Most Popular
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Samsung under pressure after Intel's foundry spin-off: analysts
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Yoon leaves for Prague to cement nuclear energy push
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Heavy rain to fall nationwide over weekend, but warmer fall expected
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Seoul chastises predatory pricing claims over Czech nuclear export deal
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YouTuber under fire for consoling former singer accused of bullying
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NK newspaper 'unusually' silent on new missile tests: Seoul
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Samsung CEO introduces ‘bold growth’ as new target
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Bank of Korea eyes rate cut after US Fed's historic pivot
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3 suspects apprehended for selling celebrity deepfake porn: police
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Hyundai Motor officially becomes KT’s largest shareholder
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Brokerages spend W100b on entertaining clients
South Korea’s brokerage houses annually spend more than 100 billion won ($92 million) on wining and dining their clients, Financial Supervisory Service data showed on Tuesday. In a single business day, about 400 million won worth of meals and entertainment expenses are signed off for entertaining cl
Sept. 13, 2011
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European funds unload stocks, bonds on Seoul market: data
European funds valued at about 5.5 trillion won ($5 billion) are estimated to have pulled out of South Korea’s stock and bond markets since August according to the country’s financial regulators’ data, underscoring the volatile sentiment gripping jittery investors.The sell-off came after the histori
Sept. 13, 2011
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Brokerages lack financial health
Data shows Korean firms lag behind foreign rivals in soundnessKorean securities firms are of weak financial soundness compared to foreign brokerage houses in Korea, a regulatory report has shown.Data from the Financial Supervisory Service showed Tuesday that 42 local brokerages posted an average net
Sept. 13, 2011
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K5 hybrid listed in Guinness Book
Kia Motors said Tuesday that the hybrid-version of the K5, or Optima in the U.S., was registered in the Guinness Book of Records by recently posting about 27.5 kilometers per liter in fuel efficiency.Starting Aug 26, the automaker carried out a challenge driving of the sedan for 12,710 kilometers fo
MobilitySept. 13, 2011
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Electric cars strut their stuff in Frankfurt Motor Show
The IAA Frankfurt Motor Show, kicking off Thursday, will pit the latest electric cars equipped with the best environmental credentials and designs. High-end brands including BMW, Audi and Volkswagen will showcase the next-generation cars at one of the largest motor shows in the world held biannually
MobilitySept. 13, 2011
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LG Poland cluster: Electronics giant’s EU hub
Korean conglomerate’s industrial complex reflects chairman’s commitment to growth synergy in overseas projectsWROCLAW, Poland ― About 300 kilometers to the southwest from Poland’s capital Warsaw is a large LG cluster in the heart of a special economic zone in Wroclaw, one of the main cities in this
IndustrySept. 13, 2011
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Buffett adds investment exec as part of succession
OMAHA, Nebraska (AP) -- Berkshire Hathaway has hired a second hedge fund manager to help run the company's investment portfolio and prepare for what it described as the eventual retirement of 81-year-old billionaire Warren Buffett.Berkshire said Monday that Ted Weschler will join the Omaha-based com
Sept. 13, 2011
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Wayward penguin 'Happy Feet' missing in action
WELLINGTON, New Zealand (AP) -- The wayward penguin known as ``Happy Feet'' is missing in the Southern Ocean.Experts tell The Associated Press the most likely scenario is that the emperor penguin's satellite transmitter fell off. The small unit was attached to his feathers with super glue and was de
TechnologySept. 13, 2011
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Hot new planet could be in habitable zone -- barely
WASHINGTON (AP) -- Astronomers believe they have found a second planet outside our solar system that seems to be in the right zone for life, just barely.But it would feel like a steam bath -- hot, sticky and beyond uncomfortable. This undated handout image provided by The Europeans Southern Obs
TechnologySept. 13, 2011
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CJ Cheiljedang aims at China's frozen dumpling market
HONG KONG (Yonhap News) – South Korea's largest food company CJ Cheiljedang Corp. plans to enter China's frozen dumpling market in a bid to expand its presence in the world's most populous market, company officials said Monday.CJ DCH Guangdong Frozen Food Co., a joint venture between CJ Cheilj
IndustrySept. 12, 2011
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Consumer complaints about social commerce sites on rise
An increasing number of customers of social commerce sites said they were dissatisfied with faulty contracts or poor services offered by business operators, a report showed Monday.Social commerce, a business model that is most well known through U.S. online commerce site operator Groupon Inc., gener
IndustrySept. 12, 2011
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Seoul shares to track reaction to Obama's jobs speech next week
Amid an absence of major events next week, the South Korean stock market is expected to be largely influenced by the political reactions following U.S. President Barack Obama's jobs proposal, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) wrapped up this week at 1,812
Sept. 10, 2011
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Samsung Electronics loses key lawsuit against Apple in Germany
DUSSELDORF, Germany, Sept. 9 (Yonhap) -- A German court on Friday turned down a request by Samsung Electronics Co. to nullifyApple Inc.'s injunction granted earlier to ban the sale and marketing of its Galaxy Tab tablet computer in the European country.The Dusseldorf court decision dealt a blow to t
TechnologySept. 9, 2011
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Korean restaurant chains seek success abroad
From fried chicken to bibimbap, Korean franchises lined up for overseas marketsThe first overseas store of Bulgogi Brothers, a local franchise specializing in Korean barbeque, opened Thursday within a hip shopping mall in Makati, the financial hub of the Philippines. For Zeus Yi, the company’s presi
IndustrySept. 9, 2011
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Samsung Electronics loses key lawsuit against Apple in Germany
DUSSELDORF, Germany (Yonhap News) – A German court on Friday turned down a request by Samsung Electronics Co. to nullify Apple Inc.'s injunction granted earlier to ban the sale and marketing of its Galaxy Tab tablet computer in the European country.The Dusseldorf court decision dealt a blow to
IndustrySept. 9, 2011
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STX’s Finnish subsidiary wins $420m order
STX Group announced Friday that its European subsidiary signed a $420 million contract to build to well intervention vessels for Norway’s Eide Marine Services AS.A well intervention vessel is a ship designed to carry out works related to underwater oil and gas wells ranging from pre-drilling surveys
IndustrySept. 9, 2011
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Rainy weather lifts producer prices
The unusually heavy rains and typhoons of the past two months caused prices of fresh produce to rise by the steepest pace since April, the central bank said Friday.Producer prices of fresh vegetables and fruits advanced 6.6 percent in August from a year earlier, signaling rapid price increases in pr
Sept. 9, 2011
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LG enters launderette market
LG Electronics on Thursday opened a self-service laundry in New York equipped with only its products as it pushes to expand business-to-business sales in the United States.The self-service laundry will be operated by Coinmach Corp., the largest laundry service in the U.S. According to LG Electronics
IndustrySept. 9, 2011
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Samsung Card latest in line of data hacks
Credit-card issuer faces criticism for attempting to downplay scale of breachSamsung Card, one of the nation’s leading credit card companies, is under fire for trying to downplay the leak of clients’ personal information as concerns mount over the frequent exposure of such data online in the world’s
IndustrySept. 9, 2011
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Obama unveils plan to revive U.S. economy
WASHINGTON (AP) -- Barack Obama, looking to jolt both the U.S. economy and his presidency, proposed a $447 billion plan for creating jobs in a high-profile, nationally televised speech before Congress late Thursday.Obama, facing a tough re-election fight next year, looked to stem the eroding confide
Sept. 9, 2011