Most Popular
-
1
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
2
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
3
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
4
DP leader says he will meet Yoon without conditions
-
5
First-ever meeting of president, opposition chief set to finally happen
-
6
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
7
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
8
Experts raise concerns about Japan putting pressure on Naver over Line
-
9
Samsung mobile chief, Google device head meet in Seoul
-
10
Ship linked to NK arms shipments to Russia is moored in China: State Dept.
-
[Photo News] SKT joins hands with Dongbu Daewoo Electronics for smart home tech
COLLABORATION FOR SMART HOME -- Cho Young-hoon (left), head of SK Telecom‘s smart home TF, and Kim Hyeog-pyo, vice president of Dongbu Daewoo Electronics, pose at the signing ceremony of a memorandum of understanding in Seoul on Tuesday. The mobile carrier and the electronics maker will work together to launch home appliances which can be remotely controlled by SKT’s smartphone apps. (SKT)
TechnologyDec. 15, 2015
-
Ford Motor executive named new AMCHAM Korea president
The American Chamber of Commerce in South Korea said Tuesday it has appointed the outgoing vice president of Ford Motor Company Korea as its new president. John Schuldt will serve as the new president of AMCHAM Korea starting Jan. 7, replacing current chief Amy Jackson. Schuldt has served as vice president and chief marketing officer of Ford Motor Korea for three years and is set to step down from his position later this year. AMCHAM was founded in 1953 to expand investment and trade between
IndustryDec. 15, 2015
-
GM Korea to receive early retirement applications
GM Korea Co., the local unit of U.S. carmaker General Motors Co., announced a voluntary retirement program for its employees Tuesday as it pushes to enhance business efficiency and cut costs amid lackluster sales. The automaker said it will receive applications for voluntary retirement from its office workers for 10 days from Jan. 4-13. "We have decided on the voluntary retirement program as part of efforts to secure corporate competitiveness, organizational agility and efficiency," the compa
IndustryDec. 15, 2015
-
Korea to make hydrogen cell cars more affordable, fuel demand
South Korea will fuel demand for hydrogen cell cars by making them more affordable and building up necessary infrastructure, the government said Tuesday. The plan aims to bring down prices of fuel cell electric vehicle from around 85 million won ($71,900) as of early this year to around 30 million won in 2018, that will give it price competitiveness vis-a-vis conventional vehicles, the Ministry of Trade, Industry and Energy said. This it said can help Asia's fourth largest economy reduce the a
TechnologyDec. 15, 2015
-
LG Uplus rolls out Huawei's budget smartphone in Korea
South Korea's No. 3 mobile carrier LG Uplus Corp. said Tuesday that it will exclusively distribute a budget smartphone released by China-based Huawei, a move that may signal a further setback for local manufacturers already facing challenges from Chinese brands. The Y6 smartphone, which comes with a price tag of 154,000 won ($130.2), can be free if a user subscribes to a monthly plan of 30,000 won or higher, LG Uplus said. The 5-inch smartphone comes with a 2,200 mAh removable battery along wi
IndustryDec. 15, 2015
-
Seoul shares nearly flat in late-morning trade
South Korean stocks traded nearly flat late Tuesday morning as investors remained cautious ahead of a key Fed policy meeting, analysts said. The benchmark Korea Composite Stock Price Index added 0.34 point, or 0.02 percent, to 1,928.16. Local shares started 0.38 percent higher following the overnight gains on Wall Street buoyed by a rebound in oil prices. But the index pared its earlier gains as investors were nervously awaiting the rate decision by the Fed.The U.S. central bank is widely e
Dec. 15, 2015
-
Property deal app draws 38 bln won from Goldman Sachs
Zigbang Co., South Korea's top real estate info application, said Tuesday it has attracted a 38 billion won ($32 million) investment from a Goldman Sachs-led consortium. Founded in 2012, Zigbang links real estate agents and renters using a mobile-based platform that utilizes the global positioning system. It had over 10 million downloads as of October, listing more than 2.5 million properties for rent or sale and over 5,000 real estate agents. Zigbang said it will use the fund to expand new
IndustryDec. 15, 2015
-
Hyundai Motor to unveil full-change version of Grandeur in late 2016
Hyundai Motor Co., South Korea's largest carmaker, will unveil its full-change version of the popular Grandeur large-size sedan in the second half of next year, industry sources said Tuesday. The Grandeur has not been completely modified in terms of its power trains and designs since 2011 when its fifth-generation was launched. The sources close to the matter told the English division of Yonhap News Agency that Hyundai Motor will unveil the sixth-generation of the Grandeur in the second half o
IndustryDec. 15, 2015
-
Auto sales to shrink in South Korea next year, but foreign brands keep advancing: report
Car sales in South Korea are expected to contract for the first time in three years in 2016 with foreign brands likely to keep expanding their market share, a report by Hyundai Motor Group's think tank showed Tuesday. Carmakers -- foreign and local brands -- are expected to sell about 1.76 million units in South Korea next year, down 1.3 percent from this year's estimated 1.78 million units, according to the report obtained by the English division of Yonhap News Agency. The report was compiled
IndustryDec. 15, 2015
-
