Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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First lady’s Dior bag scandal to be at center of Assembly audit
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Yoon honors veterans of Korean War in trip to Philippines
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Seoulites celebrate coexistence at Wellness Seoul 2024
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[KH Explains] Can G-Star level up?
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Ex-president's daughter investigated for drunk driving accident
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AmorePacific joins Seoul Lantern Festival
AmorePacific is attending this year’s Seoul Lantern Festival, held from Nov. 6-22, with its GREENCYCLE recycling campaign and an artwork display.The company’s GREENCYCLE campaign is an environmentally friendly event that recycles and upcycles cosmetics containers. AmorePacific opened a GREENCYCLE art gallery earlier this year, displaying art pieces made from used containers.AmorePacific will also display a lighted artwork at the Seoul Lantern Festival 2015, which includes an emblem commemorating
Nov. 12, 2015
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[Photo News] Hyosung Smile Expedition in Vietnam
HYOSUNG SMILE EXPEDITION IN VIETNAM - Hyosung‘s medical volunteer group “Hyosung Smile Expedition” offer free medical services to residents in a village in Dong Nai province, Vietnam from Nov. 8 to 14. The Hyosung Smile Expedition has been running since 2011. Hyosung
Nov. 12, 2015
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SK hynix to emerge as No. 4 chipmaker: data
South Korean chipmaker SK hynix Inc.is expected to emerge as the world's No. 4 player this year, marking a two-notch rise from last year, data showed Thursday, narrowing its gap with market behemoths -- Intel Corp. and Samsung Electronics Co.SK hynix is anticipated to rake in $16.9 billion in sales this year, up 4 percent from a year earlier, according to the data compiled by industry tracker IC Insights.The figure includes all chip segments from dynamic random access memory to system large scal
Nov. 12, 2015
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Local fashion brand Courri boasts quality, design and affordability
Women’s clothing brand Courri (www.courri.com) is increasing its profile in the world fashion market, thanks to designs by Courri head Hwang Yoo-na and the technical skills of Seoul’s dressmakers.“In addition to the exquisite clothing that Hallyu stars wear, toned down naturalness is also a typical fashion style in Korea,” said cofounders Oh Jung-gun and Hwang Yoo-na.Courri’s design and production all take place in Korea. The products are crafted with fabrics sourced from the Korea Textile Expo,
Nov. 12, 2015
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Asiana's plan to launch 2nd budget carrier runs into opposition from rivals
Asiana Airline Inc.'s plan to launch its second budget carrier has run into opposition from rivals, who warned against excessive competition, industry and government sources said Thursday.According to industry insiders, several airlines filed formal objections on the creation of Air Seoul, citing safety concerns and the impact on the already oversaturated market. Asiana already jointly operates Air Busan with the city of Busan.The Ministry of Land, Infrastructure and Transport formally announced
Nov. 12, 2015
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Kakao swings to profit in Q3
Kakao Corp., the operator of South Korea's top mobile messenger, said Thursday it swung to profit in the third quarter from a year earlier on a robust performance in its mobile-related business.Net profit came to 14.76 billion won ($12.7 million) in the July-September period, compared with the 6.31 billion-won shortfall posted a year earlier, the company said in a release.The result slightly hovered above the market's estimate of 12.8 billion won compiled by Yonhap Infomax, the financial arm of
Nov. 12, 2015
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Samsung holds most wearable devices patents
South Korea's top electronics giant Samsung Electronics Co. held the highest number of patents related to wearable electronics devices, data showed Thursday, reflecting its latest efforts to tap deeper into the smartwatch segment.The number of wearable patents held by Samsung came to 600 over the 2003-2014 period, outpacing other global tech rivals, according to the data compiled by the Korea Electronics Technology Institute.The Netherlands-based Philips followed with around 500 patents, while L
Nov. 12, 2015
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DK2015 to highlight industrial design
DK2015, a design festival, kicked off at KINTEX in Ilsan, Gyeonggi Province, on Wednesday to discuss industrial design for five days.More than 190 design firms from 13 countries around the world, including China, gathered for the forum that will highlight the artistic world of design and its commercialization, organizers said.“Design is the soft power of the manufacturing industry. It adds great values. We will nurture the design industry, strengthen our competitiveness, and elevate DK festival
Nov. 11, 2015
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Cargill opens world’s largest animal feed plant in Pyeongtaek
Cargill, a global trader and processor of agricultural commodities, opened the world’s largest animal feed plant in Pyeongtaek, Gyeonggi Province, on Wednesday, its Korea unit Cargill Argi Purina said.“The opening of the plant proves Cargill’s continued commitment to the sustainable growth of Korea’s livestock industry,” Lee Bo-kyeun, Cargill Korea representative and head of Cargill Argi Purina, said in a press conference in Seoul. Cargill invested 115 billion won ($100 million) to build the new
Nov. 11, 2015
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Kumho Tire to hold homecoming for Korean-Vietnamese families
Kumho Tire is receiving applications from Vietnamese nationals who have a multicultural family in Korea and want to visit their home country next January as part of the company’s “Korean-Vietnamese Multicultural Family Homecoming” program. Since 2013, the tire maker has supported Vietnamese people who have settled in Korea through international marriage in visiting their home country with children in tow. A total of 43 families have benefited from the program providing return flight tickets and
