Archive by category Business

KT eyes global alliance to lead 5G standards
KT eyes global alliance to lead 5G standards

Korea’s largest telecommunications firm KT said Monday it would form an alliance with global mobile carriers and network equipment makers to take the lead in …

Samsung aims to stay on top with Galaxy S7
Samsung aims to stay on top with Galaxy S7

Samsung Electronics took the wraps off the seventh generation of its flagship Galaxy smartphone in Barcelona on Sunday, a day before the opening of the Mobile …

Public calls grow for fuel tax cuts
Public calls grow for fuel tax cuts

Although global oil prices have plunged to record-lows, many drivers in South Korea say they have not benefited from the corresponding falls in their daily …

Korean stocks end flat amid profit-taking
Korean stocks end flat amid profit-taking

Korean shares closed nearly flat Monday as profit-taking by institutions and individuals was offset by foreign buying. The local currency finished steady …

Seoul struggles to stabilize won
Seoul struggles to stabilize won

Bank of KoreaBloomberg A steep rise in the won-dollar exchange rate led government and central bank officials here last week to make a verbal intervention to …

(Biz online) Seoul to hold FTA talks with six Central American nations

(Biz online) Seoul to hold FTA talks with six Central American nations South Korea will hold free trade agreement negotiations with six Central American …

(Biz online) LG Chem to supply batteries to Chrysler

(Biz online) LG Chem to supply batteries to Chrysler South Korean chemicals and battery-maker LG Chem said Monday it will be supplying lithium-ion batteries to …

(Biz online) Beef prices rose 7.3% in 2015

(Biz online) Beef prices rose 7.3% in 2015 Prices of domestically produced beef rose at the fastest clip in five years in 2015, government data showed …

Household loan default hits 8-year low in 2015
Household loan default hits 8-year low in 2015

The default rate on Korean bank’s household loans dropped to the lowest level in more than eight years in 2015 as low interest rates helped reduce debt …

Samsung, SK hynix post record mobile DRAM market share
Samsung, SK hynix post record mobile DRAM market share

Korean chip giants Samsung Electronics and SK hynix posted a record share of the global mobile dynamic random access memory market in the fourth quarter of …

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