Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Seoul alerts overseas missions to NK terror threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Foreigners may intervene in Samsung management after court ruling
Foreign stakeholders may expand their intervention in management decisions at Samsung Electronics Co. after a Seoul court found its vice chairman de facto leader guilty of bribery, market watchers warned Sunday.Foreign investors who collectively hold more than 50 percent stake in the world's largest smartphone manufacturer may demand the company's board of directors be replaced as Vice Chairman Lee Jae-yong on Friday was sentenced to five years in prison for bribery, embezzlement and other charg
MarketAug. 27, 2017
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BMW new 5 Series equipped with latest partial driverless features
German automotive company BMW on Sunday said its new seventh-generation 5 Series launched in Korea last February is the fruit of the carmaker’s cutting-edge partial self-driving technology. BMW Korea sold a total of 8,063 units of the new seventh-generation 5 Series between February and July this year, the company said. A partial self-driving system panel is located on the left of the steering wheel of the new seventh-generation 5 Series (BMW Korea)The 5 Series is BMW’s best-seller, with over 7.
MobilityAug. 27, 2017
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[Behind the Wheel] Range Rover Velar, SUV built for dynamic urban driving
Yeongjongdo, INCHEON -- Amid a worldwide sport utility vehicle boom, Jaguar Land Rover Korea, the local importer and distributor of Jaguar and Land Rover vehicles, is slated to add a fourth Range Rover SUV, dubbed Velar, to its lineup next month to offer one of its best on-road SUVs, the company said Sunday. The Range Rover Velar on roads in Yongjong Island, Incheon (Jaguar Land Rover Korea)The launch comes as Korean motorists’ demand for midsize SUVs has been on the rise.Germany luxury BMW, for
MobilityAug. 27, 2017
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Lotte Department Store brands integrated to 'Eliden'
The five private brands operated by Lotte Department Store will be rebranded under the umbrella brand Eliden, according to the retailer Sunday. An image of the new Eliden Home store to open in Lotte Department Store Jamsil Thursday. (Lotte Department Store)Since 2005, Lotte has been operating five private brands targeting various consumer sectors including young womenswear, contemporary womenswear, accessories, menswear and home design.Eliden, the first private brand launched by Lotte, will keep
IndustryAug. 27, 2017
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Women seek toxin-free sanitary pad alternatives
Women are seeking out toxin-free alternatives to disposable sanitary pads and tampons, as the government continues to struggle in providing clear answers about potential health risks associated with compounds found in existing products.The Ministry of Food and Drug Safety said Sunday that it had started conducting a study as of Friday on “all sanitary pads produced or imported in the past three years,” focusing on determining levels of volatile organic compounds.“Volatile organic compounds” is a
IndustryAug. 27, 2017
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GS Chairman urges 'agility' in changing business climate
The chief of GS Group on Friday urged the group‘s top executives to pursue "agility" in managing their teams in a rapidly changing business climate during a two-day meeting, officials said Sunday. GS Group Chairman Huh Chang-soo (GS)“GS must be able to pull forth its employees’ creativity and talent using stable and efficient processes,” GS Group Chairman Huh Chang-soo said at the 13th annual GS CEO Strategy Meeting held at the Elysian Gangchon in Gangwon Province on Friday.“Our organization mus
IndustryAug. 27, 2017
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[Kosdaq Star] Amotech rides high on electric auto part biz
This is the 40th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- EdAmotech’s unhindered rally over the past two weeks seemed to mark a successful consequence of the partmaker’s decadelong efforts to expand into the electric car part business. The company’s stocks listed on the second-tier Kosdaq market closed at 33,750 won ($29.96) on Friday, up 26.9 percent from two weeks prior and up 53.8 percent from the end of last year. The Frid
MarketAug. 27, 2017
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Fierce dispute expected at Samsung heir’s appeal
A fierce legal dispute is expected to extend this week following the Seoul Central District Court’s decision to sentence Samsung Electronics’ de facto leader Lee Jae-yong to a five-year prison term. During the weekend following the court ruling Friday that found the Samsung heir guilty of five major charges related to the corruption scandal of former President Park Geun-hye, Lee‘s legal team and the special counsel team respectively clenched their fists in preparation for the forthcoming appella
IndustryAug. 27, 2017
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[Monitor] Seoul‘s housing price lower than Beijing, Tokyo, Singapore
Seoul’s price to income ratio for housing this year was ranked 23rd among 267 major cities in the world, according to Numbeo, a global database of user contributed data on cities and countries. This was visibly lower than the figure in the Great China Region such as Shenzhen, Beijing, Shanghai, and Hong Kong.The PIR value for South Korea’s capital was 19.17, which means that it would take an average citizen the corresponding number of years save up to purchase a house.The most expens
EconomyAug. 27, 2017
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NK risk, jittery economic indicators to nudge BOK to freeze rates
Concerns over North Korean provocations and jittery economic indicators is expected nudge South Korea's central bank to freeze key rates for the foreseeable future, market watchers said Sunday.The predictions come as the Bank of Korea is set to convene a Monetary Policy Committee this week to deliberate the country's key rates.Initially, there was speculation that some members of the committee will express views of marking up rates in the future to reflect improvements in the overall economy fue
EconomyAug. 27, 2017
