Archive by category Business

Financial reform and risk management
Financial reform and risk management

This is the ninth in a monthly series contributed by executive members of the Financial Supervisory Service to address key ongoing financial issues. ― Ed. In …

Calls for new stimulus grow as growth outlook darkens
Calls for new stimulus grow as growth outlook darkens

Calls are growing for Korea to take bolder steps to support the economy, after a string of recent economic data indicated that Asia’s fourth-largest economy …

Department store sales inch upward after two-year slump
Department store sales inch upward after two-year slump

Department stores saw rising sales early this year after two years of stagnant growth, according to department store data Sunday. Hyundai Department Store …

[Photo News] KCCI, AFDB leaders meet in Seoul
[Photo News] KCCI, AFDB leaders meet in Seoul

KCCI, AFDB LEADERS MEET IN SEOUL – Park Yong-maan (right), chairman of the Korea Chamber of Commerce and Industry, poses for a photograph with Akinwumi …

[Graphic News] Rice farming revenue falls despite rising efficiency
[Graphic News] Rice farming revenue falls despite rising efficiency

The revenue earned from rice farming in Korea fell 6.1 percent on-year despite lowered production costs and increased yields in 2015, data from Statistics …

Myeong-dong’s zeal for Chinese tourists pushes out locals
Myeong-dong’s zeal for Chinese tourists pushes out locals

Myeong-dong is one of the liveliest neighborhoods of Seoul, constantly abuzz with the sounds of shop owners calling out to potential customers, the rustle of …

Korean chipmakers face Chinese threat
Korean chipmakers face Chinese threat

China’s aggressive move to increase its foothold in the world’s chip sector is becoming a threat to Korean manufacturers, including Samsung Electronics and …

Medtronic probed for breach of contract: sources
Medtronic probed for breach of contract: sources

Medical equipment-maker Medtronic is under investigation by Korea’s Fair Trade Commission for breaching contracts with local distributors, according to …

Insurers most profitable among Korean financials in 2015

Insurance companies raked in the most profits in the financial sector last year, largely boosted by investment-related earnings and non-operating profits, …

Korea’s household income share of GDP plunges
Korea’s household income share of GDP plunges

Household income’s share of gross domestic product, a gauge on how GDP growth actually “trickles down” to household income, plunged in South Korea from …

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