With former US President Donald Trump having prevailed in his bid for a second nonconsecutive term, a host of effects are hitting countries across the globe, and South Korea is no exception. In particular, Seoul’s financial markets are fluctuating amid growing concerns about future shocks linked to Trump’s trade policies. The main bourse Kospi tumbled below the 2,500 level to close at 2,482.57 o...

Samsung Electronics and its largest labor union reached a preliminary agreement on a 5.1 percent pay increase Thursday, officials said, paving the way for ending stalled wage negotiations that have involved a weekslong strike. The tech giant and the National Samsung Electronics Union -- which represents 31,000 workers, or about 24 percent of the company's workforce -- have held multiple rounds o...