Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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Hyundai Motor Group chief scores big in stock earnings
Among the heads of the nation’s top 30 conglomerates, Hyundai Motor Group chairman Chung Mong-koo saw the highest increase in his market shares following the latest stock market volatility, a market researcher said Thursday. The market capitalization of stock holdings owned by Chung increased to 7.5
Aug. 18, 2011
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Korea’s retail rivals seek Vietnam expansion
Lotte Mart plans third outlet in 2013; E-Mart to open first Hanoi store next year, 52 outlets by 2020Just two years have passed since Vietnam opened its retail sector to foreign businesses on a full scale. The Vietnamese market has grown so quickly that sales and service revenue in the retail sector
Aug. 18, 2011
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Coupang aims for NASDAQ listing
Korean social commerce firm Coupang said Thursday it is aiming to be listed on the U.S. stock market by 2013 after cementing its position as the country’s top electronic commerce company.Kim Bom-suk, chief executive of the company, said it will also enter the overseas market to compete with global i
Aug. 18, 2011
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Hanwha E&C to build world’s largest domed arena near Manila
Korean builder strives to become one of the world’s 100 largest construction firmsHanwha Engineering and Construction Corp. began work on the world’s largest domed arena in the Philippines on Thursday.The work for the $175 million contract, signed on Aug. 4, got underway in a ceremony attended by Ha
Aug. 18, 2011
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S. America new investment hub for Korean firms
SK, POSCO, Hyundai Motor, LG seek resources, new markets in the regionKorea’s leading businesses are making their forays into Latin America, which has emerged as a favored destination among global investors for its growing economy, ample natural resources and robust domestic demand.SK, POSCO, Hyunda
Aug. 18, 2011
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Kia Motors ranks 10th in China's auto market
HONG KONG (Yonhap News) – South Korea's second-largest automaker, Kia Motors Corp., ranked 10th in terms of China's auto market share during the first seven months of this year, company officials said Thursday.Kia Motors said it sold 222,158 units of vehicles in China from January to July, up
Aug. 18, 2011
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Hyundai Group heiress to wed next month
Chung Ji-yi, executive vice president of Hyundai U&I and eldest daughter of Hyundai Group chairwoman Hyun Jeong-eun, is to be wed next month, industry sources said.Chung’s groom-to-be is employed at a foreign financial company in Japan and reportedly has no ties with the conglomerate community here.
Aug. 18, 2011
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Bosses steal workers’ ideas: poll
More than half of Korean workers received unfair treatment from their bosses when proposing new ideas, a poll showed on Thursday.(MCT) According to Career, a local recruitment website, about 56.6 percent of the 380 respondents said they had being treated unfairly after handing in their proposals. Ab
Aug. 18, 2011
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German court overturns EU ban on sale of Galaxy Tab
A fierce patent battle between the two global tech giants ― Samsung Electronics and Apple Inc. ― is taking a new turn after a German court reversed last week’s injunction against the sale of the Galaxy Tab 10.1 across Europe. The decision means that Samsung can sell its Galaxy Tab 10.1 in most Europ
Aug. 17, 2011
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Samsung braces for future uncertainties
Lee holds series of meetings as Korea’s top company faces challenges from global, industry-wide woesSamsung Group appears to be struggling to weather the latest global economic uncertainties stemming from troubles in some of the world’s largest economies, coupled with industry-embedded problems such
Aug. 17, 2011
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Uniqlo’s biggest Asian flagship store in Seoul
Uniqlo, a global casual wear brand run by Japan’s Fast Retailing Co., said Wednesday that it will open Asia’s biggest flagship store in downtown Seoul later this year to strengthen its presence here.The store, to be located in Myeongdong, one of the main shopping districts in Seoul, will be Uniqlo’s
Aug. 17, 2011
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Local handset makers brace for Google’s Motorola buy
With Google Inc. inking a deal with Motorola Mobility to acquire the mobile phone maker for $12.5 billion Monday, local handset makers are bracing for changes the surprise takeover is expected to bring.While it was seen as positive in terms of patent protection for Android-powered smartphones becaus
Aug. 16, 2011
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Hyundai firms plan W500b charity foundation
Hyundai Heavy Industries and some other companies bearing the Hyundai name will set up a charitable foundation with 500 billion won ($467 million), the shipbuilder announced Tuesday.Much of the fund will be raised by Hyundai Heavy Industries and its subsidiaries, and the group’s largest shareholder,
Aug. 16, 2011
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KT&G to raise social spending
KT&G Corp., the country’s largest cigarette maker, plans to raise the proportion of annual revenues injected into corporate social responsibility projects to 3 percent.The target was included in the company’s long-term social contribution plans announced Tuesday.KT&G CEO Min Young-jin said in a stat
Aug. 16, 2011
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CJ CheilJedang to build plant for animal feed amino acid in Malaysia
CJ CheilJedang, Korea’s largest food maker, said Monday that it will establish the world’s first methionine plant in Malaysia next year. In April, CJ sealed a deal with France-based chemical firm Arkema to make an investment of more than $400 million in Kerteh, Terengganu State of Malaysia. If
Aug. 16, 2011
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Lotte Mart to expand China business
HONG KONG (Yonhap News) ― Lotte Mart Co., South Korea’s third-largest discount chain store, said Tuesday it will expand its China business by 2018 in an effort to boost its presence in China’s fast-growing retail sector. The chain, run by South Korea’s largest retail conglomerate Lotte Group, said i
Aug. 16, 2011
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BC, banks team up to fight Visa
BC Card Co. and its 11 partner banks have agreed to join hands in protest against the “anti-market policy” of Visa, the Korean company said Tuesday. A consultative body, headed by a BC executive, expressed deep regret in a statement that Visa has fined BC unilaterally for refusing to use its global
Aug. 16, 2011
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Hyundai, Kia models named best low-cost cars to own in Australia
Cars made by Hyundai Motor Co. and its affiliate Kia Motors Corp. have been rated as the best low-cost ownership models in Australia, raising hopes for stronger sales down the road, industry sources said Tuesday.Hyundai’s i30 hatchback family car and Starex van and Kia’s Sportage R compact sport uti
Aug. 16, 2011
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Lee tapped to head new port authority
Lee Sang-jo, president of the Korea Container Terminal Authority, has been selected as new chief of the Yeosu-Gwangyang Port Authority, the government said Sunday. Lee Sang-joThe Ministry of Finance and the Ministry of Land, Transport and Maritime Affairs reviewed three applicants for the post and p
Aug. 16, 2011
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Farmers, producers agree on raw milk price hike
Dairy farmers and milk producers reached a long delayed agreement Tuesday on a hike in the price of raw milk, a move feared to make milk products more expensive and add to inflationary pressure. (Yonhap News)The agreement, effective immediately from Tuesday, calls for raising the average price of ra
Aug. 16, 2011