Most Popular
-
1
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
2
Military aircraft evacuating S. Koreans in Lebanon returns home
-
3
Yoon set for talks with Marcos in Philippines
-
4
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
5
Can Jennie break the K-pop solo artist slump?
-
6
Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
-
7
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
8
2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
-
9
First lady’s Dior bag scandal to be at center of Assembly audit
-
10
Firefighters’ 3,000 won meals spark nutrition concerns
-
Recent BMW vehicle fires unrelated to EGR system
South Korea's transport ministry said Tuesday that six recent cases of fires in BMW vehicles were not caused by problems in exhaust gas recirculation coolers and pipes.The Transportation Safety Authority is looking into what caused fires in six BMW models -- 328i, 5GT, 640d, 525d, 320d and X6 -- from October to November. "The government will make a thorough investigation into the cases to find out what exactly caused fires in the six models," the Ministry of Land, Infrastructure
Dec. 3, 2019
-
JTI Korea clinches deal with labor union after years of conflict
JTI Korea said Monday that it has signed an agreement with the labor union to resolve disputes that have been festering for over three years. The tobacco maker said the negotiations were conducted in a “sincere” manner. Its new General Manager Jose Luis Amador took an active role in listening to employees’ concerns over job security and the working conditions of the sales team. The key agreements include increasing wages by 2021 and funding the education of the employ
Dec. 2, 2019
-
Tourists to Jeju expected to top 15m again this year
The number of visitors to Jeju Island, South Korea's southern holiday destination, is expected to top 15 million again this year, officials said Monday.According to the Jeju Tourism Association, a total of 13,985,000 tourists arrived in Jeju in the first 11 months of this year, marking an increase of 5.7 percent over 13,228,000 recorded for the same period of last year.An average of 1.27 million people visited per month this year, it said, noting the daily average rose to about 40,000. If the to
Dec. 2, 2019
-
Trade insurer to offer financing worth $3b to UAE oil firm
South Korea's state-run trade insurance firm said Monday it has agreed to offer financial support worth $3 billion to the Abu Dhabi National Oil Company in line with its efforts to expand ties with the top energy firm of the United Arab Emirates.Under the deal, the Korea Trade Insurance Corporation will offer insurance for the ADNOC's overseas project over the next three years, helping the firm to win loans from major global banks, including the Bank of China and US Citibank. It marks the larges
Dec. 2, 2019
-
5G subscribers in S. Korea near 4m in Oct.: data
Almost 4 million South Koreans subscribed to 5G mobile network as of October, with the number expected to breach the 5-million mark by the end of this year, government data showed Monday.The number of 5G users in the nation reached 3.98 million as of the end of October, adding 516,000 from a month ago, according to the data compiled by the Ministry of Science and ICT. The nation's three carriers -- SK Telecom Co., KT Corp., and LG Uplus Corp. -- rolled out the commercial 5G network in early Apri
Dec. 2, 2019
-
KT's AI robot debuts in Seoul hotel
KT Corp. said Monday its hotel service robot, enabled by artificial intelligence and other cutting-edge technologies, made its official debut in a Seoul hotel. The AI hotel robot, dubbed N bot, started its official service at Novotel Ambassador Seoul Dongdaemun Hotels & Residences, to serve guests in about 100 rooms, the telecom operator said. KT said it has applied its latest technologies, including three-dimension location mapping, autonomous driving and AI camera, to develop the robo
Dec. 2, 2019
-
S. Korea launches anti-dumping probe into Vietnamese plywood
South Korea's trade commission said Monday it has launched an anti-dumping investigation into plywood imported from Vietnam, as local firms claimed the cheap imports are seriously damaging the domestic industry. The investigation came as the Korea Wood Panel Association, a union of South Korean plywood producers, filed a petition claiming that Vietnamese products have led to a decrease in their earnings.Plywood is used to produce construction materials and furniture.South Korea's market for plyw
Dec. 2, 2019
-
Samsung Heavy wins W187b order for 2 oil tankers
Samsung Heavy Industries Co., a major shipbuilder in South Korea, said Monday it has won a 187.5 billion-won ($158 million) order to build a two ice-class oil tankers.Under the deal with a European shipper, Samsung Heavy will deliver two Aframax tankers by March 2022, the company said in a regulatory filing. The vessels will be capable of operating safely even when colliding with ice of up to 70 centimeters at minus 30 degrees Celsius, according to the company. Samsung Heavy, considered on
Dec. 2, 2019
-
US beef imports at record high in Korea's imported beef market
Beef imported from the United States increased significantly to hit a share of over 50 percent of South Korea's imported beef market this year, a trade promotion agency said Monday.South Korea imported 209,034 tons of US beef in the January-October period, up 7.9 percent from 193,685 tons tallied during the same period a year earlier, according to data from the Korea International Trade Association. US beef regained a share exceeding 50 percent of the total imported beef market here for th
Dec. 2, 2019
-
China imports $100m worth of South Korean instant noodles
China’s imports of South Korean instant noodles jumped fivefold last year compared to 2014, industry data showed Sunday.According to the Korea Trade-Investment Promotion Agency (KOTRA), China imported $100 million (118 billion won) worth of Korean instant noodles last year, up from $15.1 million in 2014. Among all instant noodles imported by China, 50 percent came from Korea -- 40.2 billion packs -- in the January-September period, followed by Taiwan.About 280 million packs of instant
Dec. 1, 2019
-
Hyundai E&C, Daewoo E&C’s Hillstate Prugio Suwon goes on sale
South Korean builders Hyundai Engineering and Construction and Daewoo Engineering and Construction began sales of a mega-scale apartment complex in Gyo-dong, Paldal-gu, in Suwon, Gyeonggi Province, this month. According to the firms on Sunday, 33 15-story apartment buildings with three basement floors, which can house up to 2,586 households, have been built in Suwon’s 115-6 redevelopment district. Of them, 1,550 apartment units ranging from 39 to 98 square meters go on sale from Decem
Dec. 1, 2019
-
[From the Scene] SK Energy to complete vacuum residue desulfurization in Jan.
