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South Korean Finance Minister Choi Kyung Hwan (L) reportedly said offering financial aid to unprofitable overseas projects could lead to insolvency. (Photo by Handout / Getty Images)

Dec 08, 2015 PM EST - Diana Tomale

South Korea's Financial Institutions To Increase Scrutiny Before Providing Financial Aid To Local Companies With Large-Scale Overseas Projects

State-run banks in South Korea will examine the profitability of local companies that has large-scale overseas projects before offering them with financial aid.

Uniqlo at the Lotte Mall Gimpo Airport in Seoul, South Korea (Photo by Bloomberg/Getty Images)

Dec 01, 2015 PM EST - Czarelli Tuason

Uniqlo Reaches 1 Trillion Won Mark In Annual Sales In South Korea

Uniqlo South Korea reportedly became the first fashion brand in the country to reach the one trillion won mark in annual sales, which the company earned from Sep. 1, 2014 to Aug. 31, 2015.

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.

Hyundai (Photo by Mark Renders/Getty Images)

Nov 24, 2015 PM EST - Therese Agcopra

Hyundai Motors Receives 4,342 Pre-Orders For Its First Genesis Line Luxury Sedan EQ900

The EQ900 is the first model from Hyundai Motor's Genesis luxury line.

Korean Air (Photo by Bloomberg/Getty Images)

Nov 20, 2015 AM EST - Czarelli Tuason

Airbus To Deliver 55 A321Neo Passenger Planes To South Korea's 2 Largest Airlines

European aircraft maker Airbus is set to deliver a total of 55 A321neo passenger jets to South Korea's largest airlines Korean Air and Asiana.

Hyundai Motor's new luxury sedan all-new (Photo by Chung Sung Jun/Getty Images)

Nov 18, 2015 PM EST - Czarelli Tuason

Hyundai Motor To Launch Luxury Cars Under Premium Brand Genesis

Hyundai launches Genesis as a premium solo brand for its six new luxury car models to be released by 2020.

LG Electronics' OLED TV | By: Jung Yeon Je | Getty Images

Nov 17, 2015 PM EST - Czarelli Tuason

U.S.-Based Reviewer Awards LG Electronics 7 Best Of The Year Titles

LG Electronics has been awarded seven Best of the Year totles from U.S.-based reviewer Reviewed.com.

(Photo by: Sean Gallup / Getty Images News) Nearly 2,000 Korean motorists filed lawsuits against German carmaker Volkswagen amid emissions scandal.

Nov 17, 2015 PM EST - Diana Tomale

Thousands Of Korean Motorists File Lawsuits Against German Carmaker Volkswagen Amid Emissions Scandal

Almost 2,000 Korean motorists have already filed lawsuits against German carmaker Volkswagen after the company reportedly admitted the accusations of cheating the emission tests.

An employee arranges instant noodles at E-Mart (Photo by Bloomberg / Getty Images)

Nov 15, 2015 AM EST - Czarelli Tuason

E-Mart’s Packaged Food Brand Peacock Earns 59.2 USD In Sales In The First 10 Months Of 2015

South Korean E-Mart's packaged food brand Peacock reportedly reached $59.2 million in the first 10 months this year as the country's single-person household population increases.

The Bayerische Motoren Werke AG (BMW) driving center at Incheon, South Korea | By: Bloomberg | Getty Images

Nov 13, 2015 PM EST - Czarelli Tuason

BWM Loses Credibility In South Korea After 7 Unexplicable Vehicular Fires

Since October, seven BWM sedans were reportedly caught on fire inexplicably in South Korean roads, with six of which allegedly being at least a decade old.

Samsung SDI lithium-ion batteries  (Photo by Bloomberg/Getty Images)

Nov 12, 2015 PM EST - Czarelli Tuason

Samsung Group Agrees To Sell Chemical Assets To Lotte Group For Around 2.63 Billion USD

Lotte Group will be acquiring Samsung Group's chemical asstes amounting to arond $2.63 billion as Samsung aims to focus on its tech business.

A survey revealed that 231 large firms in South Korea allocated 3.5 percent of their pre-tax profits for social donations last year. (Photo by Oskar Alexanderson / Flickr)

Nov 11, 2015 PM EST - Diana Tomale

231 Large Companies In South Korea Adhere To Their Corporate Social Responsibilty Despite Decrease In Revenue And Profits

A survey conducted by the Federation of Korean Industries revealed that 231 large firms in South Korea allocated 3.5 percent of their pre-tax profits for social donations last year despite the decrease in revenue and profits in the past two years.

Uber's luxury sedan services UberBlack will resume operations in South Korea by the end of the year.  (Photo by Pablo Blazquez Dominguez/Getty Images)

Nov 11, 2015 PM EST - Therese Agcopra

Uber Re-launches Its Back on the Road: Premium Taxi Service Again South Korea After The Government Eases Regulations On Commercial Licenses

UberBlack is will soon be available to the general public in South Korea.

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.

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.

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Editor's Pick

IU Donates 10 Million KRW To Alma Mater

IU talked about her controversial album 'Chat-shire' during her recent concert.

Feb 23, 2017 AM EST - Chiqui Guyjoco

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