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N. Korean officials return to liaison office: official
[Newsmaker] Police book Hotel Shilla CEO’s doctor amid propofol abuse alle...
UN grants sanctions exemption for humanitarian aid to N. Korea
South Korea prepares for international renewable energy conference
HHI-DSME merger faces bumpy road ahead
China to reopen Ahn Jung-geun memorial hall at Harbin Station: source
[Newsmaker] More than 500 drug offenders busted in one-month crackdown
BLACKPINK to drop new album, "Kill This Love," next month
Ko Jin-young rallies for 3rd career LPGA victory
Dozens of S. Korean officials head to joint liaison office after N. Korea's...

Today Industry

South Korea prepares for international renewable energy conference

The South Korean government held a general meeting Monday to prepare for the 2019 International Renewable Energy Conference that will take place in October in Seoul. 123rfThe Ministry of Trade, Industry and Energy said it discussed progress and preparation for the biennial conference with a preparation committee formed in December 2017. The meeting was attended by 37 organizations, including regional governments, companies and public organizations. IREC is the world’s largest renewable energy ev

HHI-DSME merger faces bumpy road ahead

Hyundai Heavy Industries faces many obstacles to acquire state-funded Daewoo Shipbuilding & Marine Engineering as it has to win approval from around 30 nations, including its Asian rivals and European clients. When the world’s two biggest shipyards are merged, their combined market share will be 21 percent, and above all, the market share of liquefied natural gas carriers would reach 63 percent. As for LNG vessels, orders are likely to rise further from 2020 due to environmental regulations of t

Today
Industry
Presidential office not seeking to exploit property market as means for stimulating economy

South Korea's Moon Jae-in administration won't artificially boost the property market in a bid to stimulate the economy, a senior presidential official said Sunday.The local housing market, mainly apartment transactions, has been notably sluggish since the government's tough regulations on it became effective on Sept 13, 2018.The move was aimed at curbing apartment prices that had been skyrocketing at that time. (Yonhap)Many agree that the market overheated as a result of a set of deregulations

Mar 24, 2019
Economy
Most LG businesses to fully adopt cloud services in 5 years: LG CNS

　The structures of more than 90 percent of LG businesses will be transformed in environments powered by cloud computing systems by 2023, the conglomerate’s information and technology solution provider said. 　During a press conference held in Seoul on Friday, LG CNS said it will assume a “central role” in introducing cloud services across all LG business units. The company said it would provide a cloud services platform applicable to every LG unit by the first half of this year.　Stressing it was

Mar 24, 2019
Technology
Samsung, Motorola compete to win 5G smartphone race

　With South Korea and the US gearing up for the commercial rollout of their fifth-generation wireless networks next month, the countries’ smartphone manufacturers are scrambling to attract consumers by touting their functionalities. 　The starting players are Samsung Electronics, the world’s largest smartphone maker, which is betting on its advanced technologies, and Motorola, which is hoping that its high-tech functions and midrange pricing will help it leap out of its No. 8 position. 　Samsung E

Mar 24, 2019
Technology
Amorepacific hosts yearly marathon for breast cancer awareness

South Korean cosmetic giant Amorepacific hosted its yearly marathon in Busan on Sunday, seeking to raise public awareness on breast cancer.With some 5,000 participants, the event consisted of a three-kilometer course and a 10-kilometer course, as well as breast cancer tests, clinical consulting and various giveaways.The event, titled “Pink Run,” is held every year in five major cities across the country -- Busan, Daejeon, Gwangju, Daegu, and Seoul.The revenues made from ticket sales and donation

Today
Industry
S. Korea sees sharper drop in exports than OECD peers

South Korea has seen its exports decline at a steeper rate than other Organization for Economic Cooperation and Development member states, reflecting the contraction in outbound shipments of semiconductors, ships and petrochemical products, data showed Sunday.According to data from the OECD, Asia’s fourth-largest economy saw its exports volume dip 5.9 percent from a year earlier in January, standing 26th out of 32 member states that were subject to the latest survey.The country’s on-year export

