Most Popular
-
1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
2
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
3
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
4
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
5
DP leader says he will meet Yoon without conditions
-
6
First-ever meeting of president, opposition chief set to finally happen
-
7
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
8
Experts raise concerns about Japan putting pressure on Naver over Line
-
9
Samsung mobile chief, Google device head meet in Seoul
-
10
Ship linked to NK arms shipments to Russia is moored in China: State Dept.
-
LG aims W50tr to go from smokestack to high-tech
OCHANG/CHEONGJU, North Chungcheong Province ― LG Group’s chemical affiliates is targeting 50 trillion won ($46 billion) in sales by 2016 in a bid to complete the firms’ transition from smokestack to high-tech.The combined sales target of LG Chem, LG Household & Healthcare, LG Hausys and LG Life Sciences would mean double the 24.8 trillion won they raised last year. The growth, LG said, would be dr
IndustryMay 29, 2011
-
Hyundai Mobis in world’s top 10 suppliers
Hyundai Mobis, Korea’s leading auto parts maker, was named one of the world’s top 10 suppliers on the back of robust sales, an industry report showed Sunday.According to the report by Detroit-based Automotive News, Mobis was ranked as the eighth-largest parts manufacturers in 2010 in terms of sales, up four notches from the previous year.Its revenue jumped 28.7 percent to $14.43 billion last year
IndustryMay 29, 2011
-
Low birthrate to maim Korea’s growth: OECD
A low birthrate and rapidly aging population is projected to pull South Korea’s economic growth rate from second place to ninth among Organization for Economic Cooperation and Development members by 2026.A report by the club of 34 major economies said the annual rate of growth in the South Korean economy will fall to 2.4 percent after 2026, a sharp downturn from its 6.2 percent expansion in 2010,
May 29, 2011
-
Seoul shares likely to gain ground this week
The Korean stock market is forecast to maintain its upward momentum this week, but the growth pace may be slow due to lingering concerns about the global recovery, analysts said.The benchmark KOSPI wrapped up last week at 2,100.24, down 0.53 percent from a week earlier.The KOSPI lost ground earlier last week as weaker U.S. economic data and the eurozone debt crisis raised concerns about the global
May 29, 2011
-
N.K. trade up 22% in 2010: report
North Korea’s trade volume soared 22 percent in 2010 from a year earlier as the communist state boosted exports of minerals to earn hard currency and increased imports of fuels, mostly oil, a local trade agency said Friday.North Korea’s imports and exports, excluding those with South Korea, jumped 22.3 percent on-year to $4.17 billion last year, according to the state-run Korea Trade-Investment Pr
May 29, 2011
-
Business sentiment remains positive for June
Korea’s major companies remain positive about their business conditions for June on expectations of growing exports and improving economic conditions, a poll showed Sunday.The monthly Business Survey Index for the upcoming month came in at 104.3, unchanged from May when the reading turned positive after it dipped to 98.4 the previous month, according to the Federation of Korean Industries, the cou
May 29, 2011
-
Listed firms change CEO every 31 months: data
The average term of a chief executive officer at listed firms was 31 months, data showed on Sunday.It was also found that a single firm reseated its CEO an average of 3.7 times over the past 10 years, according to data released by Chaebul.com, a website that provides information on the country’s conglomerates. The survey was conducted on 992 listed firms.A firm that changed its chief executive in
May 29, 2011
-
More foreigners take insurance
Top Korean firms see surge in foreign customers here The loan default rate of KoreanThe number of foreigners subscribed to insurance in Korea last year doubled from 2005, mainly due to relaxed application procedures and the rising number of international marriages, industry sources said Sunday.The number of foreigners who have subscribed to insurance offered by the country’s top three insurance fi
May 29, 2011
-
Lamborghini to launch new ‘everyday’ model
