Most Popular
-
1
Yoon, Lee end first talks with differences, agree to meet more
-
2
What is Hybe’s next move?
-
3
China outpaces Korea in smaller OLED shipments for 1st time
-
4
[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
-
5
[Herald Interview] Mom’s Touch seeks to replicate success in Japan
-
6
Police to open alleged stalking probe over pastor over Dior bag scandal
-
7
'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
-
8
[News Focus] Lee tells Yoon that he has governed without political dialogue
-
9
Seoul to deploy more military doctors to fill med prof void
-
10
Liberal bloc moves to rewrite student rights ordinance
-
Hyundai, Kia to provide 162 cars for upcoming ASEAN-Korea summit
Hyundai Motor Co. and its corporate cousin Kia Motors Corp. will supply 162 cars for the upcoming ASEAN-Korea Commemorative Summit meeting set to take place next month, organizers for the event said Friday. The summit to be held in South Korea's largest sea port of Busan, located 453 kilometers southeast of Seoul, aims to celebrate 25 years of constructive dialogue and cooperation between the 10-country-strong political and economic organization and Asia's fourth-largest economy. The leaders of
Nov. 21, 2014
-
Samsung wins over more than half of mobile DRAM market on Apple supply
South Korea's Samsung Electronics Co. dominated more than half of the global market for dynamic random access memory (DRAM) chips in the third quarter this year, data showed Friday, apparently helped by the resumption of its supply to Apple Inc. Samsung's revenue in mobile DRAM products came to US$1.75 billion in the July-September period, up 18.4 percent from the second quarter, the data compiled by industry tracker DRAMeXchange showed, expanding its market share to 50.7 percent from 45.4 perce
Nov. 21, 2014
-
Hyundai Genesis, Kia K900 win U.S. luxury car awards
Hyundai Motor Co.'s Genesis premium sedan and Kia Motors Corp.'s K900 flagship won automotive awards for excellence at this year's Los Angeles Auto Show, the two companies said Thursday.The cars that started reaching the North American market this year have been getting positive coverage from local media and praise for their value and quality. Hyundai and Kia are corporate cousins and are flagships of Hyundai Motor Group, the world's fifth-largest maker of cars in terms of output.Hyundai Motor A
Nov. 21, 2014
-
Samsung Group stock funds rebound in Nov. on reshuffle hope
Investors took their money to securities funds that follow Samsung Group stocks this month as the group's flagship unit, Samsung Electronics Co., clawed back and listing of a key IT affiliate refueled expectations of the top conglomerate's restructuring, data showed Friday. A net 244.8 billion won (US$219.6 million) was injected into 28 funds whose underlying assets are Samsung Group stocks between Nov. 1-19, accounting for 56 percent of the total investment in securities funds, according to dat
Nov. 21, 2014
-
Hyundai U.S. chief dismisses impact from mileage disputes
LOS ANGELES ― Hyundai Motor America CEO Dave Zuchowiski on Wednesday dismissed claims that the carmaker’s fuel efficiency disputes would have any business impact on consumer sentiment and car sales. “It’s something between us and the government. It didn’t affect consumers and dealers at all,” he said at a Hyundai booth during the LA Auto Show that kicked off in the U.S. city on Tuesday. “The news hit the headlines for 24 hours, then it was gone. We are just glad to get it behind us.”Early this m
Nov. 20, 2014
-
Gore Korea wins best workplace award
Gore Korea, the Korean operation of W.L. Gore and Associates Inc., said Wednesday that it has been named one of the Best Companies to Work for in Korea for the fourth consecutive year at the 2014 Great Place to Work Awards Ceremony held in Seoul.The award was conferred by the Great Place to Work Institute, one of the world’s best-known research and management consultancies. Companies are selected based on surveys conducted on employees in the categories of workplace excellence, management and th
Nov. 20, 2014
-
POSCO to kick off pilot run of Rajin-Khasan project next week
South Korea’s POSCO and Hyundai Merchant Marine Co. will commence the pilot run of their project to import Russian coal via a route that passes a North Korean railway next week, industry sources said Thursday, marking a rare example of economic cooperation with the North amid economic sanctions.Under the Rajin-Khasan project, No. 1 steelmaker POSCO will import coal from Russia’s Primorsky Krai, which borders with North Korea, by using a 54-kilometer railway that connects to the North’s port city
Nov. 20, 2014
-
Paradise breaks ground for Yeongjongdo casino
YEONGJONGDO, Incheon ― Paradise Sega Sammy broke ground Thursday for its $1.1 billion Paradise City construction project to build an integrated resort and casino complex in Yeongjongdo Island, Incheon, by July 2017. The company, established in 2012, is a joint venture between South Korean casino operator Paradise Group and Japanese entertainment firm Sega Sammy. Paradise has a 55 percent stake in the firm, while the Japanese partner holds the remaining stake. “Above all, the resort complex boast
Nov. 20, 2014
-
Watchdog estimates N.K. development costs at $500b
The nation’s top financial regulatory body this week estimated a cost of at least $500 billion to cover the financing the development of North Korea if the two Koreas are reunited.“It would take at least $500 billion to develop North Korea (after reunification), which includes economic development and costs for educating North Koreans,” said Shin Je-yoon, chairman of the Financial Services Commission, at a conference on inter-Korean unification and finance held in Seoul on Wednesday. Some $17 bi
Nov. 20, 2014
-
POSCO to kick off pilot run of Rajin-Khasan project next week
