LG Chem Ltd., South Korea’s leading chemical company, said Thursday its second-quarter net profit plunged 91 percent from a year earlier on sharply decreased shareholding gains from battery unit.

Net profit for the three months ended in June plummete…

The financial and antitrust regulators launched joint on-site inspections Thursday into e-commerce platforms TMON and WeMakePrice over their delays in payments to sellers amid liquidity issues, the finance ministry said.

The Fair Trade Commission (FT…

U.S. lawmakers, Korean Americans and others gathered in Washington on Wednesday to honor Korean War veterans and hope for lasting peace on the Korean Peninsula, as they commemorated the signing of the armistice that halted the conflict 71 years ago.

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Kakao Corp., the operator of South Korea’s dominant mobile messenger, said Thursday it has decided to form an emergency management system to address the vacancy left by its founder, Kim Beom-su, following his recent arrest.

Under the new system, CEO …

Police sought an arrest warrant for the driver of a car that barreled into pedestrians and killed nine in central Seoul earlier this month, officials said Thursday.

On July 1, the Hyundai Genesis sedan darted in the wrong direction for some 200 meter…

South Korean shares dipped by nearly 2 percent Thursday as tech and auto stocks crashed following an overnight drop on Wall Street. The local currency fell slightly against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost…

Kweon Ki-hwan, South Korea’s deputy foreign minister for global and multilateral affairs, has attended a ministerial session of the Group of 20 meeting in Brazil to discuss major development issues, the foreign ministry said Thursday.

He took part in…

The following are the key features of the tax code revisions unveiled by the finance ministry Thursday that aim to help spur economic growth and support the livelihoods of the people.

To underpin economic dynamism

– promoting investment, employment,…