Finnair will start direct flights between Busan and Helsinki next year as a result of President Moon Jae-in's summit with his Finnish counterpart Sauli Niinistö...

More than 1 million Koreans had subscribed to 5G mobile services as of Monday, 69 days after they were launched in a somewhat dubious world-first.The...

Economists lowered again their forecasts for Singapore’s expected growth in 2019 after the year’s first quarter saw its slowest growth in nearly a decade, the...

Cho Hyun-min, the younger daughter of late Korean Air chairman Cho Yang-ho, has been reappointed to a management position at Hanjin KAL, the carrier's holding...

The Korea Composite Stock Price Index rallied for a fourth straight session on Tuesday as investors breathed a sigh of relief over the scrapping of...

5G subscribers are expected to surpass the 1 million mark this week, some two months after the service was launched.By Saturday some 900,000 customers had...

Korean tech giant Samsung Electronics has ranked third in the world in terms of the number of patents related to artificial intelligence.According to a recent...

The Chinese government has summoned the representatives of major foreign companies including Samsung Electronics and SK Hynix to warn them of "dire consequences" should they...

Global airlines urged regulators on Sunday to coordinate on software changes to the Boeing 737 MAX, thus avoiding damaging splits over safety seen when the...

The intensifying US-China trade war and rising fuel prices will continue to bog down airline profits this year, the International Air Transport Association said Sunday...

China warned Canada that it needs to be aware of the consequences of aiding the US in an extradition case involving Chinese tech giant Huawei...

LG on Wednesday officially opened its first home appliances plant in the U.S., the world's largest market, to take on local giant Whirlpool. LG dodged...

Huawei officially launched a 5G tryout lab in Seoul on Thursday overshadowed by a U.S.-led boycott that is part of the Trump administration's trade war...

China on Friday (May 31) said it would release a blacklist of "unreliable" foreign companies and individuals, hitting back after the United States targeted telecom...

China accused the United States of "naked economic terrorism" on Thursday (May 30) as Beijing ramps up the rhetoric in their trade war.The world's top...

Fiat Chrysler proposed a merger Monday with Renault, a union that would create the world's third biggest automaker.The merger, if it happens, would vault the...

The United States on Tuesday (May 28) added Singapore and Malaysia to a watchlist of trading partners for currency practices, citing both countries' foreign exchange...

Pharma firm Kolon Life Sciences on Tuesday lost its license for an osteoarthritis gene therapy drug called Invossa for falsely reporting a key ingredient.Invossa was...

GM Korea on Monday broke ground on a new paint shop in Changwon, South Gyeongsang Province.The new 67,000 sq. m facility capable of spray-painting up...

Investors are increasingly turning to safe-haven assets as the intensifying trade war between the U.S. and China is rattling stock markets around the world.Jittery investors...

After posting losses in the film business for the past three years, CJ E&M is very likely to see a reversal of fortune thanks to...

While Huawei's founder brushes aside a US ban against his company, the telecom giant's employees have been less sanguine, confessing fears for their future in...

Singapore hopes China and the United States can develop a relationship based on “coopetition”, that is, to cooperate in mutually beneficial areas while competing, said...

Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service...

China's Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its...

Korean TV makers were pushed even further into second place in the global market in the first quarter of this year by their Chinese rivals....

The United States is at least a month from enacting its proposed tariffs on US$300 billion in Chinese imports as it studies the impact on...

The founder of Chinese telecom giant Huawei is dismissing the decision by the United States to blacklist the company on the grounds it poses a...

M1 fibre broadband customers reported having trouble accessing the Internet on Wednesday morning (May 22).In a Facebook post at about 9am, the telco said: "Customers...

The OECD on Tuesday slashed Korea's economic growth forecast for this year by another 0.2 percent from its previous projection to 2.4 percent.That is now...

Hanjin Group chairman Cho Yang-ho, who was ousted from the board of flagship subsidiary Korean Air days before his sudden death last month, was entitled...

