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Small Businesses Reluctant to Hire Even Migrant Workers

Small and mid-sized businesses are cutting back even on hiring cheaper foreign laborers.The Korea Federation...

Korean Game Industry Runs out of Steam

Korea's video game industry is losing steam as competition from overseas heats up.Though the sector...

BMW Completes Most Recalls 3 Months After Fires

BMW Korea said Thursday that it has completed 86 percent of recalls over spontaneous engine...

Why Youth Unemployment Is Higher in Korea Than in Japan

One reason for Korea's high youth unemployment despite a shortage of workers in smaller firms...

1st For-Profit Hospital to Open in Jeju

Korea's first for-profit hospital, the Greenland International Hospital, will open in Jeju next year.In a...

Samsung BioLogics Fined for Exaggerating Its Value

The Financial Services Commission on Wednesday fined Samsung BioLogics W8 billion for intentionally inflating its...

Sanya aims to attract 900,000 tourists in 2019

Sanya, a city on the southern end of China’s Hainan Island that boasts  several bays...

State Council puts forward new employment policies

Stabilizing employment remains a top priority as the State Council released a series of employment-boosting...

Truce in Sino-US trade dispute has boosted yuan: commentary

President Xi Jinping’s bold efforts at the G20 summit and the subsequent Sino-US trade dispute...

Dual-class shares are a threat to Asian market fairness, watchdog warns

Xiaomi founder, chairman and CEO Lei Jun hits a gong at the company's initial public...

Hotel Shilla's Korean Restaurant Makes World Top 200

Hotel Shilla's Korean restaurant La Yeon in Seoul ranks 175th with a score of 92...

Samsung Extends Olympic Sponsorship Until 2028

Samsung has extended its partnership with the International Olympic Committee until 2028 from the current...

Shenzhen to launch 400-billion-yuan plan to boost private economy

The Shenzhen municipal government has put forward a massive 400 billion-yuan plan, aiming to better...

End of an era as Hopewell plans $2.56 billion privatization

Property tycoon Gordon Wu Ying-sheung plans to take his flagship Hopewell Holdings company private, according...

Korea in Biggest Construction Slump Since Asian Crisis

Korea is suffering the biggest building slump since the 1997 Asian financial crisis.According to the...

NDRC urges local governments to get rid of ‘zombie enterprises’

The National Development and Reform Commission and ten other departments have co-released a document that...