South Korea could face a severe labor shortage in the coming years unless it improves productivity in the service sector, a report by the central bank said Sunday. The Bank of Korea (BOK) repor.. [Oct.8,2006 20:29 KST]

The 2006 Bribe Payers Index (BPI), a report issued October 3 by Transparency International (TI) on worldwide business practices, placed South Korean companies in the bottom third for transparent busin.. [Oct.5,2006 13:45 KST]

North Korea's announcement of its plan to conduct a nuclear test had a limited effect on South Korea's overall financial market Wednesday but made a short-term dent in the local bourse, officials and.. [Oct.4,2006 16:26 KST]

South Korea's foreign exchange reserves rose more than US$1 billion last month from a month earlier due to increased investment profits, the nation's central bank said Wednesday. According to .. [Oct.4,2006 16:15 KST]

Sluggish investment and a slowdown in business expansion have eroded the future growth potential of South Korean conglomerates, a survey showed.... [Oct.4,2006 14:01 KST]

Romanov Jaboronbek, an Uzbek that has worked at a factory in southern Incheon for two years, recently opened an account named the "Korean Dream" at... [Oct.4,2006 13:49 KST]

Controversy is erupting on the matter of when a bank’s equity capital ratio should be measured. The ratio determines how much money a bank is... [Oct.3,2006 15:46 KST]

The Japanese yen’s steep fall next to the won may pose a threat to the Korean economy. The rate fell to 799.66 won per 100 yen on the morning of October 2; this rate can be compared to a rate of 800.1.. [Oct.3,2006 14:49 KST]

Only 1 percent of the population of South Korea, about 500,000 people, possesses about 57 percent of privately-owned land. According to the Ministry of Government Administration and Home Affairs o.. [Oct.3,2006 14:33 KST]

The Web site of Samsung Electronics’ U.S. branch was recently shut down for three days after being attacked by hackers. The shutdown marked... [Oct.2,2006 14:51 KST]