The Italian Chamber of Commerce in Korea and Edrington Korea are holding a weeklong promotion to promote Campari, a predinner wine imported from Italy.The campaign, “Reddy to Italy,” kicked off Monday to first promote Italy’s aperitivo, a part of the country’s dining culture, and Campari, one of its representative predinner wine brands. The word “reddy” represents the color of the wine and was picked to raise consumer interest in the world of Italian wine, the company said. The Aperitivo Week ru

Industry Sept. 1, 2017

A local court ruled bonuses and lunch allowances paid to workers at Kia Motors as part of “ordinary wages” Thursday, ordering the nation’s second-largest carmaker to pay 422.3 billion won ($375.5 million) as compensation.The Seoul Central District Court was partially upholding the demand by workers from Kia Motors, the nation’s second-largest automaker, who had claimed 1.09 trillion won, or about 110 million won per worker in compensation. However, the court ordered that they be paid around one-

Industry Aug. 31, 2017

Amid ongoing talks with the US government to amend the bilateral free trade agreement with South Korea, the head of the nation’s largest group of exporters on Tuesday evening urged business leaders to strengthen cooperation, stressing that it would benefit both in the fast changing trade environment. Speaking at a forum held to welcome members of US congress visiting Seoul, Kim In-ho, Chairman of the Korea International Trade Association said that business leaders should promote bilateral exchan

Industry Aug. 30, 2017

Beijing Hyundai, a joint venture between Hyundai Motor and BAIC Motor, resumed the operations of its four plants in China on Wednesday, ending a weeklong suspension triggered by delayed payments to a local supplier.Since last week, Hyundai had halted assembly lines at its three plants in Beijing and a fourth facility in Changzhou. The carmaker was forced to stop the assembly lines temporarily, as a local partner declined to supply auto parts over delayed payments for its products.  (Yonhap)Beiji

Mobility Aug. 30, 2017

Hyundai Motor, South Korea’s largest carmaker, has suspended the operations of its manufacturing plants in China, the carmaker said Tuesday.The carmaker’s office in China, Beijing Hyundai, has decided to halt its three plants in the Chinese capital and a fourth facility in Changzhou. (Yonhap)The decision came as local partners are declining to supply auto parts to Hyundai in a show of complaint over delayed payments for their products.Beijing Hyundai has failed to pay around 18.9 billion won ($1

Mobility Aug. 29, 2017

Twelve diesel vehicles imported by Audi Volkswagen Korea, which have been suspended from sales on charges of manipulating related documents, have passed emissions tests set by South Korea’s Environment Ministry, officials said Tuesday.The National Institute of Environmental Research, an agency under the ministry commissioned to run emissions tests on vehicles aiming to enter the market here, has approved the diesel cars, which include the small sport utility vehicle Tiguan and Arteon, the latest

Mobility Aug. 29, 2017

Samsung Electronics Vice Chairman Lee Jae-yong on Monday appealed the verdict that sentenced him to five years in jail over bribery charges, with the tech giant contending the absence of the heir has brought “an unprecedented crisis.”The Seoul Central District Court said legal representatives of Lee had submitted a petition to appeal, claiming that the ruling on Friday had a juridical error and misunderstanding of facts. Samsung Electronics Vice Chairman Lee Jae-yong (Yonhap)The 49-year-old heir

Industry Aug. 28, 2017

The five-year jail sentence of Samsung’s de facto leader Friday drove the world’s largest producer of smartphones and chips into a deeper quagmire, as Samsung Electronics Vice Chairman Lee Jae-yong was found guilty of all five charges over his involvement in the corruption scandal that led to the impeachment of the nation’s former president.The court acknowledged a special counsel’s accusation that Lee and other executives were aware of President Park Geun-hye’s close relationship with her frien

Industry Aug. 25, 2017

On the eve of the court’s Friday ruling on Samsung’s de facto leader, tension mounted in South Korea’s corporate community over how the tycoon’s fate would impact the future of the world’s largest producer of smartphones and microchips. On 2:30 p.m. Friday, a local court in Seoul is to deliver its ruling on Samsung Electronics Vice Chairman Lee Jae-yong, who is accused of five charges including bribery, flight of capital and embezzlement. The court decided to deliver the verdict without live cov

Industry Aug. 24, 2017

Jumping into the market for B-segment crossovers in South Korea, Renault Samsung, the local unit of the French automaker, unveiled a revamped QM3 on Wednesday, highlighting the design heritage of the European country.Known as the Captur in Europe, the crossover utility vehicle was No. 1 in the segment in the market there three years in a row. But to make it appealing in Korea, where masculine German designs are favored, Renault Samsung added “charismatic features” to the existing design. “The ne

Mobility July 26, 2017

Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry, has exhibited a somewhat different image as a member of a chaebol family in the past years. The former Doosan Group chairman and the fifth son of the nation’s oldest conglomerate, posts his daily ride to work via subway train on Twitter, and is known as a man of humor who surprises his staff on April fool’s day. Through a TV program on Korean chaebol some years ago, the chairman even opened up his residence, family and his l

Industry July 20, 2017