Most Popular
-
1
S. Korea, Singapore seal supply chain agreement
-
2
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
3
Korean language teaching expert says demand has outstripped supply
-
4
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
5
Conscripting women to lead to 'more babies,' claims military think tank
-
6
K-pop CEOs sidestep key issues at National Assembly audit
-
7
Who is pollster roiling politics with claims of government string-pulling?
-
8
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
9
Taking away phones during school hours not a human rights violation: watchdog
-
10
Korea launches antidumping probe into Chinese steel
-
Bosch names new Korean chief of diesel systems business
Bosch Group announced Thursday that it had named Choi Euy-jun, managing director of Bosch Korea’s diesel systems division and general manager of its Daejeon plant, to head its diesel business in Korea. The new diesel chief joined the Korean unit of the German auto parts maker in 1995 to lead the production team of the antilock braking system, or ABS. In 2004, he was also dispatched to Germany to oversee the CP3 diesel systems at the company’s Feuerbach plant. Since 2007, he has served as managin
Jan. 9, 2014
-
ICT exports, trade surplus reach record highs in 2013
South Korea’s outbound shipments of information and communication technology products and trade surplus in the sector surged to new annual highs last year, the government said Thursday.In 2013, the country’s exports of ICT products amounted to $169.4 billion, up 9.1 percent from the previous year, according to the Ministry of Trade, Industry and Energy.Its trade surplus in the ICT sector jumped 14.1 percent on-year to $88.6 billion in 2013 while imports gained 3.7 percent to $80.8 billion.“ICT e
Jan. 9, 2014
-
Court grants creditor protection to Ssangyong E&C
A local court granted Ssangyong Engineering & Construction Co. protection from creditors on Thursday in a move expected to help the embattled company overcome a liquidity crunch.The decision comes after the company filed for court receivership on Dec. 30 after its creditors decided not to extend their financial support.South Korea’s 16th-largest builder by construction capacity has been placed under debt rescheduling since June by its creditor banks after suffering a liquidity crunch. In 2004, t
Jan. 9, 2014
-
Johnson & Johnson fined for preventing price cuts
South Korea’s antitrust watchdog on Thursday fined Johnson & Johnson Korea 1.8 billion won ($1.68 million) for hampering eyeglasses stores from cutting prices of its contact lens products.Johnson & Johnson Korea is a local unit of Johnson & Johnson Visioncare headquartered in the U.S. It leads the contact lens market here with a 45 percent share as of 2012.According to the Fair Trade Commission, Johnson & Johnson violated fair trade laws by determining its own minimum prices before supplying its
Jan. 9, 2014
-
Asiana Airlines wins best air carrier awards in China
Asiana Airlines Inc. said Thursday that it won two high-profile awards in China in recognition of its efforts to meet the needs of its passengers.The company said it received the “best international airliner” citation at the Special Trip World Travel Awards 2013 hosted by the Oriental Morning Post in Shanghai.The award marks the third year in a row that Asiana won top honors at the annual event organized by the daily.The company said the latest recognition comes after it won the “best service” a
Jan. 9, 2014
-
[Photo News] Social contribution
Jan. 9, 2014
-
[Photo News] Samsung chairman attends New Year's dinner
Jan. 9, 2014
-
Facebook acquires India startup amid push to add mobile users
Facebook Inc. acquired a technology startup in India as the largest social-networking service seeks to bolster its presence among mobile-device users.Facebook bought Little Eye Labs, which develops tools that Android application developers can use to analyze and enhance efficiency of mobile apps, the Bangalore, India-based company said on its website. Financial terms weren’t disclosed for Facebook’s first purchase in India and Carson Dalton, the India spokesman of Menlo Park, California-based co
Jan. 8, 2014
-
[Eye on English] English fluency required for better life
Kim Yoon-jeong makes her son study with his teacher who visits her home from a language institution for one-on-one tutoring once a week, and allocates an hour every other day of the week to studying the language online.This is “the least” she says she can do for her son, when compared with other fourth-graders whose parents commonly send them to institutions or have them study at home with a tutor every day.Anything more than once-a-week home tutoring would cost extra and would be further burden
Jan. 8, 2014
-
[Eye on English] International schools alternative to overseas study
International schools have long been favored by the nation’s affluent students as an alternative to studying overseas and as a means to enter top U.S. colleges.International schools in Korea were originally set up to educate the children of foreign employees or Korean students who had studied overseas due to their parents’ jobs. Thus, the applicants must have foreign nationality or have lived overseas for at least three years. Annual tuition fees are generally more than 20 million won ($19,000)