Nov. 11, 2015
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Korean Air eyes growth in aerospace business
BUSAN -- Faced with growing competition from emerging markets and saturating profits, the nation’s flagship carrier, Korean Air, is seeking new growth engines by ramping up its little-known aerospace business, a top executive of the company said on Nov 5.“The company has set its sights on the fast-growing aerospace business for future growth,” said Choi Ho-kyoung, managing vice president from the aerospace business division of Korean Air. He noted that sales of the division have achieved double-
Nov. 11, 2015
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[Photo News] KCCI Corporate Photo Contest winner
KCCI PHOTO CONTEST WINNER — The Korea Chamber of Commerce and Industry selected office worker Lee Jae-hak’s work “Dad is working late” as the 30 million won ($26,000) grand prize winner of its second Korea Corporate Photography Contest. Lee’s work, alongside 74 other winning photos, will be displayed at the KCCI in central Seoul for two weeks starting Nov. 17. They are also available at kcciphoto.korcham.net. (KCCI)
Nov. 11, 2015
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Samsung heir’s visit rattles shipbuilder
Samsung Electronics vice chairman Lee Jae-yong’s rare visit to a Samsung Heavy Industries shipyard has sparked speculations over the fate of the shipbuilding unit, which has been reeling under severe losses.Market watchers are continuing their guessing game over the Samsung Group heir apparent’s visit Monday to the shipyard on Geojedo Island, South Gyeongsang Province, the first of its kind in eight years. Sources said that Lee’s move hints at a possible restructuring or sell-off of the loss-mak
Nov. 11, 2015
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Lotte chairman meets with start-up chiefs
Lotte Group chairman Shin Dong-bin met with executives of several start-up companies to discuss measures to support them, the firm said Wednesday. It is a part of follow-up steps after Lotte announced its plan to set up an investment corporation, named “Lotte Accelerator,” designed to help young people start their own business in October. Shin offered 10 billion won ($8.7 million) from his personal fortune to set up the investment firm. According to the company, some 300 people, including 30 st
Nov. 11, 2015
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S-Oil provides heating oil to poor households
S-Oil donated 200 million won ($173,000) to the Korea National Council on Social Welfare on Wednesday as a part of the “Hope to You” campaign starting this year, where it will provide heating oil to poor households.A total of 200 underprivileged households -- mostly consisting of solitary seniors and elderly raising grandchildren -- will receive the donation in the form of fuel coupons worth 1 million won.S-Oil CEO Nasser al-Mahasher visited the recipients’ homes in person and delivered heating
Nov. 11, 2015
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Daewoo Shipbuilding ordered to halt partial operations amid safety concerns
The government ordered Daewoo Shipbuilding & Marine Engineering Co., one of South Korea's big three shipbuilders, Wednesday to stop work on five of its ships under construction, following a series of accidents at its shipyards, officials said.The measure will immediately take effect and hold true until work safety is guaranteed on the ship that caught on fire Tuesday and four others of the same kind, the Ministry of Employment and Labor said.On Tuesday, a fire broke out inside a gas tanker being
Nov. 11, 2015
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Creditors likely to press for Hyundai Group restructuring
Financial authorities are expected to take the initiative in conducting the debt rescheduling of Hyundai Group after its logistics unit publicizes its third-quarter earnings this Friday, some creditor bank officials said Wednesday.According to data held by the Financial Supervisory Service and the Korea Development Bank, the group is reportedly facing a liquidity crisis as its flagship Hyundai Merchant Marine has been saddled with snowballing debt.After posting 601.7 billion won ($521.4 million)
Nov. 11, 2015
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Koreans largest consumers of instant noodles in the world: data
South Koreans ranked number one in the world in terms of instant noodles consumption per year, government data showed Wednesday. According to the Ministry of Agriculture, Food and Rural Affairs, a South Korean on average consumes 76 packages of instant noodles, or ramyun, every year, outpacing runner-up Vietnam, whose citizens ate 55.1 packages. Besides those two countries, Indonesia and Thailand came in third and fourth. The processed food market report calculated that one package of instant
Nov. 11, 2015
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Hyundai, Kia Oct. sales account over 20% in Russia
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their market share in Russia stay over 20 percent in October despite the overall slump in demand, industry data showed Wednesday.According to the data by a European business association, Kia Motors sold a total of 14,422 units in Russia last month, the second largest following a local carmaker. Hyundai Motor ranked third by selling 14,145 units.Sales of Kia Motors and Hyundai Motor shrank 17 percent and 8 percent, respectively, fro
Nov. 11, 2015
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Uber joins hands with Kia for premium service relaunch in Seoul
Uber, the controversial ride-booking mobile app, will make a fresh start in Seoul with its high-end version to be serviced on a popular Korean-made luxury sedan, its U.S. operator said Wednesday, seeking to set foot here for the second time after the business hit a snag due to opposition from the local industry.Uber Technologies Inc. plans to relaunch UberBlack, the premium riding service, in South Korea by the end of the year, provided on the K9 model sold by the country's No. 2 carmaker Kia Mo
Nov. 11, 2015