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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Can Jennie break the K-pop solo artist slump?
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Yoon set for talks with Marcos in Philippines
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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'Culinary Class Wars' producers deny trying to spice up results
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Ex-president's daughter investigated for drunk driving accident
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Seoulites celebrate coexistence at Wellness Seoul 2024
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First lady’s Dior bag scandal to be at center of Assembly audit
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Hyundai E&C’s earnings likely to surge in Q1
Hyundai Engineering and Construction Co., Hyundai Motor Group’s main construction arm, is expected to post a significant increase in its earnings in the first quarter this year. According to Shinyoung Securities, Hyundai E&C will likely post first-quarter sales of nearly 3.84 trillion won ($3.54 billion) and operating profit of 228.1 billion won. The figures are respectively 16.7 percent and 21.6 percent higher than the same period last year. Buoyed by the expectations, a number of local trading
April 20, 2015
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Nike Sports refunds slippers that leak dye
Nike Sports is refunding some of the “Nike Benassi Solarsoft Soccer” slippers due to their dye transfer problems, the Korea Consumer Agency said Monday.The decision was made after there were reports that several slippers in question bled colors onto customers’ socks.The agency found that the red and pink slippers showed this problem, and requested Nike Sports to carry out a refund.The company reportedly said that while there are no safety hazards regarding the product, they would accept returns
April 20, 2015
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S. Korean firm bags massive solar panel shipment deal
Hanwha Q Cells Co., the world's leading solar cell maker, said Monday it has signed a deal to sell 1.5-gigawatt solar modules to NextEra Energy Inc. in the United States by next year, the single largest deal in the solar power sector.Under the deal, Hanwha Q Cells will export 1.5-gigawatt photovoltaic solar modules between the fourth quarter of this year and late 2016 to the U.S.' No. 2 power firm, the South Korean company said, without disclosing the deal's value.The solar modules to be shipped
April 20, 2015
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Hyundai Hysco to invest 99 bln won for auto steel factory
Hyundai Hysco Co., a steelmaking affiliate of Hyundai Motor Group, said Monday that it will invest 98.8 billion won ($91.3 million) to build a plant that will produce high-strength auto steel sheets.The plant to be located in Yesan, 134 kilometers south of Seoul, will produce steel sheets by using hot-stamping, a technique that applies special pressing and cooling simultaneously, thereby making them stronger than other conventional products. The technique helps reduce the amount of materials nee
April 20, 2015
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Samsung leads SSD market
South Korean tech giant Samsung Electronics Co. held a market share in the global solid state drive market that was twice as big as the one held by its U.S. rival Intel Corp. in 2014, data showed Monday.Samsung Electronics saw its share in the SSD market reach a whopping 34 percent last year with its revenue from the segment coming to US$3.99 billion, according to the data compiled by industry tracker IHS. Intel took up 17 percent of the market over the cited period at $1.99 billion.The research
April 20, 2015
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Foreign buyers return to Korean office market
International property buyers, many of whom left Korea after the global financial crisis in 2008, are returning to Seoul in search of bargains on commercial office buildings, market sources said Friday.Morgan Stanley, a global investment bank, is just one investor that will reopen its real estate investment fund in Korea. The investment bank closed its property business in Korea in 2010 when it posted a significant loss from its $1 billion investment in the Seoul Square office building located a
April 17, 2015
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Asiana temporarily halts flights to Hiroshima for safety checks
Asiana Airlines Inc., South Korea's second-largest flag carrier, said Friday that it will suspend its flights to Hiroshima, Japan, until the end of this month in order to review safety measures.The move comes after an Asiana passenger jet carrying 73 passengers skidded off the runway at Hiroshima Airport on Tuesday while landing, leaving 25 people slightly injured."We will suspend flights to and from Hiroshima, during which we will review the overall safety measures related to the Hiroshima rout
April 17, 2015
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Samsung widens lead over Apple in smartphone market
South Korean tech behemoth Samsung Electronics Co. outpaced its competitors in global smartphone sales in the first quarter of 2015, widening its market share lead over its closest rival Apple Inc., data showed Friday.In terms of sales volume, Samsung took up 27.8 percent of the global smartphone market in the January-March period, up from 24.7 percent three months earlier, according to the data by market tracker TrendForce. In contrast, Apple's market share came to 19.9 percent in the first qua
April 17, 2015
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Hyundai, Kia models earn 4-star safety rating in U.S.
