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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.

Google sign (Photo by Adam Berry | Getty Images)

Nov 03, 2015 PM EST - Czarelli Tuason

South Korea To Implement ‘Google Tax’ In Order To Collect Profit Share From International Companies

The U.K. has implemented a diverted profits tax known as the "Google Tax" that aims to impose a levy on compnay profits that are cleverly keeping their profits away from the governement and South Korea is seeking to adopt the taxation scheme next year.

Court in Seoul orders Google Inc. to disclose list of personal information it has reportedly shared with third parties. (Photo by: Robert Scoble / Flickr)

Nov 10, 2015 PM EST - Diana Tomale

Court In Seoul Orders Tech Giant Google To Disclose Personal Information Of South Korean Users Reportedly Shared With Third Parties

Seoul Central District Court partially ruled in favor of six plaintiffs who filed a privacy suit against global tech giant Google to disclose any records of personal information it has reportedly shared with third parties.

Motoring journalists inspect Kia Motors' SUV Sportage (Photo by ODD ANDERSEN / Getty Images)

Nov 01, 2015 PM EST - Czarelli Tuason

Kia Motors Hits Record High Sales In Europe For Q3

According to the European Automobile Manufacturer's Association, Kia Motors Corp. hits record high in European sales for the third quarter of this year, with a total of 95,102 units sold from July to September.

Lotte scion Shin Dong Joo removes younger brother Shin Dong Bin as the director of a Japan-based company.

Oct 17, 2015 AM EDT - Diana Tomale

Lotte Scion Shin Dong Joo Removes Younger Brother Shin Dong Bin As Director Of Japan-Based Packaging Company

Shin Dong Joo removed his younger brother Shin Dong Bin as the director of a Japan-based packaging company. The elder brother announced the action on Wednesday. Shin Dong Bin will be replaced by his father's secretary.

(Photo by: Kanko* / Flickr) Convenience stores in South Korea offer healthier and tastier lunch box meals.

Oct 17, 2015 AM EDT - Diana Tomale

The Growing Competition Among Convenience Stores In South Korea That Offer Lunch Box Meals

The competition for lunch box meals among stores in South Korea that offer lunch box meals grows stronger as the demand continues to increase. Stores offer diverse packed lunch to win the taste of its customers.

A South Korean natural skin care company earns applaud from its customers overseas for its high-quality products and customer service. (Photo by Hannah Reyes / Getty Images)

Nov 03, 2015 PM EST - Diana Tomale

South Korean Skin Care Company April Skin Earns International Applaud For Higly Quality Products And Customer Service

A South Korean skin care company is earning postive feedback from its customers overseas. April Skin garnered applaud from its customers overseas for the products and services it offers.

A KUH-1 Surion helicopter hovering above Pocheon, South Korea (Photo by Chung Sung Jun/Getty Images)

Oct 26, 2015 PM EDT - Czarelli Tuason

Korea Aerospace Industries Allegedly Earns Nearly $48 Million From Falsified Development Expenses

According to the Bureau of Audit and Inspection, two suspects allegedly released falsified development expenses for a fleet of helicopters for Seoul's military earning an unjust profit of at least $ 47.9 million.

Diageo-owned brand Guinness launches

Nov 01, 2015 PM EST - Diana Tomale

Diageo-Owned Brand Guinness Launches 'Taste Of Black' Campaign To Win Over South Korea's Beer Market

Diageo-owned brand Guinness aims to win over South Korea's beer market as it launches its "Taste of Black" campaign. The new campaign features the different flavors of Guinness to shun the perception of South Koreans that Guinness is too strong.

Kakao cooperates with South Korean prosecutors and hands over requested data for investigation to prevent cyber defamation. (Photo by Chung Sung Jun / Getty Images)

Oct 29, 2015 PM EDT - Diana Tomale

Kakao Data Handover Ends Year-Long Privacy Dispute With The South Korean Government

Kakao has agreed to cooperate with the South Korean prosecutors by handing over data requested by the latter for investigation to prevent cyber defamation.

Foreign exchange sign in South Korea | By: Yung Yeon Je | Getty Images

Oct 10, 2015 AM EDT - Czarelli Tuason

The Number Of Foreign Companies In South Korea Has Reached 8,095 In 2014, Says The National Tax Service

South Korea's numerous free trade agreements with other countries and a growing market in logistics, manufacturing and service sectors have attracted foreign firms, increasing the country's foreign companies at 8,095 in 2014.

(Photo by: Justin Sullivan / Getty Images News) Automakers offer promotions and discounts to boost sales.

Oct 10, 2015 AM EDT - Diana Tomale

Korean And Japanese Automakers Offer Promotions To Increase Sales Amid Volkswagen Scandal

South Korean automakers such as Hyundai Motor and its affiliate Kia Motors are offering discounts to boost its sales. Also, Japanese carmakers like Toyota and Nissan offer promos to increase sales.

Former Korea Development Bank Daejeon branch. (Photo by Lawinc82)

Oct 26, 2015 PM EDT - Diana Tomale

Korea Development Bank To Sell 43 Percent Stake In Daewoo In Package With KDB Asset Management

An official from Korea Development Bank reveals that they will sell KDB Daewoo Securities in package with KDB Asset Manangement. The state-run bank owns 43 percent and 100 percent of Daewoo and KDB Asset and Management respectively.

Volkswagen sales in South Korea drop following emissions test cheating scandal. (Photo by Denis Doyle/Getty Images News)

Oct 20, 2015 PM EDT - Czarelli Tuason

Volkswagen’s September Sales In South Korea Is The Company's Weakest Following The Outbreak Of Diesel Emissions Scandal

A scandal broke out in September stating that Volkswagen has been installing emissions cheating software on their deisel vehicles since 2009, causing a nosedive on the company's Spetember sales.

Korea’s 1st PGA Tour

Oct 22, 2015 PM EDT - Diana Tomale

Korea's Largest Chemical Company LG Chem To Supply Lithium-Ion Batteries For Yamaha Motors' Golf Carts Until 2016

LG Chem will be the supplier of lithium-ion batteries for Yamaha Motors' golf carts until next year. Yamaha Motors is one the largest golf cart makers in the world.

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