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Korea Herald to launch online business news service

The Korea Herald, the nation’s largest English newspaper, will launch The Investor, a pioneering real-time English online business news service, in June. The Investor will cover more than 300 listed ...

Updated : 2016.05.26 17:56

GE picked as preferred bidder to supply engines for next-generation fighter jets

U.S. company General Electric was selected on Thursday as the preferred bidder to supply engines for South Korea's next-generation fighter jets, Seoul's state arms procurement agency said.GE has been ...

Updated : 2016.05.26 15:26

Doosan Heavy receives award from MEED

Doosan Heavy Industries & Construction received an award from Middle East business media group MEED for successfully completing a thermoelectric power plant in Saudi Arabia’s Rabigh, the company anno...

Updated : 2016.05.26 15:09

[Consumer] Early summer speeds up battle over cooling apparel

Summer came early this year, with temperatures already surpassing 30 degrees Celsius by mid-May in Seoul. The hot weather has prompted activewear companies to roll out daily wear made with fabrics tha...

Updated : 2016.05.26 13:20

KEPCO named No.1 global public firm in electric utility

The state-run Korea Electric Power Co., the nation’s largest utility giant, was ranked 97th for 2016 in an annual ranking of the top 2,000 public companies in the world, released by Forbes, a U.S. bu...

Updated : 2016.05.26 11:49

KOMIPO focuses on renewable energy

Korea Midland Power Co., a subsidiary of Korea’s largest electricity supplier Korea Electric Power Co., is developing clean and renewable energy to expand its presence in the Korean new energy indust...

Updated : 2016.05.26 10:39

Samsung adds patents across globe to prepare for disputes

The number of patents registered by South Korea's Samsung Electronics Co. in the United States last year jumped nearly two-fold from six years ago, a company official said Thursday, as the tech player...

Updated : 2016.05.26 10:16

[Consumer This Week] Hite Jinro, Innisfree, Lotte, Ikea, Gmarket, Pascucci

Hite Jinro’s premium soju wins Monde Selection award Hite Jinro on Tuesday said its premium soju brand Ilpoom Jinro has won the grand gold prize in the spirits and liquor category at the Monde Select...

Updated : 2016.05.26 09:57

STX Shipbuilding put on path to court-led restructuring

Creditor banks said they have begun discussing whether to put Korea’s midsized shipbuilder STX Offshore & Shipbuilding under court receivership, as their years of financial aid have failed to improve...

Updated : 2016.05.25 16:08

Korea’s 30 largest conglomerates slash 500 executives

South Korea’s 30 largest business groups are down around 500 executives in the last year amid the nation’s prolonged economic slowdown, according to industry data Wednesday. Corporate researcher CEO...

Updated : 2016.05.25 15:55

Korea releases 1st roadmap to build facility for spent nuclear fuel

Korea will select a site for an underground storage facility to permanently dispose spent nuclear fuel, or high-level radioactive waste, by 2028 and complete the construction of the facility by 2053, ...

Updated : 2016.05.25 15:53

[Photo News] Foreign tobacco for military

A solider takes a cigarette pack at a PX store within an army unit in Seoul that started selling foreign tobacco brands for the first time on Wednesday. The foreign brands chosen by the government to ...

Updated : 2016.05.25 15:49

Steel industry speeds up restructuring

South Korea’s steel industry is speeding up restructuring amid growing concerns over chronic oversupply in the sector, according to local news reports Wednesday. The reports said the Korea Iron & Ste...

Updated : 2016.05.25 15:25

Rights watchdog to recommend government tighten corporate ethics

The state human rights watchdog on Wednesday said it will recommend the government require state-funded corporations to consider a human rights factor in their operations, a move to shore up corporate...

Updated : 2016.05.25 14:43

Samsung hints at counter-suit against Huawei over patent

South Korean top tech giant Samsung Electronics Co. hinted Wednesday that it may take a counteraction against Huawei Technologies Co. after the Chinese company launched lawsuits claiming Samsung's inf...

Updated : 2016.05.25 14:22