TVXQ confirms Japanese concert tour in 2015

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FTC to probe excessive auto part prices of imported vehicles

South Korea's antitrust watchdog plans to launch an investigation into consumers' complaints about the overpriced auto parts used in imported foreign vehicles, its top official has said."Consumers' complaints are growing over excessive repair costs of imported vehicles... We are going to l...

Updated : 2014.08.31 14:13

KEPCO invites bids to sell main office property

South Korea’s state-run power provider Korea Electric Power Corp. said Friday that it has opened bids to sell the land that currently holds its headquarters in Seoul, a highly coveted property that it estimated to be worth 3.33 trillion won ($3.3 billion).KEPCO said it will pick the buyer...

Updated : 2014.08.29 20:44

Renault Samsung teams up with Seoul on electric taxis

Renault Samsung Motors said Friday that it will work with the city of Seoul to operate a small fleet of electric car taxicabs that can help validate the use of zero-emission vehicles in the public tra...

Updated : 2014.08.29 20:43

Domestic industrial output grows in July

South Korea’s industrial output grew for the second straight month in July, raising expectations that the economic recovery might be gaining some momentum, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and elect...

Updated : 2014.08.29 20:42

Korea extends antidumping duties on Chinese plate glass

South Korea’s trade commission said Friday that it has decided to impose antidumping duties on Chinese plate glass for another three years to help protect local manufacturers from price-cutting practices.The Korea Trade Commission said it will keep anti-dumping duties of 15.22-36.01 perce...

Updated : 2014.08.29 20:41

Samsung C&T wins Singaporean LNG terminal expansion order

Samsung C&T, the construction and trading arm of Samsung Group, said Friday that it had won an engineering, procurement and construction project to expand Singapore’s first liquefied natural gas term...

Updated : 2014.08.29 20:40

Kakao under probe for allegedly abusing market power: sources

SEJONG (Yonhap) – South Korea's antitrust watchdog has launched an investigation into Kakao Corp., the operator of the country's most-used messenger service Kakao Talk, for possibly abusing its market leader position, industry sources said Thursday.Kakao is also under investigation by the...

Updated : 2014.08.28 21:15

Fashion brand MCM declares ‘New School of Luxury’

MCM chief visionary officer Kim Sung-joo on Thursday speaks to the press at the MCM Kunsthalle in southern Seoul. (Park Hyun-koo/The Korea Herald)Kim Sung-joo, chief visionary officer of global fashio...

Updated : 2014.08.28 20:36

Kia aims to sell 270,000 Sorento SUVs worldwide

Kia Motors Corp. aims to sell 270,000 of its all-new Sorento SUVs worldwide in 2015 by highlighting the vehicle’s “class above” performance, amenities and technology features, the company said Thur...

Updated : 2014.08.28 20:29

Studio Mir, DreamWorks sign animation tie-up

Studio Mir, a South Korean animation studio, has signed a deal with DreamWorks Animation to produce up to four TV cartoon series over the next four years.The Korean studio, known for the 2-D martial a...

Updated : 2014.08.28 20:29

Kia to donate Soul popemobile to Vatican

Kia Motors Corp., South Korea’s No. 2 automaker, said Thursday that it has decided to donate a Soul boxy compact car to the Vatican in appreciation of Pope Francis choosing it as his popemobile.The Soul was used by Pope Francis during his five-day visit to South Korea that began on Aug. 1...

Updated : 2014.08.28 20:28

GS E&C mulls selling Spanish affiliate

GS Engineering and Construction confirmed Thursday that it was considering selling GS Inima, its Spain-based affiliate, to improve its financial health. The builder took over a 79.6 percent stake in Inima, a Spanish builder that specializes in water desalination and treatment, in 2011 for ...

Updated : 2014.08.28 20:28

Korean Air supports U.N. sports leadership program

Korean Air, the nation’s leading air carrier, is sponsoring a U.N. sports leadership development program held at Honam University in Gwangju from Aug. 20-31, officials said Thursday. The Youth Leader...

Updated : 2014.08.28 20:27

KDB helps finance high-tech start-ups

The state-run Korea Development Bank is actively promoting technology financing in a bid to keep up with the government’s latest efforts to boost high-tech start-ups that have trouble securing funds....

Updated : 2014.08.28 20:20

Hyosung eyes global energy solutions market

Hyosung Corp. president Cho Hyun-joon said Wednesday that the company hopes to foray into the global market with its IT-based energy solutions. “Hyosung has been recognized for its electricity busine...

Updated : 2014.08.27 20:45