Hyundai Motor Co.s' i30N hot hatches completed a 24-hour endurance race in Germany last weekend, performing better than last year, the company said Monday. Hyundai sent two i30N hatchback models to the 2017 24 Hours Nurburgring to test components that will eventually make it into production cars. They completed the 25-kilometer-long "Green Hell" circuit in Nurburgring, with one of them ranking 50th this year.  In this photo taken during a 24-hour endurance race in Nurburgring, Hyundai's i30N hat

Mobility May 29, 2017

Hyundai Motor Co. and Kia Motors Corp. said Monday they will continue to help their contractors hire talented employees to ensure mutual growth. In the past five years, Hyundai and Kia have arranged job fairs to help their subcontractors hire a total of 80,000 workers, an average of 16,000 a year. They have also operated an online recruiting program for subcontractors, Hyundai said in a statement. In this photo taken on May 29, 2017, jobseekers wait their turn for interviews with subcontractors

Mobility May 29, 2017

The 2017 All-Star Game for the top South Korean professional football league will take place in Vietnam, officials said Monday.The K League, operator of the national pro competition, said the annual All-Star Game will be held at My Dinh National Stadium in Hanoi on July 29. (Yonhap)A team of All-Stars from the top-flight K League Classic will take on the Vietnamese national team set to compete at the 29th Southeast Asian Games in Kuala Lumpur in August.The Vietnamese squad will include Luong Xua

Soccer May 29, 2017

South Korean stocks ended slightly lower Monday on increased selling by institutions. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index shed 2.33 points, or 0.10 percent, to 2,352.97.Bae Sung-young, a market analyst at KB Securities Co., said institutions offloaded stocks in apparent profit-taking, which is to blame for losses on the main bourse.Kim Ye-eun, an analyst at Cape Investment & Securities, also said Samsung Electronics and other major large-

Market May 29, 2017

Jin Air Co., the budget carrier unit of Korean Air Lines Co., said Monday the number of passengers it served has exceeded 30 million nearly nine years after it started operating.Jin Air, launched in July 2008, became the second low-cost carrier to reach the milestone after Jeju Air Co., which reported the achievement in January 2016.  In this photo, taken on May 29, 2017, an executive at Jin Air (left) holds an event to deliver free two-way tickets on an international route to Lee Si-jin, who is

Industry May 29, 2017

The South Korean government said Monday that it will take immediate action against any turbulence in the local financial market and the national economy sparked by North Korea's latest missile launch.Around 5:39 a.m., North Korea fired a short-range ballistic missile, presumed to be a Scud type, from its eastern coast. It marked the communist nation's ninth missile test this year and the third since the new Moon Jae-in administration took office May 10.The liberal government had been seeking to

Market May 29, 2017

New home permits in South Korea plunged nearly 30 percent in April from a year earlier, the government said Monday, amid its move to limit housing sales as a way of curing household debt and rising interest rates.Construction permits issued for new homes came to 43,568 last month, down 27 percent from the same month a year earlier, according to the Ministry of Land, Infrastructure and Transport. April marked the fifth consecutive month of decline. In the first four months of the year, new home p

Economy May 29, 2017

A Seoul court on Monday rejected an application for an injunction to stop the national skating federation from selecting its new corporate sponsor.South Korean sports apparel brand FILA Korea last week filed an injunction against the Korea Skating Union to halt its sponsor selection process on the grounds that the KSU had violated the spirit of fair play.But the Seoul Eastern District Court said FILA didn't offer clear evidence that transparency and fairness had been compromised. The court added

More Sports May 29, 2017

South Korea's senior national football team players said Monday they believe the young Taeguk Warriors will make further progress at the FIFA U-20 World Cup.Hosts South Korea in the 24-team FIFA competition will play their round of 16 match against Portugal on Tuesday at the 25,814-capacity Cheonan Sports Complex in Cheonan, some 90 kilometers south of Seoul. They have qualified as Group A's runners-up behind England with two wins and one loss. South Korean senior national football team players

Soccer May 29, 2017

Tottenham Hotspur's South Korean attacker Son Heung-min said Monday he feels "embarrassed" about leading the scoring at the English Football Association Cup since his goals came against inferior opponents.The FA Cup ended with Arsenal's victory over Chelsea at Wembley Stadium in London on Saturday. Although Tottenham were eliminated in the semifinals by Chelsea, Son scored six goals at the competition, tying Adam Morgan of Curzon Ashton. There isn't an official award given to the FA Cup's best s

Soccer May 29, 2017

Loans extended to local businesses rose slightly in the first quarter from a quarter earlier on increased operating expenses and facility investments, central bank data showed Monday.Outstanding corporate loans came to 1,001.7 trillion won ($894 billion) in the January-March period, up 1.6 percent from a quarter earlier, according to data from the Bank of Korea. Compared to a year earlier, the first quarter figure marked a 4.4 percent gain.In terms of where the money was spent, loans extended to

Market May 29, 2017

South Korea football coach Uli Stielike said Monday he isn't yet thinking about bringing in the country's young footballers to the senior national team, although they've been impressive at the ongoing FIFA U-20 World Cup.Stielike said Lee Seung-woo and Paik Seung-ho, two FC Barcelona prospects who were pivotal for South Korea's qualification to the round of 16 of the U-20 World Cup, proved their talents in their age group, but they will have a tough time on the senior side. South Korea football

Soccer May 29, 2017

South Korean stocks extended gains late Monday on increased foreign buying.The benchmark Korea Composite Stock Price Index gained 10.49 points, or 0.45 percent, to 2,365.79 as of 11:15 a.m.The broad index didn't track Friday's losses on Wall Street.The Dow Jones industrial average fell 0.01 percent.Kim Ye-eun, an analyst at Cape Investment & Securities, said foreign investors bought large-cap stocks, giving a boost to the main index.Bae Sung-young, a market analyst at KB Securities Co., also

Market May 29, 2017

A former big league catcher will likely get more action behind the home plate for his South Korean club after spending most of the season at first base.The Hanwha Eagles in the Korea Baseball Organization said Monday that Wilin Rosario, formerly of the Colorado Rockies, will get some starts as catcher the rest of the season. For the time being, he will be the designated catcher for his fellow Dominican starter, Alexi Ogando. In this file photo taken on May 21, 2017, Wilin Rosario of the Hanwha E

Baseball May 29, 2017

South Korea's imports of crude oil continued to rise in the first quarter of 2017 from a year earlier amid a downbeat trend in oil prices, government data showed Monday.The combined inbound purchase of crude oil reached 278.18 million barrels in the first three months, up 4.9 percent on-year, according to the Ministry of Trade, Industry and Energy. The import of petroleum products, however, fell 4.2 percent on-year to 78 million barrels in the cited period.  (Yonhap)A hike in Iranian crude impor

Industry May 29, 2017