South Korea's corporate watchdog said Thursday it has issued an order for corrective measures against Mercedez-Benz Korea for coercing dealers into fixing the prices of their automobiles. The.. [Jul.12,2007 20:49 KST]

South Korea's central bank on Thursday raised its key interest rate for July for the first time in 11 months in an apparent bid to curb high liquidity growth. In a monthly rate-setting session,.. [Jul.12,2007 18:08 KST]

The nation’s large retail chains will begin selling U.S. beef tomorrow. Lotte Mart said on July 11 that its 53 stores across the nation will sell 40 tons of U.S. beef including 10 tons of chilled m.. [Jul.12,2007 16:39 KST]

Is the ‘iPhone effect’ a double-edged sword? After Apple Inc. began selling two models of its newly-released iPhone, related industries in... [Jul.12,2007 16:14 KST]

South Korea's unemployment rate remained flat at 3.2 percent in June as businesses in the country's social service sectors added more people to their payrolls, a government report showed Wednesday. .. [Jul.11,2007 21:45 KST]

South Korea's second-largest flag carrier Asiana Airlines Inc. said Wednesday it will increase its flights to Frankfurt, Germany starting in mid-July to satisfy growing demand during the summer holi.. [Jul.11,2007 21:42 KST]

Talks between the labor union and management at the retailer E.Land Group ended in failure on Tuesday, causing the unionized workers to continue their strike against the massive dismissal of irregul.. [Jul.10,2007 21:24 KST]

South Korea's population is forecast to fall nearly 1 percent every year from 2045 onward, one of the fastest declines in the world, a government report showed Tuesday. The population, which st.. [Jul.10,2007 21:18 KST]

The Seoul Metropolitan Government said Tuesday it will order a local branch of General Electric Co. to forfeit 17.1 billion won (US$18.5 million) for evading taxes. City officials said GE Korea.. [Jul.10,2007 21:13 KST]

South Korea's central bank on Tuesday revised its annual growth forecast for 2007 upward to 4.5 percent, citing strong exports and a recovery in domestic spending, yet kept its earlier estimate for .. [Jul.10,2007 20:19 KST]