Most Popular
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S. Korea, Singapore seal supply chain agreement
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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Korean language teaching expert says demand has outstripped supply
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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Conscripting women to lead to 'more babies,' claims military think tank
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Who is pollster roiling politics with claims of government string-pulling?
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Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
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Taking away phones during school hours not a human rights violation: watchdog
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Korea launches antidumping probe into Chinese steel
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[Grace Kao] Why K-pop lip-syncing doesn’t bother me
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SK Telecom, China Mobile agree on automatic LTE roaming service
SK Telecom Co., South Korea's largest mobile operator, said Thursday that it has agreed to launch an automatic international Long Term Evolution (LTE) roaming service with China Mobile Ltd., as well as other LTE services.Under the deal, travelers and businesspeople will be able to use their regular LTE services offered by the two mobile carriers more easily between the two countries, according to SK Telecom.About 6.8 million Koreans and Chinese traveled between the two countries last year. Early
Dec. 5, 2013
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Asiana Airlines’ new safety chief stresses preemptive action
Asiana Airlines’ new chief safety officer, Akiyoshi Yamamura, on Wednesday stressed preemptive actions to prevent fatal accidents such as the air carrier’s crash-landing in July, hinting at a large-scale review of existing risk-monitoring systems. During his first media meeting at the company’s Seoul headquarters, the senior executive vice president who oversees Asiana’s recently elevated safety and security management division, compared aviation accidents to catching a cold: “There are some ear
Dec. 4, 2013
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Global computer sales continue to drop amid tablet rise: sources
The sales of personal computers are expected to continue to drop amid the rising demand for tablets and smartphones, according to industrial sources. This year’s global sales of computers and laptops are expected to have dropped 10 percent from last year, according to market research company International Data Corporation. Global shipments fell 9.7 percent to 315 million units. “As tablets’ overall specifications including performance, speed and display are improving, more users have turned to t
Dec. 4, 2013
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[Photo News] Starbucks santas
Dec. 4, 2013
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Sony Korea assembles eco-friendly programs
Sony Korea has developed an eco-friendly management program, part of a diverse number of campaigns comprising Sony Corp.’s global environment project “Road to Zero.”Since the company first adopted its environmental management system in 1999, it has made efforts towards green manufacturing and energy saving throughout all the stages of production and supply. It has built a database system to regularly collect environmental activity data and has made its carbon footprint public on its website. Son
Dec. 3, 2013
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Hyundai Motor to regain customer loyalty on home turf
Hyundai Motor, which has gradually been losing customers to foreign brands on its home turf in recent months, on Tuesday unveiled a revamped membership program that aims in part to lure back loyal customers. The combined domestic market share of Hyundai and its affiliate Kia Motors slid from 83.2 percent in March to 78.3 percent in November.Despite its strong performance in overseas markets, Hyundai’s domestic car sales fell 11.9 percent to 54,302 vehicles last month from a year ago. “It is true
Dec. 3, 2013
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Audi Korea aims to sell 22,000 cars next year
Audi Korea said Tuesday that it has set next year’s sales goal at 22,000 vehicles. With three new car launches planned, the carmaker has pinned especially high hopes on the A3 hatchback, the smallest, cheapest Audi car, thus far absent in Korea.Audi, taking advantage of the recent popularity of German luxury car brands here, achieved this year’s sales goal in October. In the first 10 months of this year, the carmaker sold 16,514 vehicles here, a 30.6 percent growth from a year ago.Next year, the
Dec. 3, 2013
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Korean bakery shop accepts bitcoin payments
A bakery shop has started accepting payments in bitcoin, an electronic currency, for the first time in South Korea, the shop operator said Tuesday, heralding the arrival of a new payment system and a new form of currency in the country. The franchise shop in Incheon, just west of Seoul, introduced the payment system on Sunday through which customers can buy goods with bitcoins, according to the operator Lee Jong-soo.Bitcoin is a digital currency used for online and offline purchases and is also
Dec. 3, 2013
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LG G2 gets eco-friendly recognition from U.S.
