The average rate of pay increase at Korean companies this year stood at 5.4 percent, falling again for the fifth straight year. The gap in overall... [Dec.11,2006 17:04 KST]

South Korea and the U.S. made some progress in their latest round of free trade talks that ended Friday but failed to resolve differences in most sensitive areas such as antidumping laws, autos and .. [Dec.9,2006 12:24 KST]

South Korea's currency fell against the U.S. dollar for the first time in eight sessions Friday as currency authorities snapped up the greenback to curb the won's strength, dealers said. The K.. [Dec.8,2006 20:38 KST]

South Korea's two flag carriers Korean Air and Asiana Airlines said Friday they will raise their passenger fares on international flights next week to offset higher fuel costs and inflation. K.. [Dec.8,2006 20:30 KST]

South Korea has stepped up restrictions on the purchase of stakes in local communications companies in an effort to help them stave off foreign hostile takeover bids, officials said Friday. Un.. [Dec.8,2006 20:27 KST]

South Korea and the United States are making "steady progress" in their free trade talks but must accelerate the pace to wrap up the negotiations by March at the latest, Washington's top negotiator s.. [Dec.8,2006 20:09 KST]

Purchases of expensive non-necessity items have soared from last year, as market observers see an increase in national income affecting consumer culture. According to data published on December 7 .. [Dec.8,2006 14:29 KST]

A South Korean washing machine is under global spotlight, as the U.S.and some European countries are raising concerns about its possible negative... [Dec.8,2006 14:08 KST]

Despite soaring property prices, South Korea's central bank on Thursday froze its key interest rate for a fourth straight month in December in an apparent move to kick-start the economy. In its.. [Dec.7,2006 17:36 KST]

South Korea on Wednesday temporarily suspended parts of its slow-moving free trade talks with the U.S. after Washington refused to address its demand over trade remedies. However, the South Kor.. [Dec.7,2006 17:17 KST]