U.S. defense contractor Lockheed Martin has asked 8 billion won (US$9 million) per plane from the South Korean Air Force to upgrade existing F-16... [Jan.5,2007 15:08 KST]

Amid an international standoff in the fallout of North Korea’s October 9 nuclear test, ShinWon Corporation Chairman Park Sung-Chul expressed his... [Jan.5,2007 15:03 KST]

The South Korean government on Thursday revised downward its economic growth forecast for 2007 due to cooling exports and weak private spending, showing a shrinking confidence in Asia's third-larges.. [Jan.4,2007 21:43 KST]

South Korean banks and other financial institutions should ramp up efforts to manage risks of home-backed loans this year to brace for a potential burst of a housing bubble, the nation's top financi.. [Jan.4,2007 21:26 KST]

South Korean automakers are taking note as world auto manufacturers move into a new era of ‘noise marketing.’ While traditionally carmakers... [Jan.4,2007 15:38 KST]

Foreign direct investment (FDI) in South Korea fell 2.9 percent from a year ago to US$11.2 billion in 2006, the second straight annual decline, a government report said Wednesday. However, las.. [Jan.3,2007 21:32 KST]

South Korean firms predicted that the foreign exchange rate would be the key variable to watch in predicting the health of the nation’s business environment in 2007. According to a report on the pr.. [Jan.3,2007 14:59 KST]

Disclosing the costs for building private apartments is not desirable since it goes against market principles, South Korea's vice finance minister said Tuesday, standing by the government's firm sta.. [Jan.2,2007 20:11 KST]

South Korea's five automakers, led by Hyundai Motor Co., saw their sales gain 11.5 percent in 2006 from a year ago on strong exports, despite unfavorable factors such as the Korean currency's streng.. [Jan.2,2007 20:04 KST]

South Korea plans to remove discriminatory rules that have made it hard for local companies and funds to invest abroad, the nation's top economic policymaker said Tuesday. Finance Minister K.. [Jan.2,2007 16:17 KST]