Business Feb 3, 2021

South Korea wants pandemic winners to share profits with hard-hit firms

The idea has gained traction within the ruling party in recent weeks as the K-shaped nature of the recovery became clearer.

Asia Pacific Dec 30, 2020

North Korea seeks economic boost amid COVID-19 and sanctions pain

The figures point to an accelerated need for Kim to come up with a new five year economic plan to survive the crisis.

Business / Corporate | FOCUS Nov 20, 2020

South Korea set to crack down on conglomerates with corporate reform steps

Critics say the dominance of chaebols, where key decisions often rest on a handful of large shareholders, hampers fair business practices and stifles competition.

Business Oct 25, 2020

Lee Kun-hee, who transformed Samsung Electronics, dies at 78

Lee built the company into the electronics powerhouse of today, becoming synonymous with the rise of South Korea on a global economic stage.

Asia Pacific | ANALYSIS Jun 22, 2020

Worst North Korea economy in two decades pushing Kim to lash out

After destruction of inter-Korean liaison office, analysts warn of even more provocative behavior over the next year.

National May 21, 2020

Paperwork-heavy Japan trailing tech-savvy South Korea on cash handouts

Lee Jong-chul, a 57-year-old truck driver who lives just south of Seoul, says it took little more than a minute to access his 400,000 won ($330) cash handout from the South Korean government earlier this month. For 2.8 million Korean households it didn’t take any ...

Business / Economy Mar 30, 2020

‘Jobs for life’ in South Korea and Japan set to cushion virus blow

A longtime thorn for businesses and productivity in Japan and South Korea is set to prove a bulwark for those economies as the coronavirus threatens millions of jobs around the world. Mass layoffs are frowned upon and labor laws make it hard for employers to ...

National / Social Issues Jan 23, 2019

What #MeToo? Dealmaking in escort bars thrives in corporate East Asia, including Japan

In Tokyo's Ginza, Seoul's Gangnam and Beijing's Chaoyang financial district, a familiar scene plays out almost every night of the work week. As dusk falls, businessmen flock to karaoke and hostess clubs to close deals and build relationships in the liquor-lubricated intimacy of young ...

Asia Pacific Feb 13, 2018

Hackers hit Winter Olympics in apparent attempt to embarrass organizers

A cyberattack paralyzed internet networks at the opening ceremony of the Pyeongchang Winter Olympics, in what appears to have been a bid to embarrass the organizers of the games. Hacking caused both local area network (LAN) and wireless communications to fail during the opening ceremony ...

Business / Tech Feb 13, 2018

5G is here: Super speed makes worldwide debut at Winter Olympics

The first to experience the future of wireless technology, well before most humans, will be South Korea's wild boars. That's because 5G, the fifth-generation wireless network, is making its worldwide debut at the Winter Olympics in Pyeongchang. The technology will be used to ward off ...