Hyundai Motor Co., South Korea's top automaker, said on Friday the environment for its business is "increasingly deteriorating" due to the strength of the won, high-flying oil prices and sluggish.. [Aug.24,2007 10:23 KST]

South Korean tax authorities searched Lone Star Funds' Seoul office this week without prior notice as part of an ongoing investigation into the U.S. equity fund's sale of shares in local companies, t.. [Aug.23,2007 17:55 KST]

Under the government’s new tax law revision, announced on August 22, South Korea’s ordinary workers and self-employed people will be able to see the tax burden reduced by 130,000 won to 150,000 won (U.. [Aug.23,2007 11:32 KST]

South Korea has set up a 200-billion-won (US$212 million) "carbon fund" aimed at financing commercial greenhouse reduction programs, the government said Thursday. The Ministry of Commerce, Ind.. [Aug.23,2007 11:07 KST]

Hoping to lure younger buyers, GM Daewoo Auto & Technology Co. on Thursday said it will begin selling the Saturn Sky roadster, manufactured by Saturn Corp., a sister company of the U.S. auto giant.. [Aug.23,2007 10:18 KST]

Unionized autoworkers at Hyundai Motor Co. issued an ultimatum Wednesday that they may call a strike unless the company makes an "acceptable" offer over higher wages and better working conditio.. [Aug.22,2007 10:08 KST]

South Korea's Transportation Ministry Tuesday ordered Hyundai Motor Co. to recall 6,286 Veracruz sport utility vehicles on the South Korean market because of a problem with the vehicle's engine p.. [Aug.21,2007 14:37 KST]

The South Korean government will decide this week whether to resume allowing imports of American beef, halted last month when it discovered a prohibited spinal column in American beef during a quara.. [Aug.21,2007 14:21 KST]

Global banking giant HSBC said that it is talking with U.S. investment firm Lone Star Funds to take over a majority stake in Korea Exchange Bank (KEB), potentially providing it with its long-awaited c.. [Aug.21,2007 10:08 KST]

Yuhan-Kimberly ranked first in the transparency of its public reports on achievements in social and the environment sectors. The landmark report evaluating the transparency of South Korean companies .. [Aug.20,2007 09:38 KST]