Korea Grand Sale 2017 kicks off

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Korea aims for more biotech firms with W100b revenue in 2017

South Korea’s main biotechnology business body is looking to work in conjunction with the government to foster at least 10 local biotech companies with revenue of more than 100 billion won ($85.03 mi...

Updated : 2017.01.22 14:32

CJ CheilJedang aims for W1tr in dumpling sales by 2020

INCHEON -- South Korean food manufacturer CJ CheilJedang said Friday that it aimed to become the world leader in dumplings, expanding its global presence through its Bibigo dumpling lines.At an Innova...

Updated : 2017.01.22 14:31

Samsung seeks arbitration over panel supply halt

Samsung Electronics South Korea's tech giant, has filed a request for international arbitration against Sharp Corp. of Japan and two other panel makers, seeking US$492 million in compensation that it claims to be suffering from due to their halting of LCD panel supply, industry sources sai...

Updated : 2017.01.20 21:35

Korea to sell W7.5t worth of state bonds in Feb.

South Korea plans to sell 7.5 trillion won ($6.4 billion) worth of state bonds next month, the finance ministry said Friday.The government will issue 1.7 trillion won worth of bonds with a maturity of...

Updated : 2017.01.20 17:46

[Weekender] Snacking goes hybrid

Whether you have a sweet tooth or cravings for all things savory, snacking options in South Korea were limited until recently. Riding on the health-conscious trend, sugar-loaded sweets are evolving i...

Updated : 2017.01.20 16:36

LG Group celebrates 70th anniv., aims to overhaul core businesses

LG Group Chairman Koo Bon-moo told the group's top executives that overhauling core businesses and finding next-generation drivers of growth are the top priority for the nation's second-largest conglo...

Updated : 2017.01.20 16:08

[Weekender] Exports boost Korean confectionary growth

In South Korean’s confectionary industry, Orion’s Choco Pie, Lotte Confectionery’s Xylitol and Pepero as well as Nongshim’s shrimp crackers are all superstars. They are members of the so-called “...

Updated : 2017.01.20 16:00

[Weekender] Nostalgic snacks that still tantalize the Korean palate

Remember the honey butter chip craze? Potato chips flavored with honey and butter were inarguably the greatest hit in South Korea’s confectionary market in 2015. People had lined up in supermarkets i...

Updated : 2017.01.20 15:53

Toshiba’s chip spin-off to narrow gap with Samsung: Mirae Asset

Toshiba’s possible spin-off of its chip business will narrow the technology and market share gap with its bigger rival Samsung Electronics, Mirae Asset Daewoo Securities predicted Friday. Toshiba, wh...

Updated : 2017.01.20 15:30

New head of Korean Air vows stability

The new chief of South Korea's largest flag carrier Korean Air said Friday that he will focus on continuing what has been working for his company rather than initiating changes."I have no plan to over...

Updated : 2017.01.20 15:17

Korea to impose anti-dumping duties on Chinese offset printing plates

South Korea is set to impose anti-dumping duties on Chinese-made aluminum plates for offset printing, the trade commission here said Friday, amid rising trade tensions between the two countries.After ...

Updated : 2017.01.20 15:11

Korea introduces 24-hour capsule hotel at Incheon airport

Small but fully equipped and furnished rooms will begin accommodating passengers at South Korea's Incheon International Airport, providing a private and comfortable place to rest at the bustling airpo...

Updated : 2017.01.20 14:45

Korean economy put to test in Trump era

South Korea’s withering economy will be put to the test with US President Donald Trump officially taking office at the White House on Friday.Especially when most chiefs of Korean conglomerates are be...

Updated : 2017.01.20 14:39

[NEWS FOCUS] Challenges ahead for new chief of Shinhan Financial

Shinhan Bank CEO Cho Yong-byoung, who was nominated as new chairman of Shinhan Financial Group Thursday, faces mounting challenges including retaining the No. 1 post in the fiercely competitive local ...

Updated : 2017.01.20 14:36

Kia begins All New Morning sale with over 4,000 on waitlist

Since launching its presale period on Jan. 4, Kia’s All New Morning compact smart car has landed more than 4,000 contracts in two weeks, the company announced Friday.  Officially released to the pub...

Updated : 2017.01.20 14:14