Kakao probes allegations of foul play in contractor selection Kakao confirmed on Tuesday that it has initiated an internal audit after receiving allegations of wrongdoing in the process of selecting construction contractors for its data center and complex cultu..

Solopreneurs boom as generative AI reshapes workforce productivity As OpenAI’s chatbot ChatGPT celebrates its first anniversary on Thursday, the noticeable rise in “solopreneurs,” one-person businesses equipped with the latest artificial intelligence technology, is l..

SK C&C to provide blockchain-based security token service for Hana Securities SK C&C Co. will establish a securities token system for Hana Securities Co. with the ChainZ Security Token service, the South Korean company said Tuesday. ChainZ operates as a service platform, allow..

Lotte develops technology to improve lithium-metal battery stability Lotte Chemical said on Tuesday it applied for domestic patents on its new technology aimed at enhancing the stability of lithium-metal anode materials to be used in next-generation solid-state and hig..

SK telecom, Sejong University to boost partnership on metaverse South Korean mobile carrier SK telecom Co. said on Tuesday that it signed a memorandum of understanding (MoU) with Sejong University on the establishment of a virtual reality studio equipped with larg..

LS Cable & System Asia to be renamed to reflect its new venture LS Cable & System Asia, a leading South Korean company in Vietnam’s power cable industry, is set to rebrand as LS Eco Energy as well as venture into rare earth elements (REEs) and submarine cable busi..

Drought-hit Panama Canal hampers Korean exporters The Panama Canal, which connects the east and west of the Americas, is drying up due to a severe drought, leading to restricted passage and disruption in the transportation networks for South Korean e..

Korea dominates global orders for VLACs South Korea’s shipbuilding industry secured 76 percent of the orders for very large ammonia carriers (VLACs) commissioned globally in 2023. Ammonia, recognized as a carbon-neutral fuel and a core subs..

Japanese car sales surge in Korea amid diplomatic thaw The winds of change in South Korea’s relationship with Japan are impacting the automotive market, which is seeing a surge in the popularity of Japanese-brand vehicles. With rising sales figures, Toyot..

Whiskey sales surpass wine for first time at Emart24 Sales of whiskey have surpassed wine for the first time at Emart24, a major convenience store in South Korea, this year, on growing popularity of highball beverages among the young people. According ..

Foodinko CEO outlines expansion plans, intellectual property ventures The chief executive of Foodinko Co. Ltd., a Seoul-based restaurant mapping app provider, expressed his desire to expand business in 2024 during an interview with the Maeil Business Newspaper. “The ap..

Suppliers experience unfair practices by major retailers Fewer suppliers felt that trading practices in transactions with major retailers have improved this year compared to last year, a survey showed Monday. According to a survey conducted by the Fair Tra..

One-stop solution startups for small businesses thrive in Korea South Korean startups that provide one-stop solutions for small businesses are flourishing as they position themselves as agents for one-person businesses and small enterprises rooted in social media ..

Shinsegae unveils plan to build landmark shopping center in Gwangju South Korean retailer Shinsegae Group has joined hands with Kumho Group to create a multi-purpose complex in Gwangju, South Jeolla Province, by connecting its department store with a bus terminal to o..

Korean startups with sales above $76 million number close to 870 There are 869 South Korean startups with sales exceeding 100 billion won ($76.8 million) as of the end of 2022, according to the latest government survey. The startups had a workforce totaling 32 mill..

STIC Ventures to invest $3.8 mn in chip equipment maker RFPT STIC Ventures Inc., the venture capital (VC) unit of South Korea’s private equity firm STIC Investments Inc., will make an equity investment of 5 billion won ($3.84 million) in semiconductor equipment..

ILJIN Electric bags $332 mn contract with U.S. company South Korea’s ILJIN Electric Co. announced on Monday that it recently signed an ultra-high voltage power transformer supply contract worth 431.8 billion won ($332.56 million) for 15 types of products,..