South Korea's POSCO and Hyundai Merchant Marine Co. will commence the pilot run of their project to import Russian coal via a route that passes a North Korean railway next week, industry sources said Thursday, marking a rare example of economic cooperation with the North amid economic sanctions.Under the Rajin-Khasan project, No. 1 steelmaker POSCO will import coal from Russia's Primorsky Krai, which borders with North Korea, by using a 54-kilometer railway that connects to the North's port city
Nov. 20, 2014
-
Samsung, LG expected to take 10 pct of Chinese TV market this year
South Korea's Samsung Electronics Co. and LG Electronics Inc. are anticipated to have a combined market share of more than 10 percent in the Chinese TV market for the first time this year, data showed Thursday. The outlook came as Samsung and LG grabbed more than 10 percent in combined market share over the past three quarters. Samsung and LG had market shares of 9.4 percent and 3.6 percent, respectively, in the third quarter, with their combined market share reaching 13 percent, according to da
Nov. 20, 2014
-
Samsung’s two units cancel merger plan
Samsung Heavy Industries, the shipbuilding unit of Samsung Group, said Wednesday that it has scrapped a deal for merging with affiliated plant builder Samsung Engineering due to higher-than-expected share buyback costs. “We have decided to respect the opinion from the market and shareholders,“ Samsung Heavy said in a statement. “The company will reconsider a possible merger with Samsung Engineering, keeping tabs on the market situation and shareholders’ opinions.” The deal, said to be a part of
Nov. 19, 2014
-
GE donates $2 million to university for joint research
From left to right: Inha University president Park Choon-bae; Hanjin Group chairman Cho Yang-ho; GE chairman and CEO Jeff Immelt; and Chris Drewer, general manager of Asia-Pacific sales for GE Aviation, pose at the partnership signing ceremony held at a Seoul hotel on Monday. (Hanjin Group)U.S. conglomerate General Electric donated $2 million to Inha University, owned by Hanjin Group, to build a new research and development center within the school, Korean officials said Wednesday.Tentatively na
Nov. 19, 2014
-
Asian CSR conference kicks off in Vietnam
HO CHI MINH ― Some 80 experts on corporate social responsibility gathered in Vietnam on Wednesday to discuss the challenges and opportunities for CSR policies in Asia. “Against the backdrop of continuous economic growth in Asian countries, CSR has become one of the most important factors to be considered by Asian corporations,” said Paul Linnarz, regional representative for economic policy and resident representative for Japan of Konrad Adenauer Stiftung, an independent German political foundati
Nov. 19, 2014
-
Samsung C&T to build new landmark skyscraper in Malaysia
Samsung C&T CEO Choi Chi-hun (fourth from right) poses for with Symphony Life executive chairman Tan Sri Azman Yahya (second from left) at the groundbreaking ceremony.Samsung C&T, the construction and trading arm of Samsung Group, said Wednesday that it has bagged a contract to construct Star Development in Kuala Lumpur, Malaysia, by Alpine Return Sdn Bhd, a joint venture between United Malayan Land Bhd and Symphony Life Bhd.The $310 million project will involve constructing three high-rise towe
Nov. 19, 2014
-
IKEA sorry for East Sea blunder
Swedish furniture giant IKEA on Wednesday apologized over what it said was a poor choice of words in naming the eastern body of water of the Korean Peninsula. “We apologize for the naming of the East Sea on the world map (sold at IKEA stores),” IKEA Korea retail manager Andre Schmidtgall said during a press conference at the Seoul outlet in Gwangmyeong, Gyeonggi Province.“We’re in close contact with our product development team at the headquarters in Sweden to make modifications,” he said.In the
Nov. 19, 2014
-
Hyundai Glovis takes over European vehicles logistics firm
Hyundai Glovis CEO Kim Kyung-bae (third from right) with Adam Byglewski, the founder of Adampol S.A (fourth from right), at a signing ceremony.Hyundai Glovis, the logistics arm of Hyundai Motor Group, said Wednesday that it took over Adampol S.A., one of the leading finished vehicles logistics companies in Poland.Adampol S.A., established in 1990, has been transporting 400,000 luxury brand vehicles such as BMW, GM and Toyota all across Europe for over two decades. It has shown a 15 percent annua
Nov. 19, 2014
-
LS C&S launches world‘s first superconducting cable project
LS Cable & System, the nation’s largest power transmission cable-maker, said Wednesday that it has started the verification test of its superconducting direct current cable in the smart grid demonstration site, run by Korea Electric Power Corp. on Jejudo Island.The move came after it had completed the installation of an 80 kilovolt- superconducting DC cable in the grid within the KEPCO site last month. LS Cable & System CEO Koo Ja-eun“The company launched the pilot project for the superconductin
Nov. 19, 2014
-
Kia to unveil U.S. version of all-new Sorento SUV at LA Auto Show
Kia Motors Corp. will unveil the U.S. version of its all-new Sorento SUV at the Los Angeles Auto Show, the company said Wednesday.The car that is already on sale in South Korea will be marketed as a “class above” its rivals by having a host of amenities, safety features and space, the automaker said.The third generation of the midsize crossover will also come with three gasoline engine choices for the North American market, compared to two diesels for its home market.Kia said customers can opt f
Nov. 19, 2014
-
IKEA Korea apologizes for controversy over "Sea of Japan" map
IKEA Korea, the local unit of Swedish furniture giant IKEA, apologized on Wednesday for a controversial map on its website and one of its products that marked the water between South Korea and Japan only as "Sea of Japan.""I would like to take a moment to apologize for the issue we have created to name East Sea only... (as) Sea of Japan. We are aware of the seriousness and again apologize for it," retail manager Andre Schmidtgall said in a press conference."We are in close contact with our produ
Nov. 19, 2014