Seoul to sell naming rights for 58 additional subway stations

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Seoul to sell naming rights for 58 additional subway stations

The government of Seoul plans to sell the naming rights for more than 50 subway stations this year to make up for losses in its subway operations.The Seoul Metropolitan Government said Monday that it ...

Updated : 2017.03.27 12:56

Two-thirds of firms to increase facility investment this year

Two-thirds of South Korean firms plan to increase their spending on facility investment this year, a survey by the central bank showed Monday, as the nation's exports show signs of a recovery. The Ban...

Updated : 2017.03.27 12:53

Korea to set up W113.5b fund to help bio startups

South Korea will establish a 113.5 billion-won ($101.8 million) fund to nurture startups and venture firms in the bio sector to secure new growth engines, the science ministry said Monday.Under the co...

Updated : 2017.03.27 12:52

Brokerage house condemns Samsung's delay in transition to holding firm

A local brokerage house on Monday criticized Samsung Electronics Co. for putting off its plan to adopt a holding-company structure, stressing the top smartphone maker should have been more cautious wh...

Updated : 2017.03.27 12:09

Korea's exports to FTA partners up 16.7% through Feb.

South Korea's exports to trade partners that it has free trade agreements with jumped 16.7 percent on-year in the first two months of 2017 amid a recovery in the country's total outbound shipments, cu...

Updated : 2017.03.27 12:06

Premium smartphones take up less than 30% of Samsung's phone sales

High-end smartphones took up less than 30 percent of Samsung Electronics Co.'s combined sales of handsets, data showed Monday, although the figure is expected to rebound after the launch of the tech g...

Updated : 2017.03.27 09:29

Prosecutors question senior CJ executive over compromising videos of Samsung chairman

Prosecutors have recently questioned a senior CJ Group executive as part of a probe into whether the conglomerate was involved in the recording of compromising videos of Samsung Electronics Chairman L...

Updated : 2017.03.26 20:14

Hanwha Group supports Asian startups at BOAO

Hanwha Group hosted a roundtable discussion on the future of Asian startups to better create a business environment for budding enterprises in the region, on the sidelines of the annual BOAO Forum, of...

Updated : 2017.03.26 19:21

NPS at crossroads over Daewoo Shipbuilding rescue plan

Amid questions being raised over its political neutrality, the National Pension Service is again standing at a crossroads that could determine a company’s fate – this time troubled shipbuilder Daewo...

Updated : 2017.03.26 18:11

Korea to lend rare minerals to local businesses

South Korea's industry ministry said Sunday it will launch a program to lend rare minerals to key businesses, including chipmakers, in case of unexpected supply shortages.The Ministry of Trade, Indust...

Updated : 2017.03.26 16:24

Lotte strives to contain China fallout over Thaad row

A message in Chinese is on display at Lotte Department Store in Sogong-dong, central Seoul, on Sunday. (Yonhap)Lotte Group appears to be in dire efforts to soothe Chinese customers amid an escalating ...

Updated : 2017.03.26 15:46

Automobile sales inch down in Korea on economic slump

The number of cars newly registered in South Korea edged down in 2016 from a year earlier, data showed Sunday, as the prolonged economic slump weighed down consumers' sentiment.According to the data c...

Updated : 2017.03.26 11:35

Korea's industrial output seen rising 3.7% in Feb.

South Korea's industrial output is expected to move up 3.7 percent on year in February, compared with a 1.7 percent growth tallied a month earlier, according to an estimate by an international ratings...

Updated : 2017.03.26 11:31

Korean Air forecasts over W840b in profits

Korea’s largest air carrier forecast over 840 billion won ($747.7 million) in operational profits this year at a shareholder meeting Friday morning, the first session to be led by new President Cho ...

Updated : 2017.03.24 16:23

11-year-old Samsung shareholder speaks up

On Friday, the bigwig business executives of one of the world’s largest IT companies, got an unexpected earful from one of its shareholders: an 11-year-old and a proud owner of two Samsung Electronic...

Updated : 2017.03.24 15:43