A heat wave has killed more than 2.67 million chickens and ducks across South Korea since July, an insurance company said Saturday.Temperatures hovered above 33 degrees Celsius for 24 days across the country in the summer. The mercury hit this year's record high of 39.6 degrees Celsius in Yeongc

"Generally, about 75% of liver cancer are liable to recur five years after they are cured. However, Green Cross Cell-developed 'Immuncell-LC', the next-generation customized cancer immunotherapy, can reduce the recurrence rate up to 33%. This result is considered unprecedented globally. Thi

Four workers were killed in an explosion on an oil tanker under construction at an STX Offshore & Shipbuilding plant in Changwon, South Gyeongsang Province, the national fire agency said Sunday.The accident occurred at 11:37 a.m. at the plant in the city located some 450 kilometers southeast of Seou

South Korea's top 30 conglomerates increased their investment 28 percent on-year in the first half of this year on the back of strong performances by chip and display makers, a market tracker said Sunday.The total amount of investment came to 37.14 trillion won (US$32.5 billion) in the January-J

South Korean retail giant Lotte Group has sold the most debt so far this year with other major business groups also offering massive corporate debt amid low market rates, data showed on Saturday. According to the data compiled by Infomax, the financial news and information arm of Yonhap News

By Managing Editor Ms. Kim Jung-miWith Reporter Kim Sung-minDriving for about an hour and half northward from Seoul, one comes to the Cheorwon County of the Gangwon Province, some 48 miles northeast of Seoul, where is located the Glami Co., Ltd. which was established by Chairman & Chief Executive Of

South Korea's finance minister and central bank governor pledged Wednesday to take measures to stabilize financial markets, if necessary, amid lingering tensions between North Korea and the United States."The government and the Bank of Korea plan to make aggressive efforts to stabilize financia

South Korean companies spent more on labor costs last year than two years ago despite a fall in their sales, with export industries bearing a heavier burden in salary payments, industry data showed Wednesday.CEO Score, which follows business performances of major corporations, analyzed 334 firms who

South Korea's two leading carmakers Hyundai Motor Co. and Kia Motors Corp. said sales of eco-friendly vehicles shot up 2.5-fold in 2017, on strong consumer demand.The companies, flagship affiliates of Hyundai Motor Group, the world's fifth-largest automotive conglomerate, said sales of conve

Sales of gold bars, regarded as a safe haven for investors, are increasing in South Korea amid escalating tension with North Korea, industry sources said Saturday.The Korea Gold Exchange, a local trader, said the average daily sales of 100-gram gold bars reached 250 units since Wednesday, rising sha

Hyundai Merchant Marine Co., South Korea's top shipping firm, said Friday that it continued to suffer an operating loss in the second quarter of the year due to still lower freight rates.Its operating loss reached 128 billion won (US$112 million) in the April-June period, the company said in a r

The governor of South Korea's central bank said Thursday that he has been closely watching North Korea risks as Pyongyang and Washington traded harsh rhetoric.BOK Gov. Lee Ju-yeol said he remained alert on economic and financial fallout the latest standoff over North Korea's nuclear and miss

Operating profits of companies listed on South Korea's benchmark KOSPI are expected to reach nearly 200 trillion won (US$177.6 billion) for 2017 amid the recent stock rally, a survey showed Sunday. Local brokerages forecast that KOSPI-listed firms will post a combined 193 trillion won in operati

South Korea's per capita gross domestic (GDP) is expected to edge past Italy's in 2018, the government predicted Sunday, based on growth forecast data.The prediction, if it is met, will place the country's per capita GDP at slightly more than US$30,000 and just over that of the European

South Korea's new trade chief pledged Friday to try to seek a balance with major trading partners over trade amid looming talks with the United States that could lead to an amendment of the existing free trade agreement (FTA).The bilateral open trade pact, which went into effect in 2012, has wid

President Moon Jae-in promised to continue holding frequent discussions with the country's top business leaders on issues that may affect their business, noting the country's growth as well as the success of his administration may depend on them, an official from the presidential office Cheo

SEOUL, July 26 (Yonhap) -- South Korea will lower the maximum legal lending rate to 24 percent from next year and strengthen supervision of private lenders, in a move to help ease financial burdens for desperate borrowers, the nation's top financial regulator said Wednesday.Choi Jong-ku, the new

'At the moment wastewater treatment process is known to be requiring electricity or other monetary resources,' says Mr. Dong-woo Kim, CEO of BKT Co., Ltd.. 'But BKT changed this stereotype by converting organic matter in the wastewater into energy and thus making money.' As a result

South Korean banks posted surprisingly good first half earnings on the back of an economic recovery and an uptick in interest rate, industry data showed Sunday, stirring up concerns over their bonus plans amid ballooning household debt.According to the data, the country's four biggest banking gr

President Moon Jae-in nominated an incumbent ruling party lawmaker as labor minister on Sunday after his previous pick withdrew amid strong objection from opposition parties.Rep. Kim Young-joo of the ruling Democratic Party was nominated to lead the labor ministry, according to presidential spokesma