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[Advertorial] KDB Foundation begins 2017 art education for marginalized kids

The state-run Korea Development Bank said Tuesday its KDB Foundation has begun its annual art education project for elementary school children in low-income households, as part of its long-term social...

Updated : 2017.06.27 18:32

More jobs to come with Hyundai Motor’s US expansion

Despite the slowing sales and heated competition in the US auto market, Hyundai Motor plans to increase its investment there in the next five years, with its expanding operations forecast to impact th...

Updated : 2017.06.27 18:32

Samsung boosts investment in Austin chip plant for 4th industrial revolution

South Korea’s tech giant Samsung Electronics is preparing for the “fourth industrial revolution” by mass producing faster and more efficient chips for smart and connected devices with always-on dis...

Updated : 2017.06.27 18:18

Posco retains most competitive steelmaker title for 8th year

Posco was named this week as the world’s most competitive steelmaker for the eighth consecutive year, the company said Tuesday, with the leading South Korean steel producer poised to take over the gl...

Updated : 2017.06.27 18:14

Consumer sentiment index hits 6-year high

The Composite Consumer Sentiment Index in South Korea hit a new high for the last six years and five months, data showed Tuesday. The CCSI reached 111.1 in June, up 3.1 points from the previous month,...

Updated : 2017.06.27 17:09

Jeju Air to open Nha Trang route in July

Jeju Air Co., a South Korean low-cost carrier, said Tuesday it will start flights to Vietnam's Nha Trang starting next month.The route is the latest move by the budget carrier to expand into Southeast...

Updated : 2017.06.27 16:51

Galaxy S8 Plus tops Consumer Reports ranking in battery life

Samsung Electronics’ new flagship smartphone Galaxy S8 Plus topped Consumer Reports’ latest ranking on smartphone battery life. It is welcome news for the Korean tech giant, which suffered a setback...

Updated : 2017.06.27 16:31

Proposed legislation seeks equal taxes for heated tobacco products

A new bill seeking to apply equal taxes to heated tobacco products as those imposed on combustible cigarettes in Korea was introduced to the National Assembly earlier this month, claiming that all har...

Updated : 2017.06.27 16:30

LG makes major push into energy, automobiles in the US

LG Group is making a major push into energy storage and automotive electronics in the US market in seeking the group’s next growth engine. LG’s tech arms, LG CNS, LG Chem and LG Electronics, have re...

Updated : 2017.06.27 16:27

Seoul stocks close at all-time high for 2nd session

South Korean stocks closed at an all-time high Tuesday for a second straight session, helped by a net purchase by retail investors. The Korean won rose against the US dollar.The benchmark Korea Compos...

Updated : 2017.06.27 16:20

Kepco to begin operating EV charging stations

South Korea‘s state-run utility provider Korea Electric Power Corporation said Tuesday that it will begin operating its 1,560 electric vehicle charging stations in the nation starting on July 3.Of th...

Updated : 2017.06.27 16:13

Investigation against LNG bidding collusion to wrap up next month

The Seoul Central District Prosecutor’s Office announced Tuesday it is speeding up its investigation into alleged large-scale collusion among Korea’s major construction companies, which are suspecte...

Updated : 2017.06.27 15:23

Financial firms on guard for cyberattack threats

Banks and other financial institutions in South Korea have been on guard over threats of cyberattacks by alleged financial blackmailers, according to the banks and financial institutions on Tuesday. N...

Updated : 2017.06.27 14:58

Think tank revises up 2017 growth forecast for Korean economy to 2.8%

A state-run think tank on Tuesday revised up its 2017 growth forecast for the South Korean economy by 0.3 percentage point to 2.8 percent on the strength of global trade and eased uncertainties at hom...

Updated : 2017.06.27 14:57

Samsung to release refurbished Galaxy Note 7 on July 7

Samsung Electronics Co. plans to release the refurbished edition of the ill-fated Galaxy Note 7 smartphone next month, industry sources said Tuesday.According to the sources, Samsung will release the ...

Updated : 2017.06.27 14:55