LG Electronics’ eco-friendly activities have been recognized by the Illinois, U.S.-based Underwriters Laboratory Environment. The nation’s second-largest electronics maker received the highest-level Platinum certificate for its eco-friendliness. LG said on Tuesday its flagship smartphone LG G2 has earned the Ecologo, a widely recognized standard for handset sustainability that was developed by ULE.The company also received the CarbonFree label from the Maryland-based nongovernmental Carbonfund.o
Dec. 3, 2013
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Hyundai, Kia continue to dominate local market
Hyundai Motor Co. and its smaller sister company Kia Motors Corp. continued to dominate South Korea’s auto market, but their combined market share has shrunk a bit in recent months, data showed Tuesday.The top two automakers sold 93,254 units in November, accounting for a 78.3 percent share of the local auto market, according to the data compiled by Hyundai and Kia.Their combined domestic market share stood at more than 80 percent in the first seven months of this year, but it has since been stu
Dec. 3, 2013
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KRX to launch gold exchange in March 2014
South Korea’s bourse operator said Tuesday it plans to launch an easily accessible gold exchange market in March of next year to improve transparency in trading and generate new financial opportunities.The new market will commence its test-run on Feb. 10, 2014, and officially open to investors starting March 24, the Korea Exchange said.South Korea’s financial authorities announced the plans for the new gold market in July to improve transparency, in line with the government’s move to bring the s
Dec. 3, 2013
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Mercedes-Benz names new sales VP
Mercedes-Benz Korea on Tuesday said it named Choi Duk-jun from its Chinese operations as the new vice president of sales.Choi, 49, is currently head of network development at Mercedes-Benz China and will start his new job on Jan. 1.Choi joined Mercedes-Benz China in 1999 to become regional manager handling Korea for passenger car sales and marketing. During his seven-year term in China, the number of dealerships rose from an initial 60 to more than 300. The number has made the dealership network
Dec. 3, 2013
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SK Communications accelerates reorganization
SK Communications, a unit of SK Group, is speeding up its reorganization by spinning off divisions to stay competitive in the portal market dominated by behemoths like Naver.The company, which runs Nate.com, tried to build up its flagship portal business along with related social media operations but faced stronger-than-expected challenges from existing players led by Naver and Daum. To focus on its core business, it decided to spin off its Cyworld social media service including the Cymera photo
Dec. 3, 2013
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Canada Goose to file suit against Korean firms
Canada Goose, an upscale fashion brand known for its high-priced winter jackets, is reportedly considering taking legal action against South Korean apparel companies over allegedly copied products sold here.“The head office of Canada Goose is reviewing the litigation,” said an official of Connexsolution, the local distributor for Canada Goose said. “It will take tough action against products that used the logo of the firm without permission.” The Canadian company’s jackets are gaining popularity
Dec. 3, 2013
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Daewoo-led Korean consortium to develop hotels in Myanmar
A Korean consortium led by Daewoo International will launch a project to develop luxury hotel infrastructure in Yangon, Myanmar, the company said Monday. The POSCO trading arm and three other Korean companies are to build a 14-floor luxury hotel and a 29-floor serviced residence building on a 2,183-square-meter site near Inya Lake, one of the most popular recreational areas in Yangon. “The $220 million project will kick off soon as three other companies have reached an agreement for their roles
Dec. 2, 2013
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KCCI urges clear regulations on ‘ordinary wages’
The Korea Chamber of Commerce and Industry on Monday called for clear regulations on the scope of “ordinary wages,” citing the concept’s vagueness as a key cause of confusion in workplaces. According to a KCCI report submitted to the government, ordinary wages in Germany and Britain are decided during independent negotiations between management and labor.Meanwhile, the U.S. law doesn’t include bonuses as part of ordinary pay, while Japan’s more detailed legal regulations rule out fundamental con
Dec. 2, 2013
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Sitsas named JTI Korea head
Japan Tobacco International has tapped Anastasios Sitsas as general manager of its Korean operation, the multinational tobacco manufacturer said Monday. Sitsas, 48, began his career as a consumer and trade marketing expert in 1990 at British tobacco maker Gallaher, accumulating experience across Greece, Italy, Russia, Kazakhstan, Switzerland and some African nations.After Gallaher was acquired by JTI in 2007, the Greek general manager headed JTI’s regional operation in Central Asia, including Ka
Dec. 2, 2013
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Kumho Tires teams up with Yokohama Rubber
Kumho Tires said Monday that it has established a strategic alliance with Japan’s Yokohama Rubber with aims to strengthen both companies’ research and development competitiveness and expand their global presence. To make the deal more mutually binding, they also agreed to seek technological exchanges and mutual equity holdings, with more detailed plans expected to be released as early as next year. The fresh agreement comes at a time when Kumho Tires and Yokohama Rubber, the world’s Nos. 12 and
Dec. 2, 2013
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Samsung names 8 new presidents
Samsung Group promoted group owner Lee Kun-hee’s second daughter Seo-hyun, senior executive vice president of Cheil Industries Co., to president of the fashion business at Samsung Everland.The nation’s top conglomerate also named seven other presidents of its affiliates in its annual reshuffle carried out Monday.“The personnel reshuffle has been conducted, as it was in the past, based mainly on the performance of each figure,” Rhee In-yong, president of corporate communications team at Samsung G
Dec. 2, 2013
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Korean American elected to lead American Chamber of Commerce
A Korean-American has been elected as the new leader of the American Chamber of Commerce in Korea for the first time in the organization’s 60-year history.James Kim, the general manager and CEO of Microsoft Korea, is to replace the incumbent chairperson Pat Gaines in January for a one-year term.Kim was picked to lead the influential group in a one-month election process in November. Kim ran as a sole candidate. Observers expressed hopes that along with U.S. Ambassador to Seoul Sung Kim of Korea
Dec. 1, 2013