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BUSINESS

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...
BUSINESS

Lotte aims for trendy with latest budget hotel option

When walking into L7, a new midrange hotel by Lotte Hotels & Resorts opening today in Myeong-dong, central Seoul, it’s hard to miss the...
BUSINESS

Samsung has a course to test driverless cars

The Speedway motor racecourse at Everland, an amusement park run by Samsung C&T in Yongin, Gyeonggi, will be used as a testing area for...
BUSINESS

Convergence continues to be key at 2016 CES

The personal computer was the star of the Consumer Electronics Show (CES) back in the 1980s. In the ’90s, consumer gadgets were all the...
BUSINESS

When one job just isn’t secure enough

Mr. Lee, a manager at a major construction company in Seoul, works seven days a week. His company job keeps him busy on weekdays....
BUSINESS

Kia touts revamped K7

HWASEONG, Gyeonggi - Kia Motors has partially revealed some of the features of the new K7 sedan, which it hopes will do well in...
BUSINESS

Samsung SDI says its EV battery is strongest

Samsung SDI unveiled Monday the prototype of what it claims to be the highest-density battery cell, which will make it possible for an electric...
BUSINESS

Kakao buys Loen and its MelOn music service

Kakao announced Monday it bought a controlling share of Loen Entertainment, operator of Korea’s top digital music streaming-download service MelOn, for 1.87 trillion won...
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