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
Who is pollster roiling politics with claims of government string-pulling?
-
7
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
8
Taking away phones during school hours not a human rights violation: watchdog
-
9
Korea launches antidumping probe into Chinese steel
-
10
[Grace Kao] Why K-pop lip-syncing doesn’t bother me
-
LG Display’s 3Q operating profit up 31%
LG Display, the world’s biggest manufacturer of LCD displays, announced Thursday that its operating profits in the third quarter posted 389 billion won ($365 million), up by 31 percent from the previous year. Its sales fell 13.4 percent to 6.6 trillion won while its net profit increased 51.3 percent to 239 billion won. This figure met market expectations as analysts predicted that its sales and operating profits to be 6.97 trillion won and 393 billion won, respectively. Despite the continued slu
Oct. 17, 2013
-
Single households emerge as big spenders in Korea
One-person households have emerged as big spenders in the South Korean retail market, a poll showed Thursday, helped in part by the lack of major areas of expenditure like child care, a poll showed Thursday. According to the poll of 500 households by the Korea Chamber of Commerce and Industry, the percentage of monthly disposable income to the whole monthly income at single households came to 32.9 percent, nearly twice the 17.2 percent for three or four-person households. Single households’ mont
Oct. 17, 2013
-
Google to support plans for improving online environment
Google, which has recently come under heat by lawmakers for allegedly receiving preferential treatment from the government, is willing to support Korea’s efforts to improve its local online environment, sources said on Thursday.“The company has been in talks with the government on working closer together for some time now, before the current parliamentary audit,” said one source close to Google Korea, who declined to be identified. The Ministry of Science, ICT and Future Planning also confirmed
Oct. 17, 2013
-
Hyundai Steel, Hysco partially merge steel biz
Aiming to optimize the management efficiency of its steelmaking business, Hyundai Motor Group decided to merge Hyundai Steel and the cold rolled steel sheet division of Hyundai Hysco, officials said Thursday.The merger after divestiture was confirmed in both companies’ directorate meetings on Thursday morning, at last ending the rumors that had boosted the steelmaker’s stock prices over the past months.“The merger is to create a synergy effect with our recently-completed blast furnace and thus c
Oct. 17, 2013
-
Apple cuts orders of iPhone 5C: report
Apple Inc. plans to cut production orders of the iPhone 5C and expand production of the iPhone 5S instead, the Wall Street Journal reported Wednesday. Apple asked manufacturers Pegatron and Foxconn to downsize production of the iPhone 5C, expecting weaker-than-expected sales. Pegatron, which assembles two-thirds of Apple’s iPhone 5C, has cut production orders by 20 percent, and Hon Hai Precision Industry Co., also known as Foxconn, also slashed its production by one-third.Meanwhile, orders for t
Oct. 17, 2013
-
Hyundai Steel to merge with sister firm's auto steel division
Hyundai Steel Co., the country's No. 2 steelmaker, said Thursday that it plans to merge with an auto steel sheet-making division of its affiliate, in order to cut costs and improve profitability.Hyundai Steel said its board of directors approved a merger with Hyundai Hysco Co.'s cold-rolled steel-making division on Dec. 31, the company said in a regulatory filing.Currently, Hyundai Steel, a unit of Hyundai Motor Group, supplies steel sheets to Hyundai Hysco, which processes them into steel sheet
Oct. 17, 2013
-
Samsung begins work on new R&D center in Silicon Valley
Samsung Electronics Co., the world's largest smartphone maker, said Thursday that it has started construction on a new R&D center in California.The new R&D center in Mountain View, California, is expected to open in December next year, it said in a U.S. press release, adding that the state-of-the-art campus will provide the infrastructure necessary to support Samsung's open innovation and university collaboration activities.The new state-of-the-art R&D center will provide an "outstanding environ
Oct. 17, 2013
-
[Photo News] Energy CEO's visit to shipyard
Oct. 16, 2013
-
[Photo News] For shared growth
Oct. 16, 2013
-
Hyundai Mobis to invest $1.7b in R&D by 2015
Hyundai Mobis on Wednesday pledged to become one of the top five auto parts makers worldwide by 2015, announcing a new investment plan worth 1.8 trillion won ($1.7 billion) over the next two years for research and development. The auto parts maker, affiliated with Hyundai Motor, said it would pour considerable resources into developing automotive electronics systems to be used for smarter cars and self-driving vehicles. The No. 8 auto parts company globally logs about 26 trillion won in automot
Oct. 16, 2013
-
Hanjin signs MOU on building world-class medical facility
Shipping and airline giant Hanjin Group on Wednesday said it had signed a memorandum of understanding with Incheon City and Incheon Free Economic Zone to construct a medical complex in Songdo International City.The Hanjin Medical Complex will be the first of its kind in the area and has been pursued by Hanjin as a means for giving back to society and also to pursue mutual growth in Incheon, where Hanjin Group has its roots.“We hope the complex will eventually be known as a world-class medical fa
