News
FTC to give up exclusive right to file complaints in serious antitrust cases
South Korea's corporate watchdog said Tuesday that it has decided to give up its own right to file complaints about some major cases such as price rigging in a move to support effective law enforcement and better protect consumers' rights. ... Read MoreCorporate watchdog unveils anti-corruption measures
South Korea's corporate watchdog on Monday unveiled a set of anti-corruption measures whose centerpiece seeks to boost the ethics code for its staff and ban help for retirees looking to get jobs at corporations related to their former duties. Under ... Read More
S. Korea’s GDP forecast to edge down due to US-China trade row: report
South Korea is expected to be one of the countries most affected by the protracted trade war between the United States and China, though the impact is forecast to remain limited, a report said Sunday. According to the report from ... Read More
Korean premier calls for increased cooperation with Qatar
Korean Prime Minister Lee Nak-yon on Thursday expressed hope for increased business and economic cooperation with Qatar, asking the visiting deputy prime minister of the Middle Eastern country to help expand business opportunities for Korean firms. Lee's request came in ... Read More
Deregulation needed to spur corporate investments
Regulatory reforms need to be accelerated to ensure that massive investment plans unveiled or drawn up by the country’s major conglomerates will be implemented smoothly in the coming years, economists say. In the past months, six local business groups have ... Read More
OECD warns Korea is facing some stiff challenges
The Organization for Economic Cooperation and Development raised warnings that Korea's economy is facing some serious challenges going forward, an analysis of data showed Sunday. The alarm comes as the organization representing developed market economies with high income adjusted down ... Read More
Oil price, minimum wage, heat wave expected to fuel inflation
The latest increase in the global oil price and the country's minimum wage, along with the heat wave are anticipated to push up the cost of living in South Korea, a report showed Sunday. According to the report released by ... Read More