Kia Motors launches new compact car

Kia Motors, South Korea’s second-largest auto manufacturer, launched the third-generation Smart Compact All New Morning at a media showcase Tuesday. Kia Motors President Park Han-woo (right) and Executive Vice President Kim Chang...

Korea to invest W98.2b in upgrading biopharma evaluation guidelines

The South Korean government said Tuesday that it would invest 98.2 billion won ($82.76 million) in improving its evaluation guidelines for new biopharmaceutical products over the next 10 years. The plans came as part of the latest...

KT debuts audio visual AI platform Genie

KT, the second-largest mobile carrier in South Korea, on Tuesday unveiled an artificial intelligence-based Internet Protocol television setup box with an aim to realize smart home system centering on TV. Named “GiGA Genie,” the ...

Samsung, LG ‘intimidated by Chinese firms’ at the CES

Executives from Korea’s biggest tech firms told top policymakers that they were intimidated by Chinese companies’ improved home appliance technology unveiled at the latest Consumer Electronics Show."We were intimidated to see im...

Lotte, Shilla mulling Hong Kong Airport bid

Korea‘s two largest duty-free operators are mulling bids to run outlets at Hong Kong International Airport, according to the two companies Tuesday.Although both Lotte Duty Free and The Shilla Duty Free held back from confirming t...

Korea to not ask Japan to resume negotiations for currency swap deal

South Korea has no plan to ask Japan to resume negotiations for a currency swap which Tokyo suspended for diplomatic reasons, a senior finance ministry official said Tuesday."There has been no contact with Japan since it announced...

Political crisis has made business in Korea more difficult: ECCK

European businesses in South Korea are increasingly voicing negative feedback regarding the business environment here, a survey by the European Chamber of Commerce in Korea showed Tuesday. Of the 131 European executives polled, 6...

[Photo News] Queueing to lend their voices

QUEUEING TO LEND THEIR VOICES -- People wait in line to participate in Standard Chartered Bank Korea’s campaign to use their voices to create educational audio content for visually impaired teenagers at the bank’s head office in...

Korea’s ample money supply not translating into circulation

The money supply in South Korea has rapidly grown in recent months, but this has not translated into fast circulation amid weak sentiment toward investment and consumption, data from the central bank showed Tuesday.According to th...

PyeongChang 2018 chief says Olympic prep 'clean' despite scandal

The head of the 2018 PyeongChang Winter Olympics said Tuesday that preparation for the games has been "clean," even with the sports community mired in a nation-rocking influence-peddling scandal.At his first press conference of 20...

Korea mulls over resolving trade friction from THAAD at WTO

South Korea is exploring the "possibility" of resolving the ongoing trade and economic feud with China over Seoul and Washington's joint decision to deploy an advanced missile defense system through the World Trade Organization, a...

Volkswagen executive to visit Seoul prosecution over emissions scandal

A senior executive of German carmaker Volkswagen will visit South Korean investigators this week to discuss issues related to its emissions scandal, the prosecution said Tuesday.Francisco Javier Garcia Sanz, member of Volkswagen A...

Govt. to expand financial support for SMEs

The South Korean government said Tuesday it will provide small and medium-sized enterprises here with a record level of financial support this year via policy lenders to help them weather difficult business conditions.The lenders ...

GM Korea chief says will reach double-digit market share in 2017

GM Korea Co., the South Korean unit of US automaker General Motors Co., will again see domestic sales grow this year, its CEO James Kim said Tuesday, adding he was confident the company's market share will breach the 10-percent ma...

Retailers' business sentiment hits 4-yr low in Q1

South Korean retailers' business sentiment plunged to the lowest in four years in the first quarter of the year, affected by a protracted slump in domestic demand and the implementation of an anti-graft law, data showed Tuesday.Th...