Eco-friendly soap sales soar due to Oxy fears

Sales of eco-friendly soaps are on the rise as consumers here continue to be wary of potentially harmful household supplies after the Oxy toxic humidifier disinfectant case, data showed Wednesday.According to data from online open...

Seoul stocks almost flat ahead of key data release

South Korean stocks closed little changed Wednesday as investors took to the sidelines waiting for a slew of economic data and events coming this week. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stoc...

Korea to support venture capital for fintech start-ups

The government will fully support venture capital to finance start-ups in financial technology business, as digital innovation will play a critical role in the fourth industrial revolution, Korea’s top financial regulator said We...

Corporate Korea needs culture reform: experts

South Korean firms need to overhaul their corporate culture to enhance global competitiveness, specialists here said Wednesday."What's important, above all, is to change the way of work and culture," Choi Won-sik, head of McKinsey...

Missha launches Line edition cosmetics across Asia

South Korean cosmetics brand Missha has launched its Line Friends edition cosmetics collection in 12 countries across Asia, the brand’s operator Able C&C said Wednesday. Missha’s cosmetics that showcase the 10 signature charact...

Eco-friendly, luxury cars to steal spotlight at Busan Int'l Motor Show

Environment-friendly and luxury vehicles will steal the spotlight during this year's Busan International Motor Show amid a lingering impact of Volkswagen AG's diesel emissions scandal on the markets, industry people said Wednesday...

Naver, telecom carriers to take on Google, Apple with new app store

Internet giant Naver and the nation’s top three telecom carriers -- SK Telecom, KT and LG Uplus -- have teamed up to create a mega app store, called One Store, with more than 30 million users.The new app store has combined their ...

Tech firms seek to entice consumers with design

Korean electronics-makers are trying to remain competitive in the cutthroat competition of the global electronics sector by rolling out products with unique and user-friendly designs.Dongbu Daewoo Electronics, the nation’s third-...

Builders' sentiment hits 16-month low in May

Business sentiment for South Korea's construction industry fell to the lowest level in 16 months in May due to a weak housing market, a poll showed Wednesday.The construction business survey index came to 78.5 last month, down 7.1...

Korea eyes new oil drilling ship

South Korea is pushing for the construction of a new oil drilling ship to replace the existing outdated vessel, a state-run geology and resources research center said Wednesday.The Korea Institute of Geoscience and Mineral Resourc...

Hana Tour opens third business hotel in Seoul

Hana Tour Co., South Korea's leading tour agency, opened its third business hotel in Seoul, aiming to create synergy with its travel, duty-free and entertainment businesses. Tmark Grand Hotel is located in Myeongdong, the shopping...

Pace of export decline slows

The nation’s outbound shipments, a key pillar for economic growth, continued to fall in May compared to the same period a year ago, extending their longest year-on-year monthly fall to 17 months, according to data from the Minist...

GDP credibility questioned amid sluggish growth

Finance Minister Yoo Il-ho suggested last week the government would no longer adhere to its projection that the country’s economy would grow by 3.1 percent this year.Yoo, who doubles as deputy prime minister for economic affairs,...

Hyundai Heavy gets approval on 3.5 tln-won self-rescue measures

Embattled Hyundai Heavy Industries Co. has mapped out 3.5 trillion won ($2.94 billion) worth of self-rehabilitation measures, including asset sales and a cut in its workforce, in order to stay afloat amid a drop in new orders, ind...

More firms subject to strict antitrust rules in May

The number of South Korean business groups' affiliates subject to restrictions on mutual investments and loan guarantees rose sharply in May from a month earlier, the antitrust watchdog said Wednesday.The Fair Trade Commission sai...