CJ Logistics Corp. said Sunday it has signed a partnership deal with FESCO, a Russian transportation and logistics firm.The preliminary deal is expected to allow the logistics arm of South Korea's food and entertainment conglomerate CJ Group to do business using Russia's Trans-Siberian Railw
South Korea and the United States made some progress in the third round of negotiations to amend their free trade agreement (FTA) on key issues, and will continue to talk about Washington's proposed steel tariff, Seoul's trade ministry said Saturday.Yoo Myung-hee, a South Korean deputy minis
South Korea is expected to see its exports to the United States decrease this year due to protectionist measures by the world's largest economy, the country's central bank chief said Friday."U.S. trade protectionist measures will drag down South Korea's overall exports by 0.3 percent,"
South Korea's memory chip makers are expected to post substantial operating profits in the first quarter of this year despite the strong South Korean currency, helped by robust demand for dynamic random access memory (DRAM) chips for server products, industry sources said Sunday.SK hynix will li
A rising trend of cost-emotiveness, or satisfaction to value for money paid, is fueling online sales of small consumer electronic goods in South Korea, a report by a local shopping mall said Sunday.According to Emart Mall, sales of electronic appliances from Jan. 1 through March 4 surged 50 percent
South Korea and the United Arab Emirates (UAE) will closely cooperate in energy, infrastructure, the fourth industrial revolution, and the medical sector, the finance ministry here said Friday.The agreement came in the sixth round of economic cooperation meetings between South Korea's Finance Mi
Bank of Korea (BOK) Gov. Lee Ju-yeol, a veteran monetary policy expert with a career spanning 41 years at the central bank, is widely seen as an advocate of the bank's independence who has promoted better communication with the market.The reappointment of Lee, 66, comes at a critical time for th
Local investors are borrowing a large amount in loans to buy local stocks as the country's bourse has maintained a generally upward trajectory, despite a slump in the pace of growth, market data showed Saturday.The amount of money borrowed to buy stocks, the so-called margin debt, reached 11.24
By Choe Nam-suk, vice chairman of The Korea Post mediaThe following details are based on an interview with Chairman Vasudev Tumbe of the Indian Chamber of Commerce in Korea conducted recently by The Korea Post media.—Ed.Question: First of all, please introduce the activities of the Chamber, in
Purchasing a home may be the largest-ever financial transaction for many ordinary citizens, such as Han Jung-min, a 40-something office worker who dreams of settling down in the posh district of Gangnam in southern Seoul.The problem facing such first-time homebuyers always boils down to timing -- is
South Korea will forge closer economic ties with India by lowering trade barriers and pushing for joint projects in manufacturing and advanced technology sectors, Seoul's trade ministry said Wednesday.South Korean commerce minister Paik Un-gyu visited India on Tuesday and held a series of meetin
LG Electronics Inc. said Tuesday it will focus on audio, batteries, cameras and displays, referred to by the acronym ABCDs in South Korea, to beef up its smartphone division, which has been suffering losses for nearly three years.During the meeting with reporters at the Mobile World Congress (MWC),
The balance of government and government-backed bonds reached a record amount of 953.24 trillion won (US$888.8 billion) last year, although the pace of the debt increase slowed, data from the Korea Financial Investment Association (KOFIA) showed Tuesday.The government bonds balance, or the total iss
South Korea's point man on trade will travel to the United States to find ways to handle demands for a more "balanced flow of goods" amid ongoing talks to renegotiate the allies' bilateral free trade pact, sources in Seoul said Saturday.Kim Hyun-chong will fly to Washington on Sunday as pa
South Korea grabbed the attention of global viewers of this year's Winter Games by showing off a series of cutting-edge technologies, including 5G communication, artificial intelligence and autonomous vehicles. KT Corp., one of the country's largest telecom service providers, stole the spotl
South Korean small and medium-sized companies have a harder time borrowing from lenders than companies in other Organization for Economic Cooperation and Development (OECD) economies, official data showed Saturday.According to the Paris-based economic organization and the National Assembly Budget Of
The top 10 family-run business conglomerates, or chaebol, have seen their combined market capitalization slightly fall so far this year, data showed Monday.The decline was mainly due to sluggish performance by the stocks of Samsung Electronics Co. and Hyundai Motor Co., according to the data by the
Sales of local cryptocurrency exchange operators are presumed to have soared more than eightyfold in 2017 compared with a year earlier, data showed Sunday.According to the data released by Rep. Park Kwang-on of the ruling Democratic Party, accumulated commission-related sales of some 30 cryptocurren
Lee Hak-soo, a former Samsung Electronics vice chairman, has admitted that the conglomerate paid lawsuit costs for a company linked to former President Lee Myung-bak, prosecution sources said Saturday.Lee Hak-soo was questioned for 16 hours Thursday by prosecutors who are looking into a raft of corr
South Korea's farm minister said Friday that the country will maintain the highest level of bird flu quarantine regime during the PyeongChang Winter Games.In a teleconference with government officials, Minister of Agriculture, Food and Rural Affairs Kim Yong-rok said that the government needs to