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January brings the steepest on-year drop since August 2009. A month has gone by since the New Year dawned, but the constant news of negative economic…

Since the trade surplus already reached US$83.2 billion (97.97 trillion won) at the end of November, the overall figure this year is highly likely to…

The Ministry of Trade, Industry & Energy announced on January 27 that Korean public corporations in the power generation sector invest 6.4 trillion…

South Korea is moving to expand financial ties with Iran following a landmark nuclear accord that lifted international sanctions on the oil-rich…

The government plans to conduct feasibility studies on the construction of new airports in three western areas where demand for air transportation…

Foreigners’ market capitalization ratio fell to a seven-year low at the Korean stock market. As foreigners steadily sold off Korean stocks for nearly…

Korea’s information and communications technology (ICT) exports in 2015 were the third-largest in the world, thanks to mobile phones and…

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Korea is moving to encourage local banks to lend more to mid-credit borrowers, a segment typically underserved in Korea’s retail loan market,…

A total of 21 domestic companies were incorporated into the Dow Jones Sustainability World Index, according to the Korea Productivity Center.

Implantable mobile phones. 3D-printed organs for transplant. Clothes and reading-glasses connected to the Internet. Such things may be science fiction…

South Korea notched top scores worldwide for manufacturing value-added as well as for tertiary efficiency — a measure that includes enrollment in…

Along with a new year, January heralds a new nuisance – end-of-year tax settlements. The Korean tax year is the same as the calendar year, and for…

With the aged population growing rapidly in the country, it is becoming an increasingly urgent policy task to increase spending by elderly households…

The size of the food industry of the Asia-Pacific region reached US$1.8342 trillion in 2014, the largest in the world, while that of Europe totaled…

Expectations are high for French ad giant Publicis Groupe’s rumored purchase of a controlling stake in Cheil Worldwide, Samsung Group’s advertising…

The recently launched Asian Infrastructure Investment Bank will provide Korea with business opportunities in the regional infrastructure sector, the…

French Ambassador to Korea Fabien Penone, second from left, poses with representatives of the PyeongChang 2018 Olympic Organizing Committee in…

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Stepping inside the newly opened Aritaum flagship store near Gangnam Station in Seoul, one will encounter not only an abundance of makeup products,…

Overseas direct purchases fell 1.4 percent last year, the first on-year decrease since 2006, due to unfavorable foreign exchange rates and measures to…

Korea’s economic ministries briefed President Park Geun-hye on Thursday on their 2016 economic revitalization policies that will focus on boosting…