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South Korean government announced plan to reduce credit card fees for small businesses. (Photo by Chung Sung Jun / Getty Images)

Nov 25, 2015 PM EST - Diana Tomale

South Korean Government Plans To Cut Credit Card Charges For Small Businesses Starting 2016

The South Korean government has announced its plan to cut credit fees for small merchants in the country starting next year. However, credit card companies complained it would greatly affect them.

SK Telecom logo | By: Bloomberg | Getty Images

Nov 03, 2015 AM EST - Czarelli Tuason

SK Telecom Acquires The Country’s Largest Cable Firm CJ HelloVision

South Korea's No. 1 telecommunications company SK Telecom and the nation's largest cable TV operator CJ HelloVision settled a merger agreement to form the subsidiary SK Broadband Co.

With regards to the decision of the U.S Consumer Product Safety Commission (CPSC), Samsung to recall washing machines in North America.

Oct 31, 2015 AM EDT - Diana Tomale

Samsung Electronics To Buy Back 11.3 Trillion Won To Boost Shareholder Value After Reporting Its First On-Year Revenue Growth In Two Years

Tech giant Samsung Electronics announced its plan to buy back 11.3 trillion won worth of shares to boost shareholder value. The announcement was made after the company reported its first on-year revenue growth in two years.

(Photo by: Slawos) Finance authorities in South Korea to set up accounting measures to improve transparency on construction and shipbuilding companies.

Oct 31, 2015 AM EDT - Diana Tomale

Finance Authorities In South Korea To Set Accounting Guidelines To Improve Transparency On Consrtuction And Shipbuilding Firms

Finance authorities in South Korea will draw up accounting measures to improve transparency on construction and shipbuilding companies after world's second-largest shipbuilding firm Daewoo posted its biggest loss ever in Q2.

Business men shaking hands | By: Tim Robberts

Nov 10, 2015 PM EST - Czarelli Tuason

World Bank Ranks Korea Fourth Among Best Countries To Do Business

Local entrepreneurs puzzled by World Bank's "Doing Business" report that put South Korea fourth in rank of the best countries to do business.


Oct 29, 2015 AM EDT - Ji Hyun Joo

South Korea Explores Economic Potential Of Salmon Farming

Salmon might be the new business in South Korea.

China Monile | By: Bloomberg | Getty Images

Nov 10, 2015 PM EST - Czarelli Tuason

China Mobile Invests 283 Million Dollars In A Consortium That Bids To Be South Korea's Fourth Telco Company

China Mobile has allegedly initially invested 320 billion won in KT Net consortium that's bidding for the fourth telco company in South Korea.

Oct 27, 2015 AM EDT - Simeon Luz

Chase Pay Vs. Apple Pay; JPMorgan Competes With Apple in Mobile Pay market.

JPMorgan Chase recently announced it will launch Chase Pay, challenging Apple Pay in the market of mobile apps for cash-less payments.

Dr. Jart+ BB Cream | By: Dr. Jart+

Nov 09, 2015 PM EST - Czarelli Tuason

Estée Lauder To Invest In South Korean Skincare Company Have & Be

In the effort to increase market awareness in South Korea, the world's forefront in the beauty industry, Estée Lauder signed an investment deal with South Korean skincare company Have & Be.

Apple News Update: Apple Removes More Than 250 Apps For Accessing User’s Information

Oct 26, 2015 PM EDT - Simeon Luz

New Apple TV Features Third-Party Apps, Siri, Touch Remote, & More

The fourth generation Apple TV is open for pre-orders today. The new device comes with new updates, special features, and two sizes.

Oct 26, 2015 PM EDT - Simeon Luz

FedEx Warns About Black Friday, Christmas Eve Holiday Shipping Peak

FedEx is preparing early for a record-breaking volume of shipping during the holiday season. FedEx announced on Monday that they expect an increase of shipping during the peak period of holiday shipping between Black Friday and Christmas Eve.

Bottled water. (Photo by Matt Cardy/Getty Images)

Nov 09, 2015 PM EST - Czarelli Tuason

Nongshim Opens Bottled Water Plant In China With Targeted Sales Of 237.6 Million Dollars In 2017

Due to the growing market of bottled water consumers, South Korea's leading noodle maker, Nongshim, opens a bottled water plant in China with a targeted sales of $237.6 million by 2017.

LG (Photo by David Ramos/Getty Images)

Oct 26, 2015 AM EDT - Therese Agcopra

LG’s Dual-Screen V10 Racks Up Disappointing Sales In South Korea

The LG V10 has failed to capture South Korean consumers as it dips to 15th place in terms of domestic smartphone sales.

(Author: Autoviva) Hyundai Motor reported its lowest quarterly income in over five years.

Oct 24, 2015 AM EDT - Diana Tomale

Hyundai Motor's Quarterly Earnings Down By Over 25 Percent With Q3 Net Income Of 1.2 Trillion Won

Hyundai Motor reported its lowest quarterly income in over five years. The South Korean carmaker recorded a net income of 1.2 triliion won in the third quarter of 2015.

(Author: Kaflan) Bank of Korea reveals that the number of

Oct 23, 2015 PM EDT - Diana Tomale

"Zombie Companies" Unable To Generate Sufficient Revenue To Pay Tax And Interest Dues Exceed 3,000 Over The Past Five Years

"Zombie companies" in South Korea continues to increase and exceeded 3,000 over the past five years, according to Bank of Korea.

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