Most Popular
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‘Drag lawmakers out’: Yoon’s chilling order to commander
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Korean millennials, Gen Z make presence felt at protests
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Speak or not to speak? K-pop stars face dilemma amid national crisis
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NewJeans manager files workplace harassment complaint against Ador CEO Kim Ju-young
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Joint investigation team on Yoon launched
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Prosecutors tighten grip on Kim
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Will ruling party lawmakers change course?
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Milwaukee Tools launches small yet powerful impact wrench
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Assembly passes reduced budget plan, special counsel
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Signs surface that martial law plotted well in advance
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KITA sets up Vietnam office
Korea International Trade Association chairman SaKong Il (third from left), Ho Chi Minh City Vice Mayor Nguyen Thi Hong (second from left), Korean ambassador to Vietnam Ha Chan-ho (fifth from left), SeAH Steel Corp. chairman Lee Woon-hyung (eighth from left) and other officials cut the tape at a cer
IndustrySept. 7, 2011
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FSS, Korea Exchange to probe ‘celebrity stocks’
The Financial Supervisory Service and Korea Exchange have embarked on a joint investigation into alleged manipulation of stocks connected to politicians and well-known figures.A group of retail investors has been chasing so-called “celebrity stocks” related to politicians and famous figures without
Sept. 7, 2011
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14,400 bottles of wine as a gift to shipbuilder
Hyundai Samho Heavy Industries’ employees hold glasses of wine in front of the ship being built for the German shipping firm Peter Doehle in Yeongam, South Jeolla Province, on Wednesday. (Hyundai Samho Heavy Industries Co.)Hyundai Samho Heavy Industries Co. received 14,400 bottles of wine from a Ger
IndustrySept. 7, 2011
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‘iPhone to overtake Nokia in smartphone shipments’
U.S. IT giant Apple is set to become the world’s largest smartphone manufacturer by volume, overtaking Nokia for the first time, a report showed on Tuesday.According to DigiTimes, a Taipei-based daily, Apple is expected to take 19 percent of the global smartphone market with shipments of 86.4 millio
TechnologySept. 7, 2011
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Hyundai Oilbank launches ‘1 percent’ donation initiative
Executives and employees of Hyundai Oilbank pledged on Wednesday to donate 1 percent of their salaries each month via payroll deduction, stepping up the company’s social contribution efforts. Officials including chief executive Kwon Oh-gap and union leaders signed an agreement at its Seoul headquart
IndustrySept. 7, 2011
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LCD prices hit record low on oversupply, weak demand
Prices of liquid crystal display panels, a key export item for South Korea’s technology firms, plunged to all-time lows on oversupply and weak demand, industry data showed Wednesday. The latest data compiled by DisplaySearch showed that not only the prices of large-size LCD panels for TVs, but also
TechnologySept. 7, 2011
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Hite-Jinro unveils corporate identity, vision
Hite-Jinro Group has unveiled its new vision to enter the global market as it relaunches after merging Korea’s top beer and soju makers into a single liquor giant.Hite Brewery Co., the country’s biggest beer producer with a 55.8 percent stake in the Korean market as of last year, took over Jinro Co.
IndustrySept. 7, 2011
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Apple’s iPhone to overtake Nokia on smartphone shipment: report
U.S. IT giant Apple is set to become the world’s largest smartphone manufacturer by volume, overtaking Nokia, a report showed on Tuesday.According to DigiTimes, a Taipei-based daily, Apple is expected to take 19 percent of the global smartphone market with shipments of 86.4 million units this year.
IndustrySept. 7, 2011
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After raid, Google vows cooperation with Korea's anti-trust probe
WASHINGTON (Yonhap) -- Google Inc. said Tuesday that it will cooperate with South Korea's investigation into its alleged unfair business practices, as reports said the local authorities raided the firm's Seoul offices.South Korea's Fair Trade Commission (FTC) raided the offices earlier in the day as
IndustrySept. 7, 2011
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Kookmin Bank secures $100m FX credit line
South Korea’s top lender Kookmin Bank has recently inked a $100 million foreign currency committed line with an overseas financial firm, sources said Tuesday, joining other banks seeking to diversify their foreign funding.Kookmin is also in talks with other foreign financial companies to expand its
Sept. 6, 2011
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Korea faces high inflation, growing uncertainties
South Korea is faced with growing inflationary pressure and expanded economic uncertainties stemming from worries over a global slowdown, the Finance Ministry said Tuesday.“Our economy is confronted with fast accelerating inflation that stands in the 5 percent range with some latest indicators falte
Sept. 6, 2011
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SK Networks may sell school uniform business
SK Networks is seeking a buyer to take over its uniform business, local media reported Tuesday.According to reports citing an unidentified SK Networks official, the company is looking for a buyer, and a number of potential buyers conducted preliminary due diligence on the matter last week.The compan
IndustrySept. 6, 2011
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Merck showcases solar materials in Germany
Merck KGaA, a multinational pharmaceutical and chemical group, said Tuesday it is showcasing its newest components of a solar power system at a tradeshow in Germany this week.About 950 companies and organizations from more than 100 countries gathered in Hamburg to catch up on the latest trends and d
IndustrySept. 6, 2011
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Retail giants agree on commission cut
The Fair Trade Commission said Tuesday that major retailers have agreed to lower the commission they charge traders who use their floor space from October.According to the antitrust regulator, FTC chairman Kim Dong-soo and 11 CEOs of department stores, discount chains and home-shopping channels reac
IndustrySept. 6, 2011
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Real income growth lowest in 2 years
Korea’s economic growth slightly up from estimate thanks to public spendingKoreans saw the growth rate of their purchasing power fall to a two-year low during the second quarter of 2011, though the index inched up.The Bank of Korea said Tuesday that the gross national income inched up 0.6 percent to
Sept. 6, 2011
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Korea now 7th-largest builder
South Korea took up the seventh position in the global construction market in terms of combined orders won by its builders last year, a trade association said Tuesday.The Korea Federation of Construction Contractors said South Korea’s 11 construction firms clinched a combined market share of 4.8 per
IndustrySept. 6, 2011
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Airlines to hire record number of staff
Korean Air and Asiana Airlines, Korea’s two plan to hire a record number of new employees this year.Korean Air said Monday it will add 330 new crew members to the 1,000 already hired in the first half of the year to smooth operation of new aircraft and routes.Asiana plans to bring in 465 young skill
IndustrySept. 6, 2011
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Banks told to slash...rates on overdue loans
The Financial Supervisory Service said Tuesday that it would ease the burden on consumers by instructing banks to slash additional interest rates on overdue loans.The measure comes as part of the regulator’s policy to enhance consumer rights while low- and middle-income households suffer from high a
Sept. 6, 2011
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‘Integration of supply chain key to meat exports’
HORSENS, Denmark ― For struggling local red meat producers in the post-Korea-EU FTA market, the surest way to seek advice was to go to Danish Crown, Europe’s top pork exporter that continues to expand despite one of the world’s highest production costs.At the Danish livestock farmer co-op’s slaughte
IndustrySept. 6, 2011
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‘Samsung moves to adopt new 3-D display technology’
An LG executive said Tuesday that the firm’s rival Samsung Electronics is moving away from the active 3-D display technology and develop its own “passive” technology for its TVs.The executive, who wished to remain unidentified, said that Samsung will adopt the passive 3-D technology although it will
IndustrySept. 6, 2011
