Speaker rules out directly calling vote on bill on extending special probe

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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

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

[Herald Interview] ‘Seoul needs trust-building mechanism more than anything’

Michael BerkowitzWhat Seoul needs more than anything to become a resilient city is people’s trust in the government, said Michael Berkowitz, president of 100 Resilient Cities under the Rockefeller Fo...

Updated : 2017.02.21 16:33

GS25 partners with Beyond, expanding into cosmetics

Convenience store chain GS25 said Tuesday that it has partnered with LG Household & Health Care’s cosmetics brand Beyond, looking to expand its sales by setting up a new cosmetics category.The two co...

Updated : 2017.02.21 15:43

NGO, Kookmin offer psychological counseling for needy children

The Korean Open Doctors Society, a non-governmental organization in Seoul, and KB Kookmin Bank have launched a joint psychological counseling and therapy program for children from low-income families....

Updated : 2017.02.21 13:13

Govt. to pay W1.5tr in subsidies to rice farmers

The South Korean government will pay nearly 1.5 trillion won ($1.3 billion) in subsidies to rice farmers this year as compensation for falling prices, the agriculture ministry said Tuesday.Under the l...

Updated : 2017.02.21 11:14

Half of Korean firms plan to hire older workers in 2017

More than half of South Korean companies have plans to hire older, experienced workers this year, partly for their expertise but also for their ability to interact and lead others with less experience...

Updated : 2017.02.21 11:10

Some 'nondescript' foreign items popular among Koreans

Several high-priced foreign goods are extremely popular among South Koreans though they are almost unknown to consumers in the producing countries, industry sources said Tuesday.One of them is a table...

Updated : 2017.02.21 11:05

Sales of Samsung's premium laptop computers exceed 100,000 units this year

Sales of Samsung Electronics Co.'s premium Notebook 9 line of laptop computers have surpassed 100,000 units so far this year, industry data showed Tuesday. Samsung unveiled the new version of premium ...

Updated : 2017.02.21 11:03

Hermes bags are talk of town amid nation-rocking scandal

Hermes handbags, despite their international reputation as an elegant luxury brand, are adding bitterness to their cachet in South Korea as they have been used as a "popular" item for bribes in high-p...

Updated : 2017.02.21 10:54

Korea eyes exports of signature green tea

South Korea is pushing to export its most famous organic green tea brand to tap fast growing markets in the United States and other countries, officials said Tuesday.The Ministry of Agriculture, Food ...

Updated : 2017.02.21 09:52

Hyundai Heavy bags order to build 2 oil tankers

Hyundai Heavy Industries Co., a major shipyard in South Korea, has received an order to build two oil tankers, industry sources said Tuesday.Under the deal with a Greek shipowner, Hyundai Heavy will b...

Updated : 2017.02.21 09:39