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BUSINESS

BUSINESS

As China slows, new opportunities appear for Korea

Axel van Trotsenburg, vice president of the World Bank, said transition in the Chinese economy will create new opportunities for Korean exporters to tackle...
BUSINESS

1 in 2 Koreans bought lottery tickets in 2015

One out of two Koreans have bought a lottery ticket in the past year, a survey by a government agency showed Wednesday. The Korea Lottery...
BUSINESS

Mercedes-Benz vows to focus on service centers in 2016

Mercedes-Benz Korea (MBK) said Wednesday its top priority for this year is beefing up the automaker’s network of service centers across the country. Unveiling the...
BUSINESS

Ikea recalls toy drums over choking concerns

Ikea Korea is recalling toy drums and drumsticks with rubber parts that could cause choking accidents, the Swedish furniture giant said on Thursday. Customers who...
BUSINESS

Uber offers riders new entertainment feature

Uber Technologies had an epiphany after dropping off its one billionth passenger over the holidays: People are spending a lot of time in its...
BUSINESS

LG to announce new flagship phone at MWC

The stage is set for a battle between Samsung Electronics and LG Electronics, as the two rivals are slated to unveil their flagship smartphones...
BUSINESS

India’s largest bank opens its first branch in Korea

The State Bank of India (SBI), the largest bank in India in terms of assets, opened a branch in Seoul on Wednesday. The financial institution...
BUSINESS

Youth unemployment hits all-time high in 2015

Korea’s youth unemployment rate hit an all-time high in 2015. According to a monthly employment report by Statists Korea on Wednesday, the unemployment rate for...
BUSINESS

Looking gloomy

A board at KEB Hana Bank in central Seoul on Monday shows the benchmark Kospi falling below the 1,900 mark for the first time...
BUSINESS

Auto industry’s 2015 was mixed

2015 was good for Korea’s auto industry, with domestic sales hitting a record. But the year saw its share of troubles as well. Domestic sales...
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