SK Innovation on Tuesday broke ground for a plant to produce batteries for electric vehicles in the U.S.U.S. Secretary of Commerce Wilbur Ross and Governor...

Hyundai is investing US$300 million in Indian ride-hailing app Ola, the Korean carmaker said Tuesday.Hyundai vice chairman Chung Eui-sun met with Ola CEO Bhavish Aggarwal...

Samsung said Tuesday that it will unveil its new mid-priced Galaxy A smartphone at a media event in Bangkok on April 10.The Galaxy A series...

Malaysia has received interest from some local and foreign firms to buy national carrier Malaysia Airlines Bhd (MAB), Prime Minister Mahathir Mohamad said on Wednesday...

The Philippines' transport regulator said on Tuesday (Mar 19) it has rejected an appeal from Indonesia's Go-Jek to launch a ride-hailing service, having denied Go-Jek's...

The number of part-time workers who work less than 15 hours per week rose 11.3 percent last year to 756,000 after a drastic hike in...

Sales at duty-free stores set a new monthly record of W1.74 trillion last month, the Korea Duty-Free Shops Association said on Monday (US$1=W1,133). The figure...

Facebook is continuing to work to remove all video of the mass shooting in New Zealand which the perpetrator livestreamed Friday, the company said Sunday."We...

Hyundai's completely revamped Sonata sedan has gotten off to a good start.The carmaker said it sold over 10,000 Sonatas in just five days since it...

Deutsche Bank and Commerzbank confirmed on Sunday (Mar 17) they were in talks about a merger, prompting labour union concerns about possible job losses and...

Pakistan owes its "all weather friend" China at least USD 10 billion for the construction of the Gwadar port and other projects, a top US...

The United States on Friday (Mar 15) clashed with China at the UN Security Council over Beijing's Belt and Road initiative, saying the infrastructure investment...

A major scandal involving Seung-ri of K-pop boy band Big Bang and other celebrities has sent the stock of his management agency YG Entertainment into...

Facebook says it is aware of outages on its platforms including Facebook, Messenger and Instagram, and is working to resolve the issue.According to downdector.com, which...

The number of people in employment rose by 260,000 in February on-year, putting a temporary stop to growing unemployment.But most of the new jobs were...

Japan's Nissan Motor and France's Renault on Tuesday (Mar 12) retooled the board structure of the world's largest car-making alliance, putting themselves as equals after...

The Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines, Prime Minister Mahathir Mohamad said on Tuesday (Mar 12).The government...

Exports continue to slow in March, raising alarm bells for Korea's chief source of economic prosperity.According to the Korea Customs Service on Monday, exports in...

Ousted Nissan boss Carlos Ghosn is seeking permission from the Tokyo District Court to attend the company's board meeting on Tuesday, Yomiuri newspaper reported on...

Kia is also mulling downsizing in China, which includes closing a plant in Yancheng, Jiangsu Province.Plummeting sales in China has already forced its sister company...

The trade war may have sent ripples of uncertainty through the world's second-largest economy but one corner of China has so far remained steadfastly buoyant...

Like many women, I devoured Lean In, Facebook chief operating officer Sheryl Sandberg’s corporate feminism manifesto, during my toddler’s nap time.But one statement stopped me...

British and EU officials were meeting on Saturday (Mar 9) to try again to break the deadlock over their divorce deal, less than three weeks...

Renault Samsung's two-seater electric car Twizy will be available at E-Mart starting this month, the superstore chain said on Thursday. The Twizy will be sold...

Kia unveiled the revamped version of its eco-friendly Niro SUV in Seoul on Thursday. The facelifted version comes with bolder looks and improved safety features....

Loans to restaurants, retail and wholesale businesses that were most badly hit by the steep rise in the minimum wage surpassed W200 trillion last year...

US manufacturers increasingly worry trade spats and other factors will dampen their growth prospects, while widespread worker shortages are also hampering industries nationwide, the Federal...

Toyota Europe's CEO has warned the firm could end production in Britain by 2023 if the country exits the European Union without a deal, the...

US President Donald Trump said on Wednesday (Mar 6) that trade talks with China were moving along well and predicted either a "good deal" or...

