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S. Korea's football style will not change against Australia: coach
Soldier dies after being found with gunshot wound to head at border guard p...
N. Korean official blasts Japan over wartime atrocities
“French Cinema Tour 2018” kicks off, to play eight French films
Internet erupts over difficult Suneung English questions
Seoul considers new taxis for pets, women, seniors
Seoul stocks end higher on eased trade woes
N. Korea decides to deport US citizen detained for illegal entry
Foreign ministry official found unconscious in Singapore while accompanying...
Idols spotted on the way to Suneung test sites

Today Industry

[Newsmaker] Police refer venture firm head accused of porn distribution to prosecution

Police on Friday referred to the prosecution a venture company chief accused of abetting online circulation of obscene videos and cruelly assaulting company employees.Gyeonggi Nambu Provincial Police Agency recommended an indictment against Yang Jin-ho, chairman of robot developer K-Technology, who also owns two online file storage service providers.Police found more than 52,230 obscene and illegal files including spycam and revenge porn circulated via the sites since December 2013. Yang earned

Number of multiple home owners jumps 140,000 in a year

The number of people who own two or more houses has increased by 140,000 in a year, with the number of those owning five or more houses surpassing 110,000, data by Statistics Korea showed Friday.Meanwhile, 44.1 percent of households nationwide did not own a house, the data also showed. According to the home ownership statistics for 2017, a total of 14,964,000 people owned houses as of Nov. 1 last year. Of them 84.5 percent owned one home, while 15.5 percent owned two or more. (Yonhap)The number

Today
Industry
Paris Baguette sells record No. of ‘Silky Roll Cake’

South Korean bakery chain Paris Baguette, operated by SPC, said Friday it sold 2,255,000 loaves of its Silky Roll Cake from October last year to September this year. This translates into 4.3 roll cakes sold every minute, with the combined length of the sold cake stretching some 541 kilometers, longer than the distance between Seoul and Jeju, the company said. The Silky Roll Cake has been a steady seller for the firm since 1988. Silky Roll Cake (Paris Baguette)The company said it plans to registe

Today
Industry
FKI vice head urges WTO to address nontariff barriers

The World Trade Organization should tackle escalating nontariff barriers to stem the spread of protectionism and nationalism, the deputy head of South Korea's top business lobby said Friday.Kwon Tae-shin, vice chairman of the Federation of the Korean Industries, made the call during the globalization session of the Asia Pacific Economic Cooperation CEO Summit in Port Moresby, Papua New Guinea, the FKI said, which lobbies for the country's family-controlled conglomerates. "Populism and nationalis

Today
Industry
Market remains split over Samsung BioLogics’ trading suspension

The stock trading suspension of Samsung BioLogics starting Thursday seemed to wrap up a chapter in the yearslong brawl over alleged accounting fraud, apparently with the defeat of the biotech company.Market observers, however, remained divided on the impact that the case may have on the domestic stock market and the biopharmaceutical industry. Some optimistically suggested that the sanction may act as a turning point for the Samsung Group affiliate to end the prolonged uncertainty factor.The dow

Today
Industry
Bodyfriend’s Lamborghini massage chair wins CES award

South Korean health care group Bodyfriend’s Lamborghini-themed massage chair won an innovation award at the International Consumer Electronics Show 2019, the firm said Thursday. It is the first time a massage chair has won an award in the home appliances category at CES. Bodyfriend’s Lamborghini-themed massage chair LBF-750 (Bodyfriend)The company said its premium massage chair won high points in terms of technical skills, design, consumer values, competitiveness and uniqueness. Bodyfriend laun

Today
Industry
Lotte Duty Free’s overseas sales jump 65 percent

South Korean retail giant Lotte’s duty-free operator Lotte Duty Free posted a rapid hike in overseas sales in its quarterly performance report, the firm said Thursday. Lotte Duty Free store in Vietnam (Lotte Duty Free)According to the company, sales for the third quarter this year hit a record-high 4.1 trillion won ($3.6 billion), a 25 percent on-year increase. The sales from its downtown city stores and its overseas stores amounted to 3.8 trillion won and 164 billion won, respectively. Lotte D

