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Sat, June 3, 2023 | 01:28

Top 20% of income earners fuel increase in Q1 consumption as pandemic ends

Top 20% of income earners fuel increase in Q1 consumption as pandemic ends

The top 20 percent of income earners in Korea have been opening up their wallets in the first quarter, especially since the government has lifted nearly all quarantine measures. This wealthy group is driving domestic consumption, showing a surge in outdoor activities and travel.

Lee Yeon-woo | 2023-05-29 09:00

LG Electronics expands social contribution in Middle East, Africa

LG Electronics expands social contribution in Middle East, Africa

LG Electronics has expanded social contribution activities in the Middle East and Africa as it seeks business opportunities there, according to the company Sunday.

2023-05-28 12:23

Sales workforce at offline shops declines as online deals rise

Sales workforce at offline shops declines as online deals rise

The sales workforce at Korea's retail stores continued to decline in the past four years on increased online transactions amid the COVID-19 pandemic, government data showed Sunday.

2023-05-28 11:26

ChatGPT: boon or bane for banking industry?

ChatGPT: boon or bane for banking industry?

The financial sector in Korea is upbeat about adopting ChatGPT, an up-to-date artificial intelligence (AI) chatbot programmed for human-like conversation, as part of the industry's move to accelerate digitalization. A string of executives and researchers at the banks have listed possible services that can be made more efficient, convenient and secure using ChatGPT since it wa...

Yi Whan-woo | 2023-05-28 09:01

China, Korea agree to strengthen talks on chip industry: Chinese commerce ministry

China, Korea agree to strengthen talks on chip industry: Chinese commerce ministry

China and Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, according to China's commerce minister.

2023-05-27 20:48

Seoul's trade minister holds talks with US counterpart over IRA, IPEF

Seoul's trade minister holds talks with US counterpart over IRA, IPEF

Korea's top trade official has discussed a variety of issues, including the Inflation Reduction Act (IRA), with the United States Trade Representative Katherine Tai, his ministry said Saturday.

2023-05-27 17:27

Gen MZ shifts to thrifty mindset amid high cost of living

Gen MZ shifts to thrifty mindset amid high cost of living

A KakaoTalk user in his 20s says he routinely asks for and shares advice on how to spend less and save more money in an open chat with more than a dozen users also looking to live more frugally.

Yi Whan-woo | 2023-05-26 16:16

Gov't dividends from state-run firms halve in 2023 amid lackluster earnings

Gov't dividends from state-run firms halve in 2023 amid lackluster earnings

The Korean government's dividend income from its stakes in public companies fell sharply in 2023 from a year earlier due to weaker performances amid economic uncertainties, data showed Friday.

2023-05-26 14:30

Korea to seek tariff-rate quota on pork, mackerel

Korea to seek tariff-rate quota on pork, mackerel

Korea plans to adopt tariff-rate quotas on imports of pork and mackerel in the near future in line with efforts to tame rising foodstuffs prices amid prolonged inflation, a senior official said Friday.

2023-05-26 10:27

Can Seoul succeed in transforming Yeouido into a global financial hub?

Can Seoul succeed in transforming Yeouido into a global financial hub?

Seoul revealed its blueprint to establish Yeouido as a global financial hub, but concerns are rising that the city still has a long way to go before it can emulate its models - London and Singapore. On Thursday, Seoul began soliciting public opinions on its plans to elevate the environment of the district to international standards, as part of its aim of transforming the city...

Lee Yeon-woo | 2023-05-26 08:25

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Top 10 Stories

1	Hyundai Elevator launches AI, IoT-powered maintenance service

2	More banks offer daily interest payments on deposits

3	Roland Garros 2023

4	Airlines fiercely compete to acquire additional aircraft

5	Seoul imposes sanctions on North Korean hacking group for role in space launch

6	LG Chem joins Korean firms strengthening ties with Japan

7	HMM tasked with preventing sale of Hyundai LNG to foreign firm

8	Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums

9	POSCO, GM expand joint EV battery materials investment in North America

10	Indo-Pacific region highlighted as important for Korean economy's future

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