Korea's per-capita gross national income grew 5.4 percent on paper last year to reach US$31,349, the first time it broke the magical $30,000 barrier.The development...

Three new budget airlines received their flight licenses from the government on Tuesday, the Ministry of Land, Infrastructure and Transport said.The new low-cost carriers are...

The biennial Seoul Motor Show will take place under the theme of "Sustainable Connected Mobility" at KINTEX in Ilsan, Gyeonggi Province from Mar. 29 to...

The Jeju provincial government is bent on revoking a controversial license to build Korea's first for-profit hospital after Greenland International Hospital failed to open on...

China lowered its economic growth target and unveiled tax cuts on Tuesday (Mar 5) as the country struggles with a crackdown on debt, a slowing...

Indonesia and Australia inked a long-awaited trade deal on Monday after months of diplomatic tension over Canberra's contentious plan to move its embassy to Jerusalem.Indonesian...

Chinese telecoms giant Huawei's chief financial officer, Meng Wanzhou, has filed suit against Canadian authorities for violating her constitutional rights when she was arrested in...

Singapore’s services sector must bite the bullet and prepare for a day when there may be a dearth of foreign workers willing to work here...

Think about the companies like Uber and Airbnb that have burst through into public consciousness in the past ten years. While many of them depend...

If readers, like Schumpeter, have children who barely have time to say hello as they hunch over a computer, headsets on, talking with friends while...

Hyundai on Wednesday presented a blueprint for its future and pledged to invest W45.3 trillion, most of it in research and development (US$1=W1,119).Until 2016, Hyundai...

A federal appeals court on Tuesday cleared AT&T's takeover of Time Warner, rejecting the Trump administration's claims that the $81 billion deal will harm consumers...

European companies say business conditions in Korea have grown significantly worse. The European Chamber of Commerce in Korea polled 129 CEOs of European companies based...

Brexit is turning Dublin into a new financial hub, with the city a top contender for banks, funds and law firms needing a continued presence...

Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank's two per cent goal, at...

LG unveiled its latest V50 ThinQ smartphone in Barcelona on Sunday, a day before the opening of the Mobile World Congress there.While the launch was...

Asiana Airlines has won coveted additional flights between Incheon and Ulaanbaatar, which had been monopolized by Korean Air for 30 years, while a budget carrier...

Koreans bought nearly US$3 billion worth of products on international e-commerce websites for the first time last year.According to the Korea Customs Service on Monday,...

Hyundai's Tucson SUV topped the ratings in an evaluation by German magazine Auto Bild, the automaker said Sunday.Tucson received a score of 524 out of...

Three people are reportedly presumed dead after an Amazon Air cargo flight, operated by Atlas Air, crashed today in Texas.A search is underway for the...

Sales at Kim Chang-bae's hardware shop in South Korea rise every year thanks to Camp Humphreys, an enormous US military base he is frightened will...

What will Finance Minister Heng Swee Keat’s leadership style look like as Prime Minister?Since rumours he may take over the top job in the country...

Hotel Shilla on Thursday became Korea's first hotel to be awarded five stars by Forbes Travel Guide, often considered the "Michelin Guide for hotels."Now in...

The gap between rich and poor grew even further in the fourth quarter last year as the government's income-led growth policy foundered on the rocks...

Samsung plans to roll out the world's first foldable 5G smartphone in Korea around the middle of May, according to the company's mobile chief Koh...

Sales of long padded parkas that were all the rage here last winter, especially among teenagers, are declining this season due to warmer-than-usual weather.Manufacturers boosted...

Ssangyong started taking pre-orders for its new Korando SUV on Monday, ahead of its launch next week.The new midsize SUV comes with a range of...

Finance minister AHM Mustafa Kamal on Monday said three new banks were approved after a complete study and considering their necessity, reports UNB."The central bank...

LG is set to unveil its first smartphone to run on a 5G network at this year's World Mobile Congress, which kicks off in Barcelona,...

Hyundai's high-performance Veloster N series is fast establishing itself as a "fun car."Developed with the priority on enhanced driving thrills, the N brand was launched...

