South Korea's financial regulator to convene emergency meeting

South Korea's top financial regulator will convene an emergency meeting to intensify monitoring of the local financial market following North Korea's long-range missile launch, an official said Sunday.In the meeting scheduled to t...

Seoul shares seen to stay rangebound in post-holiday sessions

South Korean stocks are expected to move sideways during the holiday-shortened week on signs of a slowing Chinese economy and fluctuating oil prices, though falling odds of a Federal Reserve rate hike could ease downward pressure,...

Hanwha chairman meets ex-Heritage Foundation chief

Hanwha Group chairman Kim Seung-youn discussed Korea-U.S. economic relations and the conglomerate’s core businesses with former Heritage Foundation chief Edwin J. Feulner, group officials said Friday.The meeting took place at Kim...

Samsung, LG switch strategies to take on smartphone rivals

Caught between decreasing earnings and challenges posed by Chinese competitors, Korea’s tech giants Samsung Electronics and LG Electronics aim to create new growth momentum with their upcoming flagship smartphones, the Galaxy S7 ...

New law expected to spark flurry of M&As

A law that passed the National Assembly on Thursday may spark a flurry of mergers and acquisitions, leading to consolidation in some oversupplied industries such as shipbuilding, construction and metals, experts said Friday. Dubbe...

Choi to take up World Bank executive directorship

A Finance Ministry director will fill the World Bank executive director’s office, vacated by Eun Sun-soo, the ministry said Friday. Eun quit last month to run Korea’s sovereign fund Korea Investment Corp.“World Bank on Feb. 3 a...

Firms vie for control of Tongyang

Shareholders of Tongyang Inc. are in a battle for control of the firm which recently graduated from a 28-month court receivership. According to a filing on Thursday, Eugene Corp., the country’s largest ready-mixed concrete maker,...

Tokyo stocks open sharply lower on stronger yen

Tokyo stocks opened sharply lower on Friday as a stronger yen hit exporters, despite modest gains on financial markets in Europe and on Wall Street.European and US shares mostly firmed Thursday despite another drop in oil prices a...

Korea logs budget surplus in 2015

South Korea posted a budget surplus in fiscal 2015 for the first time in four years as its tax revenue edged up due to increased real estate transactions, the finance ministry said Friday.The gross revenue that the government brou...

Korea's insect industry grows sharply over 4 years

(Yonhap)The South Korean market for insects has grown drastically over the past four years, indicating it could emerge as a promising future industry, a state think tank said Friday.In a report, the Korea Rural Economic Institute ...

Refiners' earnings unscathed by plunging oil prices

Despite global oil prices hitting a multi-year low due to a supply glut, local oil refiners pocketed decent earnings last year on the back of improved cracking margins, and their stellar performance may continue into this year, an...

Samsung's Tizen remains No. 4 smartphone OS

Samsung Electronics Co.'s Tizen operating system retained its status as the fourth most-used smartphone platform in the world in the fourth quarter of 2015, a global market tracker said Friday.According to Strategy Analytics, the ...

Kakao’s Q4 profits drop due to higher costs

Concerns over Kakao’s profitability are on the rise in the market as the profits of the mobile messenger operator nosedived in the October-December period last year. The company said in a regulatory filing on Friday that its net ...

[Photo News] Go match between artificial intelligence AlphaGo and champion Lee Se-dol

AI CHALLENGES HUMAN GO MASTER -- Google unveiled the schedule of the Go match between its artificial intelligence program AlphaGo and Korean Go champion Lee Se-dol on Friday. Demis Hassabis, the founder of Deep Mind, developer of ...

[Behind the Wheel] All-new K7: Masculine but soft

Driving Kia’s all-new K7 for the 162-kilometer round-trip between Seoul and Chuncheon was like taking a bath in hot and cold tubs in rotation.The new generation of the 3.3-liter gasoline K7 excelled in power along with its adrena...