BUSINESS
LG expresses strong confidence in safety of G6 battery
South Korean tech giant LG Electronics Inc. unveiled its test lab to the public for the first time to reassure customers of the safety of its flagship smartphone G6 and its battery, industry watchers...
Mar 26, 2017
LG Display to supply TV panels to Samsung: source
LG Display Co. plans to supply 700,000 units of liquid crystal display panels for TVs to Samsung Electronics Co. this year, industry tracker IHS Markit said Sunday. It will be the first such deal be...
Market cap of LG Group affiliates surpasses W80tr
The combined market capitalization of 11 affiliates of LG Group, including LG Electronics Inc., has surpassed 80 trillion won ($71.3 billion), boosted by their better-than-expected earnings, industry...
Mar 25, 2017
[Superich] Samsung’s first lady steps down from public posts
The lady of the Samsung family Hong Ra-hee, 72, resigned last week from her position as the director of Leeum Samsung Museum of Art for personal reasons. The decision astounded the business and art c...
Mar 16, 2017
Sri Lankan wins LG award for saving life
LG Foundation said it gave a humanitarian award Tuesday to a Sri Lankan worker who saved an elderly woman from a house fire last month. Katabilla Ketiye Ge-Dara Nimal Siri, 39, jumped into the burni...
Mar 15, 2017
Hyundai Motor, AmorePacific, others to hold shareholder meetings this week
Leading automaker Hyundai Motor Co., top cosmetics maker AmorePacific Corp. and other major companies will hold their respective shareholder meetings this week, industry sources said Sunday. Hyundai...
Mar 12, 2017
Korean Air launches Boeing 787-9 Dreamliner on domestic route
Korean Air Lines Co., South Korea's top flag carrier, said Sunday that its new Boeing 787-9 passenger jet has started service on a domestic route. Late last month, the airline introduced the Boeing ...
Kumho Asiana chief accelerating move to buy back affiliate
The chief of logistics conglomerate Kumho Asiana Group is accelerating his move to buy back a tiremaking unit from its creditors, which are set to sign a deal to sell Kumho Tire Co. to a Chinese firm...
LG's G6 sells over 30,000 in Korea in just 2 days
LG Electronics Inc. said Sunday that its latest high-end smartphone, the G6, has sold over 30,000 units in just two days since its debut here, heralding better-than-expected sales down the road. LG ...
Creditors in dilemma over additional assistance for cash-strapped Daewoo Shipbuilding
Creditors of Daewoo Shipbuilding & Marine Engineering Co. are in a dilemma over whether to provide additional assistance to the cash-strapped shipbuilder as the company is facing a liquidity shortage...
Hyundai Motor's G80 sells over 30,000 in Korea
Hyundai Motor Co., South Korea's top automaker, said Sunday that it has sold over 30,000 units of the G80 midsized luxury car in the eight months since its launch here. The automaker's G80, one of i...
BAT seals CBA negotiation with labor union
Global tobacco company British American Tobacco Korea has signed a collective bargaining agreement with its Sacheon factory’s labor union, agreeing to bolster cooperative relations, the company said ...
Mar 7, 2017
Samsung chairman’s wife leaves art museums for personal reasons
Hong Ra-hee, wife of Samsung Electronics head Lee Kun-hee, has decided to leave the two art museums she has chaired for years, Samsung Foundation for Culture said Monday. The foundation that runs th...
Mar 6, 2017
Hanwha Life to pay W91b won in suicide claims
Hanwha Life Insurance Co., a major South Korean insurer, decided Friday to pay all overdue insurance claims on suicide. Hanwha plans to pay around 91 billion won ($78.8 million) on 637 unsettled cas...
Mar 3, 2017
LG's G6 smartphone wins 31 awards at tech fair in Spain
LG Electronics Inc. said Friday its new flagship smartphone, G6, has won a total of 31 awards from foreign technology magazines at a wireless industry fair in Spain. LG unveiled the G6 smartphone ea...