Saudi Arabia and Pakistan signed a raft of investment deals on Sunday (Feb 17) worth up to US$20 billion for the cash-strapped South Asian country,...

Greece plans to pump as much as 1 billion euros ($1.1 billion) into its banks over the next five years by subsidizing a part of...

Trade talks between the US and China have broken up without a deal, with the US warning that "very difficult issues" remain unresolved.The talks in...

Eight employees of Brazilian mining company Vale S.A. have been arrested over January’s deadly dam collapse.Since the disaster on January 25, the company has also...

Korean airlines are competing fiercely for lucrative flight routes to Mongolia after the two sides agreed to allow multiple carriers to fly between Incheon and...

The government pressured appraisers to hike their valuation of prime property for tax purposes, sources said Thursday.A look at the latest assessment of the 10...

Jumbo Group is set to open a seafood restaurant in Seoul by September this year, in its first foray into the South Korean market.The new...

Hyundai and affiliate Kia said Wednesday that they will scrap their traditional process of hiring new recruits regularly twice a year and shift to a...

Korean game developers posted paltry earnings in the fourth quarter last year. Netmarble said Wednesday that fourth-quarter sales fell 20.9 percent on-year to W487.1 billion,...

A state-run think tank projects unemployment in Korea to reach four percent this year. Unemployment rate peaked at seven percent during the 1997 Asian financial...

Circles.Life will soon cancel its popular 20GB for S$20 data add-on option, the digital telco said on Wednesday (Feb 13).The Data Plus option, which offers...

Legions of Filipino and Indonesian housekeepers in Hong Kong are adding another task to their already long to-do lists: caring for the city's growing ranks...

Wall Street stocks jumped on Tuesday (Feb 12) as President Donald Trump downplayed the chance of another government shutdown and said he could delay new...

Women have a stronger preference for Mercedes-Benz sedans than men, who seem to prefer BMWs if left to their own devices.Online car dealer zigcar.net analyzed...

China overtook Korea for the first time in terms of global LCD TV sales last year. LCD models account for more than 80 percent of...

Samsung plans to unveil a new mid-priced smartphone this month. Tentatively called the Galaxy S10E, the new model will be featured at a media event...

Finance Minister Heng Swee Keat will deliver Singapore’s 2019 Budget Statement in Parliament next Monday (Feb 18) at 3.30pm, the Ministry of Finance (MOF) said.The...

International Monetary Fund chief Christine Lagarde on Sunday (Feb 10) met Pakistani Prime Minister Imran Khan and assured him that IMF stands ready to support...

Japan’s Oshima Agricultural Machinery MFG. Co. will begin producing rice-drying machines as early as March in Myanmar, one of the world’s major rice producers.Its first...

The British government has canceled a contract to ship goods to the country after Brexit with a company that turned out to have no boats...

It was fear of being dominated by a Chinese behemoth that sparked an attempt by large French and German rail companies to join forces to...

Most of Korea's rich people expect the real estate market to stagnate for the next five years as new anti-speculation measures bite, a straw poll...

Tour operator Hyundai Asan said Thursday that it is celebrating its 20th anniversary in North Korea's Mt. Kumgang resort on Friday.The company is sending 22...

The head of manufacturing at French automaker Renault issued a stern warning last Friday to striking workers at the Korean subsidiary.Jose-Vicente de los Mozos Obispo,...

The dominance of Korean beer in the domestic market is being challenged as drinkers turn to a wide range of affordable imported beer and wine...

A UN trade official has warned a US plan to raise tariffs on Chinese goods next month would have "massive" implications for the global economy.The...

Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union speech failed to give markets fresh trading catalysts, while the...

Toyota Motor Corp’s quarterly operating profit edged up as continued increase in sales in Asia, including China, offset lower sales in North America, its biggest...

China’s Ministry of Finance and the State Administration of Taxation have co-released a series of new policies to exempt valued-added tax for elderly care institutions,...

The People’s Bank of China has released its latest reform plan which focuses on its function, internal organizations and staff, The Paper reported.A new Macro-Prudential...

The authorities may expand the direct financing function of bank asset management subsidies, said Tao Ling, deputy director of the Financial Stability Bureau at the...

