Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Big firms aggressive for 2011
Hyundai Motor to invest W12tr, Hynix W3.4tr following Samsung’s W43trThe country’s large firms are unveiling their big investment plans for this year, hinting that many of them will take a more aggressive stance in expectation of a recovery in global demand.This week, a number of big firms and conglomerates, such as Hyundai Motor Group, LG, Samsung and Hynix Semiconductor, announced their larger i
Jan. 6, 2011
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Samsung to unveil Q4 earnings guidance this week
Samsung Electronics Co., the world's largest supplier of memory chips, flat-screen panels and TVs, is scheduled to announce an estimate of its earnings for the October-December quarter this week, a company official said Thursday. Samsung will report its guidance of the fourth-quarter earnings on Friday, the official said. The company is estimated to have posted 3.39 trillion won ($3.02 billio
Jan. 6, 2011
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LG Electronics to unveil new smartphone with improved display
LG Electronics Inc., the beleaguered world's third-largest handset maker, said Thursday that it will introduce a new smartphone model with an enhanced screen display that has significantly lowered power consumption.The Optimus Black is the company's first model to use a "NOVA" display, which cuts power consumption in half in comparison to previous products and features an enhanced visibility even
Jan. 6, 2011
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Hynix set to invest 3.4 tln won in 2011
Hynix Semiconductor Inc., the world's second-largest maker of computer memory chips, said Thursday that it will spend 3.4 trillion won (US$3.03 billion) on plants and equipment in 2011, around the same level as last year.The investment plan is subject to change depending on market conditions, the company said in a regulatory filing.Hynix, which trails its bigger industry rival Samsung Electronics
Jan. 6, 2011
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Samsung scales up investment, hiring scheme for 2011
Samsung Group plans to spend a record 43.1 trillion won ($38.4 billion) this year to consolidate its global leadership in electronics and shore up its charge into growing fields. Korea’s largest conglomerate on Wednesday announced its plan to increase investment by 18 percent year-on-year, which analysts say reflects its expectation of global demand recovery.The conglomerate also said that it woul
Jan. 6, 2011
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TV stakeholder in violation of medical law
A shareholder of recently licensed Yonhap News Television has no stipulation regarding broadcast business in its articles of association. Critics note that Eulji General Hospital’s participation in television business is in violation of the law requiring a medical corporation to carry out business activities within the boundary of its articles of association.They also point out that the violation
Jan. 6, 2011
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Hyundai Motor Group to invest W12 tr in 2011
Chung Mong-koo, chairman of Hyundai Motor Group, said Wednesday his company plans to invest about 12 trillion won ($ 10.64 billion) this year, up 15 percent from last year.The nation‘s second-largest conglomerate also plans to employ “a large number of staff” this year when its steel-making unit, Hyundai Steel, is set to complete its third blast furnace, Chung said in a New Year meeting of financi
Jan. 5, 2011
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GM Daewoo retooling branding strategy
Newly confident carmaker readies all-Chevrolet lineup for 2011 GM Daewoo Auto and Technology is pushing for a new branding strategy which could see it attaching the Chevrolet brand to all its new vehicles this year. The bold move reflects its newfound confidence from debt repayment and improved performance but has gotten mixed reactions from market watchers.The Korean unit of the U.S. auto giant p
Jan. 5, 2011
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TV makers draw swords on Google, Apple in war over living rooms
Television makers will use the Consumer Electronics Show in Las Vegas to introduce new Internet services and blunt efforts by Google Inc. and Apple Inc. to dominate home entertainment. Samsung Electronics Co., LG Electronics Inc. and Cisco Systems Inc., the set-top box supplier, will unveil applications, signaling they won’t cede leadership to Google, Apple or other upstarts angling to get consume
Jan. 5, 2011
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Nearly half of foreign firms have no hiring plans: survey
Nearly half of foreign companies with branches in South Korea have no plans to recruit university graduates this year, a survey showed on Wednesday.A survey of 58 foreign firms conducted by the online recruiting agent JobKorea found that 26, or 44.8 percent, do not have plans to hire any new graduates this year.Of the remainder, 24 companies responded that they will be looking for new employees th
