Most Popular
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Man escapes DUI charges by downing bottle of soju while pulled over
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Pay debate plagues foreign nanny pilot
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K-pop star lip-syncing controversy flares up again
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35% of S. Koreans view unification 'unnecessary'
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Slew of top K-pop stars ready to return from military
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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[Reporter’s Notebook] Was Netflix film opening BIFF really a bad thing?
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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Controversial cult leader’s sentence reduced to 17 years
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Jin Air to increase fleet to meet rising demand
Jin Air said Tuesday it will increase its fleet to 24 airplanes this month to meet growing travel demand during the summer peak season. The budget carrier unit of Korean Air Lines has added a 189-seat B737-800 jet, its 23rd plane, to the Gimpo-Jeju Island route Tuesday, the company said in a statement. (Yonhap)It also plans to introduce its 24th plane later this month to meet higher demand on international routes to Southeast Asia and Japan, the statement said. Jin Air currently operates three
July 4, 2017
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Samsung SDI, LG Chem race to develop safer battery
South Korea's two leading battery manufacturers are racing to develop a new type of smartphone power source that can significantly improve safety, industry sources said Tuesday. According to industry watchers, Samsung SDI Co. and LG Chem Ltd. are currently seeking to commercialize solid-state batteries, which use solid-type electrolytes. The move came as the existing lithium-ion batteries utilizing liquid-type electrolytes may catch fire and even explode if they are subject to strong shock. (Yo
July 4, 2017
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[Newsmaker] Hyundai Group holds out hope for NK projects
Hyundai Group, the sole South Korean investor in North Korea, is seeking to resume its inter-Korean resort business which was abandoned nearly a decade ago after the fatal shooting of a tourist from the South.According to media reports Monday, the conglomerate, now led by the founder’s daughter-in-law, is planning to request Seoul’s permission to visit the North in August to hold a memorial ceremony for its late former chairman, Chung Mong-hun. The group has been holding the memorial service for
July 3, 2017
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Samsung, Apple, LG set for the battle of premium smartphones
The coming fall will be a battlefield of premium smartphones among global leaders Samsung Electronics, Apple and LG Electronics, with all of them featuring similar hardware improvements.Samsung is expected to fire the first shot with its Galaxy Note 8 at the end of August. Apple’s iPhone 8 and LG’s V30 will follow in the following months. All of them will adopt organic light-emitting diode panels, which make the panels curved, and dual cameras that make pictures more vivid and detailed. Samsung’
July 3, 2017
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Busan to help launch foreign startups
The Busan Metropolitan Government said Monday that it has selected 10 foreign startup teams to receive the city’s financial and legal support. Along with the Busan Economic Promotion Agency, it picked 10 out of 25 foreign applicants to help them launch promising startups in Busan. It is the first time for a public agency in Korea’s second-largest city to run such a project. Busan (123RF)“There was more competition than we imagined. Depending on how this year’s project unfolds, we will consider
July 3, 2017
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Hanwha decides to return Jeju duty-free license
Hanwha’s Galleria Duty Free said through a disclosure Monday that it will be returning its license to operate a duty-free outlet at Jeju International Airport, ceasing its operations there on Aug. 31.“We asked Korea Airports Corp. repeatedly to lower the rent costs at Jeju Airport temporarily, but in the end decided to close down our operations there,” a spokesman for Hanwha Galleria said. Hanwha’s five-year license at Jeju Airport was valid until April 2019.The outlet at Jeju Airport had been s
July 3, 2017
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Aeromexico begins direct Seoul-Mexico City flights
Mexico’s flagship air carrier began operating direct flights between Seoul and Mexico City on Monday, creating the first direct route to Central America from Incheon International Airport.“This year, in a way, can be described as an Asian expansion year,” Aeromexico’s Chief Revenue Officer Anko Van der Werff told reporters at the Shilla Seoul the same day.The airline will use a Boeing 787 Dreamliner on the route, which will fly out of Incheon four times a week. Representatives from Korea and Me
July 3, 2017
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11st releases instant reordering button for formula
E-commerce platform 11st said Monday it has partnered with Namyang Dairy Products to release an instant reordering button for baby formula, creating the first Korean equivalent of Amazon’s Dash button. Models pose with the Namyang Now Order button from 11st. (SK Planet)The service, called “Namyang Now Order,” allows repeat customers to order and pay for prechosen baby formula simply by pushing a physical button on a 10-centimeter device.By using the device, consumers can reorder baby formula wit
July 3, 2017
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[Photo News] Diageo Cool Drinkers graduate program
(Diageo Korea)Students celebrate the completion of Diageo Korea’s eighth Cool Drinker campaign at the Digaeo Korea headquarters in Gangnam-gu, Seoul on June 30. Since 2009, Diageo Korea has been promoting responsible drinking on college campuses with student Cool Drinkers who help to raise awareness.
