Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Pandemic left Korea more depressed than before: report
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
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State pension fund raises stakes in domestic-focused stocks
South Korea's state pension fund has raised its presence in domestic-focused stocks in the second quarter as major exporters underperformed the broader market amid growing uncertainties in the global economy, data showed Monday. The National Pension Service, the nation's biggest institutional investor, newly bought or purchased more stocks with greater exposure to domestic spending in the April-June period, particularly increasing bets in consumer staples, pharmaceuticals, clothing and media, ac
July 13, 2015
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Tobacco tax revenue jumps 38% in H1
Tax revenue from tobacco sales grew 38 percent in six months after the government-led tobacco price hike, while the sales volume dropped considerably, the Finance Ministry data revealed Sunday. In the January-June period, the government collected about 4.3 trillion won ($3.8 billion) in tax revenue from tobacco sales, up 1.2 trillion won from a year earlier. During the same period, cigarette sales dropped 28.3 percent due to the drastic tobacco tax hike that started on Jan. 1. After the new ciga
IndustryJuly 12, 2015
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JTI launches neon Camel
Camel Color Neon Edition. (JTI Korea)Japan Tobacco International Korea on Sunday launched the latest limited edition of Camel in iconic neon packing designs. Camel Color Neon Edition comes in four neon colors ― blue, yellow, pink and green and dark blue ― under the slogan “As bold as you want.”“Camel Color Neon Edition will provide opportunities for creative self-expression with Camel’s classic smooth taste and high-quality tobacco at a reasonable price,” JTI Korea’s manager said.“Whether you ar
IndustryJuly 12, 2015
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Ssangyong CEO raises hope for turnaround in 2016
INJE, Gangwon Province -- Top management of Ssangyong Motor, the South Korean unit of India‘s Mahindra & Mahindra, has recently expressed hope for a turnaround next year, setting the detailed sales target. "Despite difficulties and challenges ahead in overseas markets, I expect the company will be able to achieve a turnaround next year by selling 170,000 to 180,000 units,’’ said Choi Johng-sik, CEO of Ssangyong Motor focusing on SUVs. Ssangyong Motor CEO Choi Johng-sikHe made the projection at
MobilityJuly 12, 2015
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Retail, tourism industries step up efforts to attract overseas tourists
South Korea’s tourism and retail industries are pulling out all stops to bring back tourists as the Middle East respiratory syndrome death toll remains flat with no new cases recently.(Yonhap)In order to revive the markets hit hardest by the MERS outbreak, the tourism, aviation and retail industries are working together to win back Chinese and Japanese tourists by holding events and inviting foreign tourism officials to ease worries and revive interest in Korean tourism.South Korea’s second larg
IndustryJuly 12, 2015
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LG Uplus to set direction for 5G era at MWC Shanghai
South Korean mobile carrier LG Uplus will present a glimpse into the future of information and communications technology during Mobile World Congress Shanghai 2015, a mobile trade show which is slated to kick off in the Chinese city on Wednesday. Scheduled to deliver a keynote speech, themed “the Road to 5G,” at the trade show, LG Uplus chief executive Lee Sang-chul will explain the firm’s initiative, dubbed “Me-Centric,” to place focus on telecommunications services tailored for individual use
TechnologyJuly 12, 2015
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[Photo News] BMW introduces New S100 XR
BMW Motorrad launched the New S1000 XR, the first “adventure sports” bike for BMW. It is facilitated with the four-cylindrical engine boasting 160 horsepower at 11,000 rpm and can be driven in “Dynamic” and “Dynamic Pro” modes. The BMW new S1000 XR is priced from 26.2 million won ($23,100).
MobilityJuly 12, 2015
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[Photo News] Volvo releases FL truck
Volvo Truck Korea launched its Volvo FL series for the first time in Asia, aiming at selling more than 4,000 units a year by 2020. The truck is facilitated with the 280 horsepower-D8K “Euro 6” engine, which allows powerful yet stable performance at the 950-1,700 rpm.
MobilityJuly 12, 2015
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[Photo News] Mercedes-Benz releases New Generation B200 CDI
Mercedes-Benz Korea launched the new generation B200 CDI, an upgrade of the second-generation B-class with an engine that abides by the upcoming Euro 6 carbon emission regulations. Its engine boasts a maximum of 136 horsepower and a maximum torque of 30.6 kilogram-meters.
MobilityJuly 12, 2015
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[Photo News] Peugeot releases 2008 LED Track
Peugeot released its 2008 LED Track edition, a special model of its bestselling SUV, 2008. An LED track light was adjusted on the interior roof for the limited edition, with only 100 units available for sales here. Prices start from 28.5 million won ($25,200).
