Korea to delay low-carbon car incentive plan

South Korea will delay implementing its low-carbon vehicle incentive system until 2020 to minimize the fallout for customers and the automobile industry, government policymakers said Tuesday.The announcement, reached at a meeting ...

Korea mulls public ferry services

The Maritime Ministry said Tuesday it would ban any remodeling of ships that could jeopardize their safety, the first concrete reform taken by the government in response to the tragic sinking of a passenger ferry in April that lef...

[Graphic News] State firms increasingly rely on nonregular workers

South Korea’s state-owned enterprises are increasingly relying on nonregular workers hired through subcontractors, according to Alio, a state-run statistics website on public companies.Some 360 state-run agencies hired a total of...

Troubles mount for Hyundai Heavy

Hyundai Heavy Industries faces an uphill battle as its union is set to go on strike for the first time in 19 years amid lackluster earnings.At the same time, its competitor Samsung Heavy Industries is catching up with the world’s...