Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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DP leader says he will meet Yoon without conditions
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Hanwha Group to plant forest in Mongolia
Hanwha Group, which is developing solar power as a future growth engine, is lending a helping hand to the fight against desertification.The Korean conglomerate, which sponsored the United Nations Convention to Combat Desertification meeting in Changwon, South Gyeongsang Province in October, is condu
Oct. 18, 2011
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Hanwha looks to solar power to fuel growth
Conglomerate is working on additional production facility for solar power equipment in ChinaHanwha Group’s vertical integration of its solar power businesses is nearing completion as it seeks to take on the growing global market for solar energy and develop the business into a growth engine for the
Oct. 18, 2011
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Samsung widens campaign to ban iPhone 4S sales
Samsung heir apparent attends Steve Jobs’ memorial in the U.S.Samsung Electronics said Monday it filed for a sales ban on Apple’s latest smartphone in Japan and Australia, while its heir apparent Lee Jae-yong visited the U.S. to attend the memorial service of Apple’s late co-founder, Steve Jobs.The
Oct. 17, 2011
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Deal to boost exports of local parts, materials
Korea’s parts makers are set to expand supplies to U.S. industrial giants Caterpillar and Applied Materials Inc., as well as Samsung Electronics as part of a government program for shared growth.The Ministry of Knowledge Economy said Monday it has signed two agreements to shore up cooperation betwee
Oct. 17, 2011
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New KEPCO head pledges to bring financial soundness
The new chief executive of the Korea Electric Power Corp. vowed on Monday to improve the company’s financial structure as a primary goal for his three-year term.Kim Joong-kyum, a former head of Hyundai Engineering & Construction Co., took office at the state-run utility a month ago.“Financial soundn
Oct. 17, 2011
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Chung stresses partnership with Georgia government
Hyundai Motor Group chairman Chung Mong-koo (right) greets U.S. Georgia Gov. Nathan Deal who visited the Korean carmaker’s headquarters in southern Seoul on Monday. (Hyundai Motor)Hyundai Motor Group chairman Chung Mong-koo stressed partnership with Georgia Gov. Nathan Deal in the company’s welcomin
Oct. 17, 2011
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Cash dries up at Korea’s big businesses
Surplus cash flow halves, corporate borrowing surgesDespite repeated assurances from government officials, fears of a global recession are hurting Korea Inc. on liquidity as many large firms face worsening cash flow, data showed Monday.The annual excess cash flow forecast of 83 listed firms stood at
Oct. 17, 2011
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Korean aviation market to grow rapidly in next decades: Airbus
South Korea’s air transportation market will see robust growth in the next two decades largely due to growing demand for large-size aircraft for passenger traffic, a European aerospace company said Monday.“We foresee that the South Korean aviation market will have a demand for 382 new aircraft over
Oct. 17, 2011
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Budget airlines gear up for takeoff
Price war heats up as low-cost carriers expand international flight servicesLee Eun-young, a 27-year-old office worker, has longed to backpack overseas since college but her tight budget kept her stuck in Seoul even after getting a job. But it was a low-cost airline that quenched her thirst for an o
Oct. 17, 2011
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Suspected hacker in Hyundai Capital incident arrested in Philippines
SEOUL, Oct. 17 (Yonhap) -- A suspected hacker wanted on suspicion of stealing customer data earlier this year from Hyundai Capital, an affiliate of South Korea's top automaker, has recently been arrested in the Philippines, police here said Monday.The 35-year-old man, identified only by his surname
Oct. 17, 2011
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Samsung files suits against Apple in Japan, Australia
SEOUL, Oct. 17 (Yonhap) -- Samsung Electronics Co. said Monday that it asked judges in Japan and Australia to temporarily ban sales of the iPhone 4S, accusing Apple Inc. of violating its mobile and user interface patents.In Japan, Samsung is also seeking to win a court injunction on the iPad 2
Oct. 17, 2011
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Korean firms' direct financing slips in Sept.
SEOUL, Oct. 17 (Yonhap) -- South Korean companies' direct financing marginally declined in September from a month earlier as companies scaled back their debt sales, the financial watchdog said Monday.Local firms raised 10.4 trillion won (US$9 billion) by issuing stocks and bonds last month, down 27.
Oct. 17, 2011
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S. Korean firms face cash crunch amid financial turmoil
SEOUL, Oct. 17 (Yonhap) -- The bulk of South Korea's large companies are confronted with worsening liquidity conditions as a result of global economic uncertainty, data showed Monday.The annual excess cash flow forecast of 83 listed companies reached 43 trillion won (US$37 billion), nearly halving f
Oct. 17, 2011
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Tesco-Homeplus Academy to nurture global retail leaders
INCHEON ― The Tesco-Homeplus Academy will offer the highest standard of retail education programs, Homeplus CEO Lee Seung-han said Friday, celebrating the 100th day of the employee training institute in Korea. Homeplus, the nation’s No. 2 supermarket chain, started in 1999 as a joint venture between
Oct. 16, 2011
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SK to work with Chinese company on depression meds
SK Biopharmaceuticals Co. announced Sunday that it signed a licensing deal with a Chinese pharmaceuticals maker on a potential treatment for depression and bipolar disorder. Established in April, SK Biopharmaceuticals is a subsidiary of the SK Group’s holdings company SK Corp. Under the contract, SK
Oct. 16, 2011
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Firms develop ‘socially responsible’ products
Maeil, CJ, Amore Pacific make special products for minorities as part of CSRChung Hye-jin discovered her baby daughter had phenylketonuria, or PKU, 12 years ago. The rare disease affects only one in 60,000 babies here. In order to avoid damage to the brain, people with PKU should adhere to a strict
Oct. 16, 2011
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Korea to send mobile alerts in case of power shortage
South Korea’s state-run power company said Sunday that it will send mobile text messages to the public in the event of low electricity reserves in a bid to swiftly alert people to potential power outages.The move comes one month after the country was caught off guard by one of the worst power cuts i
Oct. 16, 2011
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Garuda targets Korean travelers
Indonesian airline adds new flights, hires Korean flight attendantsJAKARTA ― Garuda Indonesia, after years of concentration on safety improvements, is preparing to aggressively target Korean passengers, adding new flights and hiring Korean flight attendants. “Korea is a prospective market for us. Bu
Oct. 16, 2011
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Samsung-Apple war enters new phase
Samsung is likely to have turnaround opportunity in long term: sourcesWhile the debate surrounding the global patent war staged by Samsung Electronics and Apple Inc. is garnering wide attention, industry watchers say Samsung has a good chance of creating a turnaround even after its three defeats aga
Oct. 16, 2011
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With Netherlands ruling, Samsung's patent offensive against Apple hits snag
SEOUL, Oct. 15 (Yonhap) -- Samsung Electronics Co.'s patent offensive against its rival Apple Inc. hit a snag after a Dutch court on Friday (Korea time) rejected the Korean firm's injunction to ban sales of the U.S. company's iPhones and iPads.The ruling by the district court in the Hague may pose p
Oct. 15, 2011