ULSAN -- SK Energy, an affiliate of SK Innovation, is set to complete the construction of its vacuum residue desulfurization facility in January, in time for the implementation of tighter environmental regulations. In response to heightening environmental concerns and growing harmful emissions from ships, the International Maritime Organization has ruled that from January ships will have to use fuel with a maximum of 0.5 percent sulfur content, down from the current 3.5 percent.In line with the
Dec. 1, 2019
-
Posco to support socially responsible firms via preferential bidding system
South Korean steel firm Posco said Sunday that it would offer incentives to socially responsible firms from Monday as part of its own efforts to contribute to society. Socially responsible firms refer to companies that are recognized as such under the laws established to encourage entrepreneurial activities by people with disabilities, promote social enterprises and cooperatives and support businesses owned by women.Under Posco’s new system of giving preference to social enterprises a
Dec. 1, 2019
-
Samsung Electronics ranks 2nd in global applications of 5G patents
Samsung Electronics Co., the world's largest maker of smartphones, ranked second in global applications of 5G-related patents, according to a recent report Sunday. Samsung made 2,846 5G patent applications to global organizations, with China's Huawei leading the pack with 3,325 patent applications, according to the report by German market research firm IPlytics. South Korean tech giant LG Electronics Inc. came in third place with 2,463 patent applications, the report showed. Other telecom equipm
Dec. 1, 2019
-
Korea's auto exports tipped to decline for 7th year
South Korea's auto exports are tipped to suffer a slump for the seventh consecutive year in 2019 in terms of volume due to lower demand in emerging markets, data showed Sunday. South Korean carmakers shipped 1.98 million units in the first 10 months of the year, down 0.4 percent from a year earlier amid an economic slowdown at home and abroad, according to the data compiled by the Korea Automobile Manufacturers' Association.The country's auto exports, since hitting a record of 3.17 million units
Dec. 1, 2019
-
New IMO rules, lower fuel prices unlikely to affect S-Oil: analysts
S-Oil, headquartered in Seoul and wholly owned by Saudi Aramco, is unlikely to be affected by concerns about lower fuel prices and stricter environmental rules, according to analysts.The new International Maritime Organization rules -- IMO 2020 -- lowering the limit of sulfuric content in bunker fuel to 0.5 percent from 3.5 percent will come into force in January. Refiners have been very worried, with the benchmark Singapore complex gross refining margin -- reflecting Asian refiners’ avera
Dec. 1, 2019
-
NCSOFT's 'Lineage 2M' tops Google Play Store
"Lineage 2M," a new mobile massively multiplayer online role-playing game by online game maker NCSOFT Corp., was the most popular game app on the Google Play Store's game sector as of Sunday morning, the company said.The new mobile version of mega-hit game "Lineage II" was released Wednesday on Google's Android and Apple's iOS devices.The game has already topped Apple's app store upon release.But NCSOFT did not unveil the sales figure and other details."Lineage M,"
Dec. 1, 2019
-
Sales of Kia's K series sedans to surpass 5.5 m units in 10 years
Sales of Kia Motors Corp.'s K series midsized and large sedans are on course to reach a milestone with cumulative sales expected to exceed 5.5 million vehicles in 10 years since launching the brand, according to the carmaker Sunday. Kia Motors, which began selling the K7 large sedan in 2009, has sold 5.48 million vehicles of the K3 compact cars, K5 midsize sedans, and K7 and K9 large sedans so far this year. Over the past 10 years, Kia Motors has sold 2.53 million units of the K3, 2.44 million u
Dec. 1, 2019
-
Hyosung TNS set to post record sales on ATM exports
Hyosung TNS, a technology unit of machinery-to-chemical conglomerate Hyosung Group, said Sunday it is on track to post record sales on expanded exports of automatic teller machines.Hyosung TNS expects to report an operating profit of 65 billion won ($55 million) on sales of 700 billion won for the year, jumping from 25 billion won and 500 billion won, respectively, a year ago. "Hyosung has provided customized ATMs to meet each market's separate demands, like the ones delivered to Nigeria th
Dec. 1, 2019
-
Samsung to roll out Galaxy Fold in more countries
Samsung Electronics Co. is planning to launch the Galaxy Fold in more countries, including Brazil, New Zealand and Chile, as its first foldable device draws stronger-than-expected market response, industry sources said Sunday.According to the sources, the world's largest smartphone maker is considering releasing the device in some 30 countries by February next year. The tech giant has already rolled out the Galaxy Fold in 29 countries, including South Korea, the United States, Japan and France.
Dec. 1, 2019