Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
4
Contentious grain bill put directly to plenary meeting for vote
-
5
Why is Apple Pay struggling to get purchase in Korea?
-
6
Will tug-of-war between doctors, government end soon?
-
7
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
8
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
9
[Today’s K-pop] BTS pop-up event to come to Seoul
-
10
[Graphic News] More Koreans say they plan long-distance trips this year
-
‘Gender of heirs apparent affects chaebol business’
The gender of heirs apparent can affect the business performance of local conglomerates, research found Sunday. Chaebul.com, a portal following the activities of larger companies, recently analyzed changes in business showings among the nation’s 20 biggest companies in which children of owners were
Sept. 14, 2011
-
Local firms play catch-up on social media
Facebook, Twitter, me2day prevail but firms lack two-way interactionsAmid the explosive popularity of mobile computing and new media, a growing number of Korean companies are hitching a ride on the wave of social networking services in one of the world’s most wired countries.Facebook, Twitter and me
Sept. 14, 2011
-
Samsung Card to sell stake in affiliate Everland
Samsung Card Co., one of South Korea's leading credit card firms, said Wednesday it plans to sell part of its stake in its unlisted affiliate Samsung Everland Inc., the de facto holding company of Samsung Group.Samsung Card plans to sell a 20.64 percent stake in Samsung Everland and sent requests fo
Sept. 14, 2011
-
Firms take more open approach to recruiting in H2
More companies focus on interviews in English, rather than results of written testsThe second-half recruitment drive of local firms has begun in earnest with many of the country’s largest firms including Samsung Group, Hyundai Motor Co. and KT Corp. opening applications.While there is nothing unusua
Sept. 13, 2011
-
POSCO to buy Pakistani steelmaker shares
POSCO, the world’s fourth-largest steel producer, is seeking to beef up its presence in South Asia by acquiring shares in a Pakistani steel company.The Korean steel giant said Tuesday it has clinched a deal with Al Tuwairqi Holding Co. of Saudi Arabia to buy a 15.34 percent stake in Tuwairqi Steel M
Sept. 13, 2011
-
Doosan Heavy wins desalination plant order from Saudi Arabia
Doosan Heavy Industries & Construction Co. has secured an $80 million deal to build a desalination plant in Saudi Arabia, the country’s leading power equipment maker announced Tuesday. Under the deal with Marafiq, a state-run utility, Doosan will set up a plant to produce 54,000 tons of fresh water
Sept. 13, 2011
-
KITA warns of email hacking scam
The Korea International Trade Association urged local trading companies on Tuesday to watch out for email scams as a growing number of hackers break into the firms’ email accounts to snatch money, taking advantage of online transactions.Hackers usually breach email accounts of staff members at a com
Sept. 13, 2011
-
Microsoft mulls Korea as site of new data center
Global software giant Microsoft Corp. said Tuesday it is looking into setting up a data center in Korea.Microsoft Korea said its country manager James Kim told Choi See-joong, chairman of the Korea Communications Commission, that he would strongly recommend establishing a data center for the Asian r
Sept. 13, 2011
-
Louis Vuitton opens first airport store
Incheon Airport expects opening to help attain goal of becoming No. 1 duty free stopLouis Vuitton on Saturday opened its first-ever airport store at Incheon International Airport in partnership with Shilla Duty Free.With the new opening of the 550-square-meter mega store, industry sources expected t
Sept. 13, 2011
-
Samsung mulls comeback to Japanese TV market: source
Samsung Electronics Co., the world’s top TV supplier, is considering a reentry into the Japanese TV market after it quit the country four years ago, an industry source said Tuesday. Negotiations between Samsung and one of the top three Japanese retailers are underway, which could start sales of Sams
Sept. 13, 2011
-
LG Poland cluster: Electronics giant’s EU hub
Korean conglomerate’s industrial complex reflects chairman’s commitment to growth synergy in overseas projectsWROCLAW, Poland ― About 300 kilometers to the southwest from Poland’s capital Warsaw is a large LG cluster in the heart of a special economic zone in Wroclaw, one of the main cities in this
Sept. 13, 2011
-
CJ Cheiljedang aims at China's frozen dumpling market
HONG KONG (Yonhap News) – South Korea's largest food company CJ Cheiljedang Corp. plans to enter China's frozen dumpling market in a bid to expand its presence in the world's most populous market, company officials said Monday.CJ DCH Guangdong Frozen Food Co., a joint venture between CJ Cheilj
Sept. 12, 2011
-
Consumer complaints about social commerce sites on rise
An increasing number of customers of social commerce sites said they were dissatisfied with faulty contracts or poor services offered by business operators, a report showed Monday.Social commerce, a business model that is most well known through U.S. online commerce site operator Groupon Inc., gener
Sept. 12, 2011
-
Korean restaurant chains seek success abroad
From fried chicken to bibimbap, Korean franchises lined up for overseas marketsThe first overseas store of Bulgogi Brothers, a local franchise specializing in Korean barbeque, opened Thursday within a hip shopping mall in Makati, the financial hub of the Philippines. For Zeus Yi, the company’s presi
Sept. 9, 2011
-
Samsung Electronics loses key lawsuit against Apple in Germany
DUSSELDORF, Germany (Yonhap News) – A German court on Friday turned down a request by Samsung Electronics Co. to nullify Apple Inc.'s injunction granted earlier to ban the sale and marketing of its Galaxy Tab tablet computer in the European country.The Dusseldorf court decision dealt a blow to
Sept. 9, 2011
-
STX’s Finnish subsidiary wins $420m order
STX Group announced Friday that its European subsidiary signed a $420 million contract to build to well intervention vessels for Norway’s Eide Marine Services AS.A well intervention vessel is a ship designed to carry out works related to underwater oil and gas wells ranging from pre-drilling surveys
Sept. 9, 2011
-
LG enters launderette market
LG Electronics on Thursday opened a self-service laundry in New York equipped with only its products as it pushes to expand business-to-business sales in the United States.The self-service laundry will be operated by Coinmach Corp., the largest laundry service in the U.S. According to LG Electronics
Sept. 9, 2011
-
Samsung Card latest in line of data hacks
Credit-card issuer faces criticism for attempting to downplay scale of breachSamsung Card, one of the nation’s leading credit card companies, is under fire for trying to downplay the leak of clients’ personal information as concerns mount over the frequent exposure of such data online in the world’s
Sept. 9, 2011
-
Daewoo Shipbuilding to employ, train high school graduates
Daewoo Shipbuilding and Marine Engineering Co. announced Thursday it will set up an institute for training high school graduates.The company said that the institution, which will be headed by the company’s chief technology officer Lee Yeong-man, will put high school graduates through a four-year tra
Sept. 8, 2011
-
Daewoo International buys Indonesia palm oil firm
Daewoo International Corp., the country’s largest grain trader, announced Thursday it has acquired an 85 percent stake in an Indonesian palm oil producer, upping the ante for its overseas agricultural business.Through the 57 billion won ($53 million) deal with PT. Bio Inti Agrindo, Daewoo plans to c
Sept. 8, 2011