Most Popular
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
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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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Small car sales rise to year high on economic worries
Small automobile sales rose to a year high in August boosted by rising fuel prices and concerns for a new worldwide economic downturn.According to industry data, 38,698 small vehicles were sold on the local market in August, accounting for 53.5 percent of passenger car sales. Small automobiles are d
Sept. 5, 2011
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Hyundai, Intel, C&S to develop mobile entertainment system
Hyundai Motor Co., the largest carmaker in the country, on Monday agreed with Intel Korea and C&S Technology Ltd. to jointly develop infrastructure needed to deliver new channels of entertainment to drivers.The three plan to put together In-Vehicle Infotainment system enabling drivers to access out-
Sept. 5, 2011
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Amore Pacific eyes W500b ‘mega brands’
Amore Pacific Corp. on Monday held a ceremony marking the company’s 66th anniversary, renewing its long-term target to nurture “mega brands” with more than 500 billion won ($468 million) in annual sales. “We have succeeded in having brands whose annual sales exceed 100 billion won. And now is the ti
Sept. 5, 2011
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Seoul sets up coordinator for arms exports
The government on Monday unveiled a new planning body for the country’s growing defense industry to boost exports of military equipment and speed up the regulatory process.South Korea’s defense and economy ministries joined forces to craft the Defense Industry Development Council, which originated f
Sept. 5, 2011
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AhnLab shares sparkle as founder mulls mayoral bid
Shares of AhnLab, the country’s best-known internet security solutions provider, jumped by the daily limit of 15 percent for a second day after its founder Ahn Cheoul-soo said he is mulling a mayoral bid.AhnLab shares soared 14.95 percent from Friday’s close as investors flocked to bet on the likeli
Sept. 5, 2011
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Salt prices increase to 30-year record
Salt prices surged 42.8 percent in August from a year earlier, the highest growth since 1981, government data showed Monday.According to Statistics Korea, salt prices have increased for eight consecutive months this year. In August the prices jumped 13.6 percent from July. Fears over the potential r
Sept. 5, 2011
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Shinsegae to build mammoth shopping mall
Shinsegae Group said Monday it will build a multiplex shopping mall in Hanam, Gyeonggi Province, by 2015 in a partnership with a U.S.-based developer Taubman Centers. Located at a 117,000-square-meter site in Hanam, one of Seoul’s satellite cities, Hanam Union Square will be the largest shopping mal
Sept. 5, 2011
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Eyes turn to ‘passive’ 3-D display technology
Easier, cheaper 3-D glasses to attract greater number of consumersBERLIN ― The launch of 3-D televisions is nothing new to the industry. In fact, the products dominated last year’s global electronics trade show IFA.The industry, however, is eying the future development of passive 3-D technology, als
Sept. 5, 2011
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Gender inequality remains prevalent in Korean workplaces
Women’s standing in Korean society has seen significant improvement over the decades, but inequality remains in the workplace.According to a report by the Organization for Economic Cooperation and Development, while Korea ranks third among member countries in terms of the proportion of women with un
Sept. 4, 2011
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Taiwanese giving thanks with Korean ginseng
This is the third installment of a series that spotlights Korean products enjoyed by people overseas. ― Ed. Cheng Sheng I, a Taiwanese dealer for Cheong Kwan Jang, the Korean red ginseng brand name solely owned by Korea Ginseng Corp., is currently busy dealing with soaring orders from stores nationw
Sept. 4, 2011
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LG targets 20 percent of global 3-D TV sales
BERLIN ― An executive of LG Electronics said Sunday that it aims to take 20 percent of global 3-D TV sales by the end of this year.In a press conference with the Korean media on the sidelines of the global trade show IFA 2011, Kwon Hee-won, the company’s TV chief, said it was aiming for more than 20
Sept. 4, 2011
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Six drug makers fined W11b for illegal rebates
The Fair Trade Commission said Sunday that it has fined five multinational drugmakers and one local firm a total of 11 billion won ($10 million) for illegal rebate activities. The financial and non-financial benefits given in return for prescriptions and drug orders between August 2006 and March 200
Sept. 4, 2011
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Hyundai tops profit ranks in H1
Hyundai Motor Group’s first half net profit overtook that of Samsung Group for the first time, aided by rising automobile sales and difficulties faced by Japanese carmakers, data showed Sunday.According to the Korea Exchange and the Korea Listed Companies Association, the combined net profit of Hyun
Sept. 4, 2011
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Samsung dominates handset market in Aug.
Samsung Electronics, the country’s biggest mobile handset maker, said on Sunday its domestic market share reached nearly 60 percent in August on the back of stronger demand for its smartphone models led by Galaxy S2.Samsung projected that a total of 2.13 million mobile handsets were sold last month,
Sept. 4, 2011
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Handbags beat loans as Hermes overtakes SocGen
If only French banks had the allure of a Parisian maker of $8,000 handbags.The chart of the day shows how Hermes International SCA, maker of Birkin bags and the best performer this year in France’s SBF-120 Index, has overtaken Societe Generale SA, the country’s second-biggest bank, by market value.
Sept. 4, 2011
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China's workers most likely to call in "sick": survey
Sept. 3, 2011
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Chinese shoppers go for Korea’s goods, culture and property
Outside Dongwha Duty Free Shop in the center of Gwanghwamun, central Seoul, rows of tour buses lined up in the parking lot demonstrate China’s ever-growing thirst for Korea. Tourists wait for their tour bus after shopping at Dongwha Duty Free Shop in Gwanghwamun on Thursday. Lee Sang-sub/The Korea H
Sept. 2, 2011
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LG aims for No. 1 in home appliance market in Europe
BERLIN ― An executive at LG Electronics declared Friday that the company will position itself as the top home appliance brand in the European market by 2015.In a press conference held on the sidelines of IFA 2011, Lee Young-ha, president of the company’s home appliance division, said it aims for a t
Sept. 2, 2011
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Samsung confident of outpacing Apple, Google in software
BERLIN ― Samsung Electronics’ vice chairman Choi Gee-sung expressed confidence Friday that the company will take the lead in the global software industry in two years, dismissing rumors that it will take over the PC unit of Hewlett-Packard.“People are posting concerns that Samsung isn’t in the lead
Sept. 2, 2011
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Hyundai Oilbank launches oil upgrading facility
Hyundai Oilbank Co. said Thursday it has entered into full-fledged operation of its second heavy oil upgrading plant in a bid to gain an upper hand in the lucrative market.Located in Daesan, South Chungcheong Province, the new facility has been test-running since the completion of construction in Ja
Sept. 1, 2011