Ford plans to cut 7,000 jobs, or 10 percent of its global workforce, as part of a reorganization as it revamps its vehicle offerings, the...

The giant U.S. internet search engine Google said Monday it is restricting China's Huawei from access to its Android operating system in compliance with the...

Samsung chief Lee Jae-yong launched a marketing blitz to gain a foothold in Japan's 5G mobile communication market.Japan hopes to launch full-fledged 5G services when...

Sales of Hyundai's second-generation hydrogen fuel cell SUV Nexo have passed 1,000 units so far this year. It is the first time Hyundai has reached...

Chinese telecoms giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder and CEO Ren Zhengfei...

Ottawa plans to proceed "full steam ahead" on ratification of a free trade agreement with the US and Mexico, Canada's foreign affairs minister said Saturday...

A salaryman would have to save every penny he earned for 8.7 years to buy a home in Seoul, surrounding Gyeonggi Province or Incheon, according...

A growing number of people have given up looking for work altogether as the job market hits new troughs every month. The biggest increase occurred...

The number of employed people grew by just 170,000 last month, slowing from a deceptive increase of 250,000 over the previous two months.President Moon Jae-in...

Chinese Premier Li Keqiang has vowed to mobilise all resources to create jobs and stabilise the employment market as the China-US trade war threatens to...

Huawei Technologies unveiled on Wednesday (May 15) a new database management system, in a bid to expand its enterprise business and challenge Western rivals such...

Walt Disney Co. will take full control of Hulu in a deal with co-owner Comcast Corp. that envisions the value of the streaming service soaring...

LG Chem signed a deal to supply batteries for Volvo's electric vehicles, it said on Wednesday.Volvo plans to stop developing gasoline-powered vehicles within this year...

Seoul Mayor Park Won-soon has proposed relocating Seoul National University Hospital from Yeongeon-dong to Chang-dong in northern Seoul.The proposal involves moving the prestigious hospital to...

China and the United States both have the "ability and wisdom" to reach a trade deal that is good for both, the Chinese government's top...

Singtel is set to post its lowest annual profit in 16 years on Wednesday (May 15), underscoring challenges Southeast Asia's largest telecoms firm faces as...

Samsung performed well in the North American market in the first quarter of this year thanks to its latest Galaxy S10 smartphone series.According to analysts...

Korea is expected finally to be removed from a U.S. watchlist of currency-manipulating countries, Bloomberg reported Thursday citing American government sources. The U.S. Treasury Department issues...

China and Singapore have renewed the Bilateral Currency Swap Agreement (BCSA) worth 300 billion yuan (S$60 billion) for three years.This was announced by the Monetary...

Hamleys  the world's oldest toy shop, has been sold to Mukesh Ambani, India's richest man, in a deal worth almost £70m.Mr Ambani's Reliance Industries bought the...

Current global tensions are a major setback for sustainable development, the Secretary-General of the United Nations Antonio Guterres said at the World Trade Organization on...

It's not justified to split Facebook for being a "big" company when it comes to technology's impact on society, a top executive of the social...

"PlayerUnknown's Battlegrounds," last year's most popular online multiplayer game developed by Korea's Bluehole, is at risk of being forced out of China.Part of the reason...

Stock markets plunged in recent days amid dire economic indicators and jitters over a U.S.-China trade war.The won closed at W1,179.80 against the U.S. dollar...

US President Donald Trump's tariff increase to 25 percent on USD 200 billion worth of Chinese goods took effect on Friday, and Beijing said it...

Roger Federer's return to clay lasted only three matches.A day after saving two match points at the Madrid Open, Federer squandered two match points himself...

LG will join the 5G fray with V50 ThinQ phone on Friday.The gadget has two front and three rear cameras and sports a 6.4-inch screen....

Amazon launched its high-tech Go convenience store a year ago, where shoppers can pull items off the shelf and walk out.Now it’s adding a decidedly...