Korean petrochemical firms focus on high-value products to overcome crisis South Korean petrochemical companies are steering their strategies toward high-value products with an aim to overcome challenges posed by an evolving market landscape. According to industry sources o..

Hyundai Engineering wins housing redevelopment project in Seoul Hyundai Engineering Co. has been selected as the construction contractor for the Garak 6th apartment complex redevelopment project in Songpa District, southern Seoul. Hyundai Engineering announced Mo..

CJ CheilJedang develops biodegradable paper coating technology CJ CheilJedang announced on Monday that it has developed a biodegradable paper coating technology by using the eco-friendly bio-material PHA (polyhydroxyalkanoate). The achievement marks the world’s ..

Gov’t to exempt preliminary feasibility studies for innovative R&D projects The South Korean government plans to exempt preliminary feasibility studies for challenging research and development (R&D) projects and minimize backlash even if these projects are unable to meet thei..

MK CES Forum to take place on sidelines of CES 2024 in January 2024 South Korea’s Maekyung Media Group will host its MK CES Forum 2024 in Las Vegas, the United States, in January 2024. The forum will take place on the sidelines of the Consumer Electronics Show (CES), ..

Korea should redesign computer network system based on cloud: Experts In response to the recent consecutive disruptions in the administrative network in South Korea, information technology (IT) industry insiders noted that there is a fundamental problem with the nationa..

Researchers find brain mechanism behind satiety Researchers from the United States and South Korea have pinpointed the mechanism in brain cells that triggers a feeling of fullness. Their findings, published in the journal Nature, shed light on how..

DAUM updates news search defaults prioritizing content partners DAUM, the portal site operated by Kakao Corporation, has implemented a significant change in its news search setting, shifting the default for news search results from ‘All Media’ to ‘Content Partner ..

Colorverse down, Zepeto survives in Korean metaverse dynamics shift As the metaverse fervor starts to fade, South Korean metaverse platform company Colorverse Inc. has reportedly initiated the closure of its business, terminating one of its representative metaverse se..

Korea, U.K. expand ties in advanced bio sector South Korea and the United Kingdom are expanding their collaboration in the field of advanced bioscience, including the establishment of a joint research center in synthetic biology. The Ministry of ..

New mobile app to offer identity verification service Small business owners will be able to easily verify the age of their customers with a new mobile application. South Korean telecom majors SK telecom Co., KT Corp., and LG Uplus Corp. announced Wednes..

Google proposes classification method for artificial general intelligence Google LLC has proposed the world’s first classification method for artificial general intelligence (AGI), which comes at a time when OpenAI is starting to see a collision over AI’s safety and service..

Korea to foray into global nuclear fuel market with plate-type fuel innovation South Korea is set to advance into global research nuclear reactor fuel markets with its homegrown plate-type fuel technology. The Korea Atomic Energy Research Institute (KAERI) said Monday that it r..

Mobile carriers quicken the pace to build AI chip infrastructure SAPEON Korea Inc., an artificial intelligence (AI) semiconductor subsidiary of South Korean mobile carrier SK Telecom Co, unveiled its new AI chip model X330 on Thursday, fueling the competition for A..

Samsung Electronics takes the lead in on-device AI Samsung Electronics Co., the world’s largest memory chip maker, is set to launch a series of new memory chip products for the rapidly growing artificial intelligence (AI) market. The South Korean com..

Naver stops controversial comment feature ahead of general elections In response to the mounting controversy surrounding its reply in comments feature for news articles, Naver Corp. has halted the service just five days after its launch. On Monday, Naver announced the..

Korea to foray into global nuclear fuel market with plate-type fuel innovation South Korea is set to advance into global research nuclear reactor fuel markets with its homegrown plate-type fuel technology. The Korea Atomic Energy Research Institute (KAERI) said Monday that it r..

