in China, a White House official said on Friday (Jul 12), reviving negotiations that had verged on...

Business leaders and labor representatives on Thursday compromised on increasing the minimum wage by just 2.9 percent next year to W8,590 an hour (US$1=W1,175).That is...

Hyundai on Thursday unveiled its new small SUV at a press event in Yongin, Gyeonggi Province.The carmaker said it aims to sell the new entry-level...

Some 1.64 million out of 2.13 million subscribers to the 5G network in the world were in Korea as of the end of June, nearly...

Asiana on Wednesday launched flights between Incheon and Ulaanbaatar, ending Korean Air's three-decade monopoly on the lucrative route.It will operate three flights a week, on...

When Resti Novita Sari booked to fly from Jakarta to her hometown of Padang to visit family for the Hari Raya holidays, airfares were 40...

British billionaire James Dyson, inventor of the bagless vacuum cleaner, has bought the most expensive apartment in Singapore, where his company plans to build an...

The growing number of single households is changing the way companies package and market goods and services.One industry that is benefiting from the rise is...

Smaller Korean businesses are as worried or more so than IT giants by Japan's export curbs on hi-tech materials.The Korea Federation of Small and Medium...

The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began...

Asian stock markets plunged Monday on strong U.S. employment figures decreasing the chances of the Fed lowering interest rates.In Korea, the plunge was compounded by...

Samsung will release a new budget smartphone, the Galaxy M20, in Korea on July 15.The phone is equipped with a high-capacity battery, a bezel-less screen...

Back in 2016, the three major Singapore telcos - Singtel, StarHub and M1 - held various meetings with investors and shareholders, reassuring them that a...

For Deutsche Bank chief executive Christian Sewing, shrinking the group's investment bank will be the relatively easy, if expensive, part of his restructuring plan.Finding steady...

Whole teams in Deutsche Bank's Asian operations were told their positions were gone on Monday (Jul 8), as the lender began axing 18,000 jobs globally...

Kia on Thursday unveiled a new financing plan for buyers of its Morning subcompact to lure more young customers.The plan allows customers to repay over...

Finance Minister Hong Nam-ki on Thursday vowed the government will come up with "corresponding steps" if Japan does not relent over export curbs on core...

Official job growth figures for young people are largely an illusion and conceal a decline in quality employment under a flood of part-time work.When May...

All eight restaurants on the fifth floor of Jewel Changi Airport as well as a bulk of the eateries on the Basement 2 level will...

Wall Street stocks retreated from records and lost ground on Friday (Jul 5) after a better-than-expected US jobs report was seen as lessening the chances...

Between the end of Ramadan in early June and the start of the scorching summer holidays, a window for dealmaking has opened in Saudi Arabia....

Boeing said on Wednesday (Jul 3) it would give US$100 million over multiple years to local governments and non-profit organisations to help families and communities...

Senior Minister Tharman Shanmugaratnam is among candidates shortlisted to succeed Christine Lagarde as International Monetary Fund (IMF) chief, the New York Times (NYT) reported on...

The government on Wednesday finally slashed its own growth forecast by 0.2 percentage points to 2.4-2.5 percent, long after most global institutions said Korea's economy...

Samsung's mobile chief Koh Dong-jin has taken blame for the debacle surrounding review models of a potentially revolutionary foldable smartphone."It was embarrassing. I pushed it...

Samsung will unveil its flagship Galaxy Note 10 in New York next month to make up for the debacle surrounding its foldable phone. The launch...

Korean companies have opened up an oil field in the UAE and senior officials from the two countries attended a ceremony in Abu Dhabi on...

President Donald Trump said on Monday (Jul 1) that trade talks with China were under way and any deal would need to be somewhat tilted...

Asian investors took a breather on Tuesday (Jul 2) as the previous day's gains fuelled by the resumption of China-US trade talks were offset by...

The shortening of Korea's notoriously grueling working hours has eased the lives of some securely employed salarymen and -women but signally failed to create more...

Prices of resale flats for the second quarter of this year fell 0.2 per cent from the first quarter, according to flash estimates released by...

Fuel prices have fallen for four straight weeks in June, the Korean National Oil Corporation said on Saturday. The average price of gasoline in Seoul was...

Tokyo said Monday it will tighten restrictions on the export of high-tech material used in semiconductor chips and smartphones in a potential blow to Korean...

Ren Zhengfei, the billionaire founder of Huawei Technologies Co. whose daughter’s arrest in Vancouver triggered a diplomatic crisis between China and Canada, said the company...

Earlier this month (Jun 14) a new car rolled off the assembly line and on to the roads of Vietnam.The VinFast Fadil is a US$17,000...

A mobile game featuring K-pop boy band Bangtan Boys, also known as BTS, has taken the world by storm, becoming an instant success upon its...

