Former Ambassador to US Hyun passes away

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Global telecoms closer to offering open mobile app platform

Major telecoms, including Korea’s KT Corp. and SK Telecom, have moved a step closer to commercializing an open mobile applications platform established by a multinational alliance of telecoms and de...

Updated : 2011.02.14 18:45

Kolon to merge with subsidiary

Kolon Industries Co., a Korean textile maker, plans to buy the shares in subsidiary Cambridge Kolon Co. on the market that it doesn’t own. Cambridge Kolon owners will get 782,580 shares of the merge...

Updated : 2011.02.14 18:44

China profits from solar-power plan

China, the world’s biggest electricity consumer, is figuring out how to capture a larger share of the solar-energy market without losing money. The government will spend at least a year studying Eu...

Updated : 2011.02.14 18:43

Samsung unveils upgraded Galaxy S, Galaxy Tab

Samsung Electronics unveiled the upgraded versions of its flagship smartphone Galaxy S and its tablet PC Galaxy Tab in an event one day before the launch of the global mobile industry show in Barcelo...

Updated : 2011.02.13 19:00

Milk shortage from FMD affecting local industries

A nationwide milk shortage caused by the severest foot-and-mouth disease outbreak in Korea’s history is affecting local confectionery and dairy industries, corporate sources said Sunday. Sources fro...

Updated : 2011.02.13 18:55

Toyota said to cut board by half in biggest shake up in 8 years

Toyota Motor Corp., the world’s largest automaker, plans to cut its board to at least 17 members from the current 27 to improve decision-making after a series of product recalls in its biggest manag...

Updated : 2011.02.13 18:31

GM, Chrysler plan 50% bonus to execs

General Motors Co. and Chrysler Group LLC, which each received government-funded bailouts, may award some managers bonuses of as much as 50 percent of their salary, said four people familiar with the...

Updated : 2011.02.13 18:30

S. Korean mobile carriers to showcase 4G technology solutions in Spain

BARCELONA, Spain (Yonhap) -- South Korean mobile carriers are set to demonstrate in Spain their solutions to the surge in data traffic with fewer base stations and lesser costs, carriers said Sunday....

Updated : 2011.02.13 11:50

Hyundai begins marketing programs for Veloster

Hyundai Motor Co. said Thursday it has launched a marketing program for the Veloster sports coupe releasing limited information about its engine and features. The vehicle will be launched on the loca...

Updated : 2011.02.10 20:04

IMF ignored warnings: report

WASHINGTON (AFP) ― The IMF ignored warnings about the financial crisis from its own top economist and acted like cheerleader for the U.S. economy rather than monitoring it, according to a scathing w...

Updated : 2011.02.10 19:14

SK Innovation to focus on new markets, tech revolution

SK Innovation Co. CEO Koo Ja-young said Thursday that the firm will speed up the technology revolution and investments in new growth engines with a sales target of 5 trillion won ($4.4 billion) by 20...

Updated : 2011.02.10 19:01

Asiana Airlines posts all-time record profit

Asiana Airlines, the country’s No. 2 air carrier, reported record high yearly sales of over 5 trillion won ($4.51 billion) in 2010, buoyed by the rising demand for flights, its officials said Thursda...

Updated : 2011.02.10 18:59

Android smartphones top 5 million in Korea

Google-made mobile platform spices up competition against Apple’s iPhone The number of people who own an Android-powered smartphone has reached 5 million since it was launched in the local market a ...

Updated : 2011.02.10 18:59

Lotte Group founder’s son promoted to chairman

Lotte Group, a retail-focused Korean conglomerate, promoted Vice Chairman Shin Dong-bin to chairman in a reshuffling carried out Thursday. The group, which operates chains of Lotte Department Store,...

Updated : 2011.02.10 18:58

KNOC to spend $4 billion on overseas oil assets

Korea National Oil Corp., a state-run energy resources developer, plans to invest as much as $4 billion in overseas oilfields this year as it aims to increase crude production by 33 percent. “We’re ...

Updated : 2011.02.10 18:58