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Jeju Air to open Nha Trang route in July

Jeju Air Co., a South Korean low-cost carrier, said Tuesday it will start flights to Vietnam's Nha Trang starting next month.The route is the latest move by the budget carrier to expand into Southeast...

Updated : 2017.06.27 16:51

Proposed legislation seeks equal taxes for heated tobacco products

A new bill seeking to apply equal taxes to heated tobacco products as those imposed on combustible cigarettes in Korea was introduced to the National Assembly earlier this month, claiming that all har...

Updated : 2017.06.27 16:30

LG makes major push into energy, automobiles in the US

LG Group is making a major push into energy storage and automotive electronics in the US market in seeking the group’s next growth engine. LG’s tech arms, LG CNS, LG Chem and LG Electronics, have re...

Updated : 2017.06.27 16:27

Investigation against LNG bidding collusion to wrap up next month

The Seoul Central District Prosecutor’s Office announced Tuesday it is speeding up its investigation into alleged large-scale collusion among Korea’s major construction companies, which are suspecte...

Updated : 2017.06.27 15:23

Samsung to release refurbished Galaxy Note 7 on July 7

Samsung Electronics Co. plans to release the refurbished edition of the ill-fated Galaxy Note 7 smartphone next month, industry sources said Tuesday.According to the sources, Samsung will release the ...

Updated : 2017.06.27 14:55

Shares of Hyundai Heavy, other shipyards stung by low oil prices

Hyundai Heavy Industries Co. and other major shipyards in South Korea have seen their stock prices slide for days due to a fall in oil prices, analysts said Tuesday.Hyundai Heavy was trading at 173,00...

Updated : 2017.06.27 11:33

Kia to launch Stonic SUV in Korea next month

Kia Motors Corp., South Korea's second-largest carmaker, said Tuesday it will add a new SUV to its lineup next month to boost sales. Kia Motors has developed the Stonic subcompact SUV as part of its e...

Updated : 2017.06.27 11:28

E-Mart to focus on online mall, Electro Mart, No Brand: vice chairman

Shinsegae Group Vice Chairman Chung Yong-jin said Tuesday that E-Mart, South Korea's largest discount store outlet, will focus on its online shopping mall, electronics retail and "No Brand" products t...

Updated : 2017.06.27 11:11

Korea ranks No. 1 in online grocery shopping

South Korea ranked No. 1 in terms of e-commence for grocery shopping, far outpacing other major developed countries, an industry report showed Tuesday.According to the report by industry tracker, Kant...

Updated : 2017.06.27 10:47

Pharmaceutical industry contributes more to employment than other industries: data

South Korea's pharmaceutical industry has posted more than double the annual growth rate in terms of employment compared to the manufacturing sector as a whole, industry data showed Tuesday.The pharma...

Updated : 2017.06.27 10:17

Kogas to start imports of US shale in July

South Korea’s state-run Korea Gas said Monday that it will start importing US shale gas in July.Following a deal secured in 2012 with the Texas-based Cheniere to bring in shale gas, Korea has become ...

Updated : 2017.06.26 16:39

Lotte beefs up logistics capabilities, says it seeks mergers

(Yonhap)Lotte’s parcel delivery service Lotte Global Logistics is seeking to find new avenues for growth after acquiring large-scale investments, sparking speculation about a merger with another Lott...

Updated : 2017.06.26 16:37

China's imports of Korean shipbuilding parts surge through April

China's imports of shipbuilding parts and equipment produced by South Korean firms surged this year, aided by the neighboring country's drive to nurture key industrial sectors, a report showed Monday....

Updated : 2017.06.26 14:20

Samsung expected to announce US plant during Moon's visit

Samsung Electronics Co. is expected to announce a plan to build a new production facility in the United States during President Moon Jae-in's visit to Washington this week, industry sources said Monda...

Updated : 2017.06.26 14:17

6 chaebol still rely heavily on cross-shareholding: report

Korea’s six conglomerates are still relying heavily on cross-shareholding to strengthen their owner families’ control over the affiliates, a report by chaebol business tracker showed Monday.The comb...

Updated : 2017.06.26 13:34