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

South Korea's industrial output rebounded in November from a month earlier on an improvement in the automaking and machinery sectors, government data showed Thursday.Production in the mining, manufacturing, gas and electricity industries rose 0.2 percent on-month in November, following an adjust

Samsung Electronics Co. said Wednesday the premium Ultra HD TVs to be released next year will come with improved accessibility for users with difficulties in hearing and vision.The South Korean tech giant said while its televisions already come with various features for users with such difficulties,

The number of newborns in South Korea dipped again in October, government data showed Wednesday, in the latest sign of the chronic low birth rate that has plagued the Asian country for more than a decade.About 27,900 babies were born in October, down 11.7 percent, or 3,700, from 31,600 tallied a yea

(Yonhap) -- Samsung Electronics Chairman Lee Kun-hee has seen the value of his stock assets rise by nearly 4 trillion won (US$3.7 billion) this year thanks to a rally of the tech giant on the local bourse, a market tracker said Wednesday.According to CEO Score, Lee, who has been hospitalized since M

South Korea's key industries, including the auto and shipbuilding sectors, suffered a sharp drop in exports last year, but the country logged a decent trade surplus due to a dip in oil prices, data showed Tuesday.According to the data compiled by Statistics Korea, the country's exports reach

South Korea's exports are expected to grow by 4.8 percent on-year in 2018, fueled by strong demand for semiconductors and petrochemical products, a state-run trade promotion agency said Monday.According to a report by the Korea Trade-Investment Promotion Agency (KOTRA), outbound shipments could

South Korea will earmark 1.09 trillion won (US$1 billion) to support innovation and growth among small and medium enterprises (SMEs) in the new year, the government said Monday.The fund to be set aside represents a 13.7 percent increase compared to 960.1 billion won allocated to help smaller busines

The South Korean government on Saturday confirmed an outbreak of highly pathogenic avian influenza (AI) at a local duck farm, raising the total number of contaminated farms to four throughout the country.The H5N6 bird flu was discovered on the farm with 29,000 ducks in Jeongeup, 260 kilometers south

The president of BlackBerry Mobile expressed confidence on Friday that his company can grab South Korean consumers with the BlackBerry KEYOne Black Edition, but it remains unclear whether the entry-level premium smartphone can make a dent in a country dominated by Samsung Electronics and Apple Inc.A

(Yonhap) -- South Korean stocks heavily bought by foreign investors shined on the main stock market, while such issues fared far worse on the tech-heavy secondary market, sources said Friday.The average return of the 10 most heavily purchased stocks by offshore investors stood at a whopping 66.5 per

South Korea's top court upheld Thursday a lower court's suspended sentence for a daughter of the Korean Air Lines Co. chief for ordering her flight back to a gate in New York three years ago because she was upset about the way her nuts were served on the plane.The Supreme Court's full-be

A Samsung Group affiliate will be required to sell an additional stake in the de facto holding company of South Korea's No. 1 conglomerate as a merger that took place in 2015 has effectively strengthened cross-shareholding ties within the business group, the country's corporate watchdog said

The government said Thursday it will actively tackle any unfair trade barriers that can be imposed on South Korean products by foreign countries, including filing complaints with the World Trade Organization (WTO).The move comes amid concerns the U.S. government is moving to slap anti-dumping tariff