The value of the country’s automobile imports may exceed 10 percent of the value of exports for the first time this year. According to industry data, the value of automobiles imported into the country during the first quarter of the year came in at $1.15 billion while that of exports was tallied at $9.37 billion. The figures include passenger cars, buses and commercial vehicles. At the current ...

STX Group is to set up internship programs for Saudi Arabian students, the conglomerate announced Wednesday. The group, the country’s 12th largest business group, signed a memorandum of understanding regarding the issue with the Saudi Arabian Culture Mission to Korea at the group’s office in Seoul. Under the agreement, the group will offer internship programs at its subsidiaries including STX O...

Samsung Electronics’ flagship smartphone Galaxy S2 is creating its sales sensation in the local mobile industry as doubled compared to its previous model. The total number of units sold for the upgraded Galaxy S, serviced by the country’s three telecoms, surpassed 120,000 in only three days, according to industry sources. The figure sold by the nation’s leading mobile carrier SK Telecom came to...

Honors Career is Korea’s first member of prominent global alliance Local executive search firm Honors Career International is seeking to further bolster its presence in the market through a fresh global network and profound local expertise, its chief executive Chris Kim said. The firm became a member of IRC Global Executive Search Partners, a prominent international alliance of independent reta...

Hanwha Group will follow the principles of “challenge, dedication and integrity” as it seeks to innovate its operations in its drive to become a global player, the company announced Tuesday. Excluding state-run companies, Hanwha Group is the country’s 10th largest conglomerate. Hanwha Group chairman Kim Seung-youn (left) shakes hands with a representative of Hanwha employees at the ceremony dec...

Samsung Electronics Chairman Lee Kun-hee on Tuesday met executives of Samsung financial affiliates to discuss management issues at the company’s headquarters in southern Seoul as a part of his regular visits to the Seocho head offices. Lee, who had previous not frequented the Seocho headquarters, recently began meeting executives at Samsung affiliates, starting with key aides such as Kim Soon-ta...

The Hana Tour International Travel Show will be held at the KINTEX exhibition center in Goyang, Gyeonggi Province from May 20 to 22. The show, organized by the country’s top travel agency Hana Tour Services Inc., will have booths displaying travel options by region and theme, the company said. Visitors browse last year’s Hana Tour International Travel Show at KINTEX in Goyang, Gyeonggi Province...

SEONGNAM Gyeonggi Province ― Korea International School has navigated uncharted waters by going digital to help students learn the necessary skills for college and the real world. “One to one education is using the computer to enhance to delivery of curriculum and allowing students the ability to differentiate, to learn at their own pace and own time,” said Tim Bray, a math teacher at the school...

(Yonhap News) Police rushed to Samsung Electronics’ headquarters in southern Seoul Tuesday in response to an e-mailed bomb threat following the killing of Osama bin Laden. The Canadian unit of the electronics firm received an e-mail at 4 a.m. from an unidentified person who threatened to bomb Samsung’s main office and some Middle Eastern countries’ embassies in Seoul. The countries were Turkey...

KT&G Corp., the nation’s largest tobacco producer, said Monday that it has extended the product line of its steady-selling brand This Plus. The firm is to start selling This Real and This Wild, which has higher tar content with 6.5 milligrams and 8 milligrams, respectively, on Tuesday. The original This Plus contains 5.5 milligram of tar. This Wild KT&G, meanwhile, has changed the packaging of...