A steady rise in gasoline is starting to put pressure on consumer prices as South Koreans take time off for the long Chuseok holiday, market watchers said Saturday.Data by the Korea National Oil Corp. (KNOC) showed that the average price of a liter of gasoline in the fourth week of September rose 6.

South Korea's commerce minister said Tuesday the nation's economic fundamentals remain sound despite North Korea's provocations, and called on foreign enterprises doing business here to increase their investments.Paik Un-gyu, the chief of the Ministry of Trade, Industry and Energy, said

Tesla Motors Inc.'s Model S 90D is eligible to receive government subsidies in South Korea as the country has recently eased regulations involving battery charging time, the environment ministry said Friday.On Thursday, the Ministry of Environment notified the U.S. electric carmaker of its decis

South Korea's exports grew at the fastest pace among the world's top 10 exporters, data by the World Trade Organization (WTO) showed Tuesday, thanks to brisk sales of semiconductors and petrochemical products.Outbound shipments amounted to US$328 billion in the first seven months of this yea

Hyundai Motor Co. has named Lee Kyung-soo the new chief executive of its American unit, a post that had been vacant for nine months, according to the company's website on Saturday.Lee, 61, joined Hyundai in 1982 and most recently served as chief executive of Hyundai Translead, a U.S. affiliate o

South Korea's corporate watchdog is considering launching an investigation into allegations that Asiana Airlines Inc., the country's second-largest air carrier, forced one of its suppliers to buy bonds issued by its holding company, industry sources said Monday.LSG Sky Chefs Korea Co., a loc

South Korea's financial watchdog said Monday it will present comprehensive measures later this month to give permanent jobs to temporary workers currently employed at state-run institutions.The move comes as the Moon Jae-in government is pushing ahead with the implementation of his presidential

The sales of Hyundai Motor Co. and its affiliate Kia Motors Corp. in China declined 39 percent on-year last month amid prolonged diplomatic tension between Seoul and Beijing over the deployment of a U.S. missile defense system, industry data showed Sunday.Hyundai Motor and Kia Motors sold a combined

Lotte Hotel & Resorts said Sunday it opened its second hotel in Russia last week as it seeks to tap deeper into the overseas market. The new hotel opened in Saint Petersburg on Friday. It launched its first Russian operation in Moscow in 2010. Lotte currently operates hotels in the Un

South Korea's major shipyards, led by Hyundai Heavy Industries Co., are projected to report weaker-than-expected earnings for the third quarter of the year, due to increased costs and the construction of low-priced ships amid decreased new orders, industry sources said Sunday.According to the da

Korean Air, South Korea's biggest carrier, plans to end its route from Incheon International Airport to Houston next month due to losses on a decline in passengers.According to the transport ministry and Korean Air on Saturday, the airline decided to close its KE029 and KE030 flights between Inc

Hyundai Motor Co. has named Lee Kyung-soo the new chief executive of its American unit, a post that had been vacant for nine months, according to the company's website on Saturday. Lee, 61, joined Hyundai in 1982 and most recently served as chief executive of Hyundai Translead, a U.S. af

Prime Minister Lee Nak-yon met with the governor of the U.S. state of Wisconsin on Friday and discussed trade and economic cooperation, including the free trade pact between the two countries, Lee's office said.Gov. Scott Walker has been on a four-day visit to South Korea since Wednesday, leadin

Twenty winners of the 6th Daepyung Namjonghyun Invention Culture Award were cited at a gala ceremony held at the Namjonghyun Culture Center building in Cheorwon some 47.8 miles north of Seoul Saturday (Sept. 9). The Award is considered a great source of inspiration for the people who are interested

South Korea's exports fell 8.7 percent in the first 10 days of this month from a year earlier due to decreased business days, the latest customs data showed Monday.Total outbound shipments reached US$12.3 billion from Sept. 1-10, down from $13.5 billion tallied over the same period last year, ac

Hyundai Motor Co. and its sister company Kia Motors Corp. are set to miss this year's sales target as diplomatic rows with China deepen, company officials said Sunday.In the January-July period, Hyundai Motor and Kia Motors, two key affiliates of South Korea's Hyundai Motor Group, posted a 4

LG Electronics Inc.'s brand new V30 smartphone will come with a price tag in the mid-900,000 won range in its home market, industry sources said Sunday, as it aims to compete head on with other flagships in the second half of this year.According to mobile operators, the 64 gigabyte version of th

South Korea's top financial regulator said Sunday it will step up monitoring and carry out probes into money laundering, unauthorized financing and other illicit transactions of digital currencies.Joining Japan, China and other Asian nations in trying to regulate crypto-currencies, the Financial

A Seoul court issued a warrant to detain the chief of public broadcaster MBC for a week for an investigation into alleged unfair labor practices, prosecutors said Friday.Kim Jang-kyom, the company's embattled CEO and president, has refused several times to answer the summons by the Seoul regiona

South Korean firms, led by LG Chem Ltd., are in a rush to tap into the electricity vehicle (EV) battery market, which is poised to further expand down the road, industry sources said Saturday.LG Chem, a major chemicals and battery firm under the LG Group, announced early this week that it has decide