South Korean prosecutors investigating the alleged financial irregularities of Lone Star on Wednesday rejected the U.S. company's earlier claim that the probe was based on "allegations of vague cons.. [Nov.1,2006 20:51 KST]

South Korea is willing to make concessions on its controversial car tax system Washington says is discriminatory against large-sized U.S. vehicles, the country's top free trade negotiator said Wedne.. [Nov.1,2006 20:29 KST]

The tariff concession offer by the South Korean government to the United States on October 27 greatly scaled up the opening of agricultural products. Jeong Hyeon-cheol, an official of the Ministry .. [Nov.1,2006 14:18 KST]

Net profits posted by South Korean listed firms more than quadrupled over the past five years since 2000 but employment by the companies has... [Nov.1,2006 14:02 KST]

Samsung Corp., the trading and construction arm of Samsung Group, said Tuesday it will enter Asia's freight security market by investing US$15 million in CommerceGuard AB, a global cargo security pro.. [Oct.31,2006 20:41 KST]

A government-commissioned research report found that hypermarkets, or large-scale discount department stores, may not bring down consumer prices and create new jobs. The research, commissioned by .. [Oct.31,2006 14:40 KST]

Hyundai Motor Co., South Korea's top automaker, announced Monday that net profit tumbled 47.1 percent in the third quarter thanks to a monthlong strike and a surging local currency. Its affil.. [Oct.30,2006 22:32 KST]

South Korea's industrial output increased at a faster-than-expected clip in September, boosted by a gain in auto industry production and brisk exports, a government report showed Monday. Indust.. [Oct.30,2006 22:18 KST]

After recent movement in the foreign exchange rate, it would seem that economic textbooks could use a good dose of revision. For despite the... [Oct.30,2006 14:43 KST]

Foreign investors' exit from South Korea is accelerating amid worries over a worsening business climate here and the economy's falling growth potential, the central bank said Sunday According to the.. [Oct.29,2006 19:29 KST]