[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 year, according to industry ins...

[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 to visit Korea at once, the emp...

[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 under the Hershey Co.Reese’s t...

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. Outstanding loans extended by Shinhan Ba...

‘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, the costs of gift-giving drives...

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 stocks from net-buyers, according...

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 to nominate Hong as the chief...

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. in March, taking up 17.1 perce...

[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)

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 Fund said.In its regional report ...

[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 Cultural Heritage Administration will...

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 conditions attached. Seven creditor ban...

[Market Now] Niblo Barracks to be sold for W642b

Niblo Barracks, home to U.S. military personnel stationed in the Yongsan base, has been sold for 624.2 billion won ($540 million), Korea Land & Housing Corp. announced Wednesday. Daishin F&I, a local financial firm specializing in...

Seoul expands ‘car-sharing’ network

The Seoul city government has launched the second stage of car-sharing network aimed at expanding the number of vehicles and use of electric cars in the city, officials said Wednesday.The project named Nanum-Car service will be op...

[Market Now] SK Chemicals vice chairman sells stake in SK E&C

Chey Chang-won, vice chairman of SK Chemicals, has sold his entire stake in SK Engineering and Construction, the builder said Wednesday.SK E&C said in a regulatory filing that Chey sold off 156.9 million shares of the company, or ...