U.S. and Chinese officials are discussing a potential meeting between Presidents Donald Trump and Xi Jinping in late February, two sources told CNBC.The meeting would...

The DF-26 intermediate-range ballistic missile, also known as the “Guam killer,” continues to be surrounded by great hype in China.Chinese military experts cited by China...

Starting out in 1996 with the aim of providing its fellow countrymen with an affordable way to fly, Philippine low-cost carrier Cebu Pacific has since...

Hyundai Heavy Industries, the world's largest shipbuilder, and second-ranked Daewoo Shipbuilding and Marine Engineering are seeking a merger. The result will be a mammoth company...

Frontier Services Group (FSG), a Hong Kong-listed security firm founded by a former US Navy Seal, has signed a preliminary deal to run a training...

The board of Goldman Sachs Group Inc said on Friday it is withholding a bonus worth at least US$7 million from former chief executive Lloyd...

There is no need for the central bank to activate quantitative easing, said Sun Guofeng, director of the Monetary Policy Committee at the People’s Bank...

The Korea Composite Stock Price Index closed up 1.05 percent on Wednesday at 2,206.20 points, finishing above the 2,200 level for the first time in...

U.S. video-streaming provider Netflix has attracted more than a million users in Korea on their Android mobile devices alone, just three years after entering the...

Another Chinese national working for Apple’s autonomous vehicle project has been arrested and accused by the FBI of stealing trade secrets.The investigation into Jizhong Chen...

The China Securities Regulatory Commission on Wednesday issued the much-anticipated overall plan for setting up the Science and Technology Innovation board on the Shanghai Stock...

HiteJinro exported over US$50 million worth of soju or Korean distilled liquor last year. It was the first time the company surpassed the figure since...

China’s automobile production and sales recorded negative growth in 2018, the first time it experienced such a slowdown in 28 years.While the passenger car sector...

Struggling Meitu, the tech firm based in Xiamen, has reinvented itself and appears to have pinned its hopes on video games – virgin turf for...

China has released the much-anticipated stimulus policy to boost the upgrade to energy-saving home appliances before the arrival of Chinese New Year, Yicai.com reported.The government...

The United States Justice Department on Monday unsealed a series of charges against Chinese telecoms giant Huawei, further escalating tensions prompted by a prolonged campaign...

Chinese conglomerate HNA Group is planning to sell its last piece of land held in Hong Kong, The Paper reported.HKICIM, a subsidiary of HNA Group,...

S&P Global Inc. has been given the green light to carry out credit rating operations in China and to set up a wholly-owned subsidiary in...

China’s smartphone shipments fell 14% year-on-year to 396 million units in 2018, the second consecutive year that the market has experienced negative growth, its overall...

Kia launched an upgraded version of its midsize Sorento SUV on Monday.The automaker said the new Sorento comes with various advanced driver assistance systems and...

With the increasing opening up of China’s bond market, yuan bonds continue to be popular among overseas investors, Economic Information Daily reported.By the end of...

Do they un-ring a bell at the bottom of the market? The tariff war between the US and China provoked a temporary shutdown of capital...

Cracks are opening in China's mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs.The world's second-largest economy...

Chinese tech giant Xiaomi's cheap and cheerful smartphones topped the Indian market last year, beating Samsung into second place.Xiaomi grabbed a 28 percent share of...

France is stepping up controls of telecoms infrastructure used in next-generation networks, a finance ministry official said, amid growing security concerns over Chinese group Huawei.The...

When Vietnam and Russia established a new inter-parliamentary cooperation committee, an agreement finalized in December when Russian State Duma Chairman Vyacheslav Viktorovich Volodin visited Hanoi,...

Despite the economic downturn, Chinese consumption still has potential for growth, said Gao Feng, the spokesman for the Ministry of Commerce, The Beijing News reported.In...

Hyundai recorded its lowest operating profit in eight years last year. The carmaker on Thursday said sales inched up 0.9 percent from the previous year...

Planning remains on track for the most consequential US-China trade talks since a tariff truce was declared in December, according to a report on Friday.Vice-Commerce...

