Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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Over 82,000 Korean young people unemployed, not searching for job long-term
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[KH Explains] Can smart chargers ease tensions over EV fires?
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40% of Korea's workers who reported bullying faced retaliation: survey
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1 in 5 households to have breadwinner over 80 in 30 years
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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[Weekender] Young Koreans more open to Japanese cultural products
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Evicted guest burns down inn; 3 killed
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Arrival of fall calls for more outdoor festivals
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Korea to hold food fair in China
South Korea will hold a food fair in the Chinese city of Chengdu later this week to promote the country's agricultural products and foodstuffs in the neighboring country, the ministry here said Wednesday.The 2016 Chengdu K-Food Fair will kick off on Thursday and run through Wednesday, with 28 South Korean food and dairy firms to present their products, according to the Ministry Agriculture, Food and Rural Affairs.During the four-day event, South Korean firms including Lotte Chilsung Beverage Co.
IndustryAug. 3, 2016
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Excessive red tape forces local firms to remain small: report
Despite years of government efforts to remove regulations that hinder investment and employment, too many old and new regulations continue to discourage business activities in South Korea, some even discouraging local firms from expanding their size, a report said Wednesday.According to the report from the Federation of Korean Industries, a business lobby that represents the country's top 600 companies, large firms were currently subject to 81 separate regulations under 39 laws as of end-July.Th
IndustryAug. 3, 2016
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KDB: Korea's major industries likely to post negative growth
The Korea Development Bank on Wednesday said the country's major industries could post negative growth in the second half of the year.The South Korean policy lender said the prospects of shipping lines and shipbuilding are "very bad," while describing those for the car, steel, machinery and construction industries as "a bit bad" in a new report.South Korean shipbuilders have been under severe financial strain in the face of declining new orders amid a protracted slump in the world's economy.The
Aug. 3, 2016
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Korean exporters still face growing protectionism
South Korean companies are confronted with growing trade barriers in overseas markets as major economies toughen import rules amid a protracted economic slowdown, industry sources said Wednesday.As of the end of July, South Korean products were affected by 179 anti-dumping measures, safeguards and other import regulations worldwide, according to the sources and the state-run Korea Trade-Investment Promotion Agency.In the first seven months of this year alone, 24 new complaints involving import r
IndustryAug. 3, 2016
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Park's meeting with lawmakers unrelated to Saenuri leadership race
The presidential office Cheong Wa Dae on Wednesday dismissed suspicion that President Park Geun-hye's plan to meet lawmakers representing part of the country's southeastern region may be related to the ruling Saenuri Party's leadership race slated for next week.Cheong Wa Dae has been coordinating with lawmakers representing Daegu and North Gyeongsang Province to schedule a meeting as the president seeks to solicit their views on the planned deployment of an advanced U.S antimissile system in the
PoliticsAug. 3, 2016