Online commerce woes

Korea’s e-commerce sector requires sound governance, stricter management

After several weeks of crisis caused by delayed payments on Qoo10’s two e-commerce platforms, TMON and WeMakePrice, both the Korean government and the fou…

Seoul shares opened higher Wednesday, following a mixed close on Wall Street, as investors expect the Federal Reserve may begin a rate cutting cycle later this year.

The benchmark Korea Composite Stock Price Index (KOSPI) added 5.20 points, or 0.19 …

Samsung Electronics Co. said Wednesday its second-quarter operating profit surged more than 15 times from a year earlier on the robust performance of its semiconductor business.

The world’s largest mobile phone and memory chip maker’s operating prof…

South Korea’s intelligence agency is closely watching relations between North Korea and China, amid increasing signs of the two countries growing apart, officials said Wednesday.

The National Intelligence Service (NIS) said it is monitoring any unus…

South Korea’s Deputy Foreign Minister Chung Byung-won has attended the inauguration ceremony of Iran’s new President Masoud Pezeshkian, Seoul’s foreign ministry said Wednesday.

Chung represented the South Korean government at the ceremony, which too…

Samsung Electronics Co. said Wednesday sales of high-performance high bandwidth memory (HBM) products soared more than 50 percent in the second quarter from three months earlier, driven by a boom in generative artificial intelligence.

“The memory ma…

The main opposition Democratic Party (DP) decided Wednesday to propose a motion to impeach the newly appointed broadcasting watchdog chief, Lee Jin-sook, just hours after she took office, officials said.

Lee took office as chairperson of the Korea C…

Samsung Electronics Co. and its largest labor union are still at odds over any breakthrough in their wage negotiations amid an ongoing strike, industry sources said Wednesday.

The negotiations between management and the National Samsung Electronics …