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Four subsidiaries of Hyundai Group were fined a total of 1.29 billion won ($1.1 million) by the Fair Trade Commission (FTC) on Sunday for violating…

Foreign investors bought a net 2 trillion won (US$1.7 billion) worth of South Korean stocks last month due to a growing appetite for emerging-market…

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Bolloré Logistics recently introduced its new road service from Singapore to Bangkok, Thailand. The key objective is to offer customers the fastest…

South Korea's trade with the European Union has grown 14 percent over the past five years since a bilateral free trade agreement went into effect,…

Foreign delegates and leading businessmen pose for a group photo after the Korea Economic Forum at the Westin Chosun Hotel in central Seoul. Financial…

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Microsoft Korea CEO Ko Soon-dong had a press conference in Seoul on May 11 and announced that Microsoft would provide more stable and fast cloud…

Microsoft Korea said Wednesday that the Korean subsidiary of the U.S.-based licensing giant plans to construct its own datacenter in Korea by 2019.

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Financial knowledge is crucial to quality of life in a modern economy, but some children in rural areas don't even have the chance to visit a bank.

During the first three days of the recent four-day holiday, which began on Thursday, the local retail industry saw its sales grow 36 percent compared…

A 10 billion won fund is to be set up by the government to help new bio and medical start-ups that are having trouble finding financing.

French ad giant Publicis Groupe has appointed Cho You-mi as the CEO of Publicis One Korea, a newly established entity that manages all of the group's…

A growing numbers of commercial banks here are accelerating their efforts to tap into markets in Iran and India, both of which are emerging as…

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Foreign direct investment (FDI) has been considered one of the most effective elements that brings industrialization and growth and was welcomed by…

South Korea's top 30 conglomerates will provide a combined 1.85 trillion won (US$1.6 billion) in financial support to their partner companies this…

The Korea Exchange (KRX) has started encouraging major listed firms to make disclosures in English, naming 175 companies subject to the guidelines.

7 out of 10 working Koreans say May is financially burdensome; average spending for May holidays stands at 360,000 won

Korea’s household debt has recently been increasing in tandem with rising mortgages on the back of relaxed regulations on borrowings and recovery in…

HDC Shilla Duty Free, the joint venture of Hotel Shilla and Hyundai Department Co. (HDC), is in talks with Hermes and Chanel to host the luxury brands…

Bank of Korea (BOK) Governor Lee Ju-yeol rejected Thursday the government call for the central bank to print more money to recapitalize state-run…