New Chinese Ambassador to South Korea Xing Haiming will arrive in Seoul next week, a diplomatic source said Wednesday, as the two countries seek to improve their ties once strained by the installation of a U.S. missile defense system here.Xing, a former Chinese ambassador to Mongolia, is set to arri

South Korea's financial regulator said that it will open the country's first financial data exchange in March, a move that could boost the data-driven economy.The exchange will serve as a key platform for buyers and sellers of financial, telecommunication and corporate data. It is meant to facilitat

South Korea's agricultural output is expected to stand steady this year, although farmers' income is poised to gather ground on increased state subsidies, a report showed Tuesday.The country's overall agricultural output is expected to reach 50.4 trillion won (US$43.4 billion) this year, standing ne

SEOUL, Jan. 12 (Yonhap) -- Samsung Electronics Co., the world's largest memory chipmaker, saw its market cap vault 10 notches over the past year to rank 18th worldwide, as the South Korean tech giant has continued to build up gains on a rosy earnings outlook, data showed Sunday.Samsung's market cap

South Korea's current account surplus grew from a year earlier in November as its service account deficit narrowed, while its primary income account surplus expanded, central bank data showed Tuesday.The country's current account surplus came to US$5.97 billion in the month, up $840 million from the

South Korea's consumer prices slowed to a record low in 2019 amid a slowdown in Asia's fourth-largest economy dogged by a protracted slump in exports and weak domestic demand, government data showed Tuesday.According to the data compiled by Statistics Korea, the country's inflation gaine

South Korea will implement its economic policy next year to invigorate investment and create more jobs, while laying the foundation to tackle the nation's chronic low birthrate and maintain decent economic expansion over the mid-to-long haul, the finance ministry said Thursday.The economy is exp

Discloses Korea International Trade Association Samsung Display to inject $11 billion for upscaling next-generation TV display capacity According to KITA, Samsung Display will spend 13.1 trillion won ($11 billion) by 2025 in display operation to ensure leadership in next-generation panel market, wit

South Korea's jobless rate fell to 3.1 percent in November, and job additions came to over 330,000, data showed Wednesday.The unemployment rate decreased 0.1 percentage point on-year, and the number of employed people reached 27.5 million in November, according to the data compiled by Statistics

Former Daewoo Group Chairman Kim Woo-choong died late Monday at age 82, an organization affiliated with the now-defunct conglomerate said. Kim, the founder of the company, died of a chronic disease at a hospital in Suwon, just south of Seoul, at 11:50 p.m., according to Daewoosky Institute, which re

Home-backed loans extended by South Korea's five major lenders increased at a slower pace in November compared with the previous month, industry data showed Tuesday, as the government applies stricter lending rules.The outstanding home-backed loans extended by KB Kookmin Bank, Shinhan Bank, Woor

The South Korean economy expanded 0.4 percent from three months earlier in the third quarter as earlier estimated, the Bank of Korea (BOK) said in its latest revision released Tuesday.The third quarter growth estimate remained unchanged from preliminary figures released in late October despite sligh

South Korea's consumer prices rose 0.2 percent on-year in November, marking the first gain in four months, the statistics agency said Monday.The consumer price index stood at 104.87 in November, compared with 104.71 for the same month last year, Statistics Korea said in a statement.The November

South Korea's consumer prices rose 0.2 percent on-year in November, marking the first gain in four months, the statistics agency said Monday.The consumer price index stood at 104.87 in November, compared with 104.71 for the same month last year, Statistics Korea said in a statement.The November

The growth of South Korea's private consumption is expected to hit a six-year low in 2019, as consumer sentiment remained downbeat over a prolonged trade war between the United States and China, according to the Bank of Korea (BOK) on Sunday.The BOK predicted last week that private consumption m

South Korea's exports slipped 14.3 percent in November from a year earlier to extend their slump to a 12th consecutive month, data showed Sunday, amid the protracted trade row between the United States and China, and an extended slump in chip prices.Outbound shipments reached US$44.1 billion las

South Korea's finance minister said Thursday that the government will spare no effort for the completion of a multi-billion-dollar project to build Asia's second-largest theme park in the country.South Korean retail giant Shinsegae is set to break ground for the 4.57 trillion-won (US$3.8 bil

South Korea's non-life insurers suffered a near 28 percent tumble in third-quarter earnings due to a rise in their loss ratio, data showed Tuesday.The combined net profit of nine non-life insurance firms came to 502.1 billion won (US$431 million) in the July-September period, down 27.8 percent f

BMW Group Korea said Sunday it will strengthen its electrified vehicle lineup to revive sales in line with the German automotive group's broad environment-friendly vehicle strategy.BMW has recently announced its plan to release 25 zero-emission and less-emitting vehicles by 2025.

A consortium led by construction firm HDC Hyundai Development Co. has been named as the preferred bidder to acquire Asiana Airlines Inc., Kumho Industrial Co. said Tuesday.Parent Kumho Asiana Group put Asiana Airlines up for sale in April and has been aiming to sell a 31 percent stake in the airline