China’s top 3 smartphone makers catching up with Samsung

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UPS to acquire Logen to expand in Korean market

US-based logistics company UPS will acquire local logistics firm Logen to expand its presence in the Korean market, according to news reports Wednesday. UPS is said to have agreed to a 270 billion w...

Updated : 2017.04.26 14:43

Hyundai Motor disputes recall order for 1st time

Hyundai Motor, the nation’s largest carmaker, has objected to a request by the Ministry of Transport to recall tens of thousands of vehicles with defects found after an expose by a former worker of ...

Updated : 2017.04.26 13:50

Corporate watchdog fines 54 firms for disclosure violations

South Korea's corporate watchdog said Wednesday that it has slapped a combined 218.9 million won ($194,300) in fines on 54 affiliates of large business groups for regulatory filing violations last ye...

Updated : 2017.04.26 13:16

Korean refiners' exports hit record high in Q1

Exports of oil and related goods by South Korean refiners reached an all-time high in the first three months of the year on firm demand and higher oil prices, industry data showed on Wednesday. Acco...

Updated : 2017.04.26 13:10

Korea's food exports hit record high in Q1

South Korea's exports of food and agricultural products reached a fresh record high in the first three months of the year on rising demand in the United States and China, government data showed Wedne...

Updated : 2017.04.26 13:07

Uber Korea fined W10m for illegal taxi service

A lower court on Wednesday fined the local unit of app-based ride service provider Uber 10 million won ($8,900) for running an illegal taxi business. Travis Kalanick, founder and CEO of the US-based...

Updated : 2017.04.26 13:06

Annual salaries at big firm move up in 2016, petrochemicals on top

The average annual paycheck at the country's largest 500 local companies rose 2 percent from the previous year to 74 million won ($65,457) in 2016, with petrochemical companies dominating the upper r...

Updated : 2017.04.26 13:03

SK Telecom's net profit up 1.95% in Q1

South Korea's No. 1 mobile carrier SK Telecom Co. said Wednesday its first-quarter net profit increased nearly 2 percent from a year earlier. Net profit came to 583.48 billion won ($517.2 million) i...

Updated : 2017.04.26 09:41

Daewoo Shipbuilding's order backlog still ranks first

South Korea's three major shipyards -- Daewoo Shipbuilding & Marine Engineering Co., Samsung Heavy Industries Co. and Hyundai Heavy Industries Co. -- stayed at the top of the list in terms of order b...

Updated : 2017.04.26 09:36

Samsung BioLogics posts 2% revenue hike in Q1

Samsung BioLogics, the contract drug manufacturing arm of South Korea’s Samsung Group, said Tuesday that its first quarter revenue this year grew 1.9 percent on-quarter to 107.6 billion won ($95.6 m...

Updated : 2017.04.25 17:17

SK Innovation‘s Q1 operating profit up 19% to W1tr

South Korea’s leading oil refiner SK Innovation said Tuesday that its operating profit increased 19 percent to surpass 1 trillion won ($887 million) in the first quarter. (Yonhap) The firm’s sale...

Updated : 2017.04.25 15:23

LS displays smart energy solution at Hannover

LS Industrial Systems, a South Korean manufacturer of electric and automation equipment, has joined Hannover Messe, a leading industrial show that kicked off Monday for a five-day run. LS is present...

Updated : 2017.04.25 15:20

IATA chief urges Korea to join unruly passengers agreement

The top executive of the International Air Transport Association encouraged South Korea to ratify an international agreement laying out the legal responsibilities following incidents with unruly pass...

Updated : 2017.04.25 15:07

KGC scores hit with antler extract

Cheong Kwan Jang’s line of health products made of deer antler extract Cheon Nok has been gaining growing popularity among middle-aged consumers, Korea Ginseng Corp. said Tuesday. The domestic manu...

Updated : 2017.04.25 15:00

Philips Korea initiates CPR training for all employees

Philips Korea, the local branch of global health technology company Philips, said Tuesday that it was holding a CPR training session for all its employees as part of its efforts to raise public aware...

Updated : 2017.04.25 15:00