South Korea's state pension operator is expected to post a dividend income of nearly 2 trillion won (US$1.84 billion) this year on strong earnings by tech and financial firms, a market tracker said Wednesday.According to FnGuide, the National Pension Service (NPS) is estimated to receive 1.96 tr
More than 200 big South Korean companies have invested in 10 other firms or funds on average as part of their efforts to secure technology and expand their businesses, a market tracker said Wednesday.The data compiled by CEO Score, a website that tracks conglomerates and financial firms, showed that
If Korean "manhwa," or comic books, and cartoons are your thing, Bucheon, about 25 kilometers west of Seoul, should be considered a must-visit city in South Korea that has a museum on the art.Located in the city's Giljuro road, the Korea Manhwa Museum is a multicultural venue dedicated to manh
The amount of uncollected premiums for South Korea's state health insurance hit a record high in 2017 due to increased business failures amid a slowing economy, the insurance operator said Monday.According to the National Health Insurance Service, its lost premiums stood at a fresh high of 188 b
South Korea's spy agency suspects North Korea might be involved in recent hacking incidents related to cryptocurrency, according to sources on Saturday.The National Intelligence Service (NIS) is said to have secured evidence that the North was involved in stealing the personal information of som
South Korea's corporate watchdog is looking into whether Mirae Asset Group, a major financial service provider, is violating regulations over inside transactions among its affiliates, industry sources said Friday.The current law forbids inter-affiliate trading within a business group where the c
South Korea's top 100 firms by market capitalization saw their surplus cash tumble nearly 35 percent this year from a year earlier due largely to increased investment, a market tracker said Wednesday.The leading listed companies had a combined surplus cash flow of 34.1 trillion won (US$31.2 bill
The 2018 PyeongChang Winter Olympics are hoped to expedite South Korea's economic cooperation with other countries, especially with Eurasian nations with which the country is seeking a free trade agreement (FTA), trade-related officials said Thursday.The PyeongChang Games, opening in February, w
Key business indices for renewable energy, including investment and domestic demand, have backtracked over the past few years, data showed Monday, a challenge to the government policy to pursue non-nuclear power sources.The data provided in a 2016 survey by the New Renewable Energy Center of the Kor
South Korea's jobless rate dropped to the lowest level in 10 months in October, but the rate of the fall slowed down, government data showed Wednesday.The unemployment rate stood at 3.2 percent last, down 0.2 percentage point from the same month last year, according to the report compiled by Sta
South Korea's main stock market has been the third-best performer among bourses in major advanced and emerging countries this year despite its recent drop, data showed Thursday.The benchmark Korea Composite Stock Price Index (KOSPI) fell for the second session to close at 2,545.44 on Tuesday on
U.S. tech giant Apple Inc. started sales of the new iPhone 8 smartphones in South Korea on Friday, with the devices receiving a relatively tepid response from local users, industry watchers said.According to sources, the preorders for the iPhone 8 smartphones were only 60-70 percent of the iPhone 7
Samsung Electronics Co. stood as the world's top smartphone producer in the third quarter in terms of shipments, data showed Friday, helped by rising sales of budget models.Industry tracker Strategy Analytics said the South Korean tech giant sold 83.4 million units of smartphones in the July-Sep
The head of Kakao Bank, South Korea's second Internet-only bank, expressed concern Friday that restrictions on ownership of a financial firm by a non-financial company could undermine innovation in the country's banking sector."The pace of innovation could slow down unless the restrictions
South Korea's exports jumped 7.1 percent in October from a year earlier on the back of strong demand for semiconductors, ships and petrochemical products, government data showed Wednesday.Outbound shipments came to US$45 billion for October, up from $41.9 billion tallied a year earlier, accordin
Asia's current successes in economic growth, capital strength, foreign exchange reserves, young and dynamic labor force, as well as China's rise have elevated the position of the region. As a forum gathering dynamic economies in Asia-Pacific and playing an important role in promoting trade a
South Korea's economic growth hit a seven-year record high in the third quarter due to increased construction investment and exports, central bank data showed Thursday.In the July-September period, the country's gross domestic product (GDP) increased 1.4 percent from the previous quarter, fa
South Korea will hold a public hearing next month on the renegotiation of a free trade pact with the United States, Seoul's trade ministry said Wednesday, as the two countries move to reset the terms at Washington's call.The hearing on the Korea-U.S. free trade agreement (FTA), slated for No
Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO), a sole state-run currency manufacturer of Korea, has made significant progress in its pursuit of overseas markets. On September 11, 2017, the company announced that it has won a noteworthy contract to manufacture 370 million coins
President Moon Jae-in vowed to enhance the safety of nuclear reactors Sunday, accepting the recent recommendation by a public debate commission to resume the construction of two new nuclear reactors that he earlier promised to scrap."The government will quickly resume the construction of the Shin K