Efforts to end a U.S.-China trade war are in shambles after the United States accused China of reneging on its commitments and prepared to raise...

Samsung does not seem to be ready yet to release its foldable Galaxy Fold smartphone after it delayed its planned launch last month due to...

Asiana Airlines will take its unprofitable first-class seats out of all international flights in September, 29 years after the carrier first introduced them on flights...

Philippine authorities have launched an investigation into some business owners accused of exclusively catering to Chinese customers in the country.According to local media Monday, the...

One in three small business owners in Korea contemplated closing down over the last year due to the sharp increase in the minimum wage and...

Hyundai will start sales of the 2019 version of its Avante compact on Tuesday."The car has been upgraded since its complete makeover last year," said...

China had backtracked on commitments in trade talks, prompting US President Donald Trump to threaten additional tariffs over the weekend, but Washington would be willing...

Online-only brands and goods are finding an ever-expanding market.They mainly target millennials who prefer online shopping to shopping in stores, and the advantages include cutting...

US President Donald Trump announced on Sunday (May 5) that the United States would raise tariffs on US$200 billion of Chinese goods to 25 per...

Indonesia's economy grew slower than expected in the first quarter, official data showed Monday (May 6), as exports contracted for the first time since 2016...

India will have 2,500 new hospitals in the next five years thereby creating 2.5 million additional jobs, Niti Aayog Member (Health) Dr V K Paul...

Xiaomi’s smartphone sales volume decreased by 10.2% year on year to 25 million units in the first quarter amid a 6.6% drop in global smartphone...

US-based Eastman Chemical was fined 24 million yuan (US$ 3.6 million) by Chinese market regulators for abusing its dominance in the market for a type...

Exports from the United States to China slumped by 7 percent last year, as the trade dispute between the two countries began to bite, but...

Driven by stronger domestic consumption and larger investment inflows into the region, the economy of the Asia Pacific region is expected to double in the...

Korean men in their 20s have emerged as a fast-rising consumer segment in the luxury goods market.Department stores are coming up with tailored marketing strategies...

Australia's big banks - once among the most profitable in the world - are being forced to amass war chests worth billions of dollars to...

Global stocks were mixed Tuesday ahead of a Federal Reserve decision on monetary policy and while investors digested varied economic data from the United States,...

Far from being a Netflix killer, Apple envisions its forthcoming Apple TV+ streaming service as one that could sit alongside other services that viewers buy,...

Running a restaurant is notoriously difficult business. Especially so in lean and competitive times such as these, in a spoilt-for-choice-food haven that is Singapore. Which...

South Korea's Samsung Electronics Co Ltd flagged improved second-half results on expectations of a pick up in memory chip and smartphone sales, after posting its...

Samsung on Monday unveiled a vertical TV targeting young people who are accustomed to vertical mobile phone screens.Named the Sero, which means vertical in Korean,...

Boeing chief executive Dennis Muilenburg will face shareholders on Monday (Apr 29) for the first time since two fatal crashes that led to the 737...

Southeast Asia's biggest lender DBS Group beat market estimates to post a record quarterly profit, as strong lending income offset weakness in wealth management, brokerage...

The State Bank of IndiaNSE 2.06 % on Monday filed a recovery suit against Prashant and Ravi Ruia, before the Debt Recovery Tribunal (DRT) here...

Prior to the latest cooling measures introduced in July 2018, the last time similar regulations were rolled out to moderate the residential private property market...

LG Electronics will relocate 750 workers from a smartphone manufacturing factory it is closing in Pyeongtaek, south of Seoul to its home appliance plant in...

Korea's economy shrank 0.3 percent in the first three months of this year, the biggest decline since the 2008 global financial crisis.The Bank of Korea...

China’s Belt and Road Initiative (BRI) can move beyond the development of physical infrastructure and traditional bilateral partnerships, while taking a transparent and market-driven approach...

Chinese President Xi Jinping urged dozens of world leaders on Saturday (Apr 27) to reject protectionism and invited more countries to participate in his global...