Jan. 8, 2014
-
Samsung C&T leads in consumer satisfaction
Samsung C&T Corporation, the constructor of domestic “Raemian” brand apartments, topped this year’s National Customer Satisfaction Index, the Korea Productivity Center said. Top hotels and general hospitals also have managed to satisfy their users despite the sluggish economy, but the agency said it was not yet time to be complacent, stressing that businesses will have to find a unique approach to seek out more customers in the future. The NCSI is an economic indicator that measures consumer sat
Jan. 8, 2014
-
Shilla to expand duty-free operations in Singapore
The Shilla Duty Free Shop will operate the cosmetic and perfume section inside Changi Airport duty-free zone in Singapore from October, Shilla Hotel, the retailer’s parent company, said Wednesday. Shilla won the deal to operate a total of 20 stores at terminals 1, 2 and 3, as well as terminal 4, which will be completed in around 2017. The contract is valid until Sept. 30, 2020. Shilla expects 600 billion won ($561 million) in sales there next year. The company has already been running part of th
Jan. 8, 2014
-
LG Electronics fined for abusing agencies
The Fair Trade Commission fined LG Electronics 1.9 billion won ($1.78 billion) for having pressured its smaller sales branches for built-in home appliances to agree on joint guarantees against failed payments of delivered goods, the country’s anti-trust agency said on Wednesday. The FTC’s investigation revealed that from June 2008 to the end of last year, LG Electronics had been abusing its status as a large home appliance manufacturer to demand joint liability for due payments.The FTC found 441
Jan. 8, 2014
-
Large business group rankings fluctuate in ’13
The corporate rankings of South Korea’s large businesses fluctuated sharply last year with further changes expected in 2014 as many struggle to cope with difficult times, local data showed Wednesday.According to CEO Score, an online corporate productivity evaluation site, the rise and fall of conglomerates in 2013 was the most volatile since the 1998 Asian financial crisis.STX, Tongyang and Woongjin groups faced outright dissolution or came close to losing their status as three of the 50 largest
Jan. 8, 2014
-
Whiskey sales hurt by long-term slump
Whiskey sales in South Korea fell sharply last year from a year ago as a prolonged economic slump drove away budget-conscious consumers, industry data showed Wednesday.According to the data, whiskey product sales fell 12.8 percent to 1.86 million boxes from 2.12 million boxes a year earlier. One box contains 18 0.5-liter bottles.Diageo Korea Co., the South Korean unit of the British liquor company that took the top spot in the local whiskey market, sold 720,293 boxes last year, down 10 percent f
Jan. 8, 2014
-
[Photo News] Homeplus Seollal sale
Jan. 8, 2014
-
S. Korean carriers likely to allow electronic devices during landing, takeoff
South Korea may soon allow the use of any electronic devices during landing and takeoff if confirmed that the devices do not interfere with aircrafts' own communication and navigational systems, the government said Wednesday.The move, if realized, will allow passengers to use any electronic devices, including cellular phones, at any time during their flight. Smartphones, however, must be put on flight mode, which cuts off radio communication.The government has already formed a special task force
Jan. 8, 2014
-
Overseas orders for Korea's industrial plants slip in 2013
Overseas orders for Korea's industrial plants shrank slightly from a year earlier in 2013 due to sharp drops in orders from Middle Eastern and American countries, the government said Tuesday. Overseas orders for the country's industrial plants, including offshore facilities, came to about $63.67 billion last year, down 1.7 percent from 2012, according to the Ministry of Trade, Industry and Energy. "The local industry can be said to have successfully entered a phase of steady overseas orders
Jan. 7, 2014
-
5 carmakers probed for alleged cartel
The antitrust regulator launched its investigation into five major automakers including Hyundai Motor and Kia Motors for allegedly fixing price tags.According to the Fair Trade Commission, the three others included three foreign-controlled companies ― GM Korea, Renault Samsung Motors and Ssangyong Motor.This marked the first time that the FTC has carried out a probe into alleged cartel activity in the passenger vehicle sector, while the regulator had sanctioned a group of commercial vehicle manu
Jan. 7, 2014
-
SK considers legal action against Incheon City
Up to 1.6 trillion won ($1.5 billion) is about to go down the drain for SK, and the company is not going to stand for it. SK Incheon Petrochem, which was spun off from SK Energy last May, is considering taking legal action against the Seo-gu Office of Incheon City to rescue its faltering 1.6 trillion won investment project, SK Innovation, said the holding company of SK Group’s energy businesses. “The company will take all types of measures, including legal action, to put the investment project b
Jan. 7, 2014