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KOREA

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...
KOREA

Pyongyang sends a drone briefly across DMZ

A North Korean drone flew over the border on Wednesday and returned to the North after warning shots were fired by South Korea, the...
KOREA

Park pressures Beijing to act after North’s nuke test

President Park Geun-hye Wednesday sent a strong message to China to use its influence to punish North Korea for its latest nuclear test, mentioning...
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....
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