South Korea's prosecutors concluded Thursday that U.S. equity fund Lone Star's 2003 takeover of Korea Exchange Bank (KEB) was the result of illegal acts. Prosecutors said there were illegaliti.. [Dec.7,2006 17:00 KST]

Average annual salaries for entry-level positions at South Korea's largest companies are estimated at around 30 million won (US$32,700) next year, a survey showed. According to the survey jointly.. [Dec.7,2006 14:15 KST]

The government admitted that the nation is suffering from depression and that business conditions felt by the general public are bleak, but a government report at the same time confirmed that househol.. [Dec.7,2006 14:07 KST]

South Korea has decided that it will destroy or send back 10.2 metric tons of U.S. beef shipped early this month after some cuts were found to contain bone fragments. Beef shipments from the U.S. .. [Dec.7,2006 14:04 KST]

The South Korean currency's surge against the U.S. dollar put export-oriented companies on a state of alert Wednesday as it was feared to put a crimp in future overseas shipments. The local cu.. [Dec.6,2006 21:00 KST]

Free trade negotiators from South Korea and the U.S. ended the second day of talks on Tuesday without a clear breakthrough on a range of core issues, including farm goods, services and trade remedie.. [Dec.6,2006 20:21 KST]

Apartment prices in South Korea have surged over 55 percent since the Roh Moo-hyun administration took office four years ago. This year alone, average apartment prices jumped more than 12.8 percent, a.. [Dec.6,2006 14:26 KST]

Three controversial laws regarding part-time and contract workers passed the National Assembly on November 30, but critics doubt whether the laws... [Dec.6,2006 13:57 KST]

U.S. investors led by billionaire financier Carl Icahn sold a 4.75 percent stake in South Korea's dominant ginseng and tobacco company KT&G Corp., a financial source said Tuesday. "We've been .. [Dec.5,2006 20:01 KST]

South Korea's cumulative exports for this year surpassed the US$300-billion mark on Tuesday, making it the world's 11th country to reach the landmark level, the commerce ministry said. The coun.. [Dec.5,2006 19:58 KST]