Archive by category Business

Shin Kyuk-ho, founder of Korean retail giant Lotte Group, testified at a Seoul court Wednesday to demonstrate his mental status, marking a new twist in the …

More than half of South Korea’s major listed firms have suffered earnings shocks as they missed profit forecasts for the fourth quarter of 2015, stoking …

Korea will pump an additional 21 trillion won ($17.4 billion) of fiscal stimulus into the economy until March to combat sagging exports and revitalize growth, …

Traveling during the Lunar New Year, or Seollal in Korean, is often a big hassle because it usually involves being stuck in traffic for long hours. Hence a …

Information technology solutions developer Samsung SDS has signed a memorandum of understanding with the Chuncheon City Government to build a data center in …

SK Innovation, South Korea’s top oil refiner, said Wednesday it posted its second best performance to date in 2015 thanks to high refining margins on the …

Korean fingerprint module-maker CrucialTec said Wednesday that it will host the FIDO (Fast IDentity Online) Alliance forum for the first time in Korea in …

Korea’s third-largest home appliance maker Dongbu Daewoo Electronics has been stepping up efforts in global markets. The Korean firm held a launch event for …

South Korea’s Incheon Transit Corp. began commercial operations of a magnetic levitation train made by Hyundai Rotem, the train-building affiliate of …

Korea’s largest Internet portal Naver’s cofounder and chairman of NHN Entertainment Lee Joon-ho has shifted focus to virtual reality due to the obscure …