Hyundai family groups Thursday began 11 days of commemoration for the 10th anniversary of the death of founder Chung Ju-yung. The former Hyundai Group chairman is widely respected for his contribution to Korea’s emergence from a war-torn basket case to an industrial powerhouse. He died from complications brought on by pneumonia on March 21, 2001 at the age of 85 leaving behind a colossal busine...

POSCO chief executive Chung Joon-yang was appointed as the co-chief of the Ministry of Gender Equality and Family’s expert forum on multicultural families, the steelmaker announced Thursday. Chung will head the forum with Chung-Ang University honorary professor Kim Yang-hee. POSCO said that Chung was selected as the co-chief of the forum, which consists of experts from concerned fields, in reco...

There are online and offline manuals telling you how to use Twitter and Facebook, but few tell you what not to post there. You can tell every detail of your life to your friends and family in person, but online, being so open can hurt you because it can be read by anyone, according to Forbes and the Huffington Post . This is why many people in South Korea become hesitant to use these services,...

Samsung emphasizes smarter online features, LG claims brighter, clearer picture Korea’s electronics powerhouses, Samsung and LG, are embroiled in a bitter war of words trumpeting the superiority of their 3-D TV technologies. The two top TV makers are pinning high hopes on the next-generation moving picture which promises to create lucrative revenue sources. The battle is becoming increasingly ...

South Korea's central bank raised the key interest rate on Thursday by a quarter percentage point in a bid to put a lid on growing inflationary pressure sparked by rising oil and food prices. Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers hiked the benchmark seven-day repo rate, dubbed the base rate, to 3 percent, following a rate freeze in February. It marked the fourth rat...

The Group of 20 major economies are likely to come up with different numerical current account targets for each member nation in April to correct global trade imbalances, said Sohn Byung-doo, director general of the newly established G20 bureau at the Finance Ministry. Updating on the G20 agenda, Sohn said the G20 is on its way to delivering optimum trade surplus and deficit targets that cater f...

In the early days of her 30-year career, Lee Young-hui, executive vice president for Korea’s telecom titan KT Corp., said that she had to challenge the norm and work hard to earn even things taken for granted by her male colleagues. “I didn’t imagine promotion was possible for women,” Lee told Yonhap News Agency in a recent interview in her office south of Seoul. “Back then, women were not even ...

SEATTLE (AP) ― Starbucks customers saw something new Tuesday when they sipped their coffee. The Seattle-based company rolled out its new words-free logo Tuesday on all its cups. Signs also changed at a handful of stores, and the new logo will show up on more storefronts in the future. The Associated Press first reported in January that Starbucks was updating its logo and would introduce it this...