WASHINGTON (Yonhap News) ― Worldwide inflationary pressure brought on by soaring commodities and farm prices should stabilize after the second quarter of this year, Korea’s finance minister said Friday. In a meeting with reporters in Washington, Finance Minister Yoon Jeung-hyun said supply shortages in the agricultural sector, triggered by bad weather, are showing signs of stabilizing this month...

SEOUL, (Yonhap) - South Korea and the United States are in the "home stretch" of their years-long efforts to have their free trade deal ratified by both legislatures, U.S. Secretary of State Hillary Clinton said Saturday. But speaking at the start of a meeting with South Korean Foreign Minister Kim Sung-hwan in Seoul, briefly open to the press, Clinton did not make any comments directly related ...

The race to offer high calorie, gut-busting burgers continues as Burger King introduces the 1,160-calorie ‘Meat Monster’ burger in Japan, Daily Mail reported. The burger consists of two hamburgers, a chicken breast fillet, two slices of processed cheese and three slices of bacon. If the original combination isn’t enough diners can add teriyaki sauce, an egg patty and even a fish patty. The bu...

South Korea's parliament subcommittee on Friday voted down the nation's free trade pact with the European Union, frustrating the ruling Grand National Party, which had hoped to get the bill through this month in order to ratify it by July as agreed upon by the two sides. After a government briefing on protective measures for local industries, the six-member legislation subcommittee of the Assemb...

HONG KONG (Yonhap News) ― Hyundai Motor Co., Korea’s No. 1 auto maker, has established a research center in Beijing in an effort to expand its business in China, company officials said Wednesday. The recent launch of the “Hyundai Motor Research Institute for the China Management” comes after China replaced Korea as the largest market for Hyundai Motor last year. The Korean company sold 700,000 ...