Today
Economy
Jaguar Land Rover Korea introduces upgraded Velar

Automobile lovers in South Korea are about to be presented a feast for the eyes with a luxury crossover SUV built with a V8 supercharged engine and diamond-quilted leather interior.Jaguar Land Rover Korea will launch the Range Rover Velar SVAutobiography Dynamic Edition at the Seoul Motor Show, set to begin Friday at Kintex. The new Range Rover Velar SVA-D has been dubbed the top Velar model produced by Land Rover’s Special Vehicle Operations team. It is an optimized version of the existing Rang

Today
Automode
GS E&C develops ‘Korea’s first’ ventilated air purifier system

South Korea’s leading builder GS Engineering & Construction Corp. has developed South Korea’s first built-in air purifying and ventilating system, named Sys Clein, to be installed in apartments and any other spaces from the second half of this year. The system integrates existing total heat exchange systems that ventilate the air while preserving the temperature with an air purifying function. Existing systems can only perform one of these tasks, but not the other.The Sys Clein system, developed

Today
Industry
[News Analysis] Overcoming Elliott hurdle, Hyundai heir tightens grip over W220tr empire

In a crushing victory over US hedge fund, Chung cements his leadership -- but is a bigger battle ahead?

Today
Industry
Korea widens tax evasion crackdown on ‘Seungri scandal’

South Korea’s tax authorities have launched an industrywide tax evasion probe into local entertainment and nightclub businesses, fueled by scores of allegations surrounding K-pop star Seungri’s sex bribery scandal. The National Tax Service said Friday it had launched a crackdown on 21 nightlife businesses suspected of evading taxes. The NTS is to cooperate with prosecutors on obtaining warrants for search and confiscation, it added. (Yonhap)Though the NTS has yet to confirm, industry watchers s

Today
Industry
Seoul shares expected to move in tight range next week

South Korean stocks are expected to move in a relatively tight range as investors are set to digest the U.S. Federal Reserve‘s rate decision amid ongoing trade talks between Washington and Beijing, analysts here said Saturday.　The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,186.95 points on Friday, up from 2,176.11 the previous week.　The KOSPI started on strong note on hopes for headway in trade talks between the United States and China. (Yonhap)　The bourse, however, slipped

Mar 23, 2019
Finance
Seoul stocks end almost flat after choppy trading

South Korean stocks ended almost flat after a choppy trading session on Friday, with foreigners scooping up tech shares, offsetting a massive selling spree by institutions, analysts said. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index inched up 2.07 points, or 0.09 percent, to close at 2,186.95. Trade volume was moderately light at 291 million shares worth 4.85 trillion won ($4.29 billion), with the number of losers outnumbering gainers 517 to 301.(Yo

Mar 22, 2019
Finance
S. Korea aims to become No. 4 robotics player by 2023

South Korea plans to turn the nation’s robotics technology into a 15 trillion-won ($13.3 billion) industry, with the aim of becoming the fourth-largest player in the world by 2023. “Traditional manufacturing sectors can be transformed into future industries by making use of robots,” said President Moon Jae-in at a briefing session on the nation’s robot development strategy at the headquarters of Hyundai Robotics in Daegu, Friday. President Moon Jae-in demonstrates a robot at the headquarters of

Mar 23, 2019
Industry
BNP Paribas striving to promote sustainable finance in S. Korea

BNP Paribas SA, France‘s biggest bank, will strive hard to promote its sustainable finance in South Korea as it seeks to arrange more funds for projects that make a positive impact on the environment and society, a company executive said Friday. Sustainable finance has been a watchword for investors that integrate environmental, social and governance issues into their investment decisions. Since a UN climate deal was signed in Paris in 2015, pension funds and financial firms around the world hav

Mar 22, 2019
Finance

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