Jan. 5, 2011
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Asus hopes tablet variety will lure fans
LAS VEGAS (AP) ― Taiwan’s AsusTek Computer Inc. plans to start selling an array of tablet computers ― including hybrids that sit somewhere between a laptop and a tablet ― with the hope that variety is the best weapon against Apple Inc.’s iPad and other similar gadgets.Asus chairman Jonney Shih unveiled the new devices Tuesday ahead of the International Consumer Electronics Show in Las Vegas. They
Jan. 5, 2011
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Hyundai raises export prices of steel products
Hyundai Steel on Wednesday further raised the export price of bar and section products by up to $50 per metric ton.With the changes, H-shape section steel has been raised to between $800 and $810 per ton, including freight costs, for the Middle East and Southeast Asia, respectively.Products bound for Europe and the U.S. will be priced at between $830 and $840 per ton in line with the changes imple
Jan. 5, 2011
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Samsung C&T tops consumer satisfaction survey
Five-star hotels, technical colleges also receive good marks for consumer-tailored servicesSamsung C&T Corp., known for its apartment brand “Raemian,” acquired the highest rating in a national consumer satisfaction survey last year, the Korea Productivity Center said on Tuesday. Yeungjin College and Daelim Industries Co. garnered the second and third places, respectively. The survey of 65,427 con
Jan. 5, 2011
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Lexus holds off BMW to retain top U.S. luxury spot
Toyota Motor Corp.’s Lexus outsold Bayerische Motoren Werke AG’s BMW and Daimler AG’s Mercedes-Benz last month, helping the Japanese brand secure the top spot in U.S. luxury auto sales for the 11th straight year. Lexus sold 27,560 cars and sport-utility vehicles in December in the U.S. and 229,329 for 2010, the Toyota City, Japan-based automaker said Tuesday in a statement. The brand’s sales fell
Jan. 5, 2011
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HMA posts record sales amid recovering auto market
WASHINGTON (Yonhap) -- South Korea's Hyundai Motor Co. notched record sales in the United States last year amid a surging auto market in the world's biggest economy after the worst recession in decades.Hyundai Motor America (HMA) sold 538,228 vehicles in 2010, up 24 percent from a year earlier and an all-time sales and market share record, HMA said in a statement.Hyundai's affiliate Kia Motor Co.
Jan. 5, 2011
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Samsung to invest a record 43 tln won in 2011
Samsung Group, South Korea's top family-owned conglomerate, said Wednesday that it will spend a record 43 trillion won (US$38.3 billion) in capital expenditures this year to cement its market dominance and speed up a search for new growth engines.The figure represents an 18 percent increase from the 36.5 trillion won invested in new plants and equipment last year, according to the group. (Yonhap N
Jan. 5, 2011
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Daewoo signs $30m order for CNG buses
Daewoo International Corp., a Korean trading firm, said Tuesday that it has signed a $30 million deal to supply buses powered by compressed natural gas to Bangladesh.Under the deal with the Bangladesh Road Transport Corporation, Daewoo International will ship 255 CNG buses and necessary spare parts by July.The deal was partly financed by Korea’s Economic Development Cooperation Fund, the trading c
Jan. 4, 2011
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TV shareholder eligibility questioned
Eulji Hospital’s participation in Yonhap consortium accused of violating lawThe eligibility of a shareholder in the recently licensed Yonhap News TV has emerged as a matter in dispute.Local news media has raised the possibility that the Eulji General Hospital may have violated laws to join the tentatively named consortium led by the Yonhap news agency to get a news television license. The hospital
Jan. 4, 2011
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Showdown between Naver, eBay begins
eBay’s removal of database from Naver’s shopping section intensifies competitionEBay Inc., the world’s largest online marketplace operator, is seeking to remove its database from the shopping section of Korea’s top portal site Naver, amid an intensifying rivalry over the nation’s rapidly expanding online shopping market.EBay, which currently owns the biggest e-commerce websites Auction and Gmarket
Jan. 4, 2011
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Kia’s market share exceeds 30%
Kia Motors Corp.’s domestic market share exceeded 30 percent in 2010 for the first time in 15 years.According to industry data, Kia’s domestic sales in 2010 increased by 17.4 percent from the previous year to come in at about 485,000 vehicles, and pushing up the carmaker’s market share by 3.6 percentage points to 33.2 percent. While Kia held more than a 30 percent market share in the early 1990s,
Jan. 4, 2011