SEOUL, Jan. 6 (Yonhap) -- South Korea's science ministry said Friday it will nurture key strategic industries through helping aspiring entrepreneurs and scientists cope with the fast-paced industrial transformation, dubbed the "fourth industrial revolution."In a policy plan briefing to Prime M
(ATTN: ADDS analysts' consensus, details in last 4 paras; RECASTS lead para)SEOUL, Jan. 6 (Yonhap) -- Samsung Electronics Co. predicted Friday that its fourth-quarter operating profit last year may have jumped about 50 percent on-year, beating market expectations as strong sales of chips and dis
SEOUL, Jan. 6 (Yonhap) -- South Korea will showcase a wide range of advanced technologies and products at the Consumer Electronics Show (CES) in Las Vegas, providing their Korean developers a chance to introduce their products to the rest of the world, a trade agency said Friday.The state-run Korea
By Kim BoramSEJONG, Jan. 6 (Yonhap) -- The South Korean government is working on plans to deal with China's recent hostile actions against the Korean Wave and businesses in apparent retaliation for welcoming a U.S.-owned missile system, the finance minister said Friday."We see that such securit
SEOUL, Jan. 5 (Yonhap) – Foreign residents in the country should file year-end tax settlements in the coming few months, the National Tax Service said Thursday.Foreigners are required to settle year-end taxes between Jan. 15 and the end of February to receive income deductions and tax credits
SEJONG, Jan. 5 (Yonhap) -- The South Korean economy's recovery momentum remained lukewarm in recent months as a protracted slump in private spending offset a rise in production and exports, a state-run think tank said Thursday."The Korean economy exhibited partial improvement in investment and
(ATTN: UPDATES with prosecution's reaction in paras 6-7)INCHEON, Jan. 5 (Yonhap) --A 54-year-old employee at GM Korea Co. was found dead in an apparent suicide Thursday, police said, amid an ongoing investigation by state prosecutors into allegations that some company executives and members of i
SEOUL, Jan. 5 (Yonhap) --South Korea's financial authorities said Thursday that they will place top priority on reining in household debt this year through a "structural shift" in the borrowing practice.In a report to Acting President Hwang Kyo-ahn on its policy direction, the Financial Servic
By Kim BoramSEJONG, Jan. 5 (Yonhap) -- South Korea will post a total of US$510 billion in exports for 2017 through reorganizing its industrial portfolio and focusing on higher-added-value consumer goods and services, the government said Thursday.In its annual policy plan submitted to Acting Presiden
SEOUL, Jan. 5 (Yonhap) -- South Korea plans to become one of the world's first countries to put autonomous cars to actual use this year, introducing its first self-driving bus, a government report showed Thursday.According to the report from the Ministry of Land, Infrastructure and Transport, th
SEOUL, Jan. 4 (Yonhap) -- Demand for fresh loans from major local lenders in South Korea is likely to shrink in the first quarter as the government strives to curb a surge in household debt, official data showed Wednesday.The overall index measuring demand for bank loans came to 11 for the January-M
SEOUL, Jan. 4 (Yonhap) -- South Korea's No. 2 automaker Kia Motors Corp. unveiled its All New Morning minicar Wednesday ahead of its official launch later this month.The company also began taking pre-orders for the third-generation model, which also marks the first revamp of the car in six years
The Fair Trade Commission has imposed a penalty of 500 million won to Pizza Hut Korea for charging "admin fees" to its franchisees without specifying the fee item in the contract. This was reported by Korean language Hankuk kyeongje this morning. According to the competition watchdog on January 3,
SEOUL, Jan. 4 (Yonhap) -- The growth of mortgage loans in South Korea markedly slowed last month amid indications of interest rate hikes and a downturn in the real estate market, data showed Wednesday.Outstanding home-backed loans extended by six major banks here - KB Koomin, Shinhan, Woori, KEB Han
SEOUL, Jan. 4 (Yonhap) -- South Korea's largest automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. may have finished on top of best-selling car brands list in Chile last year, ahead of their international rivals, including General Motors and Japan's Toyota, data showed We
SEOUL, Jan. 4 (Yonhap) -- South Korea posted a current account surplus for the 57th straight month in November due to increased outbound shipments, central bank data showed Wednesday.The current account surplus reached US$8.99 billion in November, compared with a $8.72 billion surplus a month earlie
SEOUL, Jan. 4 (Yonhap) -- South Korea's foreign exchange reserves fell slightly in December from a month earlier due to a decrease in the dollar-converted value of non-dollar currencies, central bank data showed Wednesday.As of the end of December, the country's foreign exchange reserves cam
By Kim Kwang-taeSEOUL, Jan. 3 (Yonhap) -- The South Korean government has finalized a plan to temporarily lift import tariffs on egg products to cope with skyrocketing egg prices at home, but corporate egg consumers remain cautious about imports due to various hurdles stemming from excessive logisti
(ATTN: UPDATES with additional details in last 4 paras)SEOUL, Jan. 3 (Yonhap) -- Hyundai Merchant Marine Co., a major South Korean shipping line, said Tuesday that it has agreed to forge an alliance with two local rivals, a move apparently aimed at overcoming the downturn swarming the entire industr
(ATTN: AMENDS para 7 to show that Samsung Electronics closed at an all-time high; ADDS bond yields at bottom)SEOUL, Jan. 3 (Yonhap) -- South Korean stocks rose Tuesday as Samsung Electronics continued to advance on expectations of better earnings, supported by foreign investors buying shares. The Ko