Most Popular
-
1
Thousands rally in Seoul to call for Yoon's resignation
-
2
Suicide attempts spike among youth in Korea
-
3
Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
-
4
FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
-
5
[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
-
6
Korean American documentary ‘Free Chol Soo Lee' wins Emmy
-
7
S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
-
8
Korea, China, Japan vow to address yellow dust and climate change
-
9
Immigration policy must go beyond labor supply: experts
-
10
4 in 10 illegal aliens entered S. Korea without visas last year: data
-
Competition intensifies over premium instant noodles
Competition in Korea’s instant noodle market is heating up with food processing companies seeking new business models to increase their revenues amid the growing demand of consumers to explore new tastes and quality products. A series of premium ramen products have debuted since last year, changing the entire market landscape, which was long dominated by cheap, traditional products that many were familiar with, but tired of.Premium ramen refers to an upgraded version of instant noodles that adds
IndustryMarch 17, 2016
-
LG bets big on G5, Friends smart products
LG Electronics has been making all-out marketing efforts for its upcoming marquee smartphone G5 and a smart device lineup, dubbed Friends, ahead of their official release in the coming days.After having suffered lackluster sales of the G4 smartphone last year, LG took a bold move by introducing its first modular smartphone G5 and a group of smart devices -- including a 360-degree camera, a virtual reality headset, a ball-shape home monitoring robot, and a toy drone -- which can be controlled by
TechnologyMarch 17, 2016
-
Ministry fines Mercedes-Benz Korea W168m
Yonhap The Environment Ministry on Wednesday fined German automaker Mercedes-Benz Korea for selling its S350D model without approval for transmission changes.The government slapped the firm with a fine of 168 million won ($143,000), 1.5 percent of revenue from its sales of 98 S350D vehicles in January and February.“According to the Clean Air Conservation Act, all automakers must manufacture and sell a model after the ministry approves its transmission specifications,” said the ministry in a stat
Social AffairsMarch 17, 2016
-
Saenuri in nomination turmoil
The tug-of-war between the ruling Saenuri Party leader and the nomination committee chief is escalating into an all-out factional battle, with neither side budging over the list of candidates for the general election next month.Thursday morning’s Supreme Council meeting was monopolized by members loyal to President Park Geun-hye discussing the remaining nomination processes. The meeting had convened despite being called off by chairman Rep. Kim Moo-sung a day earlier in protest against the “unju
PoliticsMarch 17, 2016
-
WWF Korea to stage Earth Hour on Saturday
World Wide Fund for Nature said Wednesday it will host its Earth Hour 2016 campaign in Korea this weekend, inviting people to show commitment to save the planet. Individuals can participate in the campaign by switching off their lights for an hour on Saturday at 8:30 p.m.This year’s Earth Hour will be supported by mobile carrier KT and the Union Corporate Committee. The eight members – including Tyler Rasch, Guillaume Patry and Alberto Mondi -- of JTBC’s local TV show “Non Summit” will also part
Social AffairsMarch 17, 2016
-
Goyang, Changzhou boost economic cooperation
Goyang City Mayor Choi Sung visited Chinese city Changzhou on Wednesday and signed a memorandum of understanding to boost bilateral cooperation, the city government said.The memorandum calls for the two cities to strengthen their friendship by cooperating on the economic front, as well as in the areas of tourism, traffic technology and the floricultural industry.“(Through this opportunity) both cities will be able to step up as international cities by sharing policies and expanding development,”
Social AffairsMarch 17, 2016
-
Former People's Party joint chief drops election bid
Former cochairman of the minor opposition party Rep. Kim Han-gil said Thursday he will not be running in next month’s parliamentary race. The decision followed a clash between him and People’s Party founder and coleader Rep. Ahn Cheol-soo over the option of aligning with the main opposition party.“I have argued that partisan alliance among the opposition is necessary in order for us to expand our seats in the metropolitan region and prevent the horrendous situation in which the ruling forces win
PoliticsMarch 17, 2016
-
White House urges N. Korea to release detained U.S. student
WASHINGTON (Yonhap) -- The White House urged North Korea on Wednesday to release a detained U.S. college student after Pyongyang’s highest court sentenced him to 15 years of hard labor for allegedly stealing a political propaganda sign.White House press secretary Josh Earnest issued the appeal, accusing the North of using detained Americans as “pawns to pursue a political agenda.” The verdict came as Pyongyang has been ramping up bellicose threats against the U.S. and South Korea. The North‘s Su
North KoreaMarch 17, 2016
-
Spotlight’ company settles complaint over made-up dialogue
BOSTON (AP) -- The distributor of the Oscar-winning film “Spotlight” has acknowledged that filmmakers fabricated dialogue that made it appear as if a Boston College spokesman downplayed the extent of the Catholic priest sex abuse scandal. Jack Dunn, director of the news and public affairs office at the Jesuit university, said Wednesday he became physically ill when he saw the film the day it opened in Boston. He retained a lawyer to demand that the scene be removed, although no lawsuit was ever
FilmMarch 17, 2016
-
Chinese EV maker mulls production line in Korea