At the World Economic Forum in Davos, Switzerland, this week, Jack Ma made a comment that made his audience chuckle. When asked how he recruited...

Hainan, an island province and China’s southernmost point, is planning to introduce guidance for the development of sports tourism, including water sports, beach sports and...

While it is implementing newly introduced tax and fee reduction policies, the Ministry of Finance (MOF) is planning to initiate larger-scale tax cuts and more...

BMW is recalling up to 99,000 cars to replace intake manifolds. The Ministry of Land, Infrastructure and Transport said Wednesday that it ordered the German...

More investment in new infrastructure projects relating to information and the Internet is expected in 2019. This is thanks to government efforts to boost infrastructure...

Kia launched a revamped version of its compact car Soul on Wednesday.The all-new version comes with the tag "Soul Booster" to differentiate it from the...

Consumption can support rapid economic growth in China for 20 years, as there is still great potential for increasing sales of automobiles and homes, 21st...

Japan logged a trade deficit last year for the first time since 2015, with export growth slowing amid tensions between the country's two biggest trading...

The growth of the financial industry is expected to be better in 2019 than it was in 2018, 21st Century Business Herald reported.On the one...

Japan's central bank again revised down its inflation forecasts on Wednesday (Jan 23), in the latest sign of its struggle to reach a long-sought 2...

Lottery ticket sales reached an all-time high of W3.96 trillion last year, according to the Finance Ministry on Tuesday (US$1=W1,132).Lottery sales typically spike in a...

Only one in 10 university students who are about to graduate have already landed a permanent job with full benefits, a survey suggests.Employment portal Job...

The key to improving direct liquidity is establishing an incentive mechanism that encourages banks to actively increase their support for the real economy, instead of...

Although Samsung Electronics will take a cautious approach to capital expenditure this year amid falling chip prices, the confidence of the  colossus is solid, due...

Korean IT and game companies are increasingly venturing into new global markets on the back of opportunities created by the huge popularity of K-pop stars...

The Surgical Strike' winning applause from cinephiles and critics alike, the Vicky Kaushal starrer has attracted the attention of makers of South Indian films. mid-day...

A property tax draft will be submitted to the Standing Committee of the National People’s Congress – China’s parliamentary body – for review this year,...

Domestic smartphone makers are releasing a series of mid-priced but still stylish smartphones with some high-end features, in order to counter Chinese rivals as competition...

China’s top priority in 2019 must be financial reform, which is necessary if the economy is going to join the ranks of high-income countries by...

Korean gaming giant Nexon's online game "Dungeon Fighter" ranked second in sales worldwide last year, according to a report released Sunday by Nielsen Media Research.Developed...

A new theme park in Sanya, on Hainan Island off southern China, has become the first in the country to operate on a 24-hour basis.Haichang...

Hyundai's big butch Palisade SUV that was unveiled late last year has found eager customers in men approaching their midlife crisis or with families to...

Chinese phone maker Xiaomi is planning to invest more than 10 billion yuan (US$1.46 billion) on AIoT – which stands for “All in the Internet...

President Moon Jae-in on Thursday threw the government's support behind hydrogen cars as the future of eco vehicles. Speaking at an event in the southern...

The similarities between China and the United States are far greater than their differences in the area of trade, and their interests are highly intertwined,...

In 2018, the operating income and net profit of the key state-owned enterprises (SOEs) achieved double-digit growth of 10.1% and 15.7%, respectively, from a year...

The China Banking and Insurance Regulatory Commission has given the green light to the Bank of China (BOC) to issue no more than 40 billion...

Hyundai on Thursday released its new lineup of eco-friendly Ioniq models, which includes a hybrid electric vehicle (HEV) and a plug-in hybrid electric vehicle (PHEV).After...

Mercedes-Benz will release a range of new eco cars in the Korean market this year, Dimitris Psillakis, the German carmaker's Korea chief, said Thursday.Mercedes-Benz had...

Korea earned a middling score for innovation in rankings by the organizers of the world's biggest consumer electronics show, despite its reputation as an IT...

Chinese tech giant Huawei is facing a growing backlash overseas and increased scrutiny of the company is putting its efforts to dominate emerging fifth-generation network...