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Renault Samsung to Produce Small Electric Vehicle in Busan
Renault Samsung will begin producing the Twizy, a small two-seater electric car, in Busan next...
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Korean Game Industry Runs out of Steam
Korea's video game industry is losing steam as competition from overseas heats up.Though the sector...
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Korea in Biggest Construction Slump Since Asian Crisis
Korea is suffering the biggest building slump since the 1997 Asian financial crisis.According to the...
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Korean Self-Driving Car Starts Trial Deliveries in U.S.
A self-driving car developed in Korea began delivering products in Silicon Valley in California on...
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Cheap Korean Cosmetics Lose Luster
Cosmetics manufacturer Able C&C, which makes the massively cheap-and-cheerful Missha line, suffered a W19.6 billion...
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Income Gap Widens Despite Gov't Pledges
Fresh figures show that the income gap has widened to unprecedented levels despite the Moon...
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Korea to Ban Monazite in Consumer Products
Production and imports of consumer products containing monazite, a radioactive mineral that emits radon, will...
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Pompeo cautions over warmer Korea ties
U.S. Secretary of State Mike Pompeo said Tuesday the United States has “made clear” to...
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Household Debt Soars to W1,500 Trillion
Korea's household debt has surpassed W1,500 trillion or an average of W80 million for every...
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China's Top Online Travel Agency Dithers on Group Tours to Korea
China's largest online travel agency Ctrip resumed sales of group tours to Korea on Wednesday...
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Unemployment Highest in 13 Years
Unemployment has soared to the highest level in 13 years while job growth has fallen...
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Minimum Wage Hike 'Could Cost Half a Million Jobs'
A sharp increase in the minimum wage will cause some 470,000 jobs to be lost...
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Korean Air Racks up Record Quarterly Sales Despite Scandals
Korean Air's sales hit a record in the third quarter of this year thanks to...
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Korea to Test Space Rocket Engine
The first test flight of a homegrown space rocket engine will be conducted at the...
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Korea to Export 3 More Trainer Jets to Indonesia
Korea Aerospace Industries inked a deal with Indonesia to supply three more training aircraft.KAI said...
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Most Small Businesses Have Under W50 Million Seed Money
Seven out of 10 small business owners in Korea started their mom-and-pop stores with less...
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Current Account Surplus Surpasses $10 Billion for 1st Time in a Year
Korea's current account surplus exceeded US$10 billion for the first time in a year in...
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Hiring Grinds to Halt at Small Businesses
Small businesses have no hiring plans for the latter half of this year amid economic...
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General: U.S.-N. Korea talks could affect military posture on peninsula
The top U.S. military officer said on Monday that the United States would have to...
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Japanese Recruiters Flock to Korea
The Busan Exhibition and Convention Center was packed on Monday with 112 Japanese companies recruiting...
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GM CEO Mulls Visit to Korea
General Motors' CEO is expected to visit Korea amid rumors of the automaker's possible pullout...
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Xiaomi to Launch New Smartphone in Korea Next Month
China's Xiaomi will begin selling its Pocophone F1 smartphone in Korea next month.The phone, slated...
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Naver's Profits Plummet
Korea's largest portal Naver has seen its operating profit plunge for four consecutive quarters due...
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Incheon City Mulls Taking Back Land from GM
GM Korea in a shareholders' meeting on Friday decided to establish a research and development...
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Treasury currency report retracts investor relief
The US Treasury Department’s twice-yearly review of possible exchange rate manipulation singled out Asia, and...