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Seoul restarts procedures to offer free, ultrafast Wi-fi in subway stations, cars
South Korea will kickstart procedures to install a free, ultrafast public Wi-Fi system within Seoul’s subways by 2019 this week, resuming the state-led project that had been pushed back over procedural transparency issues.The Seoul Metropolitan Government and the Seoul Metro Corp., which operates the city’s subway lines 1-8, is set to start accepting bids from companies for Seoul’s metro system telecom service improvement project from Monday.The government had initially sought to complete the pr
TechnologyAug. 27, 2017
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Netmarble Games steps up social contribution efforts
South Korean mobile game giant Netmarble Games is stepping up its social contribution efforts to foster a healthy gaming culture and development community in Korea. Netmarble currently operates 31 game culture experience centers across the country’s special education schools for the disabled as part of its 10-year-old social benefit program. It has also been holding an e-sports gaming tournament for disabled students since 2009. Last year, the Korean mobile gamemaker newly launched the “Netmarbl
TechnologyAug. 27, 2017
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ILO chief to visit Korea next month for forum on job creation
Guy Ryder, director-general of the International Labor Organization, plans to visit South Korea next month to attend a forum on labor, the Seoul city government said Sunday.It said Ryder plans to deliver a keynote speech at the forum on job-creation strategy and labor policy to be hosted by the Seoul Metropolitan Government on Sept. 5-6. The forum will bring together officials from 10 cities including New York and London and representatives from eight international organizations, it said.Ryder t
EconomyAug. 27, 2017
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LG expands AI partnership with Amazon further from Google
South Korea’s LG Electronics said Sunday its voice-activated artificial intelligence platform will expand connections further with Amazon, enhancing LG’s smart home environment with global partners. The company plans to unveil operations of its AI-based home appliance lineup being controlled by Amazon’s voice recognition speaker Amazon Echo at the upcoming tradeshow IFA 2017 that kicks off this Friday in Berlin, Germany. Amazon Echo runs based on its AI assistance program Alexa. The latest expan
TechnologyAug. 27, 2017
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Govt. animal quarantine agency acquires know-how to make bird flu vaccine
South Korea's animal quarantine agency said Sunday that is has acquired know-how to make its own bird flu vaccines.The Animal and Plant Quarantine Agency said that it has developed candidate vaccine materials for its "antigen bank" that targets the H5N6 and H5N1 strains of avian influenza. It said actual tests have already be carried out on chickens and that the results showed the materials met standards set by the Paris-based World Organization for Animal Health.The creation of candidate vaccin
TechnologyAug. 27, 2017
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China's consumer goods market promising for Korean firms: report
South Korean companies should find business opportunities in China's fast-growing consumer goods market that so far has been tapped mostly by cosmetic firms, an economic think tank said Sunday.A report from the Hyundai Research Institute estimated China's high-end consumer goods imports market to grow to $37 billion by 2020 as the population surpasses 1.4 billion and the per capita gross domestic product hops over $20,000 by then. The market already ranked 10th globally last year with $26.6 bill
EconomyAug. 27, 2017
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Hyundai develops automatic alarm system to better protect babies
Hyundai Motor Co., South Korea's biggest carmaker by sales, said Sunday it will develop a technology that can enhance the safety of babies left unattended in the backseat. The Korean carmaker plans to gradually incorporate the "rear-seat passenger alert system" to its vehicles starting next year. It said the same features will be applied to car made by its sister company Kia Motors Corp. This graphic image provided by Hyundai Motor Co. shows how its rear-seat passenger alert system works. (Yonh
MobilityAug. 27, 2017
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Samsung to unveil 3 high resolution office monitors at IFA
Samsung Electronics Co. said Sunday that it will unveil three high resolution monitors custom built for the office enviornment at the upcoming global consumer electronics and home appliances exhibition in Berlin.The tech giant said the quad high definition and full high definition sets will make an appearance at the Internationale Funkausstellung Berlin that runs Sept. 1-6 in the German capital.The largest of the trio -- the CH89 model -- will have a 34-inch curved 21:9 screen aspect ratio scree
TechnologyAug. 27, 2017
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Korea's animal quarantine agency develops diagnosis kit for FMD
South Korea's animal quarantine agency said Sunday that its has developed the world's first diagnosis kit that can simultaneously check three different types of foot-and-mouth disease strains.The kit is able to detect the O, A and Asia 1 serum types of the highly contagious disease that affects all cloven-hoofed animals such as cattle, pigs, deer, goats, Animal and Plant Quarantine Agency said. It said the latest kit can tell if an animal has been infected within 15 minutes. FMD is classified as
TechnologyAug. 27, 2017
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Sale of luxury SUVs grows in Korea
The sale of luxury sport-utility vehicles is on the rise in South Korea as an increasing number of local customers choose recreational vehicles over sedans, industry data showed Sunday. The global SUV market has grown rapidly in recent years, with the ratio of SUVs accounting for 25 percent of total vehicle sales in 2016, up from 17 percent in 2012, according to data from the Korea Automobile Importers and Exporters Association.In South Korea, the SUV ratio also jumped to 41 percent last year fr
MobilityAug. 27, 2017