STX Corp. plans to increase revenues generated from its coal mine in Indonesia to $200 million next year, and push up the mine’s output to 5 million metric tons by 2013.STX Corp. acquired 40 percent of the mine from the Indonesian mining firm PT Indoasia Cemerlang at the beginning of the year for $3

Industry Oct. 11, 2011

Small, independent firm LKH Investment Group was discovered using the names of business tycoons Lee Kun-hee and Koo Ja-hak without permission in an apparent financial scam. Lee is chairman of Samsung Electronics, international tech giant, and Koo is the third son of the LG Group founder and married

Industry Oct. 9, 2011

Small, independent firm LKH Investment Group was discovered using the names of business tycoons Lee Kun-hee and Koo Ja-hak without permission in an apparent financial scam.  Lee is chairman of Samsung Electronics, international tech giant, and Koo is the third son of the LG Group founder and ma

Podcast Oct. 9, 2011

The International Atomic Energy Agency’s workshop regarding public information on introducing new nuclear power plants will kick off in Seoul on Monday.The workshop organized by the Korea Nuclear Energy Promotion Agency will be held at Lotte Hotel World in Jamsil, southeastern Seoul until Friday.The

Industry Oct. 7, 2011

The human resource services provider Manpower has been included in the Best of Staffing Talent list, the company said Friday.Compiled by the U.S.-based research firm Inavero Inc., the Best of Staffing Talent list includes staffing firms whose services are rated highly by job seekers. According to th

Industry Oct. 7, 2011

The Korea-U.S. Free Trade Agreement could receive approval from the U.S. Senate as early as next week, Deputy Minister of Trade for FTA Choi Seok-young said Thursday. “The House Ways and Means Committee passed the bill for the Korea-U.S. FTA implementation, and at this rate, we expect the bill to be

Oct. 6, 2011

Korean company moves to invalidate iPad design rightsSamsung Electronics Co. is moving to invalidate Apple Inc.’s iPad design rights in Europe in a move to resume selling its own tablet computers in the European market.According to Samsung Electronics, the company filed an application for the annulm

Industry Oct. 5, 2011

The human resource services provider ManpowerGroup was included in among the top 50 companies in the InformationWeek 500 list.The list, compiled by the U.S.-based weekly InformationWeek, ranks companies headquartered in the U.S. with more than $250 million annual revenues according to the innovative

Industry Oct. 5, 2011

SK Holdings, SK Group’s holdings company, reorganized its divisions on Oct. 1 as part of efforts to increase the efficiency of its operations, the company announced Wednesday.In making the changes, the company merged the two divisions responsible for developing means for future growth ― the Global a

Industry Oct. 5, 2011

By Choi He-suk POSCO announced on Tuesday that it signed a long-term steel plate supply contract with Royal Dutch Shell.According to POSCO, the agreement is one of the first in which a steelmaker has signed on as a sole supplier to a multinational oil company.Under the agreement, signed on Sept. 28,

Industry Oct. 4, 2011

Dozens of North Korean defectors in China were recently arrested and will soon be deported back to their communist homeland, a South Korean humanitarian group said Sunday.In a special bulletin posted on its own website, the Commission to Help North Korean Refugees (CNKR) claimed a group of 20 North

North Korea Oct. 2, 2011