Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Yoon set for talks with Marcos in Philippines
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Can Jennie break the K-pop solo artist slump?
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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First lady’s Dior bag scandal to be at center of Assembly audit
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Firefighters’ 3,000 won meals spark nutrition concerns
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[Monitor] Fried chicken joints earn least amongst franchises
Among franchise stores in Korea, fried chicken chains earned the least throughout last year, according to data from Statistics Korea last week.The number of franchise stores, the number of employees there and the annual revenue all inched up from the previous year.Gangwon Province had the largest number of franchise stores per capita, while South Jeolla Province had the least.Fried chicken chains earned an average of 169.1 million won throughout last year, the lowest among 12 types of franchises
Dec. 29, 2019
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Daewoo E&C develops remote drone control system
Daewoo Engineering & Construction said Sunday it has succeeded in developing a remote drone control system, the first by a South Korean construction company.Daewoo Construction Drone Surveillance (DW-CDS) is capable of remotely and comprehensively controlling drones at a control center through an exclusive application and program. It can also monitor up to 256 sites simultaneously by transmitting video to its control platform called CDS.Live on 4G and 5G networks, the firm said The system su
Dec. 29, 2019
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Korean IT CEOs to flock to CES 2020
Heads of Samsung Electronics and LG Electronics are to attend the Consumer Electronics Show 2020 in Las Vegas from Jan. 7-10.Samsung’s Consumer Electronics division CEO Kim Hyun-suk will deliver the keynote speech on Jan. 6, the company said Sunday. LG’s president and chief technology officer Park Il-pyung had been the keynote speaker at the CES 2019. Top officials from Samsung to attend the CES 2020 are Device Solution division’s vice chairman and CEO Kim Ki-nam, IT &
Dec. 29, 2019
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S. Korea's machinery exports top $50b mark for 2nd year
South Korea's annual exports of machinery surpassed the $50 billion threshold, data showed Sunday, standing as the second-largest export item for Asia's No. 4 economy after semiconductors.The country's outbound shipments of general machinery are estimated at $52.5 billion this year, according to the Ministry of Trade, Industry and Energy.The country's machinery exports surpassed the mark for the first time last year by shipping $53.5 billion, up 10 percent from a year earlier. Machines are the s
Dec. 29, 2019
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S. Korean auto market to grow 1.2% next year: report
South Korea's auto market is expected to grow 1.2 percent next year, turning around from this year's estimated 3.6 percent contraction, a report showed Sunday.According to the report compiled by Hyundai Motor Group, the country's auto market is expected to reach some 1.77 million units next year, following this year's estimated 1.75 million units.The report said the United States, the world's largest auto market, will suffer a drop in auto sales for the second consecutive year, while China will
Dec. 29, 2019
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Japanese travelers to S. Korea still outpacing Korean visitors to Japan amid trade row
More Japanese tourists have visited South Korea than South Koreans have visited the Asian neighbor since August, data showed Sunday, after their countries have been engaged in an unprecedented trade row, sparking a boycott of Japanese goods and services here.The number of Japanese visiting South Korea reached 329,652 in August, while that of South Koreans visiting Japan came to 308,730, according to the data compiled by the tourism promotion agencies of both countries.It marked the first time in
Dec. 29, 2019
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Hyundai, Kia's SUV sales in Europe tipped to hit record high this year
The sales of SUVs in Europe by South Korea's top two carmakers -- Hyundai Motor Co. and Kia Motors Corp. -- may hit a record high, probably surpassing the 500,000-unit mark, aided by its diversified portfolio and strong demand, industry sources said Sunday.According to the sources, the two carmakers have sold some 460,000 SUVs in the European market through November, already nearing last year's 467,550 units in total. Should the pace be maintained, their annual sales of SUVs in Europe will top t
Dec. 29, 2019
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Korean shipyards tipped to maintain No. 1 spot in new orders this year
South Korean shipbuilders, led by top player Hyundai Heavy Industries Co., are expected to maintain their status as the world's top position in new orders this year, although they may fail to meet their annual order targets, industry sources said Sunday.According to the sources, South Korean shipbuilders have secured new orders totaling 7.12 million compensated gross tons to build a total of 168 ships through November, accounting for 36 percent of the total deals placed around the globe.Chinese
Dec. 29, 2019
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Samsung to launch 'clamshell' foldable phone in Feb.