Joylong Automobile, a Chinese electric vehicle manufacturer, signed a memorandum of understanding with Gwangju Metropolitan City on Wednesday to build its first overseas production line.It is the first time for a foreign EV maker to tap the Korean market for its production base abroad. Gwangju City Mayor Yoon Jang-hyun (center) signs a memorandum of understanding with Joylong Automobile vice president Ou Yangguang (left) for the plant building project, at Gwangju City Hall on Wednesday.Under th
MobilityMarch 17, 2016
-
Samsung still skeptical about OLED TV
Samsung Electronics, the world’s largest TV maker, appears to be skeptical about producing its own version of organic light-emitting diode display TVs largely due to the nascent market. Its sister firm Samsung Display CEO Park Dong-gun on Wednesday reaffirmed that the company was working on larger OLED but had no immediate plans to produce the panels. Samsung’s latest SUHD TV with a quantum dot display“We do not think larger OLED has enough potential although it is attracting a lot of attention
TechnologyMarch 17, 2016
-
China emerges as Korea’s biggest bond investor
China has become Korea’s largest bond investor for the first time, according to the Financial Supervisory Service on Thursday. The world’s second-largest economy holds Korean state bonds worth 17.5 trillion won ($14.9 billion) as of the end of last month, surpassing the country’s previous top investor -- the U.S., which has invested about 14.4 trillion won in fixed-income securities.China’s Korean bond holdings now account for about 18 percent of the total bonds worth 97 trillion won held by for
March 17, 2016
-
LGD to invest in new production line for OLED lights
Korea’s leading display manufacturer LG Display said Thursday that it would invest in building a new production line for organic light-emitting diodes for lighting products. LG Group’s display business arm said the new production line for its fifth-generation OLED panel, a square sheet measuring 100 cm by 120 cm, will boast production capacity that is 30 times higher than an existing line for OLED panels that are 100 cm by 100 cm. LG Display’s OLED lightsThe new OLED facility, to be built in Gu
TechnologyMarch 17, 2016
-
Samsung Galaxy S7 preorders exceed 10m in China
Preorders for Samsung Electronics’ latest flagship smartphone Galaxy S7 and its Edge variant have exceeded the 10 million mark in China over the past week, SamMobile, an online website specializing in Samsung news, said Thursday. According to SamMobile China, the figure is expected to reach some 15 million on Friday when the week-long preorder period ends. Samsung Galaxy S7 (Yonhap)Samsung started receiving preorders for its latest phones from March 11 through eight retailers in China. JD.com,
TechnologyMarch 17, 2016
-
Nongshim boosts sales in China, U.S.
Korea’s largest food manufacturer Nongshim said Thursday that it has set an annual overseas sales target of $720 million for this year, a 44 percent increase from last year’s $500 million.Company officials said it would focus on sales of its flagship noodle soup product Shin Ramyeon in the United States and Japan as well as China and Southeastern Asian countries. Shin Ramyeon in a Chinese store (Nongshim)In China, Nongshim’s sales hit a record high last year by selling products worth about $210
IndustryMarch 17, 2016
-
SK Innovation expands EV battery business
SK Innovation, the holding company of energy-related business at SK Group, announced Thursday it would expand its electric vehicle battery cell plant, in Seosan, South Chungcheong Province.“When the facility expansion is completed in the third quarter of the year, the plant will be able to produce enough battery cells to power 40,000 EVs per year, up from the current 30,000 EVs,” the company said in a press release. The SK Innovation’s EV battery cell plant in Seosan, South Chungcheong Province.
MobilityMarch 17, 2016
-
[Photo News] Robot helping rehabilitation
ROBOT HELPING REHABILITATION -- Hyundai Heavy Industries said Thursday that it started to provide robots helping patients‘ rehabilitation to Seoul Asan Medical Center. (HHI)
IndustryMarch 17, 2016
-
BMW entices compact SUV buyers with new X1
With the recent launch of its all-new X1, German luxury carmaker BMW is targeting those in Korea who are looking for affordable, upscale, sport-utility vehicles. The X1 is the carmaker’s best-selling compact SUV. Industry watchers said the arrival of the second generation of X1, which has an upgraded design and specifications, will heat up competition among German luxury carmakers in the compact SUV segment. The driving shot of the all-new BMW X1 (BMW Korea)The all-new BMW X1 is vastly differen
MobilityMarch 17, 2016
-
China emerges as No. 1 Korean bond investor in Febuary
China emerged as the No. 1 investor in Korean bonds, relegating the U.S. to the second spot, a move seen as part of its investment portfolio adjustment, the country's main bourse said Thursday. At the end of February, China owned 17.5 trillion won ($14.9 billion) worth of Korean bonds, followed by the U.S. with 14.4 trillion won, Switzerland with 13.2 trillion won and Luxembourg with 10.2 trillion won, according to the Korea Exchange (KRX).In the 2014-2015 period, China was the second-largest ho
March 17, 2016
-
Foreigners dump 4.4 tln won worth of Korean stocks, bonds in Febuary
Foreign investors offloaded Korean stocks and bonds in February in extended capital flight amid lingering concerns over the global economic slowdown, the financial watchdog said Thursday. Offshore investors sold a net 194 billion won ($162 million) worth of Korean stocks last month, sharply narrowing down from the previous month's selloff of 3.07 trillion won. They dumped 4.23 trillion won worth of bonds, soaring from 487 billion won during the same period, the Financial Supervisory Service (FSS
March 17, 2016