Hyundai Motor Co.'s Sonata plug-in hybrid electric vehicle (PHEV) ranked fifth among the top eight "noteworthy" eco-friendly vehicles unveiled during this year's Detroit motor show, a U.S. eco car review website said Tuesday. The website ( www.hybridcars.com ) selected eight noteworthy eco-friendly cars unveiled during the motor show. The C350 PHEV of Mercedes-Benz, Acura NSX of Honda and Chev...

The number of passengers using international flights of South Korea's largest flag carrier, Korean Air Lines Co., dropped for the second straight year in 2014 in the face of intensifying competition from low-cost carriers, industry data showed Tuesday. According to the data provided by Incheon International Airport Corp. and Korea Airports Corp., about 16.6 million people used Korean Air's inter...

Moody's Investors Service, a global credit rating agency, said Monday the recent court ruling on ordinary wages for Hyundai Motor Co. employees is "credit positive" for the automaking giant since the resulting extra cost will be "manageable." On Friday, a Seoul court ordered Hyundai Motor to include regular bonuses as part of ordinary salaries for only a small number of employees, reducing the p...

Samsung Techwin Co., the defense and precision machinery unit of South Korea's largest conglomerate Samsung, said Monday that it has signed a deal with General Electric to provide airplane engine parts for the next 10 years. The deal calls for Samsung Techwin to provide 18 types of airplane engines parts from 2016 to 2025 to the U.S. company, which is one of the world's major airplane engine pro...

South Korean retail conglomerate Shinsegae on Monday said it plans to spend a record 3.4 trillion won (US$3.1 billion) this year as it readies to launch mega malls and gear up against the local arrival of e-commerce giants Amazon and Alibaba. The planned amount is roughly 50 percent higher compared with its 2.24 trillion won spending last year. It is also bigger than its previous record investme...

South Korea's tech giant Samsung Electronics Co. plans to sell 30 million units of Tizen-powered quantum-dot TVs in 2015, an industry source said Monday, as it fights to keep its top spot in global TV sales that it has maintained since 2006. The outlook came as the source with knowledge of inside matters said the company has planned to have Tizen models take up 50 percent of its combined TV sale...

Samsung Group, South Korea's top family-run conglomerate, is expected to spend 50 trillion won ($46.3 billion) for facility and R&D investment this year, a company official said, a similar amount from last year, following a reshuffle with its chairman, Lee Kun-hee, still sick in bed. Samsung is estimated to have invested between 49 trillion and 50 trillion won in 2014, according to market analys...

South Korean manufacturers are likely to increase their facility investment in 2015 with makers of appliances, machineries and autos taking the lead, a business poll showed Tuesday. According to the survey of 500 manufacturers by the Korea Chamber of Commerce and Industry, the manufacturers' facility investment is predicted to rise an average 3.4 percent this year from a year ago. Of the respon...

LG Uplus Inc., South Korea's smallest mobile carrier, has been shortlisted for the stake sale of Ticket Monster Inc., the first deal-of-the-day website in the country currently owned by U.S. Groupon Inc., company and industry sources said Friday. LG Uplus said in a regulatory filing that it has submitted a letter of intent for the bid. The company spokesman declined to comment further, citing th...

South Korea's No. 2 tech giant LG Electronics Inc. on Tuesday showcased its new smart platforms at the Consumer Electronics Show (CES) taking place in Las Vegas, adding the platforms will help it expand its footprint in Internet-of-Things (IoT) businesses. At this year's CES, LG showcased the Web OS 2.0, an updated version of the Web OS smart TV platform released last year. The company said the ...

South Korea's top tech giant, Samsung Electronics Co., ranked No. 2 in research and development (R&D) spending for the second consecutive year in 2013, data showed Tuesday. According to the Korea Institute of Science and Technology Evaluation and Planning (KISTEP), which cited the data compiled by the European Commission, Samsung spent 10.16 billion euros (US$12.12 billion) on R&D projects in 20...

Hyundai Motor Group, the world's fifth-largest automaker, said Monday that its U.S. sales reached an all-time high in 2014 despite lingering worries over slowing global economic recovery and intensifying competition from Japanese rivals supported by the weak yen. Hyundai Motor America (HMA) and Kia Motors America (KMA), the distribution and marketing arms of the group's flagship companies, said ...

South Korea's top tech giant, Samsung Electronics Co., said Tuesday it plans to inject US$100 million into funding start-ups and developers of the Internet-of-Things (IoT) technologies, adding all Samsung products will be connected to the IoT network by 2020. "The IoT is the source of infinite potential that can enrich livelihoods and protect people depending on their needs and situations, furth...

Hyundai Motor Group, the world's fifth-largest automaker, said Tuesday it will invest about 81 trillion won (US$73 billion) over the next four years as it seeks to become a global leader by improving facilities and securing core technologies. Hyundai Motor Group said it will spend 49.1 trillion won in building new plants and expanding facilities by 2018, and invest 31.6 trillion won on research ...

South Korea’s transportation ministry launched an internal inspection Thursday into how it conducted its investigation into Korean Air’s “nut rage,” pressured by mounting criticism that it intended to acquit the airline and its troubled former vice president. “We will thoroughly review all proceedings of the investigation to see if there were any flaws,” an official from the Ministry of Land, In...