Most Popular
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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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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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LG Nexus to go on sale this week
LG Electronics Inc., South Korea's No. 2 smartphone maker, said Monday its latest handset jointly manufactured with Google Inc. will hit local stores this week. The Nexus X5 will be available for purchase starting Tuesday via three local mobile carriers here, for a price of 508,200 won ($449) for 16GB and 568,700 won for 32GB, LG Electronics said in a statement. The company said it comes in two colors for Korean consumers: carbon (black) and quartz (white). The Seoul release is part of Google's
Oct. 19, 2015
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Hyundai to release subcompact hybrid EVs next year
Hyundai Motor Co., South Korea's top automaker, plans to launch subcompact hybrid electric vehicles next year to target the global market with eco-friendly cars, industry sources said Monday. Hyundai has been developing the hatchback subcompact hybrid model under the name AE, which is designed to improve fuel efficiency by combining a 1.6-liter gasoline engine and an electric motor, according to company officials. Kia Motors Corp., its smaller affiliate, also plans to launch the same platform un
Oct. 19, 2015
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Kia's European sales hit record high in Q3
Kia Motors Corp., South Korea's No.2 automaker, saw its sales in Europe hit a record high for the third quarter, driven by strong demand for its SUV and customized compact sedan, data showed Monday.According to the data compiled by the European Automobile Manufacturers' Association, Kia Motors sold a total of 95,102 units in the European market in the July-September period, up 9.7 percent from a year earlier.The figure marks the highest for the third quarter. In September alone, Kia sold 39,923
Oct. 19, 2015
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(Photo News) Asiana Airlines' social contribution
Asiana Airlines CEO Kim Soo-cheon (second from left) participates in a rice reaping event with the flag carrier employees and residents at a farm village in Hongcheon, Gangwon Province, Saturday. (Asiana Airlines)
Oct. 18, 2015
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Generics thrive in Korean pharmaceuticals market
When the patent for U.S.-based Eli Lilly’s blockbuster erectile dysfunction treatment drug Cialis (tadalafil) expired in South Korea early last month, 60 domestic pharmaceutical companies immediately rolled out more than 150 cheaper, generic copies of the drug. About a month has since passed, and data shows that generics launched by Hanmi Pharmaceutical and Chong Kun Dang Pharm have risen above their competition to take the lead in the segment, shaking up the market previously dominated by Cial
Oct. 18, 2015
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LG starts sale of portable Bluetooth keyboard
LG Electronics Inc. said Sunday it has begun selling its latest Bluetooth-powered keyboard that works on tablet PCs with excellent power efficiency.The Rolly Keyboard, which boasts improved portability compared to other Bluetooth keyboards in the market as it can be "rolled up" on a rectangular stick, will come with a price tag of 129,000 won ($113.10).LG said users are able to use the keyboard for three months without having to replace the battery. The instrument operates on just one triple-A b
Oct. 18, 2015
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[Photo News] AmorePacific launches breast cancer awareness marathon
AMORE BREAST CANCER AWARENESS CAMPAIGN — AmorePacific, in partnership with the Korea Breast Cancer Foundation, kicked off the 2015 Pink Ribbon Love Seoul Marathon in western Seoul on Sunday. Attended by some 10,000 participants this year, the event aims to spread awareness on breast cancer -- the most common form of cancer among women -- and raise funds for low-income breast cancer patients. (AmorePacific)
Oct. 18, 2015
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Mobile carriers to start preorders for iPhone 6s
South Korea's three mobile carriers plan to start preorders for the latest iPhone 6s and iPhone 6s Plus this week, industry sources said Sunday, a move that may cause a dent in sales of high-end models from local brands Samsung and LG.SK Telecom Co., KT Corp., and LG Uplus will begin preorders Monday, ahead of the official release slated for Friday at both online and offline shops.While the mobile carriers earlier planned to start preorders last week, the launch was delayed. Some market watchers
Oct. 18, 2015
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[Photo News] Lotte brothers clash over control of father's office
SDJ Corporation chairman Shin Dong-joo, who is in a feud with his younger brother and Lotte Group chairman Dong-bin, enters Lotte Hotel to take claim of control over their father’s office, located on the 34th floor of the hotel, Friday. Yonhap
Oct. 16, 2015
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Shinsegae Duty Free enters Chinese Market
Shinsegae DF, the duty-free arm of the county’s second-largest retailer Shinsegae, reached an agreement with a duty-free store in Hainan, China to supply Korean products for five years, the firm said Friday. This is the first time for the company to enter the Chinese market since Shinsegae DF was established in April this year. The exclusive contract was made prior to the opening of the Hainan Provincial Duty Free Co.’s new shopping mall at Mission Hills Resort in Haikou, Hainan Island, set to l
Oct. 16, 2015
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[Weekender] Bicycles become pricier, fancier
