Lee Byung-hun officially declares stern actions against two blackmailers

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Korea to delay low-carbon car incentive plan

South Korea will delay implementing its low-carbon vehicle incentive system until 2020 to minimize the fallout for customers and the automobile industry, government policymakers said Tuesday.The annou...

Updated : 2014.09.02 20:40

[Graphic News] State firms increasingly rely on nonregular workers

South Korea’s state-owned enterprises are increasingly relying on nonregular workers hired through subcontractors, according to Alio, a state-run statistics website on public companies.Some 360 state...

Updated : 2014.09.02 20:34

Troubles mount for Hyundai Heavy

Hyundai Heavy Industries faces an uphill battle as its union is set to go on strike for the first time in 19 years amid lackluster earnings.At the same time, its competitor Samsung Heavy Industries is...

Updated : 2014.09.02 20:25

Davidoff renews packaging of Classic, Blue brands

KT&G’s Davidoff Classic and BlueKT&G, the country’s largest tobacco manufacturer, has launched new packaging for Davidoff’s popular Classic and Blue cigarettes, KT&G officials said Monday.The new d...

Updated : 2014.09.02 20:24

Korea likely to set rice import tariffs at over 500%

South Korea will likely set its tariffs on rice imports at more than 500 percent, a senior government official said Tuesday.“The government plans to set the import tariff rate at the highest possible level to protect the country’s rice industry,” the official from the Ministry of Agricu...

Updated : 2014.09.02 20:24

Korean women turn to ‘costhetics’ for aging well

Despite their increasing desire to age well, most career women don’t have the time to visit dermatologists on a regular basis, let alone afford expensive Botox, collagen or hyaluronan injections. So ...

Updated : 2014.09.02 20:24

NE Asian economies aim to conclude FTA next year

South Korea, China and Japan have planned to conclude their drawn-out negotiations on a trilateral free-trade deal in 2015, but an agreement may not be achievable unless it is a “high-level and comprehensive pact,” China’s top negotiator to the talks said Tuesday. The three nations bega...

Updated : 2014.09.02 20:24

GM Korea launches 2015 Malibu diesel midsize sedan

GM Korea on Tuesday said it would launch its 2015 Malibu diesel sedan in its home market to follow up on the success of the previous model.The updated midsize sedan, which has the same 2-liter “Ecotec” turbo diesel mated to a 6-speed automatic transmission, also features the same externa...

Updated : 2014.09.02 20:24

Las Vegas Sands eyes Singapore-style casino resort in Korea

Las Vegas Sands, an American resort and casino operator company, has strong interest in building a world-class integrated resort with a casino that is accessible by locals with certain restrictions, i...

Updated : 2014.09.02 20:23

CJ Group to support agricultural enterprises

CJ Group, Korea’s largest food and entertainment conglomerate, said Tuesday it will launch a program to support small and medium-size agricultural enterprises to grow into export-oriented companies. CJ Corp. vice chairman Lee Chae-wook signed a memorandum of understanding with the Nationa...

Updated : 2014.09.02 20:23

Health minister calls for big hike in cigarette prices

South Korea's health minister said Tuesday he hopes to nearly double cigarette prices over the next six years to reduce the country's smoking rate, which is way higher than the average of advanced nations.Health and Welfare Minister Moon Hyung-pyo said the price should immediately be raise...

Updated : 2014.09.02 17:54

Organica’s detox juice available at lower price

Organica, a Korean premium organic whole food company, slashed the prices of its signature juice products, which have guaranteed detoxification effects, from Sept. 1, the company announced Monday.  T...

Updated : 2014.09.02 14:17

GM Korea launches 2015 Malibu diesel midsize sedan

GM Korea Co., the South Korean unit of U.S. automotive giant General Motors, on Tuesday said it will launch its 2015 Malibu diesel sedan in its home market to follow up on the success of the previous model.The updated midsize sedan, which has the same 2-liter "Ecotec" turbo diesel mated to...

Updated : 2014.09.02 13:52

Samsung Heavy to absorb Samsung Engineering

Samsung Heavy Industries will merge with Samsung Engineering in line with efforts by Korea’s biggest conglomerate to streamline its key units.The merger, in which Samsung Heavy will absorb Samsung En...

Updated : 2014.09.01 21:04

[Graphic News] Korea’s household debt continues to rise

South Korea’s household debt is increasing on account of the government’s latest push to boost the housing market and due to a rate cut, according to industry watchers. The total mortgage loans issu...

Updated : 2014.09.01 20:56