U.S. envoy to visit Seoul next week for talks on NK nukes

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S. Korea's industrial output shrinks in Oct.

South Korea's industrial output shrank in October from a month earlier, affected by sluggish activities in the manufacturing sector, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries droppe...

Updated : 2014.11.28 10:31

Local consumers await Black Friday

Kim Yoo-jin, a high school teacher, has been eagerly waiting for America’s Thanksgiving holiday, definitely not to eat turkey but to shop online on Black Friday, the day following America’s biggest ...

Updated : 2014.11.27 21:25

Watchdog seeks criminal charges against handset subsidy violations

South Korea’s communications watchdog said Thursday it will seek criminal charges against local mobile carriers for violating the new handset subsidy payment law that caused problems for buyers of Apple’s new iPhone 6. The Korea Communications Commission said after a meeting that it is a...

Updated : 2014.11.27 21:23

Car output to reach 4.51 million units in 2015

Vehicle output in South Korea is expected to rise slightly to 4.51 million units in 2015 from this year, thanks to growing demand, a report by a state-run industrial think tank showed Thursday.According to the Korea Institute for Industrial Economics and Trade, next year’s numbers represe...

Updated : 2014.11.27 21:23

Korea logs current account surplus for 32nd month

South Korea posted a current account surplus for the 32nd straight month in October on a rise in exports and a fall in dividend payments overseas, data showed Thursday.The current account surplus reached $9.01 billion last month, compared with a revised $7.41 billion in September, accordin...

Updated : 2014.11.27 21:22

Investment advisory firms’ net soars in fiscal H1

Korea’s investment advisory companies saw their earnings soar 173 percent in the first half of fiscal 2014 from a year earlier due to a rise in returns from equity investments, the financial watchdog said Thursday.The combined net profit of 166 local and foreign investment advisers reache...

Updated : 2014.11.27 21:22

Internet of Things to affect Thanksgiving holiday shopping

Kang Hak-dongThe number of smart devices in your home, on your body and around your office is increasing every day. By 2020, there could be as many as 30 billion devices hooked up to the so-called Int...

Updated : 2014.11.27 21:22

Hyundai Heavy workers go on first strike in two decades

Unionized workers at Hyundai Heavy Industries, the nation’s top shipbuilder, staged a partial strike on Thursday for the first time in 20 years over an annual pay dispute with the management. The neg...

Updated : 2014.11.27 21:21

Copper magnate Koo dies of cancer

The LS-Nikko Copper chairman Koo Cha-myung, dubbed “copper man” in Korea, has died of a chronic illness, the company announced on Thursday.The 62-year-old chairman, the third son of the LS Group fou...

Updated : 2014.11.27 21:21

Hyundai Heavy goes on partial strike on pay dispute

Unionized workers at Hyundai Heavy Industries Co., the world's largest shipbuilder, went on a partial strike Thursday after pay raise negotiations failed, company officials said.   The 18,000-member union staged a four-hour walkout from 1 p.m., its first strike in 20 years, while the ne...

Updated : 2014.11.27 17:36

Park calls on entrepreneurs to build creative economy

President Park Geun-hye urged entrepreneurs from all walks of life Thursday to develop their creative ideas into money-making businesses, saying the government will do all it can to provide them with the necessary support.   Park made the remarks during the opening ceremony of Creative ...

Updated : 2014.11.27 13:02

Shipments in manufacturing, mining down last year

The number of companies in South Korea grew last year but their combined shipments shrank, apparently affected by sluggish market conditions, government data showed Thursday.   The number of companies employing 10 workers or more in the manufacturing and mining areas came to 65,759 as o...

Updated : 2014.11.27 12:51

S. Korean companies pessimistic about biz conditions for Dec.

South Korea's big companies are pessimistic about business conditions in December due to the sluggish pace of recovery at home and economic uncertainties abroad, a poll showed Thursday.   According to the survey by the Federation of Korean Industries (FKI) of the country's top 600 compa...

Updated : 2014.11.27 11:51

S. Korea's car output expected to reach 4.51 mln units in 2015: report

Vehicle output in South Korea is expected to rise slightly to 4.51 million units in 2015 from this year, thanks to growing demand, a report by the state-run industrial think tank showed Thursday.   According to the Korea Institute for Industrial Economics and Trade (KIET), next year's n...

Updated : 2014.11.27 10:38

Investment advisory firms' net soars in fiscal H1

South Korea's investment advisory companies saw their earnings soar 173 percent in the first half of fiscal 2014 from a year earlier due to a rise in returns from equity investments, the financial watchdog said Thursday.   The combined net profit of 166 local and foreign investment advi...

Updated : 2014.11.27 08:57