Consumer dissatisfaction over the use of flight mileage is rising, as a rising number of people reportedly face difficulties in purchasing tickets or upgrading their seats using their air mileage.　The number of related claims filed to the Korea Consumer Agency has risen by 60 percent on-year from 280 to 448 cases as of July 2015, according to data provided by the KCA to Rep. Park Byung-suk of the main opposition New Politics Alliance for Democracy.  (123rf)　“An increasing number of consumers are

Industry Sept. 17, 2015

SK LEADS ENERGY EDUCATION -- SK Energy was recognized Thursday by the Ministry of Education for its excellence in promoting energy education in South Korea. Since May 2014, the company has been running an energy awareness campaign on Junior Naver, a portal website for children, as well as airing animation programs on kids-friendly TV networks. (SK Energy)

Industry Sept. 17, 2015

　Underaged children of the families of South Korea’s large business conglomerates own close to 100 billion won ($84.78 million) in shares, according to data by the Fair Trade Commission on Wednesday.　A total of 39 minors who are directly related to the owners of 15 conglomerates held stakes in their affiliates as of 2014, according to data provided by the FTC to Rep. Shin Hak-yong of the New Politics Alliance for Democracy. (123rf)　Their total shares were valued at 96.2 billion won ($81.5 millio

Industry Sept. 16, 2015

　OCI, a South Korea-based chemical company, has finished constructing its first solar plant in Jiaxing, China, accelerating its push into the country’s fast-growing photovoltaic power generation business.　The firm held a ceremony Monday to mark the completion of the new 2.5 megawatts PV solar power plant, having invested a total of $3.35 million, according to OCI. OCI CEO Lee Woo-hyun (second from left) examines the company’s newly-constructed solar plant located on the rooftop of the CMAG compa

Industry Sept. 15, 2015

　Hyundai Motor, South Korea’s biggest automaker, announced Monday a plan to hire 6,000 temporary subcontractor workers as permanent employees by 2017, in a bid to end controversy over the company’s labor practices.　After agreeing to promote 4,000 subcontractor workers to regular positions last year, the company management and the heads of the related labor unions agreed to hire 2,000 more by 2017. Hyundai Motor management strikes an agreement with related labor unions in Seoul on Monday to hire

Industry Sept. 15, 2015

CHEMISTRY FOR KIDS -- BASF Korea managing director Shin Woo-sung (left) participates in the BASF Kid’s Lab, an interactive chemistry education program for children led by the chemical company, in Ulsan on Tuesday. The education program aims to raise children’s interest in science and help them understand the importance of chemistry in their daily lives. Since the program’s foundation in 1997, more than 90,000 children around the world have participated, including 3,400 in Korea since 2003. (BASF

Industry Sept. 15, 2015

General Motors Korea and Renault Samsung Motors, both of which are categorized as Korean automakers, are expanding their imported car business on the back of the rising popularity of foreign car brands in all market segments.　Renault Samsung’s QM3, manufactured in Spain, and the recently-introduced Chevrolet Impala, produced in the United States and imported by GM Korea, are creating new success stories in the local mass vehicle market. Renault Samsung`s QM3 (Renault Samsung)　The two brands targ

Industry Sept. 8, 2015

　Samsung Group, South Korea’s leading conglomerate, has taken a significant step toward driving forward its newly-established biopharmaceuticals business, an emerging sector expected to become one of the company’s future growth engines.　Samsung Bioepis, the conglomerate’s biotechnology research and development unit, said Monday that it had gained approval from the Ministry of Food and Drug Safety to begin selling Brenzys, its biosimilar copy of Amgen and Pfizer’s rheumatoid arthritis treatment E

Industry Sept. 8, 2015

Kia Motors, South Korea’s second-largest automaker under Hyundai Motor Group, said Friday that its cumulative sales in Russia have surpassed 1 million units since it started direct operations in the country in 2009.Kia held a ceremony in Moscow Thursday to mark the achievement. Kia Motors Russia president Kim Seong-hwan attended the event with local officials as well as the country’s 1 millionth Kia customer, Ivan Lobanov.Kia Motors Russia president Kim Seong-hwan (left) poses with the 1 million

Business Sept. 4, 2015

HONOR FROM BRAZIL -- SKC chairman Choi Shin-won (right) poses with former Brazilian ambassador to South Korea Edmundo Fujita after receiving the Order of Rio Branco in a ceremony in Seoul on Wednesday. Choi has become the fourth Korean, after U.N. Secretary-General Ban Ki-mun, former POSCO chairman Lee Koo-taek and Hyundai Group chairwoman Hyun Jeong-eun, to receive this high honor for his role in advancing business ties and cultural exchange between Korea and Brazil. (SKC)　 

Industry Sept. 3, 2015

　Global chemicals company BASF is seeking to lead the way in increasing the use of less environmentally hazardous materials to manufacture chemical products in South Korea.　　BASF Korea said Tuesday that it had become the first in the industry to use a new chemical compound with a superior environmental profile to produce its flagship insulating polystyrene foam Neopor.　The German firm now produces Neopor using a newly-developed polymeric flame retardant, instead of hexabromocyclododecane or HBCD

Industry Sept. 2, 2015

　South Korea’s No. 1 wireless carrier SK Telecom announced a partnership deal with Finland-headquartered network equipment-maker Nokia on Tuesday to work on developing Internet of Small Things technology, which connects small sensors and devices. 　The two counterparts will collaborate on developing network technology, such as machine type communication, which is required to support large-scale transmission of kilobytes of data, and applications leveraging the MTC technology, according to the Seo

Technology Sept. 1, 2015

　The Daejeon Creative Economy Innovation Center, jointly established by SK Group and the South Korean government in a bid to nurture local start-ups, officially welcomed a new batch of venture firms to its facilities on Tuesday.　A total of 10 start-ups specializing in a diverse spectrum of businesses -- including the Internet of Things technology, health care, semiconductors, energy, solutions and fintech -- are set to receive tailored business mentorship and support at the center for the next 1

Industry Sept. 1, 2015

S-OIL SUPPORT FOR ETHIOPIA — S-Oil CEO Nasser Al-Mahasher (second from left) delivers 100 million won ($85,000) to World Vision Korea CEO Yang Ho-seung (second from right) in Seoul on Tuesday to support Ethiopian children. S-Oil plans to continue donations to Ethiopia for the next 10 years. (S-Oil)

Industry Sept. 1, 2015