Lee Jae-yong goes to work, not home, after overnight stay at detention center

SEOUL, Jan. 19 (Yonhap) — Samsung heir Lee Jae-yong got back to work instead of going home Thursday after staying overnight at a detention center as a local court rejected an arrest warrant for him over alleged bribery, embezzlement and perjury. L Source: Money

Won-dollar volatility hits 6-year high in 2016

SEOUL, Jan. 19 (Yonhap) — Volatility in won-dollar exchange rates hit a six-year high last year as the currency markets went volatile due to uncertainties, such as Britain’s decision to leave the European Union, the U.S. presidential election and expe Source: Money

Korean shares tick down in late morning trade

SEOUL, Jan. 19 (Yonhap) — South Korean shares traded mildly lower late Thursday morning in a tumultuous session. The benchmark Korea Composite Stock Price Index fell 2.67 points, or 0.13 percent, to 2,067.87 as of 11:20 a.m. The KOSPI started Source: Money

Celltrion to expand presence in U.S. with FDA's new guidance

SEOUL, Jan 19 (Yonhap) — The U.S. Food and Drug Administration (FDA) has released its draft guidance on biosimilar interchangeability, a move that will allow South Korean bio-pharmaceutical firm Celltrion Inc. to increase its presence in the U.S. mark Source: Money

Antibiotics prescription for infants much higher in South Korea: report

SEOUL, Jan. 19 (Yonhap) — South Korean infants are prescribed antibiotics in much higher frequency than those in other countries, the latest research report said Thursday, confirming concerns in the medical community of serious misuse that could hurt Source: Money

(News Focus) Samsung heaves sigh of relief as Lee avoids detention

By Kim Deok-hyun SEOUL, Jan. 19 (Yonhap) — A sigh of relief was let out by Samsung Group officials Thursday after a Seoul court rejected a warrant to arrest the group’s de facto leader, Lee Jae-yong, amid a snowballing corruption scandal that led to Source: Money

S. Korea's derivatives market in protracted slump

SEOUL, Jan. 19 (Yonhap) — South Korea’s derivatives market shows no signs of bouncing back, data showed Thursday, amid criticism that strict regulations continue to damp investors’ appetite. The country once boasted the world’s largest derivatives Source: Money

Minister vows to stabilize consumer prices ahead of major holiday

SEJONG, Jan. 19 (Yonhap) — South Korea’s finance minister vowed Thursday to stabilize consumer prices and sternly deal with any possible price collusion in processed goods ahead of a major holiday. “There are growing concerns over an increase in c Source: Money

Department store sales limp on, reminiscent of Japan

SEOUL, Jan. 19 (Yonhap) — Sales at major department stores have been stagnant for the past five years and lack promising elements for a pickup, retail industry data indicated Thursday, leading some analysts to draw comparisons with Japan where the slu Source: Money

LG's G6 to feature Google's voice assistant service: sources

SEOUL, Jan. 19 (Yonhap) — LG Electronics Inc.’s upcoming G6 smartphones will come with Google Inc. voice assistant service, industry sources said Thursday, as the South Korean company struggles to compete against its rivals. LG’s new flagship mode Source: Money