Most Popular
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Seoul vows action over Naver's Line, Yahoo dispute
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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[Grace Kao] American racism against Stray Kids
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Samsung doubles down on Vietnam
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
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NewJeans' members' parents complained to Hybe, email shows
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Controversy brews over shakeup of prosecutors amid probe of first lady
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Suspect behind murder of Korean tourist in Pattaya arrested
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Prosecutors summon pastor involved in Dior bag scandal
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Hyundai joins European automakers association
Hyundai Motor Co., Korea’s top automaker, has become a full member of an industry lobby of European carmakers, a move which company officials said would help boost Hyundai’s image and sales in the region.Hyundai announced Friday that the company became the 17th member of the European Automobile Manufacturers’ Association, better known as the ACEA. A sales employee (left) explains car specification
June 10, 2011
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Short-term stagflation looms large: economists
Finance minister urges all-out efforts to curb pricesThe government’s inflation fight appears to be losing its grip on energy, service and staple food prices set to rise further on uncertainties abroad.The inter-ministerial efforts to fight food inflation such as cutting food tariff and increasing crop supplies in the past few months have largely been offset by increase in import costs.Public util
June 10, 2011
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Korea to support hydrogen steelmaking
The government will provide 150 billion won ($138 million) in support of developing the hydrogen reduction steel-making method, the Ministry of Knowledge Economy revealed Thursday.The funds, which the ministry estimates will cover 54 percent of development costs, will be provided from 2012 if the studies under way now show the project to be feasible, the ministry said. In hydrogen reduction steel
June 9, 2011
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Diageo to host bartending contest
Diageo Korea, the local unit of the U.K.-based drinks group, said it will hold the regional final of its international bartending competition in Seoul on June 21. Since January, about 200 Koreans have been vying for a ticket to the annual World Class 2011 slated for July 11-14 in New Delhi, India, the host said. The final will bring together 10 qualifiers from four heats. The local contestants wil
June 9, 2011
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KEPCO to honor scholars for research
Korea Electric Power Corp. said on Thursday it plans to award a prize to two Seoul National University scholars for their achievement in the local energy industry. Kim Tai-yoo and Park Jong-keun became the first winners for the KEPCO Research Grand Prix, which the state-run utility launched this year to commemorate the 50th anniversary of its foundation. Kim was selected for “his outstanding resea
June 9, 2011
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SKT ties up with Nautilus Hyosung
SK Telecom said Thursday it signed an agreement with Nautilus Hyosung Inc. to work together on the mobile carrier’s smart finance business project.The country’s leading mobile carrier said that it formed a partnership with Korea’ top automatic teller machine company to build smart branches.Smart branch is a mini branch service that uses SKT’s information and communication technology to offer vario
June 9, 2011
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Carriers move into mobile messenger business
Mobile carriers are moving into the mobile messenger field after wrestling with the surging popularity of existing mobile messengers which they claim have jammed networks and snatched away data fees.KT Corp., the country’s largest fixed-line service operator, released its own communication tool called “olleh talk” on Thursday.SK Telecom is also looking into introducing a mobile chat service as ear
June 9, 2011
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Samsung staff brace for corruption crackdown
Chairman Lee says scandal prevalent throughout conglomerateEmployees at Samsung, the nation’s largest industrial group, are expected to face a conglomerate-wide shakeup as owner Lee Kun-hee was unable to shake his fury over the latest corruption scandal at a Samsung affiliate. “It seems that corruption is prevalent in all parts of Samsung,” was what Lee said on Thursday, a day after he said the co
June 9, 2011
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POSCO launches campaign to become ‘loved company’
POSCO and its subsidiaries will aim to become “loved companies,” the companies announced in a ceremony Thursday.According to POSCO’s agenda, a loved company is one that satisfies all concerned parties including society, employees, clients, investors, suppliers and environment, while at the same time sharing cultural programs and company values with them. “The way forward for POSCO is (to become) a
June 9, 2011
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Asiana launches new service campaign