Advancements give cross-species organ transplantation market a boost Recent advancements in research show that cross-species organ transplantation could soon become widespread, serving as a solution to the global shortage of organs for transplantation. Last month, a U..

Game publishers highlight new releases at G-STAR in Busan South Korean game majors turned to G-STAR, a global game exhibition that was held in the maritime city of Busan last week, to showcase their latest releases and next-generation information technology ..

Korea wraps successful League of Legends World Championship in Seoul E-sports fans flocked to the The Gocheok Sky Dome in Guro District, western Seoul, on Sunday to see South Korea play against China in the 2023 League of Legends (LoL) World Championship finals. Korea..

AI to play a major play in developing vaccines, treatments Artificial intelligence (AI) is fast becoming a major tool in the 21st-century scientific era. It is poised to open new horizons in the development of vaccines and therapeutic treatments for various d..

Nvidia unveils new AI chip H200 Nvidia, the forefront runner in AI chip manufacturing, has unveiled its newest product, the H200, designed specifically for high-performance data centers powering advanced artificial intelligence appl..

Samsung Electronics goes all out to secure R&D investment funds South Korea’s tech giant Samsung Electronics Co., which has continued to invest heavily despite significant losses in the semiconductor sector, has raked in close to 30 trillion won ($23 billion) from..

Securities industry expected to be strong in first half of next year: report The securities industry in South Korea is anticipated to exhibit robust performance in the first half of next year, buoyed by the expected rise in exports and stock market gains, as outlined in a rep..

LS Cable & System Asia stock gains on business expansion plan Shares of South Korea’s LS Cable & System Asia Ltd. gained Tuesday following the company’s announcement of a business expansion plan to engage in submarine cables and rare earth elements. Shares of L..

Harim-JKL consortium, Dongwon compete to acquire HMM Dongwon Group and a Harim Group-JKL consortium are poised to battle it out for South Korea’s largest container shipping line, HMM. The two groups were short-listed as final candidates after fellow con..

Grim outlook for HMM bidding round as sale price increases The price tag on the stake sales of South Korea’s logistics and shipping company HMM Co. is set to rise to 6 to 7 trillion won ($4.65 billion to $5.37 billion), raising possibilities that the main bid..

Dong In Entech shares fall below offering price on first trading day Shares of South Korean outdoor backpack manufacturer Dong In Entech Co. are receiving lukewarm response on their Kospi debut day on Tuesday. The shares were trading at 29,850 won ($23) as of 10:07 a...

Stormtec jumps almost 80% on listing day on Kosdaq South Korea’s Stormtec Co., a home appliance parts stock that was listed on the secondary Kosdaq market on Monday, saw its stock price surge almost 80 percent from its initial public offering (IPO) pr..

Q4 forecasts for Korea Inc. signal positivity The performance outlook for major South Korean companies in the fourth quarter suggests a faster-than-expected recovery, primarily led by an anticipated rebound in key industries such as semiconductor..

Listed companies’ Q4 operating profit forecast to increase 2.6 times on-year Amid growing expectations for an economic recovery in South Korea, corporate earnings are expected to improve significantly from the fourth quarter of 2023 onwards. According to market data tracker F..

S. Korean oil stocks slide amid global oil price plunge; airlines gain South Korean oil stocks witnessed a decline in the Friday morning session, following a substantial drop of nearly 5 percent in global oil prices. However, airline stocks saw an upward surge on expecta..

EcoPro Materials surges over 30% in debut trading day EcoPro Materials Co., a unit of South Korea’s leading electric vehicle battery materials provider, EcoPro Group, witnessed a surge of more than 30 percent during its debut on the country’s stock marke..

Yoon urges fundamental short selling reforms following temporary ban South Korean President Yoon Suk Yeol called for fundamental measures to improve short selling, putting pressure on financial authorities and lawmakers from the ruling party to come up with related leg..

GS Retail sees 159% boost in quick commerce sales GS Retail Co. reported a 159 percent increase in sales for its convenience store chain, GS25, and supermarket chain, GS The Fresh, compared to 2022, according to the company’s announcement on Wednesda..

