Samsung to freeze executives’ wages

South Korea’s top conglomerate Samsung Group said Friday it would freeze wages for its executives next year, a move apparently reflecting attempts to recoup falling returns from care businesses.Paychecks for around 2,000 executiv...

Hyundai Motor’s sales in Brazil up 10.5% in November

Hyundai Motor, South Korea’s No. 1 automaker, made the top five in Brazil in terms of sales for two straight months in November despite the overall weak demand in the country, industry data showed Friday.According to the data off...

Korea, China to back start-ups using state technology

South Korea’s Ministry of Science, ICT and Future Planning said Friday that it would support start-ups that create services and products based on technologies developed by state-run universities and research institutes to enter t...

Korean Air grilled over cover-up

The probe into the Korean Air “nut rage” incident intensified as the prosecutors appeared to have shifted their focus to determining whether Heather Cho and other employees were involved in destroying related evidence. The Seoul...