SEOUL Devoid of consumer high street banks, North Korea has seen a recent rise in underground financing and investment, much of which supports state-managed projects, a South Korean report said on Thursday.
SEOUL, June 30 The soundness of South Korean household finances worsened slightly in the first half of the year as debt grew faster than disposable income, the Bank of Korea said on Thursday.
SEOUL, June 29 Sales at top South Korean department and discount stores in May both fell and were worse than initially expected, finalised government data showed on Wednesday, backing policymakers' concerns over consumption softening in Asia's fourth-largest economy.
SEOUL South Korea's CJ Group, a food-to-entertainment conglomerate, said on Wednesday it has submitted a letter of intent to buy McDonald's Corp's South Korean unit, adding that details have not been decided.
SEOUL, June 29 South Korea's CJ Group, a food-to-entertainment conglomerate, said on Wednesday it has submitted a letter of intent to buy McDonald's Corp's South Korean unit, adding that details have not been decided.
* BOK cut rates to record low 1.25 pct on June 9 (Adds more comments)
* President calls for fast action regarding extra budget (Replaces govt official's comments with president's remarks)
SEOUL A South Korean court on Friday issued the first warrant for the arrest of a Volkswagen AG executive in connection with its cheating of vehicle emissions tests, in another blow to the German automaker's efforts to move on from the scandal.
* Volkswagen losing share of Asia's No.2 diesel car market (Adds details on probe, context, background)
SEOUL South Korea said it will implement market stabilising measures as needed because the country will inevitably be affected by market turbulence sparked by the results of the vote in Britain whether to quit the European Union or not.
WASHINGTON The Obama administration is considering a plan to coordinate air strikes on Nusra Front and Islamic State militants in Syria if Syria'a government stops bombing moderate rebels, U.S. officials said on Thursday.