Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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Legoland Korea Resort to open until 9 p.m.
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[Weekender] How DDP emerged as an icon of Seoul
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Forestry chief seeks N.K’s participation in global forum on desertification
Korea Forest Service Minister Lee Don-koo said he would seek North Korea’s participation in the 10th U.N. Convention to Combat Desertification conference that opens Oct. 10 in Changwon, a southeastern city of South Korea.Speaking at a news conference in Daejeon on Wednesday, Minister Lee said he wil
Sept. 15, 2011
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Korea readies for Changwon Initiative on desertification
Officials and experts from over 190 countries will gather in Korea for UNCCD conferenceMinisters, senior government officials and experts from more than 190 countries will gather in Changwon, South Gyeongsang Province, next month to devise fresh plans to combat desertification.The Korean government,
Sept. 15, 2011
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BASF Korea appoints new head
BASF Korea, the local unit of the global chemicals group, said Thursday it has promoted Shin Woo-sung, head of its human resources division, to new chief executive.Shin, 54, will replace Cho Chin-wook, whose five-year term is expiring on Sept. 30. Shin Woo-sungA graduate of Seoul National Univ
Sept. 15, 2011
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Computer glitch grounds flights at Incheon airport
More than a dozen flights were temporarily delayed Wednesday due to a glitch in the computer system of the air traffic center at Incheon International Airport, the government said Thursday.No accidents or casualties were reported, but it resulted in several flight delays, according to the Ministry o
Sept. 15, 2011
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Market slides as European debt crisis deepens
Seoul stocks tumbled 3.52 percent to 1,749.16 on Wednesday as investors abandoned trade-dependent market assets on the European fiscal saga. The won ended 2.75 percent down against the U.S. dollar at 1,107.8, as investors chased safer assets. It was the biggest daily percentage drop since a 2.76 per
Sept. 14, 2011
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Apple to revise rules on replacing faulty iPhones
An office worker, surnamed Kim, has replaced his iPhone 15 times in the 20 days since he purchased it. Kim’s is not a rare case in Korea, where Apple, the California-based handset maker, has offered a very limited after-sales service policy. Despite frequent glitches and failures, it is difficult fo
Sept. 14, 2011
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Hyundai ups sales forecast to 4m on European ambitions
Hyundai Motor Co. said it expects to post sales of more than 4 million vehicles globally this year, stretching its previous target of 3.9 million on higher hopes for the European market.Unveiling the new generation of the i30 compact at the 2011 Frankfurt Motor Show on Thursday, Hyundai Motor vice c
Sept. 14, 2011
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‘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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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