Economy

KOSPI, Won Continue Slide Amid Trade Concerns

Written: 2018-06-28 16:02:48 / Updated: 2018-06-28 17:10:56

South Korean stocks fell and the local currency hit an eight-month low against the dollar on Thursday as foreign investors offloaded shares amid ...

Economy

Samsung-Apple Patent Dispute Ends after 7-Year Battle

Written: 2018-06-28 14:09:22 / Updated: 2018-06-28 14:22:59

Anchor: South Korea's Samsung Electronics and U.S. tech giant Apple have finally settled a patent dispute over allegations that Samsung copied ...

Economy

Samsung, Apple Settle to End 7-Year Patent Dispute

Written: 2018-06-28 08:48:36 / Updated: 2018-06-28 10:53:51

Samsung Electronics and U.S. tech giant Apple have settled a patent dispute after seven years of a legal battle.  In a court filing Wednesday, ...

Economy

Key Labor Union to Rejoin Minimum Wage Negotiations

Written: 2018-06-27 19:01:57 / Updated: 2018-06-27 19:02:40

One of the country’s two largest umbrella labor union has agreed to return to the minimum wage negotiations for next year.  The Federation of ...

Economy

Gov't Postpones Regulatory Reform Check Due to Slow Progress

Written: 2018-06-27 16:55:24 / Updated: 2018-06-27 18:05:44

The government has postponed a debate session on regulatory reform at the request of Prime Minister Lee Nak-yon.  According to the Prime Minister’s ...

Economy

No. of Newborns in April Hit Record Low at Less than 30,000

Written: 2018-06-27 16:40:01 / Updated: 2018-06-27 18:02:36

The number of babies born in South Korea last month has hit another record low.  According to Statistics Korea on Wednesday, 27-thousand-700 ...

Economy

S. Korean Stocks, Won Fall Amid Lingering Trade Fears

Written: 2018-06-27 15:48:07 / Updated: 2018-06-27 17:15:11

South Korean stocks fell slightly and the local currency dropped to a more than seven-month low against the dollar on Wednesday amid mounting trade ...

Economy

S. Korea on Alert as US Aims to Slap High Tariffs on Imported Cars

Written: 2018-06-27 11:28:40 / Updated: 2018-06-27 12:49:57

Anchor: The South Korean auto industry and the nation’s exporters are on alert as the U.S. seems likely to slap high tariffs on imported automobiles ...

Economy

Mercedes-Benz, Nissan, Mitsubishi to Recall 12,000 Vehicles

Written: 2018-06-27 10:06:44 / Updated: 2018-06-27 10:16:16

Three foreign carmakers will voluntarily recall some 12-thousand vehicles to fix faulty parts.  The Ministry of Land, Infrastructure and ...

Economy

Korean Air Chief Summoned for Questioning over Alleged Tax Evasion, Embezzlement

Written: 2018-06-27 09:28:18 / Updated: 2018-06-27 18:40:12

Korean Air and Hanjin Group Chairman Cho Yang-ho has been summoned for questioning over allegations of tax evasion and embezzlement. 

The ...