Archive by category Business

Korea’s card spending jumps 16% in January
Korea’s card spending jumps 16% in January

Korea’s card spending rose sharply in January, data showed Friday, on the back of increased consumption for the Lunar New Year holiday and a gradual …

Korea’s baby market undeterred by economic slowdown
Korea’s baby market undeterred by economic slowdown

From couples with babies on strollers to seniors holding toddlers’ hands, a recent annual baby fair held at Coex, in Samseong-dong, southern Seoul, was …

[Graphic News] About 3 percent of salaried workers are high-wage earners: report

About three out of 100 wage earners in Korea receive an annual salary of more than 100 million won (about $80,000), according to a report by Rep. Lee No-geun …

Olympus Korea breaks ground for medical training center
Olympus Korea breaks ground for medical training center

Olympus, the Japanese maker of medical and surgical solutions, Thursday held a groundbreaking ceremony of its new medical training center in Songdo, Incheon. …

Samsung to mass produce 256GB mobile chips
Samsung to mass produce 256GB mobile chips

Samsung Electronics said Thursday it will start mass production of the industry’s first 256-gigabyte Universal Flash Storage from next month for smartphones, …

FSC seeks revamp of listing rules
FSC seeks revamp of listing rules

South Korea’s top financial regulator said Thursday it will push ahead with the second phase of financial reforms aimed at expanding a range of new services …

Korean Air files court injunction over pilot strike
Korean Air files court injunction over pilot strike

A group of unionized pilots at Korean Air conduct a silent rally in front of Korean Air’s headquarters near the Gimpo International Airport on Thursday. …

CJ HelloVision downplays ISS report on merger plan
CJ HelloVision downplays ISS report on merger plan

SK Telecom faces another hurdle in its plan to merge the nation’s No. 1 cable TV operator CJ HelloVision with its own IPTV unit as a global corporate …

Hanwha E&C pledges fair trade with partners
Hanwha E&C pledges fair trade with partners

Hanwha Engineering & Construction pledged to promote fair trade with its subcontractors as part of efforts to share growth, company officials said …

Korean stocks climb 0.32% on foreign buying
Korean stocks climb 0.32% on foreign buying

Korean shares ended 0.32 percent higher in thin trade Thursday as foreign investors hunted for bargains. The local currency fell against the U.S. dollar. The …

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