South Korea's bourse operator is set to decide this week on whether to allow the resumption of trading of Daewoo Shipbuilding & Marine Engineering Co. on the local stock market, industry sources said Sunday.The trading of Daewoo Shipbuilding stocks have been halted since July last year, due to i

Retail oil prices in South Korea rose for 12 weeks in a row this week in line with a hike in global crude oil prices, data showed Saturday.The average gasoline price nationwide was at 1,505.3 won (US$1.33) per liter in the third week of October, edging up 2.2 won from a week earlier, marking a 12-we

South Korea finished second in a global competition showcasing vocational training in Abu Dhabi following China, the labor ministry said Friday.South Korean competitors claimed eight gold, eight silver and eight bronze medals in the WorldSkills event in Abu Dhabi that came to a close on the previous

Profits from land assets have gone to just a handful of companies and owners, official data showed Friday.According to records provided by the Bank of Korea for the ongoing parliamentary audits, the value of private and corporate-held land came to 5,092.4 trillion won (US$4.49 trillion) as of end of

South Korea is set to resume work on two nuclear reactors on the southeastern coast after a three-month hiatus, as a state commission gave the green light to complete construction Friday and which is expected to affect the government's nuclear phase-out plan.The construction of the Shin Kori-5 a

The market for locally grown foods is growing fast, giving benefits to both consumers and farmers by lowering distribution costs, retailers said Friday.E-mart, a leading supermarket chain, said its sales of local foods last year recorded 51.6 billion won (US$45.54 million), up from 300 million won i

South Korea's corporate watchdog chief said Thursday that his organization is keeping a close eye on the German auto cartel issue in Europe, and will soon conclude whether German automakers have also violated anti-trust laws here.Kim Sang-jo, who leads the Fair Trade Commission (FTC), said durin

A Seoul court on Thursday dismissed a local company's lawsuit against Samsung Group's merger of two units in 2005 allegedly aimed at cementing heir Lee Jae-yong's control of the conglomerate despite expected losses to shareholders.Lee was indicted for bribing then-President Park Geun-hye

Samsung Electronics Co. on Thursday showcased the 360 Round, a virtual reality (VR) camera equipped with 17 lenses.The South Korean tech giant said the camera is optimized for livestreaming high-definition 3-D content, and also suitable for outdoor purposes as it is IP68 certified for resistance to

Samsung Electronics Co. on Thursday introduced the Bixby 2.0, an updated version of its voice assistant program Bixby, which can be applied beyond smartphones to other home appliances.The previous Bixby 1.0 focuses on comprehending users' environment and context on smartphones. Bixby 2.0 will be

A South Korean airport operator has cut the rent for a duty-free store at an airport in the country's resort island of Jeju amid a sharp drop in the number of Chinese tourists following a diplomatic row between Seoul and Beijing over a U.S. anti-missile system here, industry sources said Wednesd

Hyundai Mobis Co., South Korea's largest auto parts maker by sales, has developed an air bag system for a sun roof for the first time in the automobile industry, the company said Wednesday."In the past two and a half years, the company has developed the air bag system mainly for panoramic sun r

A group of South Korean officials and senior executives of local washing machine manufacturers departed for Washington D.C. on Wednesday to attend a hearing on the need for safeguards to protect U.S. companies.The U.S. International Trade Commission (ITC) hearing will be held in the U.S. capital Thu

The World Steel Organization has named South Korean steelmaker POSCO's CEO Kwon Oh-joon as its vice chairman amid several pending issues in the industry as a whole, the company said Wednesday.Under the three-year term ending in October 2020, Kwon will serve as vice chairman of the global steel b

Global rating agency Moody's Investors Service on Wednesday reaffirmed its record-high Aa2 rating for South Korea, with its rating outlook also remaining stable, despite rising tensions over North Korean issues."Korea's credit profile is supported by the country's very high economic str

LG Chem Ltd., South Korea's No. 1 chemical company, is expected to deliver market forecast-beating earnings for the third quarter of the year, driven by firm demand for its key products and a recovery in its EV battery business, industry data showed Wednesday.LG Chem, set to report its third-qua

Prosecutors on Wednesday raided McDonald's Korea's headquarters and three partner companies as part of a probe into allegations that it undercooked burger patties, causing some consumers to get sick.Investigators searched the main office of McDonald's Korea in central Seoul and its patty

Britain on Wednesday launched an automotive campaign in South Korea in a move to seek business opportunities with local companies in "next-generation" vehicle technologies, the British Embassy said.The Automotive is GREAT campaign is aimed at promoting Britain's advanced technologies in less-e

South Korea's exports of automobiles jumped nearly 60 percent last month from a year earlier on recovering demand from Europe and North America, government data showed Wednesday.The total value of vehicles shipped overseas reached US$3.82 billion in September, up 57.6 percent from a year earlier

The South Korean government said Tuesday it will join a cruise association this week to attract more tourists from Southeast Asian countries.The Ministry of Oceans and Fisheries said it will sign an agreement to join the Asia Cruise Cooperation (ACC) at Busan Port International Passenger Terminal in