Samsung Electronics Co. is set to release a new foldable smartphone that folds like a clam in February before the release of the upcoming flagship Galaxy S11 next year, industry sources said Sunday.The South Korean tech giant is currently in talks with the country's three mobile carriers to release its second foldable smartphone at home, with a goal of releasing it in February, according to the sources.Samsung Electronics will hold its Unpacked event in the United States in mid-February, where i
Dec. 29, 2019
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KT’s board selects media business head as new chairman
South Korea’s telecom giant KT said Friday its board of directors has approved the appointment of current head of customer and media division Koo Hyun-mo as the new chairman. Koo will be officially appointed as KT’s new leader following the final approval at a shareholders meeting scheduled in March. When Koo is appointed, he will be the first insider to take the helm at the formerly state-owned company in 12 years. Over the period, former CEOs -- Hwang Chang-gyu Hwang and Lee
Dec. 27, 2019
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Hyosung Group leader prosecuted for violating fair trade law
The prosecution said Friday that it has indicted the chief of South Korean textile and chemical conglomerate Hyosung Group without detention on charges of violating the fair trade law."We indicted Hyosung Group Chairman Cho Hyun-joon the previous day," the Seoul Central District Prosecutors Office said.Earlier, the Fair Trade Commission had reported the 51-year-old Cho to the prosecution for providing unfair financial assistance to ailing Galaxia Electronics Co., a Hyosung affiliate in
Dec. 27, 2019
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[Graphic News] Demand for luxury cars increasing in S. Korea: data
The demand for luxury cars in South Korea increased sharply in 2019 from a year prior, data showed, despite the overall decrease in sales of imported cars here. Sales of imported luxury cars with price tags of 300 million won ($258,000) or higher reached 360 units over the January-November period, posting threefold growth on-year, according to data compiled by the Korea Automobile Importers & Distributors Association. (Yonhap)
Dec. 26, 2019
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South Korea’s mobile carriers seek opportunities at CES 2020
South Korean mobile carriers SK Telecom and LG Uplus are ramping up efforts to find new business opportunities at the upcoming Consumer Electronics Show 2020 that kicks off in Las Vegas on Jan. 7.Their participation in the world’s largest annual tech event is largely in line with their parent groups’ involvement in the show. Yet, the growing importance of 5G network in the electronics and smart mobility sectors is also an important factor, according to industry sources.The capabiliti
Dec. 26, 2019
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[Newsmaker] For college students, Samsung remains most coveted employer
University students in South Korea still view tech giant Samsung Electronics as the most desirable future employer, a local survey showed Thursday. According to the survey of 473 male students and 586 female students conducted by online job portal JobKorea, 10.6 percent chose Samsung Electronics as the company where they would most like to work. The next most popular answer was Korean Air (7.6 percent), followed by food manufacturer CJ CheilJedang (6.7 percent) and the Korea Electric P
Dec. 26, 2019
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Hyundai Rotem wins deals worth W243.3b for combat vehicles
Hyundai Rotem Co., a South Korean train and defense equipment maker, said Thursday that it has clinched 243.3 billion won ($209.5 million) worth of orders to build combat engineering vehicles and tanks.Hyundai Rotem is set to deliver combat engineering vehicles and K1E1, an enhanced version of K1 tanks, to the Defense Acquisition Program Administration, South Korea's arms procurement agency, by 2020 and 2022, respectively. Hyundai Rotem did not give details on the number of combat engineering ve
Dec. 26, 2019
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Arrival duty-free shops to begin selling cigarettes from March
South Korea's finance ministry said Thursday it will allow arrival duty-free shops to sell cigarettes from March, in a move to promote businesses of arrival shops. The nation's first on-arrival duty-free shops opened at Incheon International Airport, the country's main gateway, in May, but the shops had been banned from selling tobacco. After revising an ordinance on customs regulations, one person will be allowed to buy one 10-pack carton of cigarettes at arrival duty-free shops from March next
Dec. 26, 2019
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Seoul, Beijing, Tokyo to carry out joint study to address pending issues
South Korea, China and Japan on Thursday agreed to resume their joint research program to resolve shared environment issues, such as fine dust, Seoul's science ministry said Thursday.Top science officials from the three neighboring countries gathered in Seoul to discuss pending issues, according to the Ministry of Science and ICT.The trilateral meeting marks the first of its kind since 2012, when science ministers from the three countries gathered. According to the ministry, the three countries
Dec. 26, 2019
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Ex-KHNP chief tapped to lead Hyundai Electric & Energy Systems
Hyundai Electric & Energy Systems said Thursday it has appointed the former chief of Korea Hydro & Nuclear Power as president and CEO, the first outsider to take the top job.The Korean electrical power equipment provider said new CEO Cho Seok was appointed to replace former chief Chung Myung-lim, who resigned two days ago. The company is an affiliate of Hyundai Heavy Industries Group. Cho, 62, began his career at the Ministry of Knowledge Economy in 1981 after graduating from Seoul
Dec. 26, 2019
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Korean firm successfully relocates historical structures in Turkey
CJ Logistics Corp., a major South Korean logistics firm, said Thursday it completed the relocation of historical structures in Turkey to prevent them from potentially being submerged by a dam project.The Hasankeyf project, launched in 2017, involved transporting 23 units of ancient structures aged well beyond 500 years from Hasankeyf in southern Turkey without disassembling them to a safer place where they aren't at risk of being submerged, according to CJ Logistics. The town is well known for i
Dec. 26, 2019
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Hyundai E&C wins 800b won worth of orders in Singapore, Vietnam
Hyundai Engineering & Construction Co. said Wednesday it has clinched some 800 billion won ($687 million) worth of deals to build a road and a hotel in Singapore and Vietnam, respectively.The deal with Singapore's Land Transport Authority, worth $435 million, calls for Hyundai E&C to build a 4.5-kilometer elevated highway in Sembawang in the northern part of Singapore. Hyundai E&C expects the construction of the road to take 84 months. Separately, Hyundai E&C said it has won a co
Dec. 25, 2019