President says special envoys help fill diplomatic hiatus

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[Monitor] Top conglomerates’ operating profits soar

The operating income of South Korea’s top 10 conglomerates surged by more than 80 percent on-year in the first quarter of this year, according to Chaebul.com, Wednesday.The combined operating income ...

Updated : 2017.05.24 18:52

Korea should expand class action for minority consumers: FTC chief nominee

Kim Sang-jo, nominee for head of South Korea’s antitrust watchdog Fair Trade Commission, said South Korea should adopt class action in broader sectors to enhance the rights of minority consumers agai...

Updated : 2017.05.24 18:47

SK hynix to spin off foundry biz

South Korea's No. 2 chipmaker SK hynix Inc. said Wednesday it plans to spin off its foundry business in order to beef up its competitiveness in this sector.The announcement was made through a regulato...

Updated : 2017.05.24 18:01

Woori Bank introduces robo advisers

Woori Bank has launched an artificial intelligence-based financial adviser, or “robo adviser,” as well as robots built for customer assistance at local branches. The nation’s fourth-largest commerc...

Updated : 2017.05.24 17:57

Kospi ceilingless for 3 consecutive days

The first-tier stock market in South Korea remained ceilingless for three consecutive days Wednesday. The benchmark Korea Composite Stock Price Index closed at 2,317.34, up 0.24 percent compared to Tu...

Updated : 2017.05.24 17:55

Koreans consume 377 cups of coffee on average in 2016: report

South Koreans drank a total of 377 cups of coffee per person on average last year, mirroring brisk growth of the sprawling market fueled by a flurry of various franchises, a government report showed W...

Updated : 2017.05.24 17:40

Starbucks Korea ordered to compensate customer for changing words on event

Starbucks Coffee Korea has been ordered to compensate a customer for providing only one free coffee after the consumer won an event that originally promised a free drink every day for a year, the plai...

Updated : 2017.05.24 17:36

Hyundai to test i30N hot hatch in 24 Hours Nurburgring

Hyundai Motor Co., South Korea's biggest carmaker by sales, said Wednesday it will test its i30N hot hatch in a 24-hour endurance race in Germany this weekend.Hyundai sent an 8-member driver team, com...

Updated : 2017.05.24 17:30

Reseating of passenger was due to safety reasons: Asiana

Asiana Airlines Inc., South Korea's second-biggest airline by sales, said Wednesday its decision to reseat a passenger with a physical disability was to protect the safety of its passengers after he t...

Updated : 2017.05.24 16:26

Seoul stocks hit fresh record high on Wall Street rally

South Korean shares extended their winning streak to a fourth day to end at a fresh record high Wednesday, taking a cue from overnight gains on Wall Street, analysts said. The Korean won fell against ...

Updated : 2017.05.24 16:10

Kumho Tire creditors to discuss loan extension

Creditors of Kumho Tire, South Korea’s second largest tiremaker, are planning to convene to discuss whether to extend the maturity date of 1.3 trillion won ($1.16 billion) worth of debt due late next...

Updated : 2017.05.24 16:08

Finance Ministry poised to propose W10tr supplementary budget next month

The Finance Ministry said Wednesday that the government will release a road map by the end of June on how to create jobs in the public sector, alluding to a 10 trillion won ($8.89 billion) supplementa...

Updated : 2017.05.24 16:01

[Photo News] Recruitment exhibition for mid-sized companies take held at COEX

IN SEARCH -- Visitors attend a recruitment exhibition for mid-sized companies held at COEX in southern Seoul on Thursday. (Yonhap)

Updated : 2017.05.24 15:54

Korea’s largest IT show highlights transformation

About 500 information technology and communications businesses and startups from 57 countries have gathered in Seoul to boast their state-of-art technologies featuring artificial intelligence, autonom...

Updated : 2017.05.24 15:49

[Photo News] Kumho Tire signs partnership agreement with Tottenham Hotspur

SON IN TOWN -- Kumho Tire CEO Lee Han-seob (right) poses with Son Heung-min, South Korea‘s English Premier League football star, at Kumho Asiana Group headquarters in Gwanghwamun, Seoul, Wednesday. K...

Updated : 2017.05.24 15:44