July 3, 2017
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‘Qualcomm chief appeals to Moon over Korean anti-trust ruling’
Paul Jacobs, chairman of US chipmaking giant Qualcomm, complained about Korea’s recent anti-trust ruling to President Moon Jae-in during a Korea-US business summit in Washington last week, a local report said Monday.At the Wednesday meeting involving Korean business leaders accompanying Moon and US business leaders, Jacobs said “the Korean Fair Trade Commission’s ruling on Qualcomm was not fair,” Yonhap News said, quoting unidentified Korean business officials who were participants of the meetin
July 3, 2017
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Kia's June sales drop 13 pct amid China woes
Kia Motors Corp. said Monday its vehicle sales fell 13 percent last month from a year earlier largely hit by lower demand in China. The country's second-biggest carmaker by sales sold a total of 232,370 vehicles in June, down from 267,976 units a year earlier, the company said in a statement. "Among others, sharp sales declines in China continued to drive down monthly results," the company said in a statement, citing a row between Seoul and Beijing over the deployment of the Terminal High Altitu
July 3, 2017
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Hyundai's June sales fall 16 pct amid China woes
Hyundai Motor said Monday its sales fell 16 percent last month from a year earlier hit by weakening overseas demand, particularly in the Chinese market. The country's biggest carmaker by sales sold a total of 376,109 vehicles in June, down from 445,021 units a year earlier, the company said in a statement."Declining demand from China continued to affect the company's monthly sales results amid a diplomatic row (between Seoul and Bejing) over the deployment of the Terminal High Altitude Area Def
July 3, 2017
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Lotteria changes company name to Lotte GRS
Lotteria, the operating unit o the fast-food chain, said Monday it has changed the official company name to Lotte GRS to reflect its vision to expand its presence in the global market.During its shareholders meeting Friday, the new name, which stands for Global Restaurant Service, was approved, the company said. (Yonhap)Founded in 1979, the food affiliate of South Korea's retail giant Lotte has some 2,500 stores under seven brands nationwide, including the hamburger chain Lotteria and the cafe A
July 3, 2017
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Flavored milk could have high caffeine content
Coffee-flavored milk products may not always contain less caffeine than coffee products, a health report by Seoul City showed Monday.The Seoul Metropolitan Government’s Research Institute of Public Health and Environment looked into 106 drinks containing caffeine and found that five products, including coffee-flavored milk products, had caffeine content that went beyond the recommended daily allowance for youths, which is 125 milligrams per serving. (Yonhap)Of the five products with caffeine co
July 3, 2017
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Renault Samsung's June sales jump 15 pct on exports
Renault Samsung Motors, the South Korean unit of French carmaker Renault S.A., said Monday its June sales rose 15 percent from a year earlier on increased exports. Renault Samsung sold a total of 26,815 vehicles in June, down from 23,254 units a year earlier, due to strong demand for its SM6 flagship sedan, the company said in a statement. Domestic sales fell 17 percent on-year to 9,000 units from 10,778 units a year earlier. But exports jumped 43 percent to 17,815 units from 12,476 units during
July 3, 2017
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GM Korea's June sales dip 21 pct on weak local demand
GM Korea, the South Korean unit of General Motors, said Monday its June sales fell 21 percent from a year earlier due to weak domestic demand. GM Korea sold a total of 43,692 vehicles in June, down from 55,077 units tallied a year earlier, the company said in a statement. Exports declined 13 percent to 32,237 from 37,019 over the cited period. Domestic sales also plunged 37 percent to 11,455 units from 18,058 during the same period, it said. The sales slump was mainly affected by the sharp decli
July 3, 2017
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Mobile shopping exceeds online purchases made on PCs: data
South Korea's mobile shopping sales surpassed those of online purchases made on personal computers for the first time last year, industry data showed Monday, with the country having one of the highest smartphone penetration rates in the world.Mobile shopping sales surged 45.7 percent to 35.5 trillion won ($30.9 billion) in 2016, from 24.4 trillion won for the previous year, according to the figures provided by the Korea Online Shopping Association. (Yonhap)Online shopping sales using personal co
July 3, 2017
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Seoul to host int'l imagination industry forum
Seoul City said Monday that it will host an annual international forum on the present and future of the so-called imagination industries like cartoons, animation, games, VR and AR later this week. "The 2017 Seoul International Imagination Industry, titled "Attractions of Media, Media of Attractions," will open Wednesday for a three-day run at the S-Plex Center in Seoul," a city official said. (Yonhap)Among the participants are Dennis Hong, an American mechanical engineer and roboticist; Kenji O
July 3, 2017
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SsangYong's June sales fall 10 pct on lower demand
SsangYong Motor said Monday its June sales fell 10 percent last month from a year earlier due to slowing demand in emerging markets. The South Korean unit of Indian carmaker Mahindra & Mahindra sold 12,697 vehicles in June, down from 14,167 units a year earlier, the carmaker said in a statement. Domestic sales rose 8.1 percent to 10,535 units last month from 9,750 units a year earlier. But exports plunged 51 percent to 2,162 autos from 4,417 during the same period, the statement said. In the Jan
July 3, 2017
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Taekwang Power gets nod for $2.3b power plant project in Vietnam
Taekwang Power Holdings, a unit of South Korean textile and shoemaker Taekwang, said Monday that it has received approval from the Vietnamese government to build a $2.3 billion power plant in the Southeast Asian country.Taekwang Power has been seeking to build the plant with total capacity of 1,200 megawatts in the northeastern Nam Dinh Province, with a slew of South Korean firms, including Doosan Heavy Industries & Construction and POSCO Engineering & Construction, participating in the project.
July 3, 2017