The Korea Federation of Small and Medium Businesses has launched a probe into major retailers including Lotte, Hyundai and Shinsegae over alleged anticompetitive practices such as imposing unfairly high commission fees on dealers, it said Tuesday.The non-profit organization will investigate whether merchants selling their products through major retailers are being bullied with commission fees far

Korea’s industrial output continued to grow in April, but its expansion pace slowed, raising concerns the nation’s economic recovery may be losing momentum, a government report showed Tuesday.According to the report by Statistics Korea, production in the mining and manufacturing industries rose 6.9 percent last month from a year earlier, decelerating from a revised 9 percent growth in March.On-yea

Ticket Monster, the country’s largest social commerce firm, said Tuesday the company would launch its first overseas business in Malaysia in its first step into the market there.Daniel Shin, CEO and co-founder of Ticket Monster, said it recently acquired Everyday.com, which is a leading social shopping site in Malaysia.Malaysia was chosen because Ticket Monster expects the market there to grow sha

The fate of Rep. Kang Yong-suk is hanging in balance as the National Assembly Ethics Committee has almost unanimously agreed to expel him for a series of remarks insulting specific female professionals and other acts inappropriate for a lawmaker. The committee decision made by a vote of 12 in favor and one void will be referred to the plenary session where a two-thirds approval will finally remove

Three hundred representatives of student unions staged demonstrations at Seoul’s Gwanghwamun intersection Sunday. “Cut tuition by half, provide jobs for us,” the students chanted, as they were taken to police stations. On Monday, the national association of universities and colleges held an executive council meeting to demand that the government drastically expand financial support for their schoo

North Korea has fallen victim again to floods, severe cold and failed harvests ― and the case for food assistance to stave off famine is again being dictated by strategic considerations. Serves the North right, critics of Pyongyang’s duplicitous ways would say.South Korean President Lee Myung-bak has shocked his people’s kin sensibilities by withholding any form of cooperation (not just food shipm

It’s risky to read too much into Kathy Hochul’s upset victory in a special congressional election in western New York on Tuesday ― it was, after all, just one race. Still, Hochul’s fellow Democrats are touting the outcome as a voter rebellion against the House Republican plan to transform Medicare into a subsidy program for private health coverage. If the election prompts Republicans to rethink th

KABUL, Afghanistan ― The talk of talks with the Taliban has taken on new momentum in the wake of the death of Osama bin Laden.Even as the Taliban was mounting its spring offensive, Afghan officials told me of recent meetings in Qatar and Germany between U.S. officials and a Taliban official named Tayyeb Agha, who may ― or may not ― be an emissary of Mullah Omar.And there lies the rub.Secretary of