Korea’s bicycle industry is changing. As a growing number of upper-income professionals pick the two-wheelers to commute to work, enjoy it as healthy hobby and, moreover, express themselves, the premium bicycle market is booming, driving the whole industry forward. According to market analysts, 30-40 year old professionals have become major consumers of the local bike industry, which is estimated at 550 billion won ($487 million) in size this year. It’s a big change from the past when the maj
Oct. 16, 2015
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S-Oil CEO receives honor for contribution to economy
S-Oil CEO Nasser Al-Mahasher received the Gold Tower Order of Industrial Service Merit in Seoul Thursday, the highest honor in the field awarded by the South Korean government for his notable contribution to the national economy. The S-Oil chief was honored for his part in securing 4.8 trillion won ($4.24 billion) in investment from its parent company Saudi Aramco this year and pushing it to acquire additional stakes worth around $1.84 billion in the Korean refiner, S-Oil said. S-Oil CEO Nasser
Oct. 16, 2015
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Samsung union leader indicted over obstruction of duties
The head of a labor union of South Korea's largest conglomerate, Samsung Group, has been indicted for holding rallies more than 100 times that obstructed the duties of Samsung Electronics Co., prosecutors said Friday. Kim Seong-hwan, leader of Samsung's General Labor Union, is suspected of holding rallies 116 times between October 2012 and July 2015 in front of the headquarters of the country's top tech behemoth in southern Seoul using loudspeakers, prosecutors said. According to an investigat
Oct. 16, 2015
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Nexon sells stake in NCsoft after takeover row
Nexon Corp., South Korea's top game developer, has sold off its major stake in rival NCsoft Corp., industry data showed Friday, ending their awkward partnership after the team-up turned into a management dispute early this year. Nexon became the single largest shareholder in NCsoft in 2012 by acquiring a 15 percent stake in the rival from its chief executive, Kim Taek-jin, for about 800 billion won ($709 million). The purchase came as part of a strategic tie-up to seek a joint takeover of Ele
Oct. 16, 2015
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Korea, U.S. biz leaders vow to boost cooperation
Business leaders from South Korea and the United States have agreed to cooperate on further strengthening economic ties between the two countries, vowing to jointly search for a solution to tackle a low growth trend. In Washington, some 100 business tycoons from the two countries gathered on Thursday to discuss how to expand economic cooperation for the two countries, according to the Federation of Korean Industries, South Korea's largest business lobby. Huh Chang-soo, chairman of the FKI; Che
Oct. 16, 2015
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Korean Black Friday boosts retail sales
Customers shop at the “Mega Show” by Lotte Department Store in Busan, which was held as a part of the Korean Black Friday sales promotion. (Yonhap)The highly anticipated government-led Korean Black Friday sales promotion event ended Wednesday amid mixed evaluations on its success.Although the two-week discount event by retailers nationwide saw their sales increase, several shortcomings were detected as it was hastily arranged.As of Monday, about 34,000 outlets or websites of 92 retailers and man
Oct. 15, 2015
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Convenience stores vie for lunch box market
The competition for lunch box meals is getting fiercer among South Korean convenience stores as the market is growing rapidly due to the rise of the single-person household population here. “Dosirak” -- the term for packed lunches in Korean -- at convenience stores used to be discounted as low-quality meals for quick lunches, but now retailers are offering diverse and healthy options at an affordable price, drawing keen attention from customers.“As consumer demand for quality lunch boxes grows a
Oct. 15, 2015
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KFS demonstrates fire control system
The Korea Forest Service held a simulated field demonstration of forest fire control on Wednesday during the sixth International Wildland Fire Conference in Pyeongchang, Gangwon Province.This event was intended to introduce Korea’s fire suppression technologies and its cooperative commanding systems among related agencies to foreign conference participants.The field demonstration took place in front of an audience of around 1,000, including staff from 32 organizations such as the Ministry of Pub
Oct. 15, 2015
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GOLFZON spurs simulation golf business in China
GOLFZON, the nation’s top golf simulator maker, said Thursday it signed an exclusive product distribution contract with Guangzhou-based Byron Asset Management in its efforts to expand its business in mainland China. “Under the contract, the company will supply at least 200 golf simulators to China’s third largest city via the Chinese partner for the next two years,” GOLFZON said in a press release. An indoor golf training center in Seoul where GOLFZON’s golf simulator is installed GOLFZON “
Oct. 15, 2015
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Lotte Chemical seeks global expansion with new Uzbek complex
Lotte Chemical, the petrochemicals manufacturing unit of South Korea’s Lotte Group, is seeking to expand its global business as production begins at its newly-established gas field and chemical complex in Surgil, Uzbekistan. “Based on our success in Uzbekistan, we will continue to expand our ongoing businesses at home and abroad to rise up as a global petrochemicals company,” said Lotte Chemical CEO Huh Soo-young at a news conference in Seoul Thursday to mark the completion of the new plant.Lot
Oct. 15, 2015