MobilityJuly 12, 2015
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Government recalls 550 Sunlong buses
The Ministry of Land, Infrastructure and Transport on Thursday issued a recall order on a total of 550 units of Sunlong Duego buses by Sunlong Bus Korea. The authorities said the bus, imported from the Chinese headquarters, failed to meet five safety regulations. According to the report, the bus‘ speed limit controller exceeded the 110 kilometers per hour regulation while the color of the turn signal indicator was red rather than yellow. While Korean regulations bind seat belts to hold the pelvi
MobilityJuly 12, 2015
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Skoda Rapid worth waiting for in Korean market
I enjoyed the chance to drive a diesel Skoda Rapid S during my trip to Greece last month. A worker at Enterprise, a rent-a-car company, recommended this car after learning that I would be driving through the country with my parents. We drove about 1,400 kilometers, from Athens to Corinth, then to Delphi, Kalabaka, Thessaloniki and all the way back to Athens in five days. I wasn’t aware of it at the time, but hadn’t it been for the strong-hearted car, driving through the mountainous country would
MobilityJuly 12, 2015
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Samsung leads Chinese smart TV market for 10 quarters
Samsung Electronics, which leads the global TV market, scored first in China’s smart TV market for 10 quarters in a row, data showed Sunday.According to market research institute GfK, Samsung Electronics was in the lead with 20.8 percent of market share in the Chinese smart TV market in the second quarter this year.Following closely behind are China’s Hisense with 14.1 percent of the market share, as well as China’s Skyworth and Japan’s Sharp, which each have 11.8 percent of total market share.S
IndustryJuly 12, 2015
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[Photo News] Cashback promotion for premium TV
CASHBACK PROMOTION FOR PREMIUM TV -- LG Electronics holds a cashback event for its organic light emitting diode and ultra-high definition TVs through this month, in which consumers can receive up to 2 million won ($1,800) cash back. LGECASHBACK PROMOTION FOR PREMIUM TV -- LG Electronics holds a cashback event for its organic light emitting diode and ultra-high definition TVs through this month, in which consumers can receive up to 2 million won ($1,800) cash back. LGE
TechnologyJuly 12, 2015
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[Photo News] Star Wars on video on demand
STAR WARS ON VIDEO ON DEMAND -- South Korea’s leading mobile carrier KT holds the “Star Wars Character Day” over the weekend at the Suwon Baseball Stadium in Suwon City to celebrate the launch of the video-on-demand service for the Star Wars series of films. KTSTAR WARS ON VIDEO ON DEMAND -- South Korea’s leading mobile carrier KT holds the “Star Wars Character Day” over the weekend at the Suwon Baseball Stadium in Suwon City to celebrate the launch of the video-on-demand service for the Star Wa
TechnologyJuly 12, 2015
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SMEs should set up industrial park in China for NK ties
South Korea's small and medium enterprises should try to create an industrial park in northeastern China to bypass international sanctions and expand business ties with North Korea, a state-run think tank said Sunday.In its latest report on the North Korean economy, the Korea Development Institute said Pyongyang has been sending more workers to China to earn more hard currency, which local companies can capitalize on.North Korea's dispatch of workers to China has increased since Seoul blocked al
IndustryJuly 12, 2015
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S. Korea's exports to Europe may fall 5.8 pct on 'Grexit'
South Korea is expected to suffer a 5.8 percent drop in its exports to Europe from the economic impact of Greece's possible exit from the eurozone, or the "Grexit," a trade agency said Sunday, although the consequences will not be as serious as the eurozone crisis in 2010."If the Grexit happens, the eurozone's economy growth will fall 1 percentage point and the South Korean won will add 13.6 percent against the euro. This will lead to a 5.8 percent drop in exports," said Korea International Trad
July 12, 2015
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SK Telecom joins int'l alliance to tap deeper into IoT
South Korea's top mobile giant SK Telecom Co. said Sunday it has joined an international alliance for low-power networks to tap deeper into the Internet of Things industry.SK Telecom said it became the first Asian member of the LoRa Alliance, a non-profit organization that aims to develop standards for the so-called Low Power Wide Area Networks technology, which can be utilized in developing IoT-related products.IoT is a concept in which all tangible objects are connected to the Internet and can
IndustryJuly 12, 2015
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Six S. Korean banks make global top 100: report
Six South Korean banks made the global top 100 banks list, a Britain-based financial industry tracker said Sunday, although none of them were included in the top 50 bracket.In Asia's fourth-largest economy, KDB Financial Group, KB Financial Group, Shinhan Financial Group, Hana Financial Group, Woori Financial Group and Nonghyup Financial Group placed in the top 100, the data compiled by The Banker showed.KDB Financial outpaced other South Korean rivals at 62nd, up 16 notches from a year earlier.
July 12, 2015
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Analysts revise down Samsung Electronics' Q3 earnings
Analysts revised down Samsung Electronics Co.'s third-quarter earnings outlook, industry sources said Sunday, as South Korea's top tech giant Samsung Electronics Co. is anticipated to continue posting weak handset sales.Samsung Electronics's third-quarter earnings are estimated at 7.23 trillion won ($6.39 billion), according to the data compiled from 19 local brokerage houses by market tracker FnGuide. It marked a 3.27 percent drop from the same research conducted before the announcement of seco
IndustryJuly 12, 2015