Group of 20 leaders have clearly confirmed the need for a free, fair and non-discriminatory trade policy, Japanese Prime Minister Shinzo Abe said on Saturday...

Chinese telecommunications giant Huawei said Wednesday that its 5G business has not been impacted by the recent U.S. sanctions amid a prolonged trade war between...

Korea's largest mobile carrier will join hands with Germany's top player Deutsche Telekom in a joint venture to develop 5G technologies.SK Telecom on Tuesday said...

Huawei Technologies Co employees worked on at least 10 research projects with Chinese armed forces personnel over the past decade, Bloomberg reported on Thursday (Jun...

Bitcoin tested 15-month highs on Monday after jumping more than 10 per cent over the weekend, with analysts ascribing the spike to growing optimism over...

The number of double-income families in Korea increased four percent last year as many older women found jobs to help make the ends meet amid...

Korea's economy grew only around one percent last year if semiconductor exports are excluded, according to a state-run economic think tank.There have been concerns for...

The huge commercial success of boy superband Bangtan Boys, also known as BTS, is having a vivifying effect on several sectors of the Korean economy.The...

Korea has signed only a disappointing maintenance agreement for the Barakah power plant in the United Arab Emirates it built.The government here said Monday that...

Hyundai's Ioniq hatchback is continuing its success with Singapore's top taxi operator.Hyundai said Monday it has signed a deal with ComfortDelGro to supply another 2,000...

Samsung has sold over 1 million of its first 5G phones in just 80 days after the Galaxy S10 hit store shelves, the company said...

B2B e-commerce firm IndiaMart on Monday launched its initial public offer (IPO) with a price band of Rs 970-973 to raise over Rs 474 crore.The...

Fuel prices have fallen for three weeks running, with the average gasoline prices across the country in the third week of June at W1,512.5 per...

FedEx Corp said an "operational error" caused a Huawei Technologies Co Ltd phone to not be delivered to the United States and the package delivery...

The US Commerce Department blacklisted five Chinese tech entities on Friday (Jun 21) in a new move against Beijing's supercomputing industry likely to raise tensions...

Lottie Bodilly has just bought her first home. After months of searching, the 25-year-old, together with her partner, Jackson, has found a large two-bedroom apartment...

Major banks operating in the United States would be able to withstand a severe global economic crisis with funds to spare, the Federal Reserve said...

Korean automakers dominated the latest quality survey by U.S. market researcher J.D. Power. In the annual Initial Quality Study released on Wednesday, Hyundai's premium brand...

Start-up ChaCha Creation on Thursday announced that it will launch a new ride-hailing app in Seoul in August with 1,000 vans by the end of...

Samsung on Tuesday unveiled plans to boost spending on artificial intelligence development as part of its goal to become the world's No.1 non-memory chip maker.The...

Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too. The social network unveiled...

Koreans using the premium services of online giants like Google, Facebook, YouTube or Airbnb will have to pay an extra 10 percent in value-added tax.For...

US aircraft giant Boeing got a welcome vote of confidence in its beleaguered 737 MAX plane on Tuesday (Jun 18) when International Airlines Group (IAG),...

8.49 % growth in only 5 years!Khadi fabric has experienced an enormous jump -- 8.49 per cent to be exact -- in the total textile...

Low-cost carrier Scoot is aware of its shortcomings and is working to improve its customer service and recovery standards in light of recent flight delays...

Renault Samsung released a partly modified version of its QM6 on Monday.The midsize SUV is one of the carmaker's best-selling models and the face-lift is...

Korea's three major telecoms SK Telecom, KT and LG Uplus have all bought large amounts of communication equipment from Huawei over the last four or...

Korean individuals and businesses bought trillions of won worth of U.S. dollars last month due to mounting concerns over the Korean economy.According to the Bank...

The sharing economy is rapidly spreading to car ownership, leaving the industry no choice but to come up with creative solutions.Carmakers are venturing into sharing...

Hong Kong stocks rallied on Monday (Jun 17), leading most Asian markets higher after last week's losses, with investors cheering a decision by the city...

The U.S.-China trade war has sent gold prices soaring to the highest level in five years as investors scurry to safe-haven assets.The price of gold...

Indian equities this week will be guided by factors like geopolitical developments, US-China trade negotiations and Fed interest rate decision amid lack of major domestic...

As Huawei Technologies Co. comes under fierce pressure from the Trump administration, the Chinese telecom giant has one advantage that the U.S. can’t undermine: a...

India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday (Jun 16), following Washington's withdrawal of key trade...

Another potential suitor has knocked on the doors of embattled water treatment firm Hyflux with a non-binding letter of intent for a possible investment.The China-based...

The U.S. Trade Representative's Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump's...

The labor costs of Korea's top 1,000 listed companies surged dramatically last year even though they hired only marginally more people than the year before.Labor...

LG has its sights set on India, the only country in the world where the smartphone market continues to grow.At the end of this month,...