Most Popular
-
1
N. Korea fires multiple short-range ballistic missiles toward East Sea
-
2
Samsung’s yearly dilemma looms: Exynos vs. Snapdragon
-
3
Yoon to visit Prague next week to forge 'nuclear energy alliance'
-
4
Is NewJeans leaving Hybe?
-
5
1 in 4 Korean workers extend Chuseok holiday with paid leave: survey
-
6
Life sentence finalized for killer in Sillim rampage
-
7
What comes after love? Ex-lovers cross paths in new Coupang Play series
-
8
Hyundai Motor, GM join hands to shake up EV landscape
-
9
Why is NK back to firing missiles after monthslong hiatus?
-
10
N. Korea publicly discloses uranium enrichment facility for 1st time
-
Audi introduces new Audi TT in S. Korea
Audi Korea, the local importer and distributor of luxury German car brand Audi, introduced the facelift version of the Audi TT sports coupe in South Korea Monday. Audi Korea introduced the new Audi TT (Yonhap News)The new Audi TT comes in two trims -- the Audi TT Coupe 2.0 TFSI Quattro and Audi TT Roadster 2.0 TFSI Quattro.They both come with a four-cylinder 2.0-liter gasoline engine that produces
MobilityMarch 21, 2011
-
Hyundai Heavy to ship packaged power stations to Japan
Hyundai Heavy Industries Co. will provide four packaged power stations for areas affected by the earthquake and the tsunami in Japan, the Ministry of Foreign Affairs and Trade announced Sunday.Packaged power stations are transportable electricity-generating equipment packaged into 40-feet shipping containers. The packaged power stations will be used to supply power to the cooling system at the dam
IndustryMarch 20, 2011
-
Samsung sending additonal relief aid
Samsung Group said Sunday it will make an additional donation of supplies to Japan amid a near rush by businesses here to help people in the neighboring country hit by the powerful earthquake and tsunami.The nation’s largest business group earlier gave 100 million yen ($1.23 million) and 2,000 sets of emergency relief supplies, worth about 30 million yen, to Japan’s Red Cross Society.The group wil
March 20, 2011
-
Extended Japan crisis could inflict damage on Korean companies
Damages to South Korean businesses from the quake in Japan are still limited, but they may become more visible and serious if the problems facing Japanese firms become prolonged, market observers said Sunday.The most direct damage to South Korean companies came from the loss of containers containing products awaiting delivery in Japan.The Korea Maritime Institute estimated the country’s shipping c
March 20, 2011
-
N.K. sends floral wreath for late Hyundai founder
North Korea has sent a wreath to Hyundai Group to commemorate the 10th anniversary of the death of Hyundai founder Chung Ju-yung, the conglomerate said Sunday, amid efforts by Pyongyang to improve ties with Seoul that quickly deteriorated following the North’s sinking of a South Korean warship and attack on a border island last year.The wreath from the North’s Korea Asia-Pacific Peace Committee wa
March 20, 2011
-
Seoul shares face downward pressure
South Korean stocks will trade in negative territory this week as uncertainties in Japan and the Middle East are likely to dampen investors’ appetite for risks, analysts said.After moving with great volatility, the benchmark Korea Composite Stock Price Index closed at 1,981.13 on Friday, up 25.59 points, or 1.31 percent, from one week ago.The Seoul bourse was the sole stock market in Asia that fin
March 20, 2011
-
Business failures hit record low
The number of South Korean corporate bankruptcies fell to a record-low level in February on the back of the country’s continued economic recovery, the central bank said Sunday.The number of companies that went bankrupt totaled 99 last month, down from 102 in the previous month, according to the Bank of Korea. The latest figure marked the smallest monthly number of business failures since the centr
March 20, 2011
-
Hana Daetoo Securities, Wise Asset face sanctions
The Financial Supervisory Service is set to reprimand a local asset management firm and a brokerage house for incurring huge losses by conducting allegedly reckless investments in stocks last November.The companies which faced regulatory punishment are Wise Asset and Hana Daetoo Securities. They were reportedly negligent in internal controlling, according to the FSS.Though the FSS had planned to f
March 20, 2011
-
G20 to discuss Japan impact on economy
Finance ministers from the Group of 20 member nations will hold a meeting in Washington, D.C. next month to discuss the economic impacts of the Japanese crisis and measures to curb volatility in global financial and commodity markets, government officials said Sunday. The meeting, slated for April 14-15, is mainly aimed at gauging the aftereffects on the energy sector amid the nuclear crisis follo
March 20, 2011
-
KCCI offers relief aid to Japanese quake victims
