South Korea's Finance Minister Kim Dong-yeon asked Asian and Pacific leaders on Saturday to lend support for the implementation of last week's inter-Korean peace agreement, his office here said.He made the remarks in his address at the 51st Asian Development Bank's annual meeting now und

Nearly 500 former and current employees of Korean Air Lines Co. staged a candlelight vigil on Friday to protest abusive treatment by the controlling Cho family, amid rising public outcry over an alleged assault by one of the chief's daughters.The former and current employees at the country's

LG Electronics Inc. said Thursday its first-quarter operating profit moved up 20.2 percent on-year helped by robust sales of premium home appliances, although its handset sales remained weak.The company's operating profit reached 1.1 trillion won in the three month period, with sales increasing

South Korean President Moon Jae-in and North Korean leader Kim Jong-un reached an understanding Friday to push for economic projects that their two late predecessors had previously agreed upon more than a decade ago.In 2007, South and North Korea agreed to establish cooperative complexes for shipbui

The board of Daewoo Shipbuilding & Marine Engineering Co. decided Friday to keep the company's current head in post for three more years, a company official said.Jung Sung-leep is set to be formally appointed the company's CEO in a shareholder meeting on May 29, the official said. Th

South Korea and China on Friday held their first high-level economic cooperation meeting in two years following an improvement of bilateral ties damaged by a diplomatic feud over a U.S. missile defense system deployed in the South.The two sides reaffirmed their commitment to closer economic and trad

-- The United States declined to designate South Korea as a currency manipulator Friday but kept it on its list of countries to monitor.In a semiannual report to Congress, the Treasury Department said the currency practices of South Korea and five other countries required close attention but no trad

South Korea's top 10 business groups accounted for 79.1 percent of all net profits generated by companies listed on the country's main stock exchange in 2017, the local bourse operator said Sunday.According to the Korea Exchange (KRX), of the 533 companies checked that settled their accounts

Real interest rates offered by South Korean lenders fell into minus territory last year, with people effectively losing money if they make deposits, central bank data showed Sunday.The Bank of Korea (BOK) said the average annual interest rate for savings accounts stood at 1.56 percent, compared with

South Korea's central bank will likely hold its key rate steady at the upcoming monetary policy meeting due largely to low inflationary pressure, a leading provider of economic analysis said Sunday.The Bank of Korea (BOK) is set to hold its rate review session Thursday to decide whether to keep

Of late, high-content active vitamins have become popular among Koreans as they are known to be effective against physical fatigue. The active vitamin market is growing at more than 30% annually, with a wide range of products putting on the market. Experts recommend closely examining products for th

South Korea's exports rose 6.1 percent last month from a year earlier to mark the largest monthly tally for March, government data showed Sunday.Outbound shipments reached US$51.58 billion in the one-month period, up from $48.64 billion a year ago, according to the data compiled by the Ministry

An appeals court is set to hold the first preliminary hearing for the head of South Korea's retail giant Lotte in a massive bribery scandal that removed the country's leader from office last year, industry and legal sources said Sunday.In February, a Seoul court sentenced the business tycoon

South Korea's key stock index had its biggest fall in more than six years on Friday in the wake of a brewing trade war between the United States and China, data showed Sunday.The benchmark Korea Composite Stock Price Index (KOSPI) plunged 79.26 points, or 3.18 percent, to 2,416.76 on Friday, the

Hyundai Motor Co. said Sunday it will take the wraps off an electric vehicle (EV) concept model for its Genesis luxury brand at the upcoming New York International Auto Show.The new concept will be of a GT or gran turismo design and comes ahead of plans by the carmaker to launch a production EV in 2

The South Korean economy likely contracted in the final three months of last year due largely to a slowdown in exports and construction investment, a leading provider of economic analysis said Sunday.In an earlier prediction, the Bank of Korea (BOK) said Asia's fourth-largest economy probably gr

South Korean banks' mortgage rates have been on the rise over the past year in tandem with U.S. rate hikes, market sources said Sunday.Those rates, charged on home-backed loans, are widely projected to go up further down the road if the U.S. central bank sticks to its hawkish policy stance.Accor

The United States will temporarily exempt South Korea from stiff tariffs on steel imports, a top U.S. trade official said Thursday, following weeks of lobbying by South Korean officials.Speaking at a Senate hearing, U.S. Trade Representative Robert Lighthizer said President Donald Trump had authoriz

CJ Logistics Corp. said Sunday it has signed a partnership deal with FESCO, a Russian transportation and logistics firm.The preliminary deal is expected to allow the logistics arm of South Korea's food and entertainment conglomerate CJ Group to do business using Russia's Trans-Siberian Railw

South Korea and the United States made some progress in the third round of negotiations to amend their free trade agreement (FTA) on key issues, and will continue to talk about Washington's proposed steel tariff, Seoul's trade ministry said Saturday.Yoo Myung-hee, a South Korean deputy minis