Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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BAT Korea raises cigarette prices
British American Tobacco Korea said Thursday it has raised the price of its cigarette products by 200 won ($0.20) to 2,700 won per pack on rising raw material prices.The price increase of 8 percent is the first in six years for the firm which holds an 18 percent-market share in the country. It is widely known for popular brands such as Dunhill, Kent and Vogue.“BAT Korea has been making every effor
April 21, 2011
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International 3-D Society to open Korean branch in May
KT Corp., the country’s largest fixed-line service operator, said Thursday it will lead the launch of the International 3-D Society’s Korean branch next month.KT organized a reception for the creation of a new country branch, inviting experts and industrial leaders in the field of 3-D, including Samsung Electronics, LG Electronics, broadcasters KBS, SBS, EBS and KT Skylife. Participants also inclu
April 21, 2011
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Hanwha wins $1b order for Saudi plant
Builder to construct power station and desalination plantHanwha Engineering & Construction said Wednesday that it has signed a $1.05 billion deal to build a power station and desalination plant in Saudi Arabia.The builder said it is to establish the plant at Yanbu industrial complex, the biggest of its kind in Saudi Arabia and located on the western side of the country, by 2014 under the deal with
April 21, 2011
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Korea to halt old reactor for security check
Nuclear reactor stoppages raise controversy over life extension of aged power plantsState-run Korea Hydro & Nuclear Power Co. said Wednesday that it had decided to temporarily halt the operation of a nuclear reactor in Busan which experienced a power failure last week.“We decided to carry out a thorough safety check on the Gori-1 unit and resume its operation after its safety has been confirmed,”
April 20, 2011
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LS Cable and System launch committee to help suppliers
LS Cable and System, the country’s largest producer of cables and wires, joined the growing ranks of large firms promoting shared-growth with small- and medium-sized enterprises.Shared-growth refers to large companies’ efforts to support smaller suppliers and associated companies’ expansion efforts, which has gained increasing attention with the government promoting it as a major policy. LS Cable
April 20, 2011
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Obama calls for more investment in broadband to catch up with Korea
WASHINGTON (Yonhap) ― U.S. President Barack Obama Tuesday called for more investment in broadband lines and other infrastructure in the United States to catch up with South Korea and other countries.“Our roads, our bridges, our sewer systems are all deteriorating,” Obama told a town hall meeting at Northern Virginia Community College, in Annandale, Virginia. “We don’t even have a serious high-spee
April 20, 2011
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KT launches robo-buddy for kids
KT Corp. said Wednesday it will launch “kibot,” a robot for kids, on Monday, as part of plans to create a smart home.The country’s largest fixed-line service operator said kibot will help children with their studies by reading books and singing songs to them. All children have to do is scan the radio frequency identification (RFID) card on the screen at the center of the robot, according to Seo Yu
April 20, 2011
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LG unveils ‘smart fridge’ that suggests recipes
South Korea’s LG Electronics Tuesday unveiled a refrigerator which suggests recipes as it forecast a bright future in the potentially lucrative market for “smart” household appliances.LG will roll out smart fridges, washers and other appliances in South Korea and North America by the end of this year to compete against rivals including Samsung Electronics and Whirlpool, Lee Young-ha, president of
April 20, 2011
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LG gets best rating on its 3-D television
LG Electronics announced Wednesday that the company’s 3-D television has been given the top rating by a British information and technology magazine for its May edition.The world’s No. 2 flat-screen TV maker said home entertainment magazine “What Hi-Fi! Sound and Vision,” with a global monthly circulation of 50,000, had awarded its highest rating of five stars for LG’s 47LW650 model, naming it the
April 20, 2011
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Yuhan-Kimberly launches new diapers
Yuhan-Kimberly, Korea’s leading hygiene products manufacturer, launched Huggies Premier diapers on Monday, replacing its main diaper product line Huggies Gold after 13 years. Yuhan-Kimberly is a joint venture of Korea’s Yuhan Corp. and Kimberly-Clark Corp. established in 1970. The company has maintained its place at the top of Korea’s diaper market for 28 years with the Huggies brand. According to