KEPCO raises $1.5 bn in Q3 profit on cost-cutting efforts State utility Korea Electric Power Corp., which had been under debt pressure, reported nearly 2 trillion won ($1.5 billion) in operating profit in the third quarter, thanks to a series of electricity ..

Samsung, Meritz non-life insurers achieve record Q3 earnings South Korean non-life insurance providers Samsung Fire & Marine Insurance Co. and Meritz Fire & Marine Insurance Co. on Monday posted record earnings for the third quarter despite the unfavorable busi..

Korean crypto stocks on upward trend as Bitcoin, Ether prices soar With the recent surge in the prices of digital assets such as Bitcoin and Ethereum, those of related stocks were also on the rise in the South Korean stock market on Friday. On the secondary Kosdaq m..

Korean stocks surge after short selling ban South Korean stocks soared Monday, after the financial authority banned short selling transactions until the end of June 2024, triggering foreign investors to buy secondary battery-related stocks, lea..

Korea bans stock short selling until June 2024 South Korea is banning short-selling transactions from Monday until the first half of next year, re-imposing the suspension in less than three years after it entirely prohibited the activity in March ..

Korean alcohol stocks surge as soju, beer prices rise South Korean brewery and distillery stocks are gaining on Wednesday following the news of price increases for soju and beer. In the Kosdaq market, Korea Alcohol Industrial (KAI) Co. gained 21.37 perc..

Naver stock gains on buyback program South Korean internet giant Naver Corp. saw its stock price soar Wednesday morning following an announcement of a share buyback plan on Tuesday. Shares of Naver were trading at 188,400 won ($138.96) ..

Amorepacific shares surge as it increases stake in Cosrx Amorepacific Corp. saw a surge in its stock price Tuesday morning after its decision to increase its stake in Cosrx, a move aimed at boosting South Korean beauty and cosmetics giant’s presence in the ..

H-Index ELS sales spark concerns amid regulatory fallout As concerns about the potential scale of losses from equity-linked securities (ELS) tied to Hong Kong’s Hang Seng China Enterprises Index (HSCEI) grow, KB Kookmin Bank is a major South Korean bank ex..

Korea to expand tax benefits for ship fund investments, shipbuilding The South Korean government is mulling the expansion of tax benefits for individual ship fund investors with a lower dividend tax rate to revive the sluggish shipping industry. The move aims to increa..

Korea loses Expo bid but extends economic territory globally South Korea’s bid to host the World Expo 2030 came to close on Tuesday after a 509-day campaign. A total of 165 countries cast their votes with no abstentions, with Saudi Arabia getting 119 votes, Kor..

Korea to teach entrepreneurship as a separate subject in high schools from 2025 The South Korean government will teach entrepreneurship as a separate subject to first-year high school students from 2025, allowing them to receive hands-on training on entrepreneurship and broader e..

Overseas Koreans to receive remote consultations The South Korean government is prioritizing remote medical treatment for overseas Koreans, as it plans an amendment to the Medical Service Act allowing overseas Koreans to receive remote consultations..

Gov’t, parliament disagree on attracting foreign workers The South Korean government has decided to expand the country’s foreign employment permit quota for 2024 to a record 165,000, in a bid to alleviate the chronic labor shortage across all industries in ..

Incheon Airport expects record number of summer flights in 2024 Incheon International Airport Corp. (IIAC) announced on Monday that the number of flights at the airport during the summer season (late March to late October) in 2024 is expected to be the highest eve..

Japan to back Busan’s bid to host World Expo 2030 South Korea’s final push to secure the hosting rights for the 2030 World Expo in Busan has gained momentum, receiving tacit support from Japan. The Japanese government has reportedly affirmed its plan..

