Most Popular
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Yoon apologizes for first lady Dior bag scandal, calls push for special probe ‘political’
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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Young Korean doctors seek plan B: cosmetic dermatology or overseas
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South Korea open to Indonesian proposal to cut KF-21 payments
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Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
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Korea forecast to overtake Taiwan in chip production by 2032: report
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Coupang earnings hit hard by losses from ailing Farfetch
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[K-pop’s dilemma] Time, profit pressures work against originality
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Why femicide and dating violence are growing issues in S. Korea
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Louis Vuitton opens first airport store
Incheon Airport expects opening to help attain goal of becoming No. 1 duty free stopLouis Vuitton on Saturday opened its first-ever airport store at Incheon International Airport in partnership with Shilla Duty Free.With the new opening of the 550-square-meter mega store, industry sources expected t
Sept. 13, 2011
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Samsung mulls comeback to Japanese TV market: source
Samsung Electronics Co., the world’s top TV supplier, is considering a reentry into the Japanese TV market after it quit the country four years ago, an industry source said Tuesday. Negotiations between Samsung and one of the top three Japanese retailers are underway, which could start sales of Sams
Sept. 13, 2011
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LG Poland cluster: Electronics giant’s EU hub
Korean conglomerate’s industrial complex reflects chairman’s commitment to growth synergy in overseas projectsWROCLAW, Poland ― About 300 kilometers to the southwest from Poland’s capital Warsaw is a large LG cluster in the heart of a special economic zone in Wroclaw, one of the main cities in this
Sept. 13, 2011
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CJ Cheiljedang aims at China's frozen dumpling market
HONG KONG (Yonhap News) – South Korea's largest food company CJ Cheiljedang Corp. plans to enter China's frozen dumpling market in a bid to expand its presence in the world's most populous market, company officials said Monday.CJ DCH Guangdong Frozen Food Co., a joint venture between CJ Cheilj
Sept. 12, 2011
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Consumer complaints about social commerce sites on rise
An increasing number of customers of social commerce sites said they were dissatisfied with faulty contracts or poor services offered by business operators, a report showed Monday.Social commerce, a business model that is most well known through U.S. online commerce site operator Groupon Inc., gener
Sept. 12, 2011
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Korean restaurant chains seek success abroad
From fried chicken to bibimbap, Korean franchises lined up for overseas marketsThe first overseas store of Bulgogi Brothers, a local franchise specializing in Korean barbeque, opened Thursday within a hip shopping mall in Makati, the financial hub of the Philippines. For Zeus Yi, the company’s presi
Sept. 9, 2011
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Samsung Electronics loses key lawsuit against Apple in Germany
DUSSELDORF, Germany (Yonhap News) – A German court on Friday turned down a request by Samsung Electronics Co. to nullify Apple Inc.'s injunction granted earlier to ban the sale and marketing of its Galaxy Tab tablet computer in the European country.The Dusseldorf court decision dealt a blow to
Sept. 9, 2011
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STX’s Finnish subsidiary wins $420m order
STX Group announced Friday that its European subsidiary signed a $420 million contract to build to well intervention vessels for Norway’s Eide Marine Services AS.A well intervention vessel is a ship designed to carry out works related to underwater oil and gas wells ranging from pre-drilling surveys
Sept. 9, 2011
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LG enters launderette market
LG Electronics on Thursday opened a self-service laundry in New York equipped with only its products as it pushes to expand business-to-business sales in the United States.The self-service laundry will be operated by Coinmach Corp., the largest laundry service in the U.S. According to LG Electronics
Sept. 9, 2011
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Samsung Card latest in line of data hacks
Credit-card issuer faces criticism for attempting to downplay scale of breachSamsung Card, one of the nation’s leading credit card companies, is under fire for trying to downplay the leak of clients’ personal information as concerns mount over the frequent exposure of such data online in the world’s
Sept. 9, 2011
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Daewoo Shipbuilding to employ, train high school graduates
Daewoo Shipbuilding and Marine Engineering Co. announced Thursday it will set up an institute for training high school graduates.The company said that the institution, which will be headed by the company’s chief technology officer Lee Yeong-man, will put high school graduates through a four-year tra
Sept. 8, 2011
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Daewoo International buys Indonesia palm oil firm
Daewoo International Corp., the country’s largest grain trader, announced Thursday it has acquired an 85 percent stake in an Indonesian palm oil producer, upping the ante for its overseas agricultural business.Through the 57 billion won ($53 million) deal with PT. Bio Inti Agrindo, Daewoo plans to c
Sept. 8, 2011
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SK E&C ships world’s largest crude column
The crude column produced by SK Engineering and Construction Co. sits on board the Dutch ship that will carry it to the United Arab Emirates at an Ulsan port on Wednesday. (SK E&C)SK Engineering and Construction Co. announced Thursday that it shipped the largest ever crude column to the United Arab
Sept. 8, 2011
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New rules to prop up small SI firms
Korea considers banning corporate affiliates from public projectsThe government is considering banning system integration companies affiliated with conglomerates from competing for public sector SI projects for fear of stamping out the smaller players, the Ministry of Knowledge Economy said on Thurs
Sept. 8, 2011
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Foreign luxury brands slow to ‘give back’
Foreign luxury brands have seen their sales in Korea almost triple in recent years but they were stingy in giving back to society, research found Thursday. The Korea sales of the top 15 foreign high-end brands jumped from 1.42 trillion won ($1.32 billion) in 2005 to 3.87 trillion won last year, said
Sept. 8, 2011
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Korea puts off plan to raise limit on duty free shopping
The nation’s customs agency on Thursday again put off raising the limit on the duty free allowance for travelers coming from overseas, citing economic uncertainties inside and outside of the country. Under the current law, Korean travelers are required to report their overseas purchases in excess of
Sept. 8, 2011
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[News Focus] 3-D display technology to meet transition era
A model showcases a 27 inch “Cinema 3-D TV” in Seoul on Thursday. (LGE)Samsung likely to go LG way in 3-DThe information and technology industry is a rapidly changing one where the hottest trend of yesterday becomes an old one and gets replaced by another even before one realizes it.In the midst of
Sept. 8, 2011
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[Herald Interview] Standards body keen on Korea’s smart grids
Korea’s growing technological prowess and the business community’s brisk participation in standardization works will help expand global markets for smart grids, executives of the Institute of Electrical & Electronics Engineers’ Standards Association said.The standards body is a unit within the IEEE,
Sept. 8, 2011
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Personal data of 800,000 Samsung Card customers may have been leaked
Samsung Card Co., South Korea's leading card firm, is suspected of having come under an online security breach that could have leaked about 800,000 customers' personal data, sources said Thursday.Samsung Card has asked the police to investigate an employee regarding the suspected leakage of customer
Sept. 8, 2011
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Global luxury brands stingy on donations in Korea: data
Global luxury goods makers have raked in huge profits in South Korea over the past few years on the back of surging demand, but they have not been generous in making social contributions, data showed Thursday.The combined revenue of 15 global luxury makers in South Korea, including a local unit of t
Sept. 8, 2011