South Korean stocks finished more than 1 percent higher Friday as investor sentiment was boosted by better-than-expected recent U.S. jobless data, soothing recent recession fears that had rocked global financial markets. The local currency gained aga…

The chief executive of Naver Corp., South Korea’s top internet firm, said Friday the company is not considering reducing its stake in Japan’s LY Corp., the operator of the popular mobile messenger Line, despite LY’s efforts to lessen its dependence o…

Police arrested ‘Lone Seven’ who fled to hide at a relative’s house in Phatthalung Province after he drove his sedan through a checkpoint and shot at officers while they were setting up a checkpoint in the middle of Hat Yai City, Songkhla Province. D…

Over a week has passed since a spontaneous Mercedes-Benz electric vehicle fire ended up sparking an EV fire scare in South Korea, but the local unit of the German automotive giant has barely made an earnest gesture to address the issue at hand.

Merc…

The governing and opposition parties have finally agreed to deal with a number of urgent bills directly linked to people’s livelihoods. On Thursday, two deputy floor leaders of the governing People Power Party (PPP) and the majority Democratic Party …

Two maintenance train cars bumped into each other at Seoul’s Guro Station in the wee hours Friday, leaving two workers dead and another injured, officials said.

The workers were working on top of a maintenance train car to replace insulating structu…

CJ Logistics Corp., South Korea’s biggest logistics company, said Friday its second-quarter net profit rose 2 percent from a year earlier on increased delivery deals.

Net profit for the three months to June rose to 61.3 billion won (US$45 million) f…

The chief of Qoo10, the Singapore-based parent firm of TMON and WeMakePrice, said Friday it has begun a process to merge the two e-commerce platforms to help resolve the liquidity crisis facing the companies.

On Thursday, Qoo10 applied for the estab…