South Korea's economic growth rate ranked fifth among members of the Organization for Economic Cooperation and Development (OECD) in the first quarter of the year, a sharp turnaround from three months earlier, OECD data showed Sunday. Asia's fourth-largest economy expanded 1.1 percent in the

South Korean shares are expected to find little upward momentum next week due to increased uncertainties following the cancellation of the U.S.-North Korea summit and growing protectionism tendencies by the world's No. 1 economy, local market watchers predicted on Saturday.Analysts said the benc

South Korea will develop advanced bunkering technology for liquefied natural gas (LNG) ships to increase the number of eco-friendly vessels it can support as more countries move to implement tougher environmental regulations, the oceans ministry said Tuesday.The Ministry of Oceans and Fisheries has

South Korea's financial regulators said Sunday they will strengthen efforts to ferret out the illegal transfer and concealment of wealth abroad.The Financial Supervisory Service (FSS) and the Financial Intelligence Unit (FIU) said they are now better able to detect certain transfers of funds to

Late business tycoon Koo Bon-moo, who died Sunday, effectively expanded the global standing of South Korea's fourth-largest conglomerate LG by bolstering the competitiveness of a range of its businesses, from electronics to chemicals, throughout his more than 20 years as the top executive.

The number of new employees hired by South Korea's top 30 companies moved up 2.3 percent on-year in the first quarter, data from a local corporate research firm showed Sunday.According to CEO Score, companies belonging to such conglomerates as CJ, Samsung and SK recruited 21,361 people into thei

South Korea's global entrepreneurship index (GEI) moved up three notches in 2018 from last year on a solid improvement in the attitudes of those engaged in business activities, a report by a local think tank showed Sunday.The findings by the Korea Small Business Institute (KOSBI) showed that Asi

South Korea's central bank is expected to freeze its policy rate at the current 1.5 percent at its upcoming monetary meeting due to low inflation pressure and the sluggish job market, a market watcher said Sunday.Scheduled to take place Thursday, the seven-member monetary policy panel under the

By Reporter Ms. Kim SuaThere was a road show entitled “Peru: Investment Opportunities in Infrastructure and Public Services” at the Grand Hyatt Seoul on May 16, 2018, where The Korea Post media conducted an interview with Director Cesar Penaranda of Private Investment Promotion Agency . The followin

A leading index that gauges the direction of South Korea's economy fell below the break-even 100 mark in the first two months of this year, which could bode ill for Asia's fourth-largest economy going forward, official data showed Sunday.According to the Organization for Economic Cooperation

Local beer is steadily being sidelined by imports as distributors are focusing on importing foreign brands that can potentially threaten South Korea's production base, industry observers here said Sunday.Market insiders said that South Korean distributors are currently competing with each other

South Korea's small and medium-sized enterprises (SMEs) will do their part to stimulate cross-border economic cooperation once Seoul and Pyongyang normalize relations, a local business lobby group said Sunday.Korea Federation of Small and Medium Business (KBIZ) Chairman Park Sung-taek said in a

South Korea has sent a business delegation to the United Arab Emirates (UAE) to search for new business opportunities in the refining and petrochemical sectors, the trade ministry said Friday.Deputy Trade Minister Kang Sung-cheon will lead a 40-member delegation to attend the Downstream Investment F

Hyundai Mobis Co., South Korea's largest auto parts company by sales, is considering acquiring an electronic auto component maker to stay ahead in future car technologies, the company said Friday.In a recent interview with a foreign newswire service, Hyundai Motor Group Vice Chairman Chung Eui-s

South Korean immigration officials raided the main office of Korean Air Lines Co. on Friday in connection with an investigation into alleged illegal employment of foreign housekeepers, sources said.The Seoul Central District Prosecutors' Office sent its investigators handling immigration affairs

By Publisher Lee Kyung-sik with Ms. Kim Jung-mi, Sua KimDirector Mohamad Reduan Mohd Zabri of the Malaysian Investment Development Authority (MIDA) in Seoul said, “Hundreds of leading Korean companies have made Malaysia a part of their strategic location for investments and they include Lotte Chemic

Spain has in store for Korean companies attractive investment in infrastructure development on third countries, in renewable energy, automotive, real estate--and many more...By Publisher Lee Kyung-sik with Reporters Kim Jung-mi, Sua Kim“Spain offers one of the most attractive Investment Incentives s

President Cho Dong-sung of Incheon National University in Inchon, a little over 28 miles southwest of Seoul, invites ambassadors and their spouses to visit and see the unique and competitive aspects of his university on May 24 this year.Here are recent developments at the university:

South Korea's top 100 companies saw first-quarter earnings rise compared to the same period last year, but the gains were concentrated on a handful of high-performing companies, corporate analysis showed Sunday.CEO Score, a website that appraises corporate performance, analyzed the top 100 firms

South Korea will push to revive a currency swap deal with Japan that was suspended over diplomatic feuds, Bank of Korea (BOK) Gov. Lee Ju-yeol has said.During a news conference on the sidelines of a regional forum in Manila on Friday, Lee expressed expectations that the two sides will start negotiat