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Hyundai adopts 3rd-generation platform, starting with revamped Sonata

Hyundai Motor has developed a third-generation platform and used it for the all-new Sonata, set to be launched later this month here, the company said Wednesday. By using ultra-strength and hot-stam...

Mar 13, 2019
Automode
Hyundai Mobis to invest W5.5b in Chinese AI startup

South Korean auto part maker Hyundai Mobis will invest 5.5 billion won ($4.86 million) in DeepGlint, a Chinese startup developing 3D image analysis and pattern recognition technologies. The company ...

Mar 13, 2019
Automode
Construction projects worth W12.6tr to break ground this year: govt

Ministry adds fuel to private investment plans to revitalize domestic economy

Mar 13, 2019
Economy
[Advertorial] LG Chem aims to become global top 5 chemical firm

LG Chem was the first South Korean company to be named as one of the top 10 chemical companies in a magazine published by American Chemical Society last year, demonstrating its business capability an...

Mar 13, 2019
Industry
[News Focus] Lotte seeks to exit China after investing $7.2b

Despite its hefty investments in China over the years, Lotte Group appears to be seeking a complete departure from the market that was once highly lucrative, after failing to recover from a boycott c...

Mar 13, 2019
Industry
[Advertorial] Eximbank hosts meeting of inter-Korean advisory committee

The Export-Import Bank of Korea held a meeting of its advisory committee on inter-Korean exchanges on Wednesday, the agency said, to discuss the outcome of the recent US-North Korea summit in Hanoi. ...

Mar 13, 2019
Economy
K-pop stocks waver on ‘Seungri scandal’

Hit by the snowballing sex scandal surrounding an ex-member of boy band Big Bang, shares of major K-pop management agencies in South Korea have been wavering this week. Share prices of the Kosdaq-li...

Mar 13, 2019
Finance
Galaxy S10 shipments to be 20 million in H1

Samsung Electronics is expected to ship out a total of 20 million Galaxy S10 series phones within the first half of this year, industry sources said Wednesday. If they are correct, the series will ac...

Mar 13, 2019
Technology
With rise of online banking, number of bank employees in Korea drops 9.2% over two years

The number of employees in South Korea’s banking-finance industry declined 4 percent over a recent two-year period, in part due to the latest expansion of internet-based banking services, according t...

Mar 13, 2019
Finance
Shinhan, Samsung, Lotte Card accept Hyundai’s fee hike offer

Hyundai Motor’s card transaction fee negotiations with Shinhan Card, Samsung Card and Lotte Card are nearing a conclusion, as the three card providers have agreed to accept a fee increase rate propos...

Mar 13, 2019
Finance
Daewoong’s Nabota to enter phase 3 clinical trials in China in H2

Daewoong Pharmaceutical’s botulinum toxin treatment Nabota will enter the final phase of clinical trials in China in the second half of this year, the firm said Wednesday. Daewoong said it gained Ch...

Mar 13, 2019
Industry
LPG vehicles to be allowed for everyone in Korea

Under legislation passed Wednesday morning, anyone in South Korea can now buy a liquefied petroleum gas-fueled vehicle. Previously, only taxis and rental cars could use LPG fuel. The bill, proposed ...

Mar 13, 2019
Industry
S. Korea's jobless rate rises to 4.7% in February

South Korea's jobless rate rose to 4.7 percent in February despite the increased pace of hiring, government data showed Wednesday, in the latest sign of an economic slowdown in Asia's fourth-largest ...

Mar 13, 2019
Economy
EU confirms S. Korea’s exclusion from tax haven blacklist

The European Union confirmed its decision to exclude South Korea from its tax haven blacklist, acknowledging the country’s efforts throughout last year to improve transparency in foreign investment, ...

Mar 12, 2019
Economy
LG to support schools with 10,000 air purifiers amid fine dust pollution

South Korea’s LG Group will provide 10,000 air purifiers at elementary, middle and high school across the country free of charge amid the continued high levels of fine dust blanketing the country, th...

Mar 12, 2019
Industry

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