The chief of the Seoul Central District Prosecutors Office was briefed on last week’s questioning of first lady Kim Keon Hee more than three hours before he reported it to Prosecutor General Lee One-seok, sources said Thursday.

The revelation came af…

Liquidity woes of sellers on TMON and WeMakePrice, South Korean affiliates of Singapore-based e-commerce platform Qoo10 Group, showed signs of spreading to consumers Thursday, with some customers forced to cancel their travel plans or prompt refund de…

Hyundai Glovis Co. on Thursday reported its second-quarter net profit of 313 billion won (US$226 million), up 7.7 percent from a year earlier.

The company said in a regulatory filing that it posted 439.3 billion won in operating profit for the quarte…

HD Hyundai Heavy Industries Co. on Thursday reported its second-quarter net income of 154.1 billion won (US$111.2 million), up 539.4 percent from a year earlier.

The company said in a regulatory filing that it posted 195.6 billion won in operating pr…

South Korea’s economy retreated in the second quarter of the year as weaker domestic demand clouded recovery prospects, despite robust exports, central bank data showed Thursday.

The country’s real gross domestic product — a key measure of economic …

Liquidity woes of sellers on TMON and WeMakePrice, South Korean affiliates of Singapore-based e-commerce platform Qoo10 Group, showed signs of spreading to consumers Thursday, with some customers forced to cancel their travel plans or prompt refund de…

Payment delays by TMON and WeMakePrice, South Korean affiliates of Singapore-based e-commerce platform Qoo10 Group, were feared to deepen liquidity woes of sellers on the online marketplaces, according to some sellers Thursday.

The e-commerce platfor…

LG Electronics Inc. on Thursday reported its second-quarter net income of 629.5 billion won (US$454.1 million), up 222.3 percent from a year earlier.

The company said in a regulatory filing that operating income for the April-June period rose 61.2 pe…