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Businesses Brace for Coronavirus ShockKorean businesses are bracing for the impact of the coronavirus outbreak, making plans to evacuate...
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Korea's Necktie Business Dying outThe necktie business is dying out in Korea as the country now widely accepts more...
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Lotte Founder Dies at 99Lotte founder Shin Kyuk-ho died on Sunday of a chronic illness. He was 99.Born in...
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China's Biggest Travel Agency Scraps Package Tours to KoreaOne of China's major travel agencies advertised package tours to Korea on its website but...
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Korean Carmakers' Sales DwindleKorea's five automakers sold some 7.92 million cars in combined sales last year, down 3.8...
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Household Debt Still Soars 2.7 Times Faster Than IncomeThe average debt shouldered by every household in Korea now stands at W80 million, rising...
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Most High-End Cars in Korea Are ImportsSeven out of 10 top-end cars sold in Korea are imports, according to the Korea...
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Gov't Unveils Tougher Curbs on Property PricesThe government on Monday unveiled a new set of curbs including lending restrictions aimed at...
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Korea to Get 3rd Online-Only BankKorea is set to get another online-only bank as Viva Republica, the fintech firm operating...
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Korea Adds Another 'Unicorn' Start-upKorean bio venture firm Aprogen has been listed by tech market news site CB Insights...
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Korea's Youth Unemployment Soars While OECD's ShrinksUnemployment among young people aged 15 to 29 in the OECD shrank 13.9 percent on...
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Korea Faces 'Worst Growth Period in 50 Years'Korea's economy is in the worst shape in 50 years as exports are hit by...
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Korea Suffers 1st Double-Digit Export Decline in 10 YearsExport-dependent Korea's outbound shipments have declined continuously since December 2018.The Ministry of Trade, Industry and...
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BMW to Expand Investment in KoreaBMW is set to step up investment in Korea, including doubling staff at its research...
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Slump Grips Car IndustryThe Korean car market is suffering from slump due to dire economic straits and expanding...
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W50,000 Notes Last Longer Than Smaller DenominationsThe average lifespan of a W50,000 bill is estimated at 13 years and six months,...
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Korea Lags in Business Environment for Female EntrepreneursKorea still has a long way to go in terms of favorable conditions for women...
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Korea's Car Production PlummetsKorean automakers are expected to produce fewer than 4 million cars this year for the...
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Audi Releases Revamped Version of Popular A6 Sedan in KoreaAudi on Wednesday rolled out a completely revamped version of its luxury A6 sports sedan...
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Mercedes-Benz's 1st Electric SUV Now Available in KoreaMercedes-Benz released its first all-electric SUV in Korea on Tuesday.Equipped with a new 80 kWh...
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Only Short-Term Employment IncreasesThe number of employed people increased by 348,000 on-year in September, but the quality of...
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IMF Slashes Korea's Economic Growth ProjectionThe International Monetary Fund has drastically slashed its economic growth projection for Korea from 2.6...
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Trade Wars 'Could Hit Korea Worst'Credit ratings firm Fitch warned on Tuesday that failure to deal with the U.S.-China trade...
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KOSPI Rallies Above 2,100 PointsThe Korea Composite Stock Price index closed up 0.45 percent on Tuesday at 2,101.04 points,...
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OECD Slashes Growth Forecast for Korea AgainThe OECD on Thursday slashed its growth forecast for Korea for this year by 0.3...