The steel industry has been the backbone of economic development in much of the world. Both North and South Korea, since their independence in 1945 from Japan, have pursued an economic development strategy centered on heavy industrialization, including...

When South Korea gained its independence in 1945, the country had no workable resources or capital except for its unemployed illiterate population. Even before the euphoria at independence had faded away, people found themselves in turmoil, followed by...

The economy of South Korea is developed and the 3rd largest in Asia and the 10th largest in the world, in terms of nominal GDP as of 2006. In the aftermath of the Korean War, South Korea grew from being one of the world's poorest countries to one of the...

North Korea on Wednesday proposed a resumption of humanitarian projects at the first high-level talks with South Korea in the wake of Pyongyang's nuclear test, heralding renewed reconciliation between the Koreas after the North pledged to dismantle its atomic program.Further details were not immediately given...

American workers stay longer in the office, at the factory or on the farm than their counterparts in Europe and most other rich nations, and they produce more per person over the year.They also get more done per hour than everyone but the Norwegians, according...