Chairman of the Korea Chamber of Commerce and Industry, Sohn Kyung-shik, has sent letters to his Japanese counterparts expressing sympathy for Japan’s earthquake victims.The organization also plans to send the relief funds raised from 71 of its regional chambers to Japan this week, chamber officials said Sunday.In separate letters to the Japanese chamber and the chamber of commerce representing Se
March 20, 2011
-
S-Oil donates W500 million for Japan
S-Oil Corp., the nation’s third-largest refiner, entrusted the Community Chest of Korea with a relief fund totaling 500 million won ($440,000) to support Japan, company officials said Sunday.“As Japan is now undergoing an unimaginable difficulty due to last week’s massive earthquake, we decided to provide humanitarian aid for the country,” S-Oil CEO Ahmed A. Subaey said. S-Oil CEO Ahmed A. Subaey
IndustryMarch 20, 2011
-
KEPCO denies rumors of importing UAE nuke waste
Utility firm seeks court order banning magazine report on possible import of fuelThe state-run Korea Electric Power Corp. said on Saturday that it has filed for injunction in a Seoul court calling for the banning of the distribution of the monthly Shindonga magazine. They argue that its news report that Korea may be responsible for the disposal of nuclear waste from the planned nuclear power plant
IndustryMarch 20, 2011
-
Honda suspends orders for Japan-Built car
Honda Motor Co., the Japanese carmaker that builds most of the autos it sells in the U.S. at North American plants, is temporarily halting orders from U.S. dealers of Japan-built models after a suspension of production there following last week’s earthquake.Honda informed U.S. Honda and Acura dealers, who typically order vehicles six weeks in advance, of the suspension yesterday in a memo, said Ch
MobilityMarch 20, 2011
-
New BMW R1200R hits local market
BMW Korea launched the new R1200R roadster motorcycle on the local market on Tuesday. The bike is fitted with a 1,170 cubic centimeter engine that puts out 110-brake horsepower, and manages 24 kilometers per liter when traveling at 90 kilometers per hour. BMW R1200RThe vehicle also comes with a number of safety features including automatic stability control and anti-lock braking systems as standa
MobilityMarch 20, 2011
-
Harley-Davidson to fix faulty oil tank
Harley-Davidson Korea announced on Wednesday that oil tanks fitted in 833 XL Sportster and XR1200 vehicles sold in Korea will be replaced due to faults that may develop in cold conditions.According to the company, oil tanks fitted in model year 2004 to 2009 XL Sportster motorcycles and 2009 XR1200 could become damaged when condensation within the tank freezes in low temperatures. The company will
MobilityMarch 20, 2011
-
Hyundai adds diesel engine to i30 lineup
Hyundai Motor Co. added the new U2 diesel engine to the i30 and i30CW compact car lineup on Wednesday. The new 1.6-liter U2 diesel engine puts out 128-brake horsepower, and manages 18.1 kilometers per liter with automatic transmission, and 22 kilometers per liter with manual transmission, which according to the company is about 10 percent more efficient than the older diesel engine. i30The engine
MobilityMarch 20, 2011
-
Small vehicles shine amid oil hikes
City car sales jump 45% in Feb. on low costs, convenience, numerous incentivesYoon So-ra had been dreaming of a sleek, smooth-driving sedan for her first car. After three years on her first job, the 27-year-old office worker is now more budget-conscious and leaning toward cheaper, energy-saving small cars.“I first thought of buying a mid-size used car,” Yoon said while looking around a Kia Motor C
MobilityMarch 20, 2011
-
Jumbo size burger introduced at GS Supermarkets
A jumbo burger four times bigger than the McDonald’s bulgogi burger has hit the market.Named “The Greatest Burger,” it is has been available for sale since Friday at GS Supermarkets nationwide. The super-sized burger, which is 25 centimeters in diameter and weighs about 600 grams, is served in a cardboard box, not wrapped in a paper, as it is about the size of a regular-sized pizza. Although the p
March 20, 2011
-
More Korean businesses join campaign to support Japan
Korean businesses including Hyundai Motor Group, SK Group and S-Oil have forged financial support for Japan in the aftermath of the massive earthquake and an ensuing tsunami it suffered last week, they said Thursday. Hyundai Motors Group will donate $1.3 million to Korean Red Cross which will be delivered to the Japanese Red Cross and be spent on buying blankets and food, it said. “We express our
IndustryMarch 20, 2011
-
Toyota recalls Lexus vehicles in S. Korea on faulty floor mats
Toyota is voluntarily recalling its Lexus vehicles in South Korea to address problems with removable floor mats that could cause accelerators to get stuck, the country's transportation ministry said Sunday. RX350 (Yonhap News) Toyota Korea, the local distributor of the Japanese automaker, will recall 2,571 Lexus vehicles sold between February 2003 and July 2006. They include 2,292 Lexus RX330 c
MobilityMarch 20, 2011
