Divided nation marks Independence Movement Day

Marking Independence Movement Day, millions of South Koreans poured onto the streets, turning central Seoul into a sea of national flags Wednesday. But this time, the nation is deeply divided, protesting for and against President Park Geun-hye’s impeachment. As the Constitutional Court is set to rule on whether to unseat or reinstate the scandal-ridden president

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Samsung, Reliance Jio to connect rural India

Samsung Electronics said it will team up with India’s Long Term Evolution mobile operator Reliance Jio Infocomm to build more high-speed wireless communication networks in India’s remote regions as well as major cities. Tapping the rapidly growing telco market in India, South Korea’s tech giant clinched an exclusive deal with Jio in 2012 to supply

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Korea's exports rise 20.2% in Feb.

South Korea’s exports jumped 20.2 percent last month from a year earlier expanding at the fastest clip in five years on rising oil prices and recovering world trade, government data showed Wednesday. Outbound shipments came to $43.2 billion in February, up from $35.9 billion tallied a year earlier, according to the Ministry of Trade, Industry

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Investing to stay young and beautiful

The definition of “elderly” is becoming less clear by the day, as society turns older and those traditionally grouped as seniors become younger in terms of health, appearance and economic activity. It has led to the coining of the new term “No-no generation” in South Korea, a combination of the English word “no” and the

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Korea eyes exports of signature green tea

South Korea is pushing to export its most famous organic green tea brand to tap fast growing markets in the United States and other countries, officials said Tuesday. The Ministry of Agriculture, Food and Rural Affairs said it signed a contract with Handong County on the south coast and tea exporter Vision Korea Corp. on

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LG moves to keep premium TV crown

LG Electronics is going all out to cement the No. 1 spot in the global premium television market this year by launching its flagship TV series earlier than archrival Samsung Electronics. The leading TV manufacturer Thursday launched the 2017 LG Signature OLED TV, Ultra OLED TV and Super Ultra HD TV series for the domestic

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KITA pledges efforts to boost Korea's exports

A local association of exporters in South Korea on Thursday vowed all-out efforts to boost the country’s exports this year, despite what it called many lingering risks at home and abroad. “The ongoing political turmoil continues to have a great impact on our economy and exports,” said Kim In-ho, head of the Korea International Trade

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Celltrion’s Rituxan biosimilar wins European approval

South Korea’s Celltrion announced Wednesday that the European Medicines Agency has granted sales approval to Truxima, its biosimilar drug referencing Roche’s blockbuster lymphatic cancer drug Rituxan. Truxima is the first ever Rituxan (rituximab) biosimilar to be approved by the European drug regulator, as well as the first ever Europe-approved biosimilar monoclonal antibody used to target

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Majority of Korean exporters oppose revision to commercial law

More than half of exporters in South Korea are against a proposed revision to the commercial law aimed at limiting the power of large shareholders in their respective firms that often comes at the expense of smaller shareholders, a survey showed Monday. In a recent survey conducted by the Korea International Trade Association, 50.5 percent

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