Korea, Japan, China to hold leaders’ summit, but fail to choose a time The foreign ministers of South Korea, Japan, and China held their first in-person meeting in more than four years on Sunday in Korea‘s southeastern port city of Busan. “We had constructive and produc..

Net zero could push up electricity bills by 35%: Analysis South Korea’s drive for zero-carbon emissions by 2050 could push up electricity bills by 35 percent in 2030 from 2022, an analysis showed Sunday. In a report submitted to Korea Electric Power Corp., ..

Public companies sell assets to improve financials without much success Debt-ridden South Korean public institutions, including the Korea Electric Power Corporation (KEPCO) and the Korea Railroad Corporation (KORAIL), have sold more than 370 billion won ($283.31 million) ..

Yoon pitches Busan’s bid for 2030 World Expo in Paris South Korean President Yoon Suk Yeol made a final pitch for Busan’s bid to host the 2030 World Expo in a banquet in Paris, France, on Thursday, which was attended by the member states of the Bureau In..

Korean households weighed down by rising prices despite income surge South Korea’s average monthly household income increased slightly in the third quarter to above 5 million won ($3,843) and real income rose for the first time in more than one year since the second qu..

Korea’s central bank to test digital currency in Q424 South Korea’s central bank will begin testing a central bank digital currency (CBDC) with the public in the fourth quarter of 2024. The Bank of Korea (BOK) announced Thursday that it has prepared a de..

Korean gov’t, ruling party expand housing welfare program for young people The South Korean government and the ruling party will raise the interest rate on the housing subscription savings account for young people and create a new program that offers mortgage loans at an ann..

SK telecom to offer LTE plans for 5G devices South Korea’s leading mobile carrier SK telecom Co. will allow owners of fifth-generation (5G) devices to subscribe to its long-term evolution (LTE) plans from Thursday. The Ministry of Science and I..

Korea’s bank delinquency rate hits 4-year high at end of third quarter South Korea saw the delinquency rate of Korean won loans from domestic banks hit a four-year high at the end of the third quarter of 2023. While banks have reduced overdue loans through sales and tra..

Middle East conflict’s impact on energy market to subside soon: Experts Amid the changing dynamics in the Middle East following the Israel-Hamas conflict, experts believe that the geopolitical repercussions could strengthen Russia’s and Iran’s influences, while energy pri..

Korean nuclear companies to benefit from EU’s revised Net-Zero Industry Act Nuclear energy will be among the 17 technologies included in the European Union’s Net-Zero Industry Act, which is dubbed as the European version of the U.S. Inflation Reduction Act. The bill, once it ..

No rate cut mentioned in November FOMC meeting: Minutes The minutes of the U.S. Federal Open Market Committee (FOMC) meeting in November showed that officials did not mention lowering the benchmark interest rate, according to a foreign media report. CNBC ..

FSS to expand financial outreach program for children South Korea’s financial watchdog Financial Supervisory Service (FSS) will expand its outreach program that offers children’s financial education nationwide starting next year. The program provides cl..

Busan unites as countdown to 2030 World Expo host decision begins On Tuesday, the day when the host city for the 2030 World Expo will finally be announced, Busan, South Korea, is expected to be filled with excitement. Over 1,000 citizens will gather at the Busan Cit..

Korea to boost autonomous corporate rehabilitation As the economic downturn in South Korea has led to a surge in the number of small and medium-sized businesses filing for bankruptcy and rehabilitation, the country’s courts have significantly strength..

Long-term use of ADHD medication increases risk of cardiovascular disease Long-term use of medications for attention deficit hyperactivity disorder (ADHD) could increase the risk of cardiovascular diseases, according to a new study. ADHD is a mental disorder whose symptoms..

Korea’s public medical institutions face shortage of 2,427 doctors South Korean public healthcare institutions face a shortage of 2,427 doctors, an analysis showed Thursday. According to Representative Jung Choun-sook of the Democratic Party, who is a member of the ..

