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Korean Air, Delta agree tie-up for Pacific routes

Korean Air and Delta Air Lines on Saturday finalized an agreement to set up a joint venture for Pacific routes, according to Korean Air.The joint venture will not take the form of a separate corporati...

Updated : 2017.06.24 09:55

FTC chief calls for fair chaebol governance

Kim Sang-jo, the new head of South Korea’s antirust watchdog Fair Trade Commission, met CEOs from the nation‘s four largest conglomerates on Friday and urged them to voluntarily change their decisio...

Updated : 2017.06.23 20:00

[News Focus] Moon’s nuclear-free policy lauded but face technical hurdles

The nuclear-free policies laid out by President Moon Jae-in as he attended the shutdown of the country’s oldest nuclear reactor on Monday have been hailed by most citizens so far, but they are also e...

Updated : 2017.06.23 17:37

Samsung BioLogics ups appeal at US biotech convention with high tech

SAN DIEGO, California -- Virtual reality headsets, a digitized traditional painting and miniature building replicas -- these are not things you would normally expect to see at a biotechnology and phar...

Updated : 2017.06.23 17:28

SK chief‘s daughter starts work at SK‘s biopharma unit

The elder daughter of SK Chairman Chey Tae-won has begun working as a manager at the group’s biopharmaceutical affiliate, according to SK Group.Twenty-eight-year-old Chey Yun-jeong joined SK Biopharm...

Updated : 2017.06.23 15:34

Bain & Company appoints two new partners

Bain & Company, a global management consulting firm, announced on Thursday that it has appointed Kang Ji-chul, 42, and Yoon Sung-won, 38, as the newest partners to its Seoul office.  Kang is a graduate of Yonsei University’s Department of Economics with an MBA from Duke University’s Fuq...

Updated : 2017.06.23 14:42

Korea Line inks 1.27 tln-won shipping deal

Korea Line Corp., South Korea's No.2 bulk carrier, said Friday that it has clinched a 1.27 trillion-won ($1.15 billion) deal to transport liquefied natural gas.Under the deal with Korea Gas Corp., Korea Line will transport LNG through May 30, 2037, the company said in a regulatory filing.O...

Updated : 2017.06.23 14:07

Korean Air, local airlines surge on falling oil prices, firm demand

Stocks of South Korean airlines, led by Korean Air Lines Co., are set to further rise down the road following their recent surge on the back of falling oil prices, solid demand and a strong won, analysts said Friday.Korean Air Lines, which has gained some 50 percent so far this year, trade...

Updated : 2017.06.23 13:49

Lotte founder likely to lose board seat at key unit this week

The founder of South Korea retail giant Lotte Group is expected to lose his seat in the boardroom of a crucial affiliate in the group's governance structure, industry sources said Friday.Lotte Holdings Co., the holding firm for the group's Japanese affiliates, is known to have decided to a...

Updated : 2017.06.23 13:27

Samsung launches high-end QLED TVs in Brazil

Samsung Electronics Co. said Friday it has showcased its premium QLED TVs in Brazil in line with its ongoing efforts to tap deeper into the Latin American market.The South Korean tech giant first introduced the QLED TV in Mexico earlier in April, with its presence being gradually expanded ...

Updated : 2017.06.23 10:43

Ice sales rise in recent years due to ever-rising summer temps

South Korea's ice market has risen dramatically in recent years, industry sources said Friday, amid ever-rising temperatures during the summer months.The market size will likely surge to 40 billion won ($35 million) this year, up from 30 billion won last year, the sources said.GS25, the se...

Updated : 2017.06.23 10:42

LG Uplus to provide home IoT solutions to families of fallen soldiers

LG Uplus Corp. said Friday it plans to provide home Internet of Things solutions for families of soldiers that died in an inter-Korean naval clash in 2002.South Korea's No. 3 mobile carrier said the move is designed to pay respects to the fallen soldiers and to add convenience to the every...

Updated : 2017.06.23 10:32

Samsung speeds up VR biz in US

Samsung Electronics Co., South Korea's top tech firm, is accelerating its move to boost its virtual reality business in the United States by recruiting experts and joining ties with new partners, industry sources said Friday.According to the sources, Silicon Valley-based Samsung Research A...

Updated : 2017.06.23 10:24

Air Seoul expects to turn profits starting 2018

Low-cost carrier Air Seoul expects to start making profits from next year, according to the airline’s CEO on Thursday.“We have completed putting in place the basic infrastructure for operations, so ...

Updated : 2017.06.22 17:09

SPC Group to open third flagship store in Seoul

The third flagship store of SPC Group, South Korea’s leading food manufacturer and distributor, will open next month with added characteristics of varied menus and entertainment services, the company...

Updated : 2017.06.22 15:35