POSCO chief executive Chung Joon-yang was appointed the new president of the National Academy of Engineering of Korea at the organization’s general meeting on Monday. Chung replaces Kim Doh-yeon who will now head the National Science and Technology Commission. Chung Joon-yang. (POSCO) The POSCO chief executive has been a full member of the National Academy of Engineering of Korea since 2008, a...

(AP-Yonhap News) Google Inc. and Apple Inc. are the two most sought-after foreign companies among South Korean job applicants, a market survey showed Monday, pointing to their popularity here. According to the latest survey of 1,428 job seekers by SaraminHR Co., 16.7 percent of the respondents selected Google Korea as the most desired company to work at among foreign firms, citing the company’s...

NongShim, the country’s largest instant noodle maker, was fined 155 million won ($143,022) for deceptive advertising of its latest product, Shin Ramyun Black, the corporate watchdog said Monday. The Fair Trade Commission called the company’s description of the item as an “ideal product meeting the nutrition ratio” misleading and ordered them to fix the advertisement. “Some food manufacturers, o...

Company banking on early 4G network provision along with November launch of LTE service KT Corp. said Monday it was aiming to meet the fast-rising demand for wireless data usage by equipping itself with fourth generation wireless broadband and Long Term Evolution technologies. The country’s biggest fixed-line service operator said it would begin servicing the nation’s capital with its 4G LTE ne...

S-Oil Corp. begins operating out of its new office in Mapo, Seoul, on Monday. This is the first time the company, which previously rented offices in the 63 City building in Yeouido, has set up headquarters in its own building since its establishment in 1976. S-Oil’s new office in Mapo, Seoul. (S-Oil) According to the company, the new building was designed to resemble the square-sailed boat use...

SINGAPORE (AFP) ― BlackBerry maker Research in Motion is banking on Indonesia and other populous markets for growth in Asia, while it faces intensifying competition worldwide from rivals like the iPhone. The Canadian firm had one of the most prominent stands at the CommunicAsia telecom fair that ended Friday in Singapore, where industry executives gather annually to check out new technology and ...

Firms met regularly to fix cheese prices, antitrust watchdog says The nation’s four major dairy companies were fined a combined 10.6 billion won ($9.8 million) for fixing prices of their cheese products, the antitrust agency said on Sunday. Seoul Milk, Maeil Dairies Co., Namyang Dairy Products Co. and Dongwon Dairy Foods were subject to the penalties, the Fair Trade Commission said. Seoul Milk...