Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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Over 82,000 Korean young people unemployed, not searching for job long-term
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40% of Korea's workers who reported bullying faced retaliation: survey
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[KH Explains] Can smart chargers ease tensions over EV fires?
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600 evacuated as heavy rain floods roads, homes in southern regions
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1 in 5 households to have breadwinner over 80 in 30 years
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New Fifty Fifty off to strong start
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[Weekender] Young Koreans more open to Japanese cultural products
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Evicted guest burns down inn; 3 killed
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Jeju's solo traveler-friendly spots offer solitude as well as camaraderie
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Korean firms win big at International Business Awards
A group of Korean companies and organizations came out on top at the annual International Business Awards as they were selected as Stevie Award winners, organizers said Wednesday.America’s business watcher The Stevie Awards Competitions announced last week that Korea’s corporations and organizations won 133 prizes in total at IBA. IBA is held every year to evaluate global companies under diverse conditions from management and marketing to new products and human resources administration.Korea’s a
IndustryAug. 17, 2016
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Heat, Olympics boost demand for deliveries, convenience store foods
With temperatures in Seoul hitting record highs this summer and the Rio Olympics keeping people up late at night, consumers have turned to food delivery services and all-night convenience stores to keep their stomachs full without having to cook at home, data showed Wednesday.Popular food delivery mobile phone applications such as Baedal Minjok, whose name translates to Delivery Nation in English, saw orders significantly rise at the end of July. Models pose with late-night snack options from 7
IndustryAug. 17, 2016
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Kumho Tire rides SUV boom
South Korea’s second-largest tire-maker Kumho Tire is riding the wave of strong demand for sport utility vehicles led by growing popularity of family leisure and outdoor camping activities here. SUVs accounted for 34 percent of the total auto market last year, with steady growth since 2011. In line with the trend, tire companies are also shifting their sales strategy to meet growing demand for SUVs. Kumho Tire’s product sales for SUVs have grown 24 percent over the last three years. Among them,
MobilityAug. 17, 2016
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[DECODED] Hanwha leads defense, petrochemicals and solar energy
Hanwha Group’s business interests span the gamut, from hotels to a professional baseball team, but five form the core – defense, petrochemicals, solar energy, finance and retail. In the first three, the conglomerate is the local market leader. Maywood Solar Farm constructed by Hanwha Q Cells in Indianapolis, Indiana. (Hanwha Q Cells)Having achieved economies of scale and scope in the fields through mergers and acquisitions, Hanwha Group Chairman Kim Seung-youn now looks to sharpen its competiti
IndustryAug. 17, 2016
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Korean Air offers medical advice for flyers
One of the most grueling parts of travel is the long-haul flight, where prolonged changes in air pressure and constricted movement can lead to discomfort. According to Korean Air’s medical team, there are easy ways to alleviate common symptoms associated with long flights. Flight attendants pose near a Korean Air plane in Incheon International Airport. (Korean Air)When flights take off or land, the change in air pressure can cause discomfort in the ears that can be eased by swallowing. Young chi
IndustryAug. 17, 2016
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Samsung CEO rules out merger
Amid growing speculation of a possible merger between Samsung’s two engineering units in light of a voluntary restructuring law that took effect last week, a Samsung executive denied the market expectation saying that talk of such a move was premature.“We are not going to push ahead with the merger plan for now,” said Samsung Heavy Industries CEO Park Dae-young as he left the tech giant’s head office in Seocho, southern Seoul, after attending a weekly meeting with other CEOs of Samsung affiliate
IndustryAug. 17, 2016
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Northeast Asian local gov'ts agree to resume ferry route to northeast China
The regional governments of South Korea's Gangwon Province, China's Jilin Province and Russia's Maritime Province in Northeast Asia agreed Wednesday to cooperate in resuming a maritime route involving the three regions, the Gangwon provincial government said.Gangwon Gov. Choi Moon-soon, Jilin Gov. Jiang Chaoliang and Vladimir Miklushevsky, governor of Primorsky region in the Russian Far East, signed a pact to join hands toward the resumption of the route linking Sokcho on South Korea's east coas
InternationalAug. 17, 2016
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Park calls on provincial gov'ts to make concerted efforts to revitalize economy
President Park Geun-hye on Wednesday called on provincial governments to make concerted efforts to create jobs, bolster tourism and revitalize the economy, saying their unity was a driving force for South Korea's national development."There will be nothing we cannot address if we work together in the face of many challenges," Park said as she hosted a luncheon with dozens of top officials from 15 provinces and large cities."I believe you will play a big role in leading us as one to make another
PoliticsAug. 17, 2016
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Talks under way to set date for trilateral foreign ministers' meeting
Negotiations for a meeting of foreign ministers of South Korea, China and Japan are under way, but the timetable has yet to be determined, Seoul's foreign ministry said Wednesday.A Japanese media report earlier said that the three countries are fine-tuning the timetable for the trilateral meeting, saying that it could take place either Tuesday or Wednesday next week in Tokyo. Speculation spread that the three might not be able to get together within this month as territorial disputes between Bei
Foreign AffairsAug. 17, 2016
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Kia Motors in no hurry to build plant in India, chief says
The head of South Korea's No. 2 automaker Kia Motors Corp. said Wednesday that his company will eventually have to produce vehicles in India, one of the world's fastest growing markets, but that it was in no hurry to do so.Speaking to reporters at a Seoul hotel, Kia Motors CEO Park Han-woo acknowledged the company was looking at possible sites for a production facility in India."Because we are not shipping a single car to India, we will eventually have to go," Park said. He, however, said buildi
MobilityAug. 17, 2016