Asiana Airlines, the country’s second-largest air carrier, unveiled its new slogan for customer services and uniforms for airport staff in a bid to lure more customers during the peak summer season. The slogan, “Always with You,” implies four keywords ― novelty, sincerity, kindness and quality ― which all its employees will pursue to make a company that is “always with customers,” Asiana said in a
June 9, 2011
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SK Holdings agonizes over securities unit
SK C&C will likely acquire shares to put brokerage house under chairman’s controlAs the deadline for complying with fair trade laws approaches, the IT services provider SK C&C appears likely to acquire SK Securities Co. shares held by other SK Holdings companies. Under the current Monopoly Regulation and Fair Trade Act, a non-financial holding company is unable to hold stakes in a financial compan
June 9, 2011
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Hankook Tire breaks ground for new plant in Indonesia
Hankook Tire Co., Korea's largest tire maker, said Thursday it began construction of a new plant in Indonesia to increase its presence in the Southeast Asian country and other growing markets in the region.The plant in the Jakarta suburb of Bekasi will be the company's seventh and will cost $350 million for the first phase of its construction, the company said.The construction will be completed by
June 9, 2011
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Facebook under fire for photo tagging feature
WASHINGTON, June 8, 2011 (AFP) - Facebook is coming under fire for a feature that uses facial recognition software to allow members to tag pictures of their friends on the social network.The "Tag Suggestions" feature made its debut on Facebook in the United States six months ago but has drawn renewed attention this week after the social network began rolling it out to other countries.Justin Mi
June 9, 2011
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Samsung’s Lee rages at internal corruption
Samsung Techwin president resigns over undisclosed corruptionSamsung Electronics chairman Lee Kun-hee stressed the need to beef up the company’s auditing functions in the aftermath of a corruption scandal at a Samsung affiliate that led to the resignation of its chief executive.“The unblemished image of Samsung’s organizational culture has been marred,” the Samsung Group owner said. Lee expressed
June 8, 2011
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Koreans most inclined to buy smartphones
Koreans are the most eager among global consumers to purchase a smartphone, Nielsen, a global information research firm, said on Wednesday.Half of South Korean consumers without the smart device responded in a survey by Nielsen that they would purchase a smartphone in the future.The figure was the highest among global consumers also surveyed by Nielsen, the company said.About one-fifth of the 50 m
June 8, 2011
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Samsung showcases high-quality solar cell technology at German fair
Samsung Electronics is featuring high-quality solar cell technology at the Intersolar Europe 2011 held in Munich, Germany, from June 8-10.Under the catchphrase of “Samsung Delivers High Efficiency,” the company presented solar modules, which were made through screen-printed solar cells, according to Samsung officials.It will show 260-watt crystalline white commercial module and 250-watt premium bl
June 8, 2011
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POSCO buys stakes in U.S. nanocarbon manufacturer
POSCO announced Wednesday it has acquired control of U.S. graphene nanoplate manufacturer XG Sciences, boosting the world’s fourth-largest steelmaker’s bid to transform into an all-round materials developer. Graphene is a transparent nano-carbon material that has electric conductivity and flexibility. It is widely used as an electrode in various industrial materials, energy and electronic devices.
June 8, 2011
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LG Electronics to hire more disabled people
LG Electronics said Wednesday that it will hire up to 800 disabled people by next year, double its existing number of disabled staff.The hiring will be part of the company’s plan to employ workers in the fields of research and development, production, marketing and business support until June 15. Applications will be accepted at the firm’s website (www.lge.co.kr).“LG Electronics expects to meet th
June 8, 2011
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City car sales rise to record on fuel prices
City car sales rose to a new record during the first five months of the year, industry data showed Wednesday. According to the Korea Automobile Manufacturers Association, 75,495 units of city cars ― automobiles with engine displacements of up to 1 liter ― were sold here during the first five months of the year.Compared to the same period last year, the figure is an increase of 16.4 percent. In com
June 8, 2011
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Hyundai, Samsung shipyards clash in drillship market
(Left) Hyundai Heavy Industries CEO Lee Jai-seong(Right) Samsung Heavy Industries CEO Roh In-sikKorean shipbuilders dominate global market with Hyundai Heavy challenging SamsungThe competition in the market for drillships is heating up with Hyundai Heavy Industries Co. threatening Samsung Heavy Industries Co.’s dominance. As drillships represent something of a golden egg for shipbuilders, a drills
June 8, 2011