South Korea's agricultural ministry on Thursday announced a 48-hour lockdown on all pig farms in a town north of Seoul, where the country's 14th African swine fever (ASF) case was confirmed a day earlier.The movement ban on all pig farms in Yeoncheon, north of Seoul, went into effect earlier

South Korea's ranking in global competitiveness rose by two notches this year due to macroeconomic stability and a high level of information technology, a report showed Wednesday.Asia's fourth-largest economy ranked 13th out of 141 countries surveyed in the World Economic Forum (WEF) competi

South Korea and Colombia agreed on Tuesday to expand economic ties by better utilizing their bilateral free-trade agreement (FTA).Since the implementation of their FTA in 2016, the bilateral trade volume has been sharply gaining ground, with South Korea's exports to Colombia moving up 13.1 perce

South Korea's current account remained in the black for the fourth consecutive month in August, but its surplus narrowed sharply from a year earlier amid a steady decline in exports, central bank data showed Tuesday.The country's current account surplus came to US$5.27 billion in the month,

South Korea confirmed two more cases of the African swine fever (ASF) outbreak Thursday to raise the total number of cases to 13 in less than three weeks, with quarantine officials bracing for a further spread of the deadly animal virus amid Typhoon Mitag.The latest case was reported from Gimpo, nor

South Korea on Wednesday confirmed the 10th case of African swine fever (ASF), sparking concerns of a massive spread of the fatal animal disease from the country's northern areas.It marked the first confirmed case since Friday.The latest case came from a farm in Paju, north Gyeonggi Province, bo

South Korea on Friday confirmed its ninth African swine fever (ASF) case, sparking concerns over a massive spread of the deadly animal virus near the inter-Korean border.The latest case was reported on Gangwha Island, part of the city of Incheon, 60 kilometers west of Seoul, according to the Ministr

South Korea on Sept. 25, 2019 confirmed yet another case of African swine fever (ASF), increasing the number of outbreaks of the deadly animal disease to six after the country reported its first outbreak last week.Two suspected cases were reported at farms on Ganghwa Island in Incheon, around 60 kil

SK Engineering & Construction Co., a South Korean construction company, said on Sept. 25, 2019 it will set up a joint venture with U.S.-based Bloom Energy for the production of solid oxide fuel cell (SOFC).The 49:51 joint company, to be set up in November, will provide Korean-made fuel cells to loca

Seoul stocks edged up Monday, extending their winning streak to a 12th consecutive day, with investors cautiously pinning hopes on the upcoming U.S.-China trade talks next month. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.18 points, or

Hyundai Motor Group said Monday it will set up a US$4 billion joint venture (JV) with Ireland-based autonomous vehicle startup Aptiv next year to develop a self-driving platform.Faced with the spread of protectionism and tougher competition with rivals, the South Korean carmaker has been aggressive

Samsung Electronics Co.'s share price rallied this month on hopes for a recovery in the memory chip market and earnings in upcoming quarters.Shares of Samsung Electronics, the top market cap on South Korea's stock market, closed at 49,150 won (US$41.2) on Thursday, up 3.04 percent from the p

South Korea's agricultural ministry said Monday another suspected case of African swine fever (ASF) was reported after the country confirmed two cases of the deadly animal disease last week. The suspected case was reported from a farm in Gimpo, located roughly 30 kilometers west of Seoul

South Korea on Wednesday unveiled a set of measures to tackle demographic challenges in areas ranging from the military to schools as Asia's fourth-largest economy faces a rapidly aging population resulting from its chronically low birthrate.Last year, South Korea's total fertility rate -- t

Samsung Electronics Co. said Tuesday it has sold over 1 million Galaxy Note 10s in South Korea, making it the fastest Samsung smartphone to reach the milestone.Sales of the Note 10, released only in 5G model in the domestic market on Aug. 23, surpassed the milestone 25 days after its launch on Monda

South Korea reported its second confirmed case of African swine fever Wednesday at a farm near the heavily fortified border with North Korea, raising concerns over the spread of the deadly animal disease across the country.The new case at a pig farm in Yeoncheon was confirmed a day after a suspected

South Korea's largest over-the-top (OTT) service will officially become available later this week as it bids to take on global media giants such as Netflix, Inc., a joint venture providing the service said Monday.The new platform, dubbed "Wavve," will go online on Wednesday, with an aim of acc

South Korean refiners said Monday they are closely monitoring potential fallout from drone strikes on Saudi Arabia's crude processing facilities at the weekend that have rattled the global oil industry.Saudi Arabia shut down about half of its oil production Saturday following a series of drone a

SK Innovation Co. of South Korea has been picked to supply a battery pack for Ferrari's first plug-in hybrid electric vehicle (PHEV), industry sources said Sunday.After two years of tests of various products, the Italian luxury sports carmaker has chosen SK Innovation as the supplier of the lith

South Korea is moving to strip Japan from its list of trusted trading partners as early as this week, but it is still open to having last-minute negotiations with Tokyo, the trade ministry said Sunday.Seoul's trade ministry has completed nearly all procedures for the removal of Japan from its li