LG Household and Health Care on Thursday said it acquired an American cosmetics company to expand its foothold in the U.S.LG signed a deal to...

LG is about to close its smartphone factory in Korea after four years of losses and move production to Vietnam, sources said Wednesday.LG is already...

The Hanjin Group has appointed Cho Won-tae as its new chairman after his father Cho Yang-ho died suddenly earlier this month.The appointment of scandal-tainted Cho...

The Korean won on Wednesday fell to less than W1,150 against the U.S. dollar to the lowest level in a year and nine months.The won...

A new integrated train testing centre (ITTC) will soon be built at the former Raffles Country Club site to test rail systems around the clock...

Samsung Electronics Co. Ltd. said Monday it would delay the retail launch of its Galaxy Fold smartphone for an unspecified period of time after reviewers...

Hawaii’s iconic Waikiki Beach could soon be underwater as rising sea levels caused by climate change overtake its white sand beaches and bustling city streets.Predicting...

The wage gap between big and small businesses is much wider in Korea than in Japan.The average monthly salary in Korea's big conglomerates is a...

China's Huawei will open a 5G service development center in Seoul next month.The center will provide equipment and technological support for Korean businesses to test...

Samsung has decided to postpone this week's launch of its foldable smartphone, the Galaxy Fold, after screen troubles emerged in review units the company offered...

Jewel Changi Airport welcomed its first visitors on Thursday (Apr 11) as it opened its doors to the public for a preview to its wide...

With a crucial rescue plan aborted just weeks before its court-approved debt moratorium expires, Hyflux will have until Apr 25 to indicate if it needs...

Youth unemployment has soared to over 25 percent if those who work part-time or are economically inactive to prepare for public service exams are included.The...

Some reforms in India have shown the benefits of digitalisation which has also reduced the opportunities for discretion and fraud, the IMF said in its...

Air taxis will soon be hovering over Singapore's skies as trials are set to get underway in 2019.The Civil Aviation Authority of Singapore (CAAS) revealed...

The EU on Tuesday warned Korea of legal measures if it continues to drag its heels in ratifying key International Labor Organization rules.European Trade Commissioner...

Australian gambling giant Crown Resorts on Tuesday confirmed a takeover offer from US gaming group Wynn Resorts, estimated to be worth more than US$7 billion,...

China's state planner wants to ban bitcoin mining, according to a draft list of industrial activities the agency is seeking to stop in a sign...

Pinterest, among the gaggle of tech companies hoping to go public this year, set a conservative price range Monday for its initial public offering. It...

Oil prices rose to their highest levels since November 2018 on Monday (Apr 8), driven up by OPEC's ongoing supply cuts and US sanctions against...

Facebook Inc's messaging app WhatsApp on Thursday launched its WhatsApp Business app for Apple Inc's iOS operating system, allowing small businesses to communicate with customers...

Six out of 10 real estate experts predict that home prices in Seoul will fall over the next year, according to a survey of 106...

KHALIFA HAFTAR’S decision would be troubling enough under normal circumstances. On April 4th Libya’s strongest warlord ordered his men to march on Tripoli. His self-styled...

The vehicles on Beijing’s boulevards offer little evidence that China has a car industry at all. Range Rovers seem to outnumber all the Havals, Changans...

Hailed as a bright spot in 2017, the strong recovery in the en bloc sector received a rude shock after the property market was slapped...

Spring is here, but retailers have yet to see a thaw in frozen consumer spending. Unseasonable cold spells and toxic smog are partly to blame...

More than 60 percent of Starbucks outlets in Korea will be cashless amid the growing use of credit cards and mobile payments, the coffee giant...

Hyundai management and union on Thursday agreed to increase production of the popular Palisade SUV after a month of negotiations.Hyundai's new large SUV was a...

Chinese electric vehicle maker Future Mobility plans to set up operations in Korea at GM Korea's former plant in Gunsan, which was shut down last...

