The nation’s six large construction companies were discovered to have colluded in bidding on construction of the city’s planned extension of subway Line 7, following an investigation conducted by.. [Jul.18,2007 12:50 KST]

Ownership of air conditioners, personal computers and specialized refrigerators in South Korea has risen sharply in the last 10 years while demand for stereos and videocassette recorders (VCRs) has s.. [Jul.17,2007 21:30 KST]

U.S. beef is expected to be sold in department stores and discount outlets nationwide starting next month, local retailers said Tuesday. They said 20 retail chains are preparing to put Americ.. [Jul.17,2007 21:23 KST]

South Korea and the European Union are struggling to narrow differences on tariffs and safety regulations on automobile trade as they try to forge an ambitious free trade agreement, a top South Kore.. [Jul.17,2007 20:57 KST]

The government plans to begin privatization of the water supply and sewage system next year. Five related ministries including the Ministry of Environment and the Ministry of Industry, Commerce & .. [Jul.17,2007 12:42 KST]

Controversy is heating up as South Korea’s benchmark KOSPI index heads toward a level of 2,000 points, compared to this year’s starting point... [Jul.17,2007 12:18 KST]

POSCO, the world's fourth-largest steelmaker, said Monday that its second-quarter earnings soared 56 percent from a year ago, largely thanks to higher steel prices and strong demand for lucrative hig.. [Jul.16,2007 21:58 KST]

South Korea said Monday it designated three additional special regions for foreign direct investment (FDI) in an effort to revive sagging overseas companies' interest in the country. Foreign co.. [Jul.16,2007 21:56 KST]

South Korea and the European Union kicked off their second round of negotiations Monday aimed at framing an ambitious free trade agreement that could provide South Korea with a crucial commercial bri.. [Jul.16,2007 21:44 KST]

Due to the bullish bourse, many people have flocked to invest in the stock market, like tiger moths unable to resist a burning light. Some have... [Jul.16,2007 13:49 KST]