Today
Industry
CJ Cheiljedang to buy US food firm for $1.84b

CJ Cheiljedang Corp., South Korea's leading food manufacturer, said Thursday it will sign a deal to buy a US frozen food company for 2.09 trillion won ($1.84 billion) in its latest move to expand its presence in overseas markets.Under the deal, CJ Cheiljedang will buy an 80 percent stake of Schwan's Co., according to the South Korean firm. This file photo shows CJ Cheiljedang Corp.`s corporate logo atop its headquarters building in Seoul. (Yonhap)The deal, when completed early next year, will b

Nov 15, 2018
Industry
Kia reveals teaser image of SOUL box car

Kia Motors Corp., South Korea's second-biggest carmaker by sales, on Thursday unveiled the teaser image of its SOUL box car ahead of its domestic launch early next year. A teaser image of Kia Motors` SOUL box car (Yonhap)The third-generation SOUL will make a debut at the Los Angeles auto show later this month before it is launched in the domestic market early in 2019, Kia said in a statement. "With the launch of the new SOUL, we are targeting a gain in our share of the domestic entry car markets

Nov 15, 2018
Industry
Ctrip again deletes group tours to Korea from website

SEOUL/BEIJING -- Ctrip, a leading travel agency in China, has deleted tour programs to South Korea, its website showed Thursday, in what could be a sign of a lingering row between the two neighbors over a US missile defense system.The deletion came just hours after the company restarted online marketing of related products on its website Wednesday. Chinese firms usually toe the government line on sensitive issues."Ctrip seems to have deleted the tours after it drew attention," an industry source

Nov 15, 2018
Industry
Hanwha Q Cells to supply solar modules to Chinese plant

Hanwha Q Cells Co., the world's top solar cell maker, said Thursday it has signed a deal with a Chinese state firm to supply high-efficiency solar modules for its solar power project.The contract calls for Hanwha Q Cells to provide its Q.PEAK modules with a capacity of 100 megawatts for China General Nuclear Power Corp.'s solar power facility under construction in Tongshan in central-eastern China and slated for completion by year-end. (Yonhap)Hanwha Q Cells didn't disclose the financial terms o

Nov 15, 2018
Industry
Govt. fines Jeju Air W9b for lithium ion batteries

The government on Thursday imposed a fine of 9 billion won ($7.9 million) on Jeju Air Co., South Korea's biggest budget carrier by sales, for carrying lithium ion battery-powered watches. The Ministry of Land, Infrastructure and Transport has finalized the penalty to be slapped on the low-cost carrier after it was discovered to have brought in wrist watches from countries like Hong Kong between April and May, a ministry spokesman said. (Yonhap)The final decision comes after Jeju Air asked the m

Nov 15, 2018
Industry
Samsung seeks to take up 20% of global 5G network equipment in 2020

Samsung Electronics Co. aims to control 20 percent of the global market for fifth-generation network equipment in 2020, the head of the company's network business has said.During a session from The Wall Street Journal D.Live Conference held in California on Wednesday, Samsung Electronics President Kim Young-ky claimed that the company is not a newcomer to the network equipment industry as it has been supplying products in this field for the past 20 years.Samsung Electronics President Kim Young-k

Nov 15, 2018
Industry
Samsung, LG to offer major discounts in US to mark Black Friday

Samsung Electronics Co. and LG Electronics Inc. plan to offer major discounts for their high-end televisions in the United States to mark Black Friday, the companies said Thursday.Samsung Electronics said it will offer large-scale discounts for 14 different models of 4K QLED smart TVs in the US, with the price tag on the 75-inch QLED Q6FN TV standing at $2,000, down 43 percent from the original price of $3,500. The 82-inch model of the same product will boast a discount of 33 percent. (Yonhap)Th

Nov 15, 2018
Industry
CJ emerges as No. 1 employer among top conglomerates

Food and entertainment giant CJ Group has emerged as the largest employer among the top 30 business groups in South Korea over the past year, a corporate tracker said Thursday.CJ's workforce stood at 26,565 as of the end of September this year, up 28.2 percent, or 5,849 employees, from a year earlier, according to a report from CEO Score, which tracks corporate management. (Yonhap)SK Group came next by adding 5,239 workers to its payroll (up 9.4 percent) over the cited period, trailed by leading

Nov 15, 2018
Industry

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