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    Cargo transportation hit by Hanjin crisis

    Hit by the Hanjin Shipping crisis, the damage of cargo transportation has escalated. According to the Korea International Trade Association, a total of 161 export damage cases have been reported as of...

    2016-09-09

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    Korean overseas consumption hits record high

    Korean households spent 13.61 trillion won ($12.27 billion) overseas in the first half of the year, 10.7 percent higher than the same period last year, the central bank said Wednesday.The figure compi...

    2016-09-08

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    Chuseok bonuses, holidays increase

    Despite the economic depression, a majority of Korean companies plan to increase bonuses for the upcoming Chuseok, or Korean thanksgiving. According to a survey of 373 Korean companies conducted by th...

    2016-09-06

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    4G LTE usage surpasses 5GB

    The monthly average data usage of fourth-generation Long Term Evolution surpassed 5 gigabytes for the first time last July, according to data by the Ministry of Science, ICT and Future Planning. The o...

    2016-09-05

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    Japan’s possible alliance threatens Korean shipbuilders

    Japanese shipbuilder Mitsubishi Heavy Industries is mulling an alliance with three other shipbuilders to revive the sluggish sector and give it an edge over its rivals South Korea and China, Nikkei re...

    2016-09-02

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    Government-proposed 2017 budget surpasses 400 trillion won

    The 2017 budget proposed by the government has surpassed 400 trillion won ($358 billion) for the first time.Officials said the government increased the budget by 3.7 percent to spend more on job creat...

    2016-09-01

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    Korea to build network of smart expressways by 2020

    The Transport Ministry plans to build a network of smart expressways that will include new sections of road where electric vehicles can be charged on the go, officials said Tuesday.Under the plan, the...

    2016-08-31

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    Average labor cost rose by 2.4% in 2015

    It costs a company an average of 4.33 million won ($3,852) a month to hire an employee, including the wage, major insurance coverage and other allowances, the Employment and Labor Ministry’s researc...

    2016-08-30

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    Soft alcohol consumption soars

    Unlike the declining consumption of hard liquors, fruit-flavored soft alcohol is gaining popularity apparently due to increased social awareness of healthy drinking, a government report showed last we...

    2016-08-29

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    Direct overseas shopping gives 30 percent savings: survey

    Consumers who buy products directly from overseas sellers found prices to be about 30 percent lower than when buying from Korean sellers, according to data from a survey by the Korea Consumer Agency.T...

    2016-08-24

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