News

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…

The import structure of China, Korea's largest market, is rapidly changing to consumer goods, but Korean exports are still focusing on intermediary…

Major commercial lenders in Korea are tightening standards on new loans for large conglomerates over fears of rising bad loans amid the ongoing…

Korea’s top three shipbuilders — Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering — recorded improved…

One day after the U.S. Treasury Department put Korea on its watch list for large current account surpluses and possible intervention in the foreign…

Cho Yang-ho has resigned as head of the 2018 Pyeongchang Winter Olympics organizing committee (POCOG) in order to focus on his troubled Hanjin…

Glamour of luxury brands like Dior and Hermes attract fashion-conscious foodies, selfie lovers and tourists to in-house cafes and restaurants

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Korea can afford to implement more monetary easing to boost the economy amid weak growth, but not for the purpose of recapitalizing policy banks to…

South Korean President Park Geun-hye held landmark summit talks with her Iranian counterpart Hassan Rouhani on Monday and reached provisional deals in…

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Chanel, the world's second largest luxury brand, said on Monday its efforts to curb the grey market have been successful and are helping boost revenue…

Lotte and SK welcomed the government’s decision Friday to add six more duty-free shops, including four in Seoul, as Chinese tourists pour into the…