The two firms operating the nation’s largest part-time job portals, Albamon and Alba Heaven, were fined 2.6 billion won ($2 million) for collusion, the antitrust watchdog said Monday. Following a record 16.4 percent minimum wage hike in 2018, JobKorea and MediaWill Networks, which run Albamon and Alba Heaven, respectively, colluded with each other to reduce the type of jobs available in free job postings. They also increased and fixed the price of paid services in order to steer users towa

Korea's No. 1 messaging app lost 2.25 million users abroad over past decade

Annual production capacity of Samsung-Stellantis joint venture set to reach 67 GWh

A group of ambassadors, consuls and their families make Korean-style fried chicken during a class offered by South Korean fried chicken franchise Genesis BBQ in Gwangju, Gyeonggi Province, Friday. The event was attended by diplomats from nine countries, including Malaysia, Panama, Congo, Sierra Leone, Zambia, Nigeria, Uzbekistan, the Ivory Coast and the UK. BBQ plans to hold more classes until the year-end, inviting diplomats and their families to taste and make its signature chicken dishes, suc

BAT Rothmans, the Korean unit of British America Tobacco, debuted its new e-liquid cigarette product Vuse 800 in Korea on Monday, marking its first launch in Asia. The battery-powered device allows up to 800 puffs without charging, with four flavor options available. Vuse is the bestselling e-liquid cigarette brand in the US, making up 46 percent of the market share. (BAT Rothmans)

A digital banner promoting Samsung Electronics' upcoming Galaxy Unpacked event is displayed on the N Seoul Tower at Namsan in central Seoul, Saturday night. Samsung is scheduled to hold the unveiling event for its new foldable phones for the first time in Seoul on Wednesday. (Samsung Electronics)

South Korean credit card issuer BC Card announced on Sunday it has decided to establish a joint venture with a Kyrgyz state-run payment provider to offer a unified card payment processing service in the central Asian country. The joint venture firm, called BC Card Kyrgyzstan (BCKG), will be set up in Kyrgyzstan's capital city, Bishkek, in August in collaboration with two firms -- Korean payment services firm Smartro, and Kyrgyz state-run payment provider Interbank Processing Center (IPC). &

South Korea's Financial Supervisory Service has ordered three Chinese banks operating in Seoul to take disciplinary action after they were found to have violated disclosure and reporting obligations. The lenders in question are the Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank. The FSS ordered the Chinese firms to autonomously handle their employees involved in these violation cases. Autonomous handling refers to the practice where the FSS

Proposal feared to affect Korean firms, Vietnamese suppliers, labor market

Hyundai Elevator opens academy to nurture future talent

Market watchers say S. Korean tech giant holds edge in foundry biz as TSMC's Arizona production is put on hold

Korean startup’s space platform technology based on Voronoi diagram receives nod from US Air Force

The government plans to allow businesspeople to enter Ukraine for reconstruction projects by making exceptions to the travel ban on the war-torn country, officials said Sunday. The decision was part of measures that the government is taking after President Yoon Suk Yeol made a surprise visit to Ukraine earlier this month and promised to provide a package of security, humanitarian and reconstruction assistance. Since February last year, the government has been maintaining a travel ban for all of

The New QM6 by Renault Korea Motors is the only sport utility vehicle in Korea that is powered by liquefied petroleum gas or LPG. Highlighting the high demand for the LPG model among Korean drivers, the carmaker said almost seven out of 10 QM6 cars sold in the first half of this year were LPG models. Since its debut in 2019, the QM6 LPe is expected to hit the 100,000 mark in sales in the near future. According to Renault, one of the key reasons behind the LPG model’s huge success is its re

South Korea’s largest chemical company LG Chem said Friday it is accelerating efforts to create a more flexible corporate culture and foster better communication between executives and employees. As part of related efforts, the company recently launched its new initiative called the CEO Discussion Table, which brings together CEO Shin Hak-cheol and junior employees to freely exchange their opinions on the company’s key strategies and business directions. Through the non-hierarchica