South Korea's most influential corporate lobby is transforming itself into a think tank following accusations of its role in decades-long illicit ties between the country's politicians and businesses.The Federation of Korean Industries (FKI) said Friday it will regularly provide possible act
The United States' latest drive to tighten sanctions against North Korea, heaps pressure on China to consider whether to use its last-resort punitive action, namely an oil embargo, to rein in the unruly ally, experts said Friday.The U.S. House of Representatives overwhelmingly passed the legisla
A record number of South Koreans have taken part in early voting in the presidential election, attesting to high voter attention, the election management office said Friday.As of 5 p.m., about 10.34 million people, or 24.34 percent of the electorate, had cast their ballots since the two-day advance
Lotte Group is facing huge losses as its outlets in China have remained closed for about two months over Beijing's apparent retaliation against the deployment of an advanced U.S. missile defense system in South Korea, according to group officials Friday.Chinese authorities ordered Lotte to close
Chief financial policymakers of South Korea, Japan and China have vowed to fight against "all forms of protectionism" amid growing concerns of U.S. President Donald Trump's protectionist policies.Finance ministers and central bank governors of the three nations made the pledge Thursday after t
South Korea's online sales continued their upbeat mode to reach a fresh record high in March amid recovering consumer sentiment, government data showed Thursday.Total online transactions reached 6.33 trillion won (US$5.58 billion) in March, up 21.3 percent from 5.22 trillion won tallied a year e
The Korean daily media headlines and humorThursday May 4, 2017 Your Excellency: Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Yours /s/ Lee Kyung-sikPublisher-ChairmanKorea Post M
LG Electronics Inc., which posted a robust operating profit for the first quarter, especially in the home appliances business, is anticipated to focus on its premium products to maintain sound returns, industry watchers said Thursday. South Korea's No. 2 tech giant posted sales of 4.6 tr
South Korea's current account surplus narrowed in March from a year earlier due to an increased deficit in the service balance, central bank data showed Thursday.The country's current account surplus reached US$5.93 billion in March, compared with a surplus of $10.55 billion a year earlier,
Hundreds of thousands of South Koreans cast their ballots Thursday in advance voting for the presidential election set to be held next week, the election watchdog said.More than 590,000 voters have already voted as of 9 a.m., according to the National Election Commission (NEC), with many more expect
Strong sales of premium products allowed LG Electronics to beat out its main rival Samsung Electronics in the first-quarter TV market earnings race, data showed Wednesday. According to LG, its Home Entertainment (HE) division, which focuses on TVs, posted a record-high operating profit of 382.2 bill
South Korea's corporate watchdog said Wednesday that it has slapped a combined 2.2 billion won (US$1.94 million) in fines on six local department stores for abusing their power to control their subcontractors. The companies -- Shinsegae Department Store, Lotte Department Store, Hyundai Departmen
Presidential front-runner Moon Jae-in of the main opposition party maintained his strong lead over the other contenders in the latest surveys published Wednesday with less than a week before the election.Moon of the liberal Democratic Party garnered 42.4 percent, while Hong Joon-pyo of the conservat
South Korean retailers are betting on suburban outlets to secure a new profit driver as they find little room for growth in the downtown department store business, industry sources said Wednesday. Lotte Group, Hyundai Department Store, Shinsegae Co. and other retail conglomerates said
China on Tuesday warned of stern measures against the ongoing deployment of an advanced U.S. missile defense system in South Korea."China calls for an immediate stop to the THAAD deployment on the Korean Peninsula," China's foreign ministry spokesman Geng Shuang said during a regular press bri
South Korea's foreign minister held a meeting with top U.S. and Japanese envoys to Seoul on Tuesday to discuss cooperation in dealing with North Korea's growing nuclear and missile threats.Yun Byung-se hosted Acting U.S. Ambassador Marc Knapper and Japanese Ambassador Yasumasa Nagamine in hi
Prosecutors on Tuesday indicted a man who broke the news on a corruption scandal involving former President Park Geun-hye on charges of influence-peddling.Ko Young-tae, a former associate of Park's close friend Choi Soon-sil, is accused of receiving some 22 million won (US$19,500) from an offici
Ambassador Hany Selim Labib of Egypt and other ambassadors and senior diplomats of a total of 11 different countries visited the Yeongam County of Jeollanam-do Province with their spouses on April 6-7, 2017, and attended the 2017 Wangin Culture Festival subtitled, “Dr. Wangin Goes to Japan.” (See li
U.S. President Donald Trump said Monday he would be "honored" to meet with North Korean leader Kim Jong-un if such a meeting takes place "under the right circumstances," the first time Trump has expressed his willingness to meet with Kim since taking office."If it would be appropriate for me to
The Korean daily media headlines and humorTuesday May 2, 2017 Your Excellency: Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Yours /s/ Lee Kyung-sikPublisher-ChairmanKorea Post Me