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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…

The Pompidou Center in Paris will open an exhibition space in Seoul next year, the museum’s first outpost in Asia.

Strong sales of Galaxy S7 boost tech giant’s Q1 net profit

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South Korean food company CJ CheilJedang said it will introduce its Hetban Cupban — instant rice accompanied by Korean soups — at convenience stores…

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It has been found that most of the burden attributable to the upcoming restructuring of South Korean shipbuilders and shipping companies is on…

A future preparation committee affiliated with the Ministry of Science, ICT and Future Planning on Wednesday announced 10 promising services that…

With the youth unemployment rate running over 10 percent and job opportunities at conglomerates shrinking, the government unveiled measures Wednesday…

A group of 236 South Korean entrepreneurs and business group leaders will join President Park Geun-hye's upcoming trip to Iran in a bid to tap deeply…

Hyundai Motor Co., South Korea's top automaker, said Tuesday that its first-quarter net profit dropped 10.8 percent from a year earlier, affected by…