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BMW Korea launches new 5 Series

BMW Korea has officially launched the seventh generation of its most popular sedan, the 5 Series, which racked up more than 2,000 presale contracts in less than a month. First launched in 1972, the 5...

Updated : 2017.02.22 14:59

Korea's short-term debt up 0.8% in 2016

South Korea's short-term foreign debt rose 0.8 percent in 2016 from a year earlier, central bank data showed Wednesday.The country's short-term external debt, with a maturity of one year or less, tota...

Updated : 2017.02.22 13:52

Korea's childbirths drop to record low in 2016

Childbirths in South Korea dropped to a record low last year despite decade-long efforts to tackle the country's chronically low birthrate, a report showed Wednesday.The number of babies born in 2016 ...

Updated : 2017.02.22 13:50

Conglomerates pushing reform after graft scandal

South Korea's major conglomerates are ramping up efforts to run their sprawling business empires in a more transparent and law-abiding way following a high-profile corruption scandal that led to the i...

Updated : 2017.02.22 13:49

Seoul Motor Show to kick off next month

One of South Korea's annual automobile exhibitions is set to kick off late next month, heralding in a series of new hybrids and autonomous vehicles, its organizing committee said Wednesday. The Seoul ...

Updated : 2017.02.22 13:46

Finance minister vows structural reform in face of 4th industrial revolution

The finance minister said Wednesday that his government will do its best to improve South Korea's economic and social systems to support its adaptation to the fourth industrial revolution in a timely ...

Updated : 2017.02.22 13:44

30-somethings biggest buyer of imported autos

A generation shift in the country's imported auto market continued last year with customers in their 30s being the largest buyer group with a portion of nearly 40 percent, industry data showed Wednesd...

Updated : 2017.02.22 09:50

Big firms suffer wide gap in domestic, foreign ratings

South Korean credit appraisers award far more favorable ratings to large domestic corporations than Moody's Investors Service and other global players, a market tracker said Wednesday.The country's th...

Updated : 2017.02.22 09:41

Consumers shun buying cosmetics, clothes

Credit card spending on cosmetics and apparel items shrank last year, central bank data showed Wednesday, as consumers refrained from buying such products amid a sluggish economy.   The amount of cr...

Updated : 2017.02.22 09:37

Refiners, chemical companies to pay record taxes on stellar performance

South Korea's oil refiners and chemical companies are expected to pay a record amount in corporate taxes for their 2016 business performance, as their bottom lines improved sharply, industry sources s...

Updated : 2017.02.22 09:27

Report says Korea-US trade mutually beneficial

South Korea continues to profit from its bilateral trade with the United States, but its trade surpluses largely come from outbound shipments of intermediate goods needed by US manufacturers to produc...

Updated : 2017.02.22 09:22

Qualcomm files suit against FTC citing unfairness

Qualcomm on Tuesday filed an injunction against South Korea’s Fair Trade Commission, which imposed over 1 trillion won ($873 million) in fines and a corrective measure on the company, a court officia...

Updated : 2017.02.21 18:34

Korean journalists pick Grandeur IG as car of the year

Hyundai Motor’s premium sedan Grandeur IG was named car of the year for 2017 by an organization of South Korean reporters Tuesday.According to the Korea Automobile Journalist Association, the sixth g...

Updated : 2017.02.21 18:29

Posco seeking new growth engine for next 50 years

Ahead of its 50th anniversary next year, Posco is seeking to make a second leap forward by securing a new growth engine and keeping its global reputation as the world’s fourth-largest steelmaker at t...

Updated : 2017.02.21 18:26

Hyundai Motor sets up new tech R&D lab

Seeking to secure new areas of growth, Hyundai Motor, the nation’s largest carmaker has launched an in-house research institute to foster future technologies, the company said Tuesday.A Hyundai Motor...

Updated : 2017.02.21 18:25