Oct. 16, 2013
-
N.K. key hurdle to regional energy grid
North Korea, which geopolitically borders with energy heavyweights like China and Russia, was highlighted as a key obstacle for transnational energy projects in Northeast Asia during the 2013 World Energy Congress in Daegu.In a WEC session Tuesday on energy cooperation in Asia, energy industry leaders proposed an innovative “super-grid” project to build a power grid network in Northeast Asia. The grid would allow connected countries to transmit power to one another to ease pressure on those faci
Oct. 16, 2013
-
Kakao seeks coprosperity with smaller firms: CEO
The way mobile messenger Kakao Talk has changed how people in Korea communicate is undeniable.Many have embraced the messenger service as a new and much cheaper means of dialogue, and the numbers are the proof of its popularity, with 120 million subscribers worldwide and almost 35 million domestic users. Based on this success, Kakao Corp., the operator of the messenger service, appeared to be ready to take the next big step. “We’re seeking higher levels of coprosperity with our partners by utili
Oct. 16, 2013
-
Second Samsung R&D center breaks ground in Silicon Valley
Samsung Research America, a subsidiary of Samsung Electronics, held a groundbreaking ceremony for its new research and development center in Mountain View, California, on Wednesday. Its 8.5-acre campus will have two six-story buildings, which take up approximately 385,000 square feet, and two multistory parking lots. “Our new state-of-the-art R&D center will provide an outstanding environment to support our plans for strategic growth and attracting the very best employees,” said SRA president Da
Oct. 16, 2013
-
Foreign cosmetics 4-6 times import price
South Korea customers pay four to six times more for foreign cosmetics than the original imported price, data showed Wednesday. “Experts say the quality is indiscernible but customers choosing high-end foreign brands over domestic products are continually on the rise,” said Rep. Kim Hyun-sook, citing data from the Ministry of Food and Drug Safety.At Korean stores, Japanese beauty brand SK-II‘s “Facial Treatment Essence” was sold at 199,000 won ($206), nearly four times more expensive than its 51
Oct. 16, 2013
-
Samsung's Galaxy S4 top-selling smart device in August: report
Samsung Electronics Co.'s Galaxy S4 was the most sold smartphone in the world in August, data showed on Wednesday.According to the data compiled by Hong Kong-based Counterpoint Technology Market Research, an estimated 5 million units of the Galaxy S4 smartphone were sold in August, but the figure was sharply down from its monthly peak of 7 million in June.The sales of the Galaxy S4 remained strong but was offset by other Galaxy smart devices such as the Galaxy S3, the data showed.The Galaxy Note
Oct. 16, 2013
-
Naver founder joins Korean rich list
Naver’s founder Lee Hae-jin joined the list of Korea’s richest people, according to a local conglomerate-tracking website. Chaebul.com said Wednesday that Lee, who owns 4.64 percent of shares in the nation’s largest search engine, has stock value worth 1.45 trillion won ($1.4 billion). Lee resigned from his post as chief strategy officer in January, and has since been serving as chairman of Line Corp., the Japanese arm of Naver that operates messenger Line.His shares surged from 50.6 million won
Oct. 16, 2013
-
Exports of industrial parts, materials up 3.7 pct through Sept.
South Korea's trade surplus in the industrial parts and materials sector rose to a new high in the first nine months of this year as the growth of its exports outpaced that of imports, the government said Tuesday.In the January-September period, the country's exports of industrial parts and materials came to some US$196 billion, up 3.7 percent from the same period last year, and its imports rose 1.4 percent on-year to reach some $123 billion, according to the Ministry of Trade, Industry and Ener
Oct. 15, 2013
-
Google engineer vows to improve search
A senior Korean software developer working for Google pledged to help develop a search engine that provides better and accurate results.“We’ll try to develop Google’s search system so that it can become a more advanced computing system to better meet the needs of the users,” said Kim Young-jin, a senior software engineer at the Internet giant, who participated in a developers conference held by Korean Web portal service provider Naver in Seoul on Tuesday. In Korea, Naver is the dominant search e
Oct. 15, 2013
-
Lawmakers accuse Korea of holding back Internet firms
Lawmakers have claimed the government over-regulated local online companies and subsequently allowed their foreign counterparts more leeway, a lawmaker said in an assembly audit on the Ministry of Science, ICT and Future Planning on Monday. Recently, the government presented Internet search guidelines that essentially obligated local Web portals to disclose their search standards and principles. Leading portals such as Naver, Daum Communications and SK Communications immediately announced their
Oct. 15, 2013