Rising housing prices are generally believed to lead to increased consumption. In addition to the increase in available assets and the predicted... [Jan.1,2019 13:53 KST]

Chaebol businesses accounted for just 0.2% of South Korea’s companies but 41% of company operating profits last year, statistics show. With much... [Jan.1,2019 13:49 KST]

The ruling family of the Hanjin Group conglomerate has been using Korean Air flights and employees to smuggle luxury goods worth over 700 million... [Dec.31,2018 11:19 KST]

The rapid emergence of senior citizens, people living alone, and value consumption as three major consumer market trends amid changing South Korean... [Dec.28,2018 11:55 KST]

A joint government-private investigation team investigating a series of fires involving BMW vehicles this past summer identified design defects and... [Dec.25,2018 15:07 KST]

The Korea Fair Trade Commission (KFTC) has launched a website that contains all the information it has collected on South Korea’s chaebol... [Dec.25,2018 14:51 KST]

The reversal in South Korean and US interest rates that occurred in Mar. 2017 led to many voicing fears of an outflow of foreign investment. If... [Dec.20,2018 17:32 KST]

The Korean Development Bank (KDB), which had been blocking GM Korea’s spinoff plan, has pivoted to approval of the plan, claiming that the... [Dec.20,2018 17:29 KST]

Renault’s ultra-compact electric car Twizy will enter production in South Korea in the second half of 2019. During a ceremony at Busan City... [Dec.19,2018 16:36 KST]

As an increasing number of drivers opt for electric vehicles, convenience stores, supermarkets and other industries are starting to install... [Dec.19,2018 16:16 KST]