Archive by category Business

Korean firms eye Iran after sanctions relief

South Korean companies are expecting to find a slew of business opportunities in Iran as the lifting of sanctions on the oil-rich nation could open up new …

Foreign stock ownership dips to lowest since 2009

South Korea has suffered the largest outflow of foreign stock funds in more than six years as China’s stock market rout and plummeting oil prices added …

Samsung’s Enbrel biosimilar gains European approval
Samsung’s Enbrel biosimilar gains European approval

Samsung Bioepis said Sunday it has won official approval from the European Commission to begin selling Benepali, its biosimilar replication of Amgen’s …

China emerges as S. Korea’s No. 2 trading partner in Q4

China became South Korea’s second-largest trading partner in the fourth quarter of last year, unseating Japan for the first time, data showed Sunday. …

Low oil prices feared to hurt Korean exports

A prolonged downturn in international crude prices is feared to have a negative impact on South Korea’s exports by hitting emerging markets and Middle …

Korean youths face tight job market

South Korea’s employment-to-population ratio inched up last year thanks to a rising number of new employees in their 60s, but younger jobseekers still …

Stock funds suffer huge losses on global market rout

South Korean funds for domestic and overseas stocks have suffered massive losses this year, hit by a global stock market rout, data showed Sunday. A total of …

Korea aims to reach top 5 in exports
Korea aims to reach top 5 in exports

Korea’s new finance minister pledged Friday to improve the country’s trade competitiveness and target China’s consumer market to make it the world’s …

[Weekender] Tackling urban decline
[Weekender] Tackling urban decline

Like many agricultural towns in Korea, Seocheon in South Chungcheong Province was grappling with ways to foster new growth engines and revitalize the local …

[Weekender] Tech makeover puts new spin on the block
[Weekender] Tech makeover puts new spin on the block

A few years ago, office worker Lee Yu-na had a nightmare finding parking space when visiting Bukchon Hanok Village, one of the popular tourist destinations in …

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