Hyundai's Aslan sedan picked as Korea's safest car in 2015
Hyundai Motor Co.'s full-sized, luxury sedan Aslan has been picked as the safest car in South Korea for 2015, the government said Tuesday. According to the Ministry of Land, Infrastructure and Transport, the Aslan, first launched in 2014, received the highest marks in terms of passenger safety in the event of a collision, maximum protection for pedestrians, driving safety and accident prevention features. The Aslan, built on the Grandeur-Azera platform, is designed mainly for the domestic mark
IndustryDec. 15, 2015
-
Samsung takes patent war with Apple to Supreme Court
Samsung Electronics asked the U.S. Supreme Court on Monday to reduce $548 million in damages it was ordered to pay Apple in a lengthy court battle over allegations that it copied designs of the iPhone. The appeal came after Samsung agreed earlier this month to pay the total damages, saying it expects to be reimbursed depending on its appeals to the Supreme Court. In the latest appeal, Samsung is seeking to knock $399 million off the total amount. "A patented design might be the essential feat
IndustryDec. 15, 2015
-
Korean chipmakers' share in global DRAM market hits record high
South Korean chipmakers garnered a record-high share in the global market for dynamic random access memory chips in the third quarter, data showed Tuesday, further widening the gap with other global rivals. Samsung Electronics Co. took up 45.9 percent of the global DRAM market in the July-September period, up 3.6 percentage points from a year earlier, the data compiled by industry tracker IHS showed. With Samsung's local rival SK hynix Inc. also taking up 27.6 percent of the market in the thir
IndustryDec. 15, 2015
-
Seoul shares start higher on U.S. gains
South Korean stocks started higher Tuesday tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 7.25 points, or 0.38 percent, to 1,935.07 in the first 15 minutes of trading. The Dow Jones industrial average rose 0.6 percent on Monday and the Nasdaq index picked up 0.4 percent on the back of the reverse in oil prices from last week's rout. Tech firms and pharmaceuticals led the gains in the local market, with market bellwether Samsung Electronics surg
Dec. 15, 2015
-
Seoul logs trade surplus for 46th straight month in Nov.
South Korea posted a trade surplus for the 46th month in a row in November as imports dropped at a much faster pace than exports, customs data showed Tuesday. According to data from the Korea Customs Service, the country's trade surplus reached a record high of $10.32 billion last month, up nearly two-fold from the $5.26 billion reported a year earlier. The total was also up sharply from the $6.6 billion reported for October. Exports were down 4.8 percent on-year to $44.38 billion last month,
Dec. 15, 2015
-
Ssangyong, union likely to settle 6-year dispute
Ssangyong Motor’s management and labor union have reached a tentative agreement to rehire a group of dismissed workers, a move widely seen here as a major breakthrough to end their six-year labor dispute. “The company took a critical step to end the prolonged labor conflict,” a company official said Monday. The agreement was made during tripartite talks among Ssangyong CEO Choi Johng-sik, union leader Hong Bong-seok and Kim Deuk-jung, a representative from the Korea Metal Workers’ Union. Kim has
MobilityDec. 15, 2015
-
Korean economy mired in growing debt, slowing exports
In a meeting with reporters last week, Finance Minister Choi Kyung-hwan dismissed warnings that the Korean economy may be facing its worst ever conditions as exaggerated.“Some have said our economy is heading toward a grave crisis, but all data are showing Korea is doing better than most of its peer countries under difficult situations,” he said.Choi, who concurrently serves as deputy prime minister for economic affairs, argued that if exports had not fallen, Asia’s fourth-largest economy could
Dec. 14, 2015
-
[Photo News] Samsung smartwatch hits shelves
cap-SKT Samsung GearSAMSUNG SMARTWATCH HITS SHELVES -- Korea’s No. 1 mobile carrier SK Telecom said Monday it has exclusively launched Samsung Electronics’ Gear S2 Band Classic, a standalone smartwatch that enables users to send text messages and make calls without being paired to a handset. (SKT)
TechnologyDec. 14, 2015
-
Yum may sell Pizza Hut Korea
Yum Brands is reportedly exploring the sale of Pizza Hut Korea after the Korean unit converted its self-operated outlets to franchised stores and cut thousands of jobs, sources said Monday.There has been wide speculation after Pizza Hut Korea’s labor union said that the Kentucky-based franchise giant is seeking to sell a master franchising license to a third party company. Yum owns fast food restaurant chains like Pizza Hut, KFC and Taco Bell. “The company is laying the groundwork for its master
IndustryDec. 14, 2015
-
[Photo News] LG oven range recognized for innovation
LG OVEN RANGE RECOGNIZED FOR INNOVATION --LG Electronics said Monday its premium oven range, dubbed the LG Studio, had been picked as the 2015 Product of the Year in the kitchen and bath category by leading U.S. monthly magazine Architectural Record. (LGE)
TechnologyDec. 14, 2015
-
FTC issues ‘cosmetic surgery warning’
Last year, Lee Min-ji (not her real name) decided to undergo fat grafting to her forehead and cheeks at a cosmetic surgery hospital in Seoul. Two months later, she began to feel palpable bumps in the areas where she had received surgery. The cause was calcification -- a hardening of the skin tissue that sometimes occurs when high amounts of fat are concentrated in one area. As she was neither informed about the details of the surgical procedure nor its potential side effects prior to her surgery
IndustryDec. 14, 2015