Tuesday, February 19, 2013
Imports of luxury items such as premium brand clothes, handbags and cosmetics hit a record high US$8.6 billion (9.3 trillion won) last year despite the reeling economy.
Monday, February 18, 2013
Seoul ranks sixth in global competitiveness among major metropolises, Korean and Japanese think tanks said Friday. The Seoul Institute and the Mori Memorial Foundation held a presentation at Seoul city hall to announce the “2012 Global Power City Index (GPCI),” which ranks 40 major cities around the world in accordance to their productivity and competitiveness.
Korean Air, the nation's biggest airline, is considering a bid for a stake in Czech Airlines to strengthen its presence in Europe, company officials said Friday.
Thursday, February 14, 2013
South Korea's unemployment rate in January rose to a seven-month high as tens of thousands of college graduates flooded the job market, government data showed Wednesday.
Thursday, February 7, 2013
Lee Sang-kuk delivers meat during the day and drives drunk businessmen home at night, but even with two jobs he and millions of other South Koreans are struggling against a tide of household debt.
Tuesday, February 5, 2013
At least 1,500 financial consumers have joined a class action suit against seven major life insurance firms, a spokesman of the Korea Finance Consumer Federation said Sunday.
Monday, February 4, 2013
A surging won and waning yen are eroding the bottom lines of South Korea's export powerhouses who are feeling the pinch after years of gobbling up global market share from their Japanese rivals.
Saturday, February 2, 2013
South Korea's exports surged nearly 12 percent in January from a year ago, the sharpest pickup in almost a year, government data showed Friday.
Thursday, January 31, 2013
South Korea's current account surplus rose to a record US$43.2 billion in 2012 on growing overseas construction orders and exports that remained relatively solid despite a global slowdown.
Tuesday, January 29, 2013
The Bank of Korea said Jan. 26 that it has allowed 12 local commercial banks, beginning with Korea Exchange Bank, to extend renminbi-denominated loans to Korean traders for the first time.