SEOUL, Jan. 2 (Yonhap) -- A gloomy outlook for the domestic real estate market this year is spreading on fears of rate hikes and excess supply, according to market watchers Monday.An earlier government attempt to revive the local economy through a property market boom has fizzled out, leaving the co

SEOUL, Jan. 2 (Yonhap) -- The delinquency rate of domestic banks' won-denominated loans extended to large firms dropped below 2 percent in November last year, the first time in six months, partly on a court decision to resuscitate a major shipbuilder here, data showed Monday.The delinquency rate

SEJONG, Jan. 2 (Yonhap) -- Some 3,000 people started their own business per day in 2014, but two-thirds of them had closed down a year later, statistics from the National Tax Service showed Monday.Based on the number of new businesses who filed value-added taxes for the first time in 2015, close to

JW Marriott Dongdaemun Square Seoul Brings You a Modern & Sophisticated Strawberry Dessert Feast, The first 5-star luxury boutique hotel in Dongdaemun, the JW Marriott Dongdaemun Square Seoul announces an unlimited strawberry dessert buffet with coffee and premium tea in The Lounge. The “Salon de St

Seoul, Korea, December 22, 2016 – SK Telecom (NYSE:SKM) today announced that SK Holdings C&C Chief Executive Officer (CEO) Park Jung-ho has been appointed as the new President and CEO of SK Telecom. Since joining Sunkyong Group (which is now SK Holdings) in 1989, Park has served variou

An estimated hundred ‘Old Boys’ of The Herald Media, the former publishers, editors and journalists of the English daily and the Korean-language business daily, had a year-end reunion party at the Press Center in Seoul on Dec. 7, 2016. Publisher-Chairman Lee Kyung-sik of The Korea Post media attende

Have you recently visited the Korean-language Internet website of The Korea Post? If not, please visit www.koreapost.co.kr. The news stories and photographs are updated real-time, as you might have realized if you have seen the articles there recently, and the number of visitors are increasi

Dohwa Engineering, one of the largest engineering design firms in Korea, is taking a leap forward in Algeria with tram design and civil engineering supervision projects. As Dohwa Engineering advanced into Algeria in 2011, the company faced numerous challenges, including a different le

by Choe Nam-sukPresident Park Guen-hye had a summit meeting Prime Minister Navendra Modi of India in India on Sept. 8, 2016, and agreed on the expansion of economic cooperation between the two countries, including expansion of Korean investments in India.Korea and India are coming rapidly closer tog

The Chairman of the Saeima (the Latvian Parliament) Foreign Affairs Committee Ojārs Ēriks Kalniņš, Deputy Chairman Rihards Kols, a member of the committee Artis Rasmanis, and its other representatives are making an official visit to South Korea from 17 to 21 October on an invit

By Choi Yun-seokWarsaw, 17 October 2016--LOT Polish airlines’ Dreamliner took off on its first scheduled flight from Warsaw to Seoul. From now on the Polish airlines will operate that route regularly three times a week, offering passengers the most convenient and effective way to travel from Europe

By Prof. Song Bang-whanThe southwestern province of Jeollanam-do of the Republic of Korea stunned everyone late last May winning the much-coveted Grand Award for Job Creation offered by the President of the Republic of Korea and presented by the Minister of Employment & Labor on behalf of the Presid

By Lee Kyung-sikPublisherof The Korea PostDoyou want to celebrate your 100th birthday in good health? Of courseyou do. Years ago I met with Dr. Chai-won Chung, the founding chairman of Dr.Chung’s Food, better known for the popular ‘Vegimil’ which is soybean milkdeveloped by him. Today Vegimil accoun

The following article was contributed to The Korea Post for publication by Ambassador Mohamed Ali Nafti of Tunisia in Seoul.?Ed. The year 2015 was an important year in the history of Tunisia which ushered a new era in the country marked by the launching of the second Republic in Tunisia and the winn

Chief Executive Officer Kim Jae-soo of the Korea Agro-Fisheries & Food Trade Corp (aT) was reappointed for another year on Nov. 24, 2015 for a third consecutive term, which brings the total length of his leadership of aT to five years.CEO Kim is an outstanding agricultural expert who has served in t

SK E&C, a leading engineering and construction company based in Korea, recently won a project for constructing a large-scale natural gas liquefaction plant in the United States, the first such project won by a Korean construction company. SK E&C said that it successfully received an order from Magno

ChungHo Nais has developed the fourth product of its ‘Whi Caffe Series.’ The latest product, ‘Whi Caffe IV Edge,’ can make capsule coffee, along with offering hot and cold water and ice. Even ChungHo Nais model Kim Soo-Hyun has been charmed by the upgraded water purifier with coffee-making functions

China can build portable new energy into an industry with global comparative edges as a means to boost growth and reduce pollution, the head of a ­Chinese renewable energy giant said on Monday. The country’s generation of thin film solar power, a portable new energy, would be worth over 8 trillion y

China is pushing forward efforts to institute a law to regulate the country's booming e-commerce sector, the head of the country's commerce regulator said on Monday.The country’s regulatory regime fore-commerce remains insufficient, and ramped-up efforts in improving the legalaspects of the e-commer

China is confident of meeting its annual foreign trade growth target of 6 percent in 2015 despite the persisting weak growth in global demand, the country’s commerce ministry said over the weekend. The significant decline in the prices of imported goods was one of the main reasons that the country f