April 20, 2011
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‘Auto market shifts to favor Korea, Europe’
Hyundai and Kia overseas sales rise as Japanese rivals suffer from worst disasterThe series of disasters that struck Japan in March could bring significant changes to the world’s automotive industry, including its direction for eco-friendly vehicles.In a recent report, the U.S.-based market research firm Frost and Sullivan projected that the earthquake could not only open opportunities for carmake
April 20, 2011
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Automakers plan expansion into China
Global carmakers unveil ambitious China expansion plans as they battle back from tsunamiSHANGHAI (AP) ― Global automakers unveiled ambitious expansion plans for China on Tuesday, targeting the country’s newly prosperous drivers as the industry struggles to recover from Japan’s tsunami.Nissan Motor Co. plans to raise sales by about 15 percent to 1.15 million vehicles this year, said CEO Carlos Ghos
April 20, 2011
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Samsung vs. Apple in copyright showdown
Two of the world’s most prominent IT giants Samsung Electronics and Apple Inc. are poised to fight it out over patent rights.Shortly after Apple said it had sued Samsung for “blatantly copying” its products, Samsung Electronics fired back Samsung would be filing a suit against Apple for copying its communications technology. “We are definitely considering a lawsuit,” said Kim Nam-yong, a spokesman
April 19, 2011
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S. Korea aims for top 10 in quality competitiveness by 2015: minister
South Korea aims to reach the top 10 in quality competitiveness in the world by 2015 as part of its ongoing effort to boost its growth potential, the government said Tuesday.The Ministry of Knowledge Economy said South Korea ranked 22nd among the 57 countries checked last year in terms of quality competitiveness in the manufacturing sector, mainly because the general corporate atmosphere was focus
April 19, 2011
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GS EPS to build ‘green’ LNG plant
GS Electric and Power Services, a power subsidiary under GS Group, said Tuesday that it will build a “green” high-efficiency liquefied natural gas combined cycle power plant in Dangjin, South Chungcheong Province. The firm spent 460 billion won ($420 million) for the plant which will be completed by August 2013. GS EPS currently operates two other power facilities there.The firm held a groundbreak
April 19, 2011
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Global firms launch new cars at Shanghai show
HONG KONG (Yonhap News) ― China’s largest international auto show kicked off on Tuesday with major product launches by global carmakers, showing the growing significance of the world’s most populous country for the auto industry.Auto Shanghai 2011 began its 10-day run with press days scheduled for the first two days in the booming metropolis. The event will be open to the public from Thursday to A
April 19, 2011
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LG Chem, Samsung Engineering post Q1 gains
LG Group’s chemicals and electronics components maker posted first quarter sales of nearly 5.5 trillion won, a 24.1 percent increase compared to the same period last year. According to LG Chem’s first quarter figures released Tuesday, the company’s operating profits rose 28 percent to 835.3 billion won ($765 million), while net profits came in at 656.6 billion won, rising 26.8 percent.Much of the
April 19, 2011
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SKT claims success in tests of new telecoms technology
BUNDANG, Gyeonggi Province ― SK Telecom, the country’s top mobile carrier, tested the fourth generation telecommunications technology Long Term Evolution for the first time at its Bundang office on Tuesday.Aiming to commercialize the LTE technology in Seoul by July, the company will offer next generation telecommunications services which come with upgraded speed and picture quality.It will then ma
April 19, 2011
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LG Display chief eyes 3-D supremacy
Kwon shows confidence in company’s 70 percent market share by year-endLG Display’s chief executive Kwon Young-soo was unperturbed by the company’s lackluster first quarter performance, saying he was certain of the global dominance by year’s end of his firm’s new 3-D panel technology, the film-type patterned retarder. “I don’t believe our goal to achieve as much as 70 percent market share in the gl
April 19, 2011
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Samsung Engineering Q1 net jumps 74.3 pct
Samsung Engineering Co., South Korea's largest industrial plant builder, said Tuesday that its net profit jumped 74.3 percent in the first quarter from a year ago on reduced costs. Net profit came to 121.4 billion won (US$110.7 million) in the January-March period, compared with 69.6 billion won during the same period in 2010, Samsung Engineering said in a regulatory filing. Sales rose 67.1 percen
April 19, 2011