A reduction of jobs in the manufacturing industry, owing to business closures and restructuring, has widened Korea’s income gap. According to a report issued by the Korea Labor Institute on May 21,.. [May.22,2007 15:28 KST]

The work a stay-at-home mother does for her household is worth about 25 million won (US$27,000) a year, according to a report issued by Samsung Securities on May 21, the day in South Korea that fetes .. [May.21,2007 11:53 KST]

The South Korean stock market is likely to undergo a correction next week due to China's interest rate hike aimed at cooling down its red-hot economy, analysts said Saturday. Despite pressure f.. [May.19,2007 15:05 KST]

In an interview with PBC radio on May 18, Kwon Oh-seung, chairman of the South Korean Fair Trade Commission (FTC), directly addressed muddled... [May.19,2007 14:28 KST]

South Korea will "thoroughly consider" a potential proposal by the United States for reopening negotiations to revise some parts of a free trade agreement deal between the two nations, if the propos.. [May.18,2007 17:23 KST]

Two daughters of late Hyundai Group founder Chung Ju-young, born out of an extramarital affair, have filed a lawsuit worth 10 billion won (US$10.8 million) after being dissatisfied with the amount of .. [May.18,2007 16:25 KST]

Are banks financial institutions or financial firms? During a meeting of Governor of the Financial Supervisory Service (FSS) Yoon... [May.18,2007 15:50 KST]

South Korean companies used 9.7 percent of their sales earnings to cover logistics costs in 2005, a government report said Thursday. The findings showed a 0.2 percentage point drop from 9.9 pe.. [May.17,2007 21:41 KST]

South Korea maintained its top status in the level of information technology (IT) development for a third consecutive year in 2007, government officials said Wednesday. Citing a report by the .. [May.17,2007 21:39 KST]

South Korea's unemployment rate edged down in April from a month earlier because of increased employment in the construction, financial and telecommunications industries, a government report showed .. [May.16,2007 21:26 KST]