Hit by the global financial crisis, the South Korean economy has already posted a negative growth rate in the fourth quarter of this year. With employment predicted to contract temporarily and a .. [Dec.13,2008 11:17 KST]

After the government announced it would ease restrictions on construction in the Seoul metropolitan region in late October, the number of... [Dec.9,2008 13:46 KST]

Small- and medium-sized companies and self-employed people alike are lining up to file for bankruptcy or announce the closure of their... [Dec.8,2008 13:32 KST]

The government, which expects the global financial crisis to add to the difficulties in the real economy, has decided to help major industries and companies in trouble. After reporting on gove.. [Dec.6,2008 12:25 KST]

It has been confirmed that Samsung Group has been asking the government and the ruling Grand National Party to make changes to a proposed law... [Dec.3,2008 15:00 KST]

Korea Delphi Automotive Systems Corp., which supplies engines and transmissions to GM Daewoo Auto & Technology Co., plans to shut down its... [Nov.27,2008 12:40 KST]

As the South Korean currency continued to slump below 1,400 won versus the U.S. dollar, borrowing costs for local financial companies have... [Nov.24,2008 13:28 KST]

With foreign investment banks predicting the South Korean economy will contract next year, President Lee Myung-bak and his aides have taken an optimistic view on the economy. Although this is see.. [Nov.22,2008 14:21 KST]

Strategy and Finance Minister Kang Man-soo told a subcommittee of the National Assembly that economic growth “is expected to slow as time goes by, given the circumstances. There is a possibility tha.. [Nov.22,2008 13:41 KST]

The Korea Federation of Banks met with some 300 construction industry officials on November 18 to promote a liquidity support program provided... [Nov.19,2008 14:27 KST]