Bae Min-ji's ordinary day begins by boiling tap water to drink. The 29-year-old takes a shower using just a single bar of soap and brushes her teeth with a powdered toothpaste.With a tumbler, small cloth bags, a spoon and chopsticks, she is ready to leave the house and live another plastic-free
South Korea saw more jobless people seek financial assistance from the state pension fund in the first quarter of this year amid the country's worsening unemployment situation, data showed Thursday.According to the data from the National Pension Service (NPS), 129,000 unemployed people applied f
Samsung Electronics Vice Chairman Lee Jae-yong, the de facto chief of South Korea's largest conglomerate, is currently visiting the Shenzhen Special Economic Zone in China, industry sources said Wednesday.Sources said key Samsung officials from the semiconductor and display divisions are accompa
Two major business groups have been newly added to the antitrust watch list as large business groups whose mutual investments and loan guarantees are restricted, the corporate watchdog said Tuesday.Every year the Fair Trade Commission (FTC) announces a newly updated list of large business groups wit
Kim Jee-wan, CEO of Foxtron Corp., a leading hair product firm, has said he is proud of the high quality of his hair products. He also said that he is exploring ASEAN and Middle East markets.In a recent interview with The Korea Post, he said: “If we only count on product strengths such as ingredient
“We have managed to operate our company in challenging business environments for 20 years. This is the reason that we have received a lot of ‘first-time’ titles from the government and logistic industry sector,” said Lee Sang-keun, President and CEO of Samyoung Logistics, a third-party logistics com
Samsung Electronics Co. is anticipated to penetrate deeper into the market for super-large displays, industry watchers said Monday, in line with the market trend for using TVs as hubs for artificial intelligence services in the home.The South Korean tech giant recently showcased new home cinema solu
Cho Hyun-ah, the former vice president of Korean Air Lines Co. known for the infamous "nut rage" incident, is facing a divorce suit after eight years of marriage, court sources said Monday.Her husband has filed a divorce suit with a Seoul family court, according to the sources. He has also asked t
While the historic summit between leaders of the two Koreas Friday made dramatic progress towards "complete" denuclearization, it deserves further attention for its highlighting the need for balanced development and mutual prosperity on the Korean Peninsula.By clarifying the need for both Koreas t
About a dozen South Korean businessmen who had operated factories in North Korea erupted in cheers on Friday as they watched a live broadcast of a historic handshake between the leaders of the two rival Koreas ahead of their summit.The emotional reaction underscored expectations among the businessme
Samsung Heavy Industries Co., a major South Korean shipyard, said Friday that it swung to a net loss in the first quarter from a year earlier due to dwindling sales and fixed costs.Samsung Heavy said in a regulatory filing that it posted a net loss of 59.5 billion won (US$55 million) in the three mo
The leaders of South and North Korea agreed Friday to establish a peace and cooperation zone on their disputed western sea border, a move that could prevent future clashes.The disputed sea demarcation line, which Seoul has enforced, has been the scene of two deadly naval clashes between the two Kore
The historic inter-Korean summit is raising hopes for cooperation on social overhead capital (SOC) projects as the leaders of South and North Korea agreed on Friday to link cross-border roads and railways.In the joint statement released by South Korean President Moon Jae-in and North Korean leader K
The profit gap between majors and minors in the semiconductor industry is as wide as eight-fold, analysis by a corporate tracker showed Wednesday, an imbalance veiled by big successes of industry leaders, such as SK hynix and Samsung Electronics.According to CEO Score, total sales by 173 semiconduct
South Korean firms that operated in the defunct inter-Korean factory park in the North welcomed Pyongyang's decision on Saturday to suspend nuclear and missile tests and shut down its atomic test site."We openly welcome the North's decision to dismantle its nuclear test site," said Shin Ha
Customs officials raided the headquarters of Korean Air Lines Co. and the residence of the chairman and his three children on Saturday to look into allegations that the owning family didn't pay duties on luxury goods brought into the country.Investigators from the Korea Customs Service stormed i
The head of South Korea's antitrust regulator said Friday that Hyundai Motor Group has taken a step in the right direction, citing its latest plan to streamline its complicated governance structure through business spinoffs and mergers.In a meeting with foreign correspondents in Seoul, Korea Fai
South Korea's corporate watchdog chief plans to meet heads of the country's top 10 conglomerates, such as Samsung and Hyundai Motor, next month to hear their efforts to improve murky governance structures, sources said Friday.According to the sources, Kim Sang-jo, chairman of the Fair Trade
The board of GM Korea Co., the South Korean unit of General Motors Co., will decide whether to file for court protection next week while it makes a last ditch effort to reach an agreement with its union on restructuring measures, the carmaker said Friday.GM Korea's board of directors was widely
The head of a South Korean traders association met with deputy U.S. trade representative Jeffrey Gerrish and conveyed industrywide concerns over steel import restrictions, the organization said Tuesday.Kim Young-ju, CEO of Korea International Trade Association (KITA), said the South Korean steel ind