South Korean tech giant Samsung Electronics Co. said Tuesday its fourth-quarter operating profit is expected to jump 63.8 percent on-year and is poised to set another record, apparently pushed up by the global boom in the chip industry.Operating profit was estimated at 15.1 trillion won (US$14.1 bil
South Korea's increase of the minimum wage will boost private spending, which in turn can help Asia's fourth-largest economy break from its low growth trend, a senior government official said Friday.In July last year, the country decided to raise its minimum wage by 16 percent to 7,530 won (
Celltrion Inc., a South Korean pharmaceutical firm currently listed on the tech-heavy KOSDAQ market but that aims to jump to the main bourse in the near future, saw its market capitalization reach closer to that of Hyundai Motor Co. this week, data showed Saturday.On Friday, Celltrion closed at 266,
Samsung Electronics Co. said Friday its executives recently purchased company shares, which is seen as a gesture to express their devotion and responsibility as the leaders of the South Korean tech giant. Samsung President Kim Hyun-suk and President Koh Dong-jin, who head the consumer electr
Samsung Electronics Co. said Friday it released the mid-end Galaxy A8 smartphones in South Korea, which will gradually expand to other countries down the road, in a bid to diversify its handset portfolio.The South Korean tech giant said the 5.6-inch Galaxy A8 is available through the country's t
In an interview with The Korea Post, Guatemala Ambassador to Korea Herbert Estuardo Meneses Coronado expressed appreciation for Korean enterprises including Jinmyung Communications for their support of Guatemala’s conversion to digital TV broadcasting. He expressed the hope that Guatemala and Korea
The Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) will export a large quantity of IC chips for use in national identity (NID) cards to Iran after years of consistent marketing and technological innovation.KOMSCO signed a contract with an Iranian electronic passport and electron
The cost of dining out rose higher than the inflation rate last year, especially for foods and beverages that ordinary citizens usually enjoy, according to Statistics Korea on Thursday.The cost of eating out increased 2.4 percent in 2017 from the previous year, 0.5 percentage point higher than the i
Apple Inc. has started its battery replacement program in South Korea, officials said Wednesday, as the U.S. tech giant faces a potential lawsuit over the allegation that it intentionally slowed down older iPhones.Under the program, which began Tuesday, Apple said users of the iPhone 6 and its succe
A chicken farm in Gyeonggi Province reported a suspected case of avian influenza (AI) on Wednesday, prompting quarantine officials to impose a temporary ban on poultry transportation in the region.The farm with 197,000 laying chickens in Pocheon, 45 kilometers north of Seoul, reported that about 30
Toyota Motor Corp. on Tuesday named a sales and marketing expert as chief of its South Korean operations in a move to drive up sales further.Nobuyuki Takemura, Toyota's marketing general manager of the Middle East and North Africa division, took the helm at Toyota Motor as president and CEO on T
South Korea's air passenger traffic rose in November on strong demand for outbound trips, government data showed Monday.A total of 9.07 million passengers used international and domestic flights in November, up 9 percent from a year ago, the Ministry of Land, Infrastructure and Transportation sa
South Korea has seized and inspected a Panama-flagged ship suspected of selling oil to North Korea at sea in violation of U.N. sanctions, maritime authorities said.The 5,100-ton KOTI is being held in the western port of Pyeongtaek-Dangjin, Gyeonggi Province. Security and customs officials held a mee
South Korean energy and telecom conglomerate SK Group sold the most debt among major business groups this year amid low market rates, industry data showed Saturday.According to the data compiled by Infomax, the financial news and information arm of Yonhap News Agency, SK Corp. and other affiliates o
South Korea's consumer prices growth accelerated in December on a rise in prices of industrial goods and financial services, government data showed Friday.The country's consumer price index climbed 1.5 percent this month from a year earlier, compared with the previous month's 1.3 percent
South Korea unveiled a series of measures Thursday aimed at promoting "fair" transactions between large firms and smaller business partners, the centerpiece of which is preventing "exclusive" contracts.Under the measures, the Fair Trade Commission (FTC), the country's corporate watchdog, sai
Officials at South Korea's corporate watchdog will be required to report their contacts or interactions with former colleagues or other businesspeople starting next year, a move aimed at boosting the transparency and trustworthiness of its policies, the Fair Trade Commission (FTC) said Thursday.
(Yonhap) -- More than 36 percent of newlywed couples had no children last year, reflecting the country's chronically low birthrate and late marriage trend, government data showed Thursday.According to the data compiled by Statistics Korea, 1.44 million couples got married in the five years up to
Loan guarantees among affiliates of South Korea's large business groups sank in 2017 from a year earlier, the country's corporate watchdog said Thursday.The total corporate debt payment guarantees made among units of 31 conglomerates reached 257 billion won (US$239 million) as of May 1, down