Hyundai Motor Co.'s Accent subcompact and Kia Motors Corp.'s Sportage SUV and Rio compact each earned four out of five stars in a U.S. collision test, a report showed Friday. According to the overall safety test conducted by the U.S. National Highway Traffic Safety Administration (NHTSA), Hyundai's Accent scored four stars out of five in all three crash tests administered by the agency. The NHTSA releases the outcome of its crash tests for new vehicle models by major carmakers each year, reviewi
April 17, 2015
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Nuclear reactor suspended five days after restarting
A South Korean nuclear reactor came to a halt Thursday only five days after being restarted, due to lingering problems with its cooling system, its operator said.The No. 3 reactor at Hanbit Nuclear Power Plant in Yeonggwang, South Jeolla Province, automatically stopped operating when the reactor’s coolant pump ― which produces steam for cooling down the reactor ― suddenly stopped functioning on Thursday afternoon, according to Korea Hydro and Nuclear Power.The KHNP announced that no radioactive
April 16, 2015
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Eugene Corp. to jump into duty-free race
Eugene Corporation, a midsize Korean construction material company, will join the bid to win a license for an urban duty-free store in Seoul, the company said on Thursday. “Eugene has been considering entering the duty-free business internally. I believe that we have the management ability and investment capability to operate the store,” Yim Jin-taek, a Eugene spokesman said. The company plans to house a 9,900-square meter duty-free store in the former headquarters of local broadcaster MBC. The
April 16, 2015
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[Photo News] LG innovation center
April 16, 2015
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Seoul Station gets smoother airport connection
Travelers will be able to get easier access to and from Incheon airport as a new subway transfer passageway in Seoul Station opened last month, officials said. The new passageway provides foreign tourists with easier transfer as it links Incheon Airport Railroad Express, a nonstop train from Seoul Station to Incheon International Airport, to Seoul subway lines 1 and 4, according to AREX officials. The waiting rooms for Line 1 and 4 located in the first and third lower level floor of Seoul Statio
April 16, 2015
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French confectionery firm La Cure debuts in Korea
French confectionery brand La Cure Gourmande opened its first Asian outlet in Lotte Department Store Sogong-dong branch in central Seoul, last week. The 36-square-meter store is conspicuously decorated in sunshine yellow, with more than 30 kinds of candies, cookies, caramels and chocolates, all imported from France. On the very first day, it grossed the highest sales in the department store’s food section. What makes the store different from other famous dessert shops, such as fellow French bran
April 16, 2015
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KOGAS successfully raises roof of LNG storage tank
The state-run Korea Gas Corp. said Wednesday it has successfully placed a roof on its 270 million liter LNG storage tank in Samcheok, Gangwon Province ― the first and largest of its kind.The storage tank is one of three 270 million liters tanks currently under construction, with the new roof placed on tank No. 11. KOGAS plans to place a roof on tank No. 10 on April 22.The new roof weighs 1,210 tons. It was constructed on the ground, with KOGAS using a compressed air technique to raise the roof f
April 16, 2015
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Mobile carriers to delete users' fingerprints
South Korea's mobile carriers will destroy some 900 million fingerprints collected from their customers over the years for ID verification purposes, the telecommunication watchdog said Thursday, amid growing concerns here about protecting private data. The Korea Communications Commission said the three mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Inc. - have agreed to delete the biometric information scanned from users' identification cards within this year."Mobile carriers admitted
April 16, 2015
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Audi Volkswagen emerges as No. 3 in S. Korea sales
Audi Volkswagen Korea, the local importer of the German company, outpaced GM Korea Co. in domestic sales last year, signaling a change in the car market that has been long dominated by major local makers, industry data showed Thursday.Audi Volkswagen Korea reported to financial authorities here that its domestic sales came to 2.7 trillion won ($2.47 billion) in 2014, the third-largest following Hyundai Motor Co. and Kia Motors Corp., the two homegrown carmaking giants.This is the first time that
April 16, 2015
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Officials to probe air accident in Japan
The Korean government dispatched a group of inspectors to Japan on Wednesday to find the exact cause of the accident involving an Asiana Airlines plane which overran a runway while landing at Hiroshima Airport.The Ministry of Land, Infrastructure and Transport said the inspection team would examine the plane’s black box and other records.“It is too early to determine the exact cause of accident. Korean ministry officials will join the investigation team in Japan to find out,” a ministry official
April 15, 2015
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GKL mulls casino on Yeongjongdo Island
Grand Korea Leisure, which runs three foreigners-only casinos in Korea under the “Seven Luck” brand, is reviewing a plan to open another casino in Yeongjongdo Island, Incheon, home to the Incheon International Airport. “It is true that we are conducting a feasibility study for a casino on the island, but no details (on the project) have been discussed yet,’’ Choi Ji-young, a company spokesperson said. The official comment came after a local economic daily reported that GKL has formed a partnersh
April 15, 2015
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E-Land partners with Chinese developer for luxury mansions
E-Land Group on Wednesday announced it will partner with Chinese golf resort developer Mission Hills in marketing super luxury mansions. The partnership will help Korea’s fashion-turned-lifestyle company attract Chinese tourists and investors to its leisure facilities, E-Land vice chairperson Park Sung-kyung said. Park signed a memorandum of understanding with Ken Chu, CEO and chairman of Mission Hills, at the Chinese business group’s headquarters in Shenzhen. Under the deal, Mission Hills will
April 15, 2015