President Moon Jae-in, after hearing that four more launchers for the controversial Terminal High Altitude Area Defense (THAAD) anti-missile system had been brought into the country in addition to ...
2017-05-31 07:30
The total number of public sector workers in Korea is 1,026,201 as of the end of 2016. Even though the figure has steadily increased since 2013 when it broke the 1-million milestone, the growth rat...
2017-05-30 07:06It has become a hot issue in Korea whether to make it mandatory for shopping outlets to close two days a month just as large discount stores do today. Politicians are disputing over this issue...
2017-05-29 17:32Small- and medium-sized enterprises turned out to have accounted for 84 percent in Korea's exports of promising consumer goods last year. According to a report released by the Institute for In...
2017-05-29 08:23
The Fair Trade Commission reported on May 26 to the Special Advisory Committee for State Affairs that it would introduce a scheme to impose punitive fines to large retailers that wield their mark...
2017-05-27 03:56
To critical remarks of the Korea Employers Federation in opposition to the government's drive to switch temporary workers into full-time regular positions, President Moon Jae-in responded angrily, ...
2017-05-27 03:26Lee Ju-yeol, Governor of Bank of Korea, stressed job security as one of the central bank's main roles on May 25. He also said he would review an idea of switching dispatched workers to regular empl...
2017-05-26 16:35
Last year's income distribution indexes have gotten worse for the first time in five years. Analysts said this was largely because of corporate restructuring moves and the worsening business perfor...
2017-05-26 10:51
Starting next year, companies whose number of years of operation are long than seven years won't have to put up a cosigner when getting a loan from banks. Others, however, cautioned that with cosig...
2017-05-26 08:04The Monetary Policy Committee of the Bank of Korea has kept the benchmark interest rate unchanged in May. The committee held an all-member meeting in the morning of May 25 and decided not to change...
2017-05-25 11:18The labor union of Korea Electric Power Corp. is pushing to roll back the performance-based salary scheme for which it agreed with the management last year. This comes after Kim Jin-pyo, chairman o...
2017-05-25 09:07
President Moon Jae-in said he would check the job creation performance of large corporations in person every month. He said this on May 24, adding, "I don't know if it will be top-ten business grou...
2017-05-25 08:43
Nominees to major diplomatic and security posts appointed by President Moon Jae-in made remarks such as the new government would allow exchanges with North Korea at civilian levels and resume the...
2017-05-24 08:50
The South Korean manufacturers that undertook manufacturing operations at the Kaesong Industrial Complex in North Korea welcomed the Moon Jae-in administration's announcement that it would review t...
2017-05-24 08:35Even after the presidential election was over, the public squares in Seoul's Gwanghwamun and Cheonggye are filled with protesters. But they are different crowds from those demanding President Park ...
2017-05-24 08:09
South Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip
The Carlyle Group will consolidate its South Korean operations divided into buyout and growth capital units by combining them, after the three-men growth capital unit focusing on minority stake deals was believed to have lost one or two managers recently.&hellip