School meal robots debut in Seoul’s middle school Automation is changing school cafeterias in Seoul by addressing labor shortages and improving worker health. On Wednesday, the Seoul Metropolitan Office of Education introduced Korea’s first school m..

Korea’s 3 mobile carriers launch PASS mobile ID verification service Users of South Korean mobile services can now to have their identity verified with a mobile identification (ID) using quick response (QR) code in local ID authentication app PASS. Korea’s three mobil..

Cooperation in value chain, regulations a must to cope with future pandemics A global universal regulatory framework and sustained investment are deemed essential to address potential challenges arising from “next pandemic,” according to global health experts. During the Worl..

Korea’s female employment rate hits all-time high at 61.9% in October South Korea’s female employment rate hit the highest level in October as more women returned to the workforce after the end of the pandemic and the government’s work-life balance policy started to pay..

Civil services resume after network system recovers in Korea South Korean public agencies resumed administrative services on Monday following the restoration of the government’s administrative computer network system, which was inaccessible last week. On Monda..

Goyang city, National Cancer Center to build bio-medical hub The city of Goyang in Gyeonggi Province has partnered with the National Cancer Center to build a biomedical complex in the city under the national strategic industries initiative. According to the ci..

Korea mulls expanding work visa issuance to tackle labor shortage The South Korean government is expected to expand the issuance of F-2-R visa, a special visa that allows foreigners to work in areas of decreasing population, after a year of temporary implementation...

Splitting orders blamed for repeated national computer network failures South Korea, reputed to be a digital powerhouse, suffered a two-day outage of its public computer network. This is the third time in the year to date that a state agency’s computers network has failed..

ADHD patient numbers top 100,000 but foreign pharmaceuticals dominate Foreign pharmaceutical companies continue to dominate the market while the number of patients with attention deficit hyperactivity disorder (ADHD) increases rapidly. Some South Korean companies, such ..

Korea could see 3.41 mn jobs replaced by AI technology: BOK analysis South Korea could see about 3.41 million domestic jobs replaced by artificial intelligence (AI) as the technology continues to spread across industry sectors, according to an analysis by the Bank of K..

Yoon calls for stronger interconnectivity, supply resilience at APEC CEO Summit South Korean President Yoon Suk Yeol called for stronger interconnectivity among Asia-Pacific Economic Cooperation (APEC) member states to promote global economic recovery and sustainable growth in hi..

Koreans spent more than 100 bn minutes on YouTube in October: Survey South Koreans spent more than 100 billion minutes on YouTube in October, a survey showed Wednesday. According to a sample survey of Korean smartphone users conducted by mobile app analytics service W..

Gov’t unveils measures to supplement 52-hour workweek The South Korean government is planning a labor reform that would allow some industries and professions to work flexibly without being subject to the 52-hour work week scheme. The move reflects the re..

Supreme Court upholds airlines’ mental damages liability for flight delays Passengers who faced delays in returning home due to a flight delay have been granted compensation by their airline, as the Korean Supreme Court upheld the need for the company to compensate for the p..

Insurance fraud hits record levels, but prevention act remains dormant Insurance fraud is becoming more sophisticated and evolving into an organized crime in South Korea, with an increasing number of instances involving insurance agents or collusion among hospital worker..

Altman’s return heralds race to commercialize AI Five days after being ousted as chief executive officer of ChatGPT developer OpenAI, Sam Altman has returned to the CEO position after the company’s board members forced him out. These individuals wer..

Still a long way to go after maiden college exam sans “killer questions” South Korea’s national college entrance exam, also known as Suneung, took place on Thursday without any so-called “killer questions,” as part of the government’s effort to reduce reliance on private c..

Korean business leaders unite for the 2030 World Expo Bid in Busan Chief and senior executives from South Korean companies have been working in unison to boost the city of Busan’s bid to host the 2030 World Expo, increasing the number of their overseas business trips..

