The opposition-controlled National Assembly passed a bill on providing cash handouts to the entire population Friday despite protest from ruling party lawmakers.

The bill passed in a 186-1 vote held after the Assembly, controlled

Minimize the damages to vendors and customers

A Seoul bankruptcy court froze the assets and debts of TMON and WeMakePrice – two e-commerce players under Singapore-based parent company Qoo10 – a day after the

Koreans excel at Paris Games

Athletes praised for performance and sportsmanship

Despite the scorching summer weather, most Koreans appear to be enjoying the ongoing Olympic Games, buoyed by a series of positive developments from

Kumho Petrochemical Co. said Friday its second-quarter net profit rose 16 percent from a year earlier helped by robust demand for synthetic rubber.

Net profit for the three months to June rose to 131.56

Oversight on e-commerce

Seoul court freezes assets, debts of Tmon, WeMakePrice amid deepening liquidity crisis

The liquidity crisis that has slammed embattled e-commerce platforms Tmon and WeMakePrice, affiliated with Singapore-based Qoo10 Group, h…