1 dead in collision between oil tanker, fishing boat

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POSCO most popular bet among foreigners on better-than-expected earnings

South Korea's steelmaking giant POSCO was the most popular option in the stock markets in the second quarter for foreign investors, market data showed Friday, amid improving sentiments helped by its better-than-expected earnings. According to the data by the Korean Exchange and others, fo...

Updated : 2016.05.06 14:23

Hyundai Motor's cumulative sales in Canada top 2 mln: data

Hyundai Motor Co., South Korea's leading carmaker, has sold more than 2 million vehicles in Canada since its debut in the market more than three decades ago, industry sources said Friday.Since 1984 when it first exported its cars to Canada, its cumulative overseas shipments to the North Am...

Updated : 2016.05.06 11:16

State-run think tank expected to lower growth outlook

A major state-run think tank in South Korea will likely lower its growth projection for the country as worsening market situations at home and abroad are clouding the outlook for Asia's fourth-largest economy, sources said Friday.As the Korea Development Institute (KDI) is to announce its ...

Updated : 2016.05.06 10:27

[Graphic News] Shipbuilders’ performance improves in Q1

Korea’s top three shipbuilders — Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering — recorded improved performances during the first quarter of this y...

Updated : 2016.05.05 16:45

[Photo News] Major Chinese tour group visits Korea

Some 80 million employees of China’s Nanjing Joymain Science & Technology Development Co. enter Seoul through the Incheon International Airport on Thursday afternoon. As the largest ever tour group t...

Updated : 2016.05.05 15:22

[Consumer This Week] McDonald's, GGIO2, Bodyfriend, The Face Shop, Orion, Kooksoondang,

McDonald’s releases Reese’s McFlurryMcDonald’s has added a limited-edition Reese’s McFlurry to its menu.The ice cream dessert is a collaboration between the fast-food chain and Reese’s, a brand u...

Updated : 2016.05.05 15:19

Banks tighten loans to large firms on bad debt fears

Major commercial lenders in Korea are tightening standards on new loans for large conglomerates over fears of rising bad loans amid the ongoing corporate restructuring of ailing industries. Outstandin...

Updated : 2016.05.05 15:07

‘Family Month’ a growing burden on Koreans

Lee Jun-sik, a 33-year-old office worker who got married two years ago, has mixed feelings about May. Though he is grateful for the family bonding on holidays like Children’s Day and Parent’s Day, t...

Updated : 2016.05.05 15:05

Stock market to brace for foreign selloffs

With international oil prices forecast to rise in the long-term and the effects of monetary easing waning in advanced economies, foreign investors are expected to soon become net-sellers of Korean sto...

Updated : 2016.05.05 14:45

Ex- Incheon vice mayor tapped to head KORAIL

Hong Soon-man, former vice mayor of Incheon in charge of economic affairs, has been tapped to lead Korea’s rail operator, according to government officials Thursday.The Transport Ministry has decided...

Updated : 2016.05.05 14:44

LG outguns Chinese rivals in U.S. smartphone market

LG Electronics seems to be on course to solidify its presence in the U.S. market, outrunning its Chinese rivals Huawei and Lenovo. The Korean smartphone-maker has reclaimed the third spot in the U.S. ...

Updated : 2016.05.05 14:43

[Photo News] LG celebrates month of family

 Tech firm LG Electronics rolled out a massage chair featuring 10 different massage settings and a sleek design to commemorate the month of family in May on Thursday. (LGE)

Updated : 2016.05.05 14:43

Korea’s household debt is manageable: IMF

Korea’s household debt has recently been increasing in tandem with rising mortgages on the back of relaxed regulations on borrowings and recovery in the housing market, the International Monetary Fun...

Updated : 2016.05.05 13:34

[Photo News] LG's Whoo cosmetics brand promotes palatial beauty

Whoo, a traditional herbal skin care cosmetics brand under LG Household & Health Care, showcases Korea’s traditional palace fashion at Gyeongbokgung Palace in Seoul on Wednesday. Whoo and the Cultura...

Updated : 2016.05.05 13:32

Hanjin Shipping to begin creditor-led debt restructuring

Creditors of ailing Hanjin Shipping, the country’s largest shipper by capacity, have agreed to offer financial assistance to the company and initiate a corporate rehabilitation program with condition...

Updated : 2016.05.04 21:57