Korea on Wednesday became the first country to launch the high-speed 5G mobile phone service, with connections starting at 11 p.m.The country's three mobile providers...

Japanese prosecutors arrested ousted Nissan boss Carlos Ghosn for a fourth time on Thursday (Apr 4) on charges of trying to enrich himself to the...

Ousted Nissan boss Carlos Ghosn promised to "tell the truth" at a news conference next week, taking to Twitter to announce his first briefing since...

For the Emperor's abdication on Apr 30, Japanese workers will enjoy an unprecedented 10-day holiday as a rash of special days off combine with the...

Hyundai has suffered its first-ever domestic loss since the carmaker was listed on the stock exchange in 1974. The main reasons are rising raw material...

Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country's value-added tax (VAT) rate...

Cathay Pacific's purchase of rival HK Express was an inevitable plunge into the no-frills market as the premier marque belatedly faces the reality that it...

Hyundai's Ioniq hatchback was named the most energy efficient electric vehicle in the U.S.The Environmental Protection Agency said Sunday the Ioniq has the highest fuel...

LG will launch its first smartphone designed to run on a 5G network in Korea this month.The V50 ThinQ will go on sale on April...

Beijing Kunlun Technology, the Chinese owner of Grindr, says it has yet to reach any agreement with U.S. authorities in response to reports that the...

Factory activity in China unexpectedly grew for the first time in four months in March, an official survey showed on Sunday, suggesting government stimulus measures...

Samsung smartphones in some segments now cost less than Huawei's, which had been viewed as a cheap alternative until quite recently. The reason is that...

Many of Korea's once-lucrative wedding halls have closed down as marriage fell to an all-time low last year. The number of wedding halls fell from...

U.S. President Donald Trump said on Friday that trade talks with China were going very well, but cautioned that he would not accept anything less...

Hanjin Group chairman Cho Yang-ho in a humiliating defeat Wednesday lost control of Korean Air, the jewel in his troubled empire's crown, after a series...

The United States and China open the latest round of their trade talks Thursday (Mar 28) as the economic superpowers edge towards a deal to...

The United States and China have made progress in all areas under discussion in trade talks, with unprecedented movement on the touchy issue of forced...

Nissan has told affiliate Renault Samsung it will only order the production of 60,000 cars this year, down 40 percent compared to 2018, the Korean...

Only shops in Seoul's financial district of Yeouido and glitzy Gangnam are still thriving even as the lights are going out in other commercial areas...

Samsung Electronics took the rare step on Tuesday of warning against dismal first-quarter earnings even before it releases preliminary figures on April 5."We decided to...

Singapore's February core inflation rate eased to 1.5 per cent from a year earlier, its lowest in nine months, due to smaller increases in the...

The U.S. and China could reach a trade agreement in a matter of weeks, but that's unlikely to improve relations between the two economic giants...

Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than...

Tata Motors Limited, a USD 45 billion organisation, and a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles, on Saturday...

Turkey’s beleaguered lira was the world’s worst-performing currency March 22, down almost 6% against the US dollar on the day as of 1:00 pm New...

Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States...

What is estate planning? It is the preparation of tasks that serve to manage an individual’s asset based on the event of their death or...

Citigroup Inc has fired eight bankers and suspended three others from its equities trading desk in Hong Kong after an internal probe revealed misconduct in...

Samsung is ready to launch the fifth-generation mobile wireless technology with its Galaxy S10 smartphone.The electronics giant said Thursday that it will release the 5G...

The National Tax Service has launched a probe into YG Entertainment, the talent management agency that used to represent Seung-ri of boy band Big Bang,...

Korea ranked 12th in the world in terms of market-leading export products with 77 in 2017, the Korea International Trade Association said on Wednesday.Among them,...

U.S. President Donald Trump warned on Wednesday (Mar 20) that the United States may leave tariffs on Chinese goods for a "substantial period" to ensure...