South Korea should seize the moment amid Saudi Arabia’s sportswashing attempts In the world of international sports and diplomacy, Saudi Arabia‘s bid to host the 2034 FIFA World Cup, one of sport’s grandest spectacles, has reignited the debate surrounding “sportswashing.” The te..

Gov’t, science community should work together to boost R&D investment efficiency South Korean President Yoon Suk Yeol recently vowed to spend national research and development (R&D) funds on fostering the country’s capabilities in cutting-edge technology. He also signaled possible..

No room for complacency in Korea’s Q3 growth South Korea’s economy grew by 0.6 percent in the third quarter of 2023, its third consecutive period of expansion. If the economy grows by 0.7 percent in the fourth quarter, the country will be able t..

Intellectuals are the frontline soldiers against disinformation We live in an era of disinformation in which fake news and false rumors are prevalent. Disinformation feeds on many events, including Russia’s invasion of Ukraine and the ongoing Israel-Hamas war rece..

Working seniors redefine post-retirement life My mother-in-law, who entered her 70s several years ago, has been working as an instructor for a mobile education program for the elderly at a senior center for four to five years now. As a young girl..

LG Energy Solution partners with Toyota amid opportunities and risks ahead South Korean battery giant LG Energy Solution Ltd. achieved an industrial breakthrough by reaching a supply agreement with Toyota Motor Corp. on Thursday. The deal is important in that the world-class..

Checks and balances keep Korean organizations, gov’t healthy There was a recent article saying that many of the examiners for Korea’s national college entrance exam are from a specific university, making it difficult to catch errors in the questions as it can b..

Gov’t must work with international community to stop Pyongyang-Moscow arms deal North Korea’s leader Kim Jong Un arrived in Russia on his train for a rare summit with Russian President Vladimir Putin to discuss a possible bilateral cooperation on arms deals at Russia’s Vostochny ..

WKF proposes “Technium Alliance” for sustainable innovation In the ongoing war for technological supremacy between the United States and China, there is a saying that holds true: To determine the ultimate victor, all you need to do is examine ASML, the semicon..

Infrastructure recovery is a must ahead of 2 mn Chinese tourist influx On Monday, the South Korean government announced its goal of attracting 2 million Chinese tourists this year in a bid to boost the domestic gross domestic product (GDP) growth rate by 0.16 percentage ..

Editorial: IMF’s downward revision for Korean economy is a wake-up call South Korea’s second-quarter economic growth rate turned out to be better than expected. While it is heartening to see signs of recovery, it is too early to be at ease as international financial insti..

Editorial: Korea’s major labor group must end strike disrupting medical services The Korean Confederation of Trade Unions (KCTU), South Korea’s major labor group, has launched a strike at the expense of public health. The strike by 40,000 nurses and nursing assistants affiliated ..

Seoul should work on bolstering global competitiveness Marking the first anniversary of taking office on Monday, Seoul Major Oh Se-hoon vowed to raise the city’s competitiveness by making it more attractive based on the key philosophy of accompanying the ..

Editorial: Korean government’s pressure to lower prices is market intervention The South Korean government has pressured flour manufacturers to lower prices, following the same move on ramyeon, or instant noodle makers. The Ministry of Agriculture, Food and Rural Affairs on Mon..

Editorial: Labor community should listen to the cries of small business owners South Korea’s two largest labor unions, the Federation of Korean Trade Unions (FKTU) and the Confederation of Korean Trade Unions (KCTU), are demanding a 27 percent increase in the minimum hourly wage..

Editorial: Korea’s opposition party irresponsibly incites sea salt hoarding Sea salt has seen a three- to four-fold increase in prices in the past two months on cornering and hoarding among consumers in South Korea, and it is even out of stock at some stores. Concerns rise as..

Editorial: Lee Jae-myung’s lame excuse after humiliating diplomacy criticism China’s diplomatic rudeness that goes beyond its limits day after day must be addressed. It is unacceptable that Chinese Ambassador to South Korea Xing Haiming, a mere director-level official, intimid..