MobilityMay 29, 2011
-
Volkswagen sees new U.S. plant as key to topping Toyota Motor
MobilityMay 29, 2011
-
India’s Tata Motors reports flourishing profits, led by JLR
MUMBAI (AFP) ― India’s top vehicle maker Tata Motors on Thursday reported a nearly fourfold increase in annual profit, boosted by booming sales and strong demand for British brands Jaguar and Land Rover.Net profit was 92.7 billion rupees ($2.04 billion) for the year to the end of March 2011, up from 25.7 billion rupees in the previous year, the company said in a statement to the Bombay Stock Excha
MobilityMay 29, 2011
-
Jaguar draws customers with unique designs
Jaguar is targeting the Korean market by launching modern sedans and increasing the number of showrooms in major cities here.Its unique and beautiful designs are attracting Korean customers, especially people who want to buy a different type of car.“Many owners of BMW or Mercedes-Benz have replaced their cars with Jaguar models,” a Jaguar-Land Rover Korea spokesman said.“While vehicles of German o
MobilityMay 29, 2011
-
Korea, Germany vie to be world’s No. 4 carmaker
Seoul is projected to capture 11% of the world’s auto production market within four yearsKorea has been striving to become one of the world’s four largest automakers, though the nation ranked fifth for six consecutive years between 2005 and 2010.Though Korea grabbed fourth place in the global auto manufacturing ranking in 1997, it suffered difficulties in the wake of the 1997-98 financial crisis.N
MobilityMay 29, 2011
-
Coffee drinkers won’t get break on higher prices
Colombia, the second-largest producer of mild arabica coffee bought by companies such as Starbucks Corp. and Nestle SA, said consumers will have to get used to higher prices because of rising demand and reduced supply. Production next year will fall short of consumption, keeping the cost of arabica coffee in a range of $2 to $3 a pound for the next 12 months, according to Colombian National Coffee
IndustryMay 29, 2011
-
Biden hails U.S. auto industry rebound
IndustryMay 29, 2011
-
10 more savings banks to face probe
Watchdog likely to suspend around three more savings banksFinancial regulators plan to launch fresh investigations into 10 more savings banks that survived the probe earlier this year, brewing another round of major upheaval in the country’s scandal-ridden secondary banking sector.A taskforce of auditors from three state agencies ― Financial Supervisory Service, Financial Services Commission and K
May 29, 2011
-
Aussie student finds universe's 'missing mass'
This NASA illustration photo shows stars that are forming in a dwarf starburst galaxy located about 30 million light years from Earth. A 22-year-old Australian university student has solved a problem which has puzzled astrophysicists for decades, discovering part of the so-called "missing mass" of the universe during her summer break. (NASA)SYDNEY (AFP) – A 22-year-old Australian university studen
TechnologyMay 29, 2011
-
Staying in style with second-hand shops
Koreans’ love for labels keeps used-goods industry bustlingKim Hae-mi had been more than a little doubtful as to whether it was a good idea to pick out the first Chanel bag of her life from a second-hand store. She recalled how unenthusiastic she was when she made the trip to Myeong-dong, a popular local shopping district in downtown Seoul dotted with the second-hand and consignment shops. But she
IndustryMay 27, 2011
-
Samsung SDI takes over battery business
Samsung Electronics Co., the world’s top memory chip maker, will unload its solar battery business to its affiliate Samsung SDI Co. for 160.8 billion won ($147.6 million), the companies said Friday, in an apparent bid to revitalize the team’s disappointing performance, The boards of the two companies each approved the plan, which calls for Samsung Electronics to hand over its solar battery workfor
IndustryMay 27, 2011
-
STX supports volunteer projects
STX Group on Thursday selected three social contribution projects devised by employees of subsidiaries that will receive the company’s support.The selected projects each received 1 million won ($925) from the company to be used for funding the activities. STX Corp. president Choo Sung-yob (second from right) poses with winners of volunteer projects. (STX Corp.)The company said that the event took
IndustryMay 27, 2011