Photo=Motionelements South Korea raised its government-imposed caps on wholesale fuel prices, underscoring mounting pressure on energy costs even as authorities try to shield consumers. The Ministry of Trade, Industry and Energy set a second round of maximum wholesale prices, effective at 12:00 a.m. for two weeks, at $5.53 per gallon for gasoline, $5.50 per gallon for diesel used in vehicles

(Photo=NITORI) Japanese home-furnishing retailers are stepping up their push into South Korea, betting that the country’s rapidly growing number of single-person households is reshaping demand for furniture and home goods. The shift reflects a broader demographic trend. Single-person households now account for a significant and rising share of South Korea’s population, particularly in urban centers such as Seoul, where smaller

Photo=Motionelements South Korea raised its government-imposed caps on wholesale fuel prices, underscoring mounting pressure on energy costs even as authorities try to shield consumers. The Ministry of Trade, Industry and Energy set a second round of maximum wholesale prices, effective at 12:00 a.m. for two weeks, at $5.53 per gallon for gasoline, $5.50 per gallon for diesel used in vehicles

(Photo=Pixabay) South Korea’s senior public officials are rushing to sell off multiple homes as the government tightens rules designed to eliminate conflicts of interest in housing policy, underscoring the central role real estate plays in the country’s economy and politics. At the heart of the shift is a directive from President Lee Jae-myung barring officials who own more than one

Photo=Samsung Lee Jae-yong, executive chairman of Samsung Electronics, has moved to bolster morale among employees stationed in the Middle East, offering high-end Galaxy devices to staff and their families as regional tensions escalate.  The gesture, which includes a choice between a premium laptop or a bundle of flagship smartphone and tablet products, comes as Samsung scales back its physical presence