South Korea's No. 1 tech firm Samsung Electronics Co. was named the third-most reputable company in the United States, an industry tracker said Wednesday, while its top rival Apple Inc. remained out of the top 100.According to research conducted by U.S.-based Reputation Institute, the South Korean tech giant came in behind Amazon.com Inc. and Hallmark Cards Inc. in terms of reputation in the country. Samsung Group headquarters in Seoul (Yonhap)Foodstuffs maker Kellogg Company, Japanese tech gian

Global smartphone giant Samsung Electronics Co. is anticipated to post better-than-expected earnings for the first quarter following the better-than-expected performance of the Galaxy S7 series, industry analysts forecast Wednesday.South Korean analysts and industry watchers expect the first-quarter operating profit of the tech giant to reach 6 trillion won (US$5.14 billion), in line with 5.98 trillion won posted a year earlier. Samsung Electronics headquarters in Seoul (Yonhap)Analysts earlier

China has enough policy tools to keep the economy stable despite “deep rooted” structural problems and downward pressure, Premier Li Keqiang said on Thursday, according to a report by Reuters. Speaking at an annual forum in Boao on the southern Chinese island of Hainan, Li said high economic growth rates are not sustainable, so the government will pay more attention to the quality and efficiency of economic growth.The comments echoed previous statements by policymakers who are grappling with the

The Thai prime minister has expressed hope that South Korean investors will participate in massive infrastructure projects in Southeast Asia's second-largest economy as he vowed to make efforts to address their concerns, South Korea's presidential office said Tuesday.Thai Prime Minister Prayuth Chan-ocha made the comments in a message conveyed to South Korean President Park Geun-hye through Deputy Prime Minister Somkid Jatusripitak, Cheong Wa Dae said.Thai Prime Minister Prayuth Chan-ocha (Bloom

South Korea's terms of trade improved from a year earlier in February as import prices dropped at a faster clip than export prices, central bank data showed Wednesday.The terms of trade index for products came to 103.54 last month, up 3.4 percent from the same month last year, according to preliminary data from the Bank of Korea (BOK).The February reading also marks a 2.4 percent increase from a revised 101.12 in the previous month.The index measures the amount of imports a country can buy for e

South Korea said Monday it will strengthen cooperation with China for the development and marketing of virtual reality gear and related products, to take a lead in the burgeoning but promising sector.The Ministry of Science, ICT and Future Planning plans to organize a "South Korea-China VR business day" event in Shanghai on Tuesday, setting the stage for more than 60 firms from neighboring countries to explore partnerships in the rapidly growing industry.They include South Korea's SKONEC Enterta

South Korea ranked as the world's sixth most financially advanced country among 183 countries, a survey showed on Thursday.Korea's financial institutions earned the sixth-highest score of 0.854 in financial advancement, following Switzerland with 0.951, Australia with 0.890, Great Britain at 0.882, the United States' 0.877 and Spain's 0.860, according to the survey conducted by the International Monetary Fund (IMF).The results were based on an analysis of three factors in the subjected countries

WASHINGTON (AP) _ The Federal Reserve is keeping a key interest rate unchanged in light of global pressures that risk slowing the U.S. economy.  As a result, Fed officials expect to raise rates more gradually this year than they had envisioned in December. The officials now foresee two, rather than four, modest increases in their benchmark short-term rate during 2016. The Fed said Wednesday that the economy has continued to grow moderately but that the global economy and financial markets still

South Korea's home sales plunged 24.9 percent last month from a year earlier as the local property market has shown some signs of a slowdown, government data showed Sunday.The number of home transactions reached 59,265 in February compared with a record 78,864 tallied a year ago, according to data compiled by the Ministry of Land, Infrastructure and Transport.It also marked a 5 percent drop from the previous month's 62,365 and a 12.2 percent fall from a five-year average of 68,000.February's sha