Most Popular
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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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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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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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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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LG CNS picked as provider of system to integrate Colombian transport network
Korea’s cutting-edge transportation IT infrastructure will be introduced in Colombia as LG CNS, Korea’s tech firm, won the $300 million project to set up an intelligent transport system in Bogota, the company said on Tuesday.Bogota, Colombia’s capital, is one of the three biggest cities in Central and South America. Under the deal, LG CNS will establish systems for bus management, as well as issua
July 19, 2011
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Louis Vuitton to pull out of Lotte duty free shop in COEX
Louis Vuitton has decided to close a store at Lotte Duty Free Shop in COEX, citing recent slowing sales there. According to industry sources on Tuesday, the French brand will not renew its contract with Lotte, set to expire in December, and will withdraw the store.“We have informed Lotte about the withdrawal because of poor sales,” a Louis Vuitton official said in an interview. A pedestrian looks
July 19, 2011
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Korean robotics industry bursting into bloom
Market for robots nearly doubles to 1.93tr won in 2010Korea’s robotics industry is making rapid headway as local developers chalked up record growth in output, sales and exports last year on the back of surging investment in factories, a government study showed Tuesday.According to the survey by the Korea Association of Robot Industry of 395 firms, their combined sales nearly doubled to 1.93 trill
July 19, 2011
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Foxconn-Sharp ties aimed at countering Samsung, LG
HONG KONG (Yonhap News) ― The recent alliance between Taiwanese manufacturer Foxconn Technology Group and Japan’s Sharp Corp. will likely present a counterweight to South Korean liquid crystal display makers that have been dominant players in the global LCD market, an expert said Tuesday.Foxconn, the world’s largest contract electronics maker, agreed with the Japanese electronics giant last week t
July 19, 2011
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New mobile carrier unlikely to bring much change to market
The Korea Federation of Small and Medium Business is looking to set up a fourth mobile telecom services provider, but the market divided among three long-established giants is likely to hinder the would-be telecom operator.At present SK Group’s SK Telecom is the market leader with over 50 percent market share, followed by KT Corp., which accounts for about 35 percent of the market.LG Uplus, which
July 19, 2011
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BMW biggest 1-Series seen catching Audi in luxury market: Cars
Bayerische Motoren Werke AG is rolling out a bigger 1-Series compact car to surpass Audi in the competition for younger customers purchasing entry-level luxury autos. BMW’s smallest model will add more than 3 inches in length and about 1 inch in width, allowing for a roomier interior and more trunk space, the carmaker said. The vehicle’s starting price will be 23,850 euros ($33,480) in Germany, 90
July 19, 2011
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IBM’s services signings surge, stock rises
July 19, 2011
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Samsung Electronics Co. issued another apology Tuesday over malfunctions of its air conditioners as consumer complaints escalated despite its decision to recall affected products. Earlier this month, Samsung said that it will recall four air conditioner models sold in South Korea between January and June of this year, as the software program caused air conditioners to malfunction. (Samsung Electronics Co.)
July 19, 2011
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S. Korea's state auditor to probe KTX breakdowns
South Korea's state auditor is expected to conduct a special probe as early as later this month to determine the cause behind the frequent malfunctions involving the country's high-speed trains, an official source said Monday.The source said Board of Audit and Inspection (BAI) chairman Yang Kun stressed at a meeting of senior officials that there is a need for a full and detailed examination into
July 19, 2011
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Amore Pacific awarded ISO certification for information security
Amore Pacific Corp. said Monday that it has become the first Korean cosmetics company to get an International Standards Organization 27001 accredation.In order to secure the ISO27001 status, the nation’s largest cosmetics manufacturer underwent a rigorous set of internal and external audits for two years, the company said. Lee Yoon (right), executive director of Amore Pacific, and Kim Sang-wook,
July 18, 2011
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Inspection begins for Korea’s water summit bid
A panel of the World Water Council embarked on a three-day visit to Korea on Monday to assess the country’s bid for the 2015 World Water Forum, officials said.The world’s largest summit in the water-related industry fosters global collaboration on issues ranging from water supplies and sanitation to access rights. Korea announced its bid last year and is competing against Scotland’s Glasgow. Prime
July 18, 2011
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Korea top foreign destination for Chinese
HONG KONG (Yonhap News) ― Korea was the top foreign destination for the Chinese outbound travelers during the first six months of this year, the Chinese government said Monday, suggesting that the neighboring country is attracting a growing number of Chinese tourists.China’s Ministry of Public Security said in an online statement that South Korea ranked the No. 3 destination after Hong Kong and Ma
July 18, 2011
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Water quality forecast planned for four rivers
Korea is set to adopt weekly forecasts of water quality near the four major rivers under a multi-billion dollar refurbishment project next month in a bid to better control water pollution there, the Environment Ministry said Monday.The government plans to start the weekly forecast of water conditions in key stream spots of the Han, Nakdong, Geum and Yeongsan rivers in August. The preliminary Augus
July 18, 2011
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Top British art school to hold workshop here
The Royal College of Art, a prestigious London-based art school, plans to offer design workshops for Korean students, the Ministry of Knowledge Economy said Monday.Two week-long courses will take place July 18-22 in Seoul and July 25-29 in Daegu.These are the first events where students can directly learn from RCA professors here. The curriculum borrows from the institution’s innovation design eng
July 18, 2011
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More SMEs see positive changes from shared-growth project
Small- and medium-sized enterprises say that positive changes have been seen since Sept. 29 when the government drew up a comprehensive plan to promote shared-growth, the Ministry of Knowledge Economy said Monday.According to the ministry, which inspected 12 industrial complexes to gauge SMEs’ sentiments, more SMEs responded that large firms were adopting measures promoted under the project.Change
July 18, 2011
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Makgeolli boom driven by exports to Japan
Shipments of makgeolli soared last year largely driven by a recent surge in exports to Japan, data showed Monday. A total of 412,000 kiloliters of the Korean rice wine were shipped here in 2010, up 58.1 percent from the previous year, according to the National Tax Service.In the local alcohol beverage market still dominated by soju, a Korean distilled beverage made from rice and other starches, an
July 18, 2011
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Korean fake bills increase 8.4% in H1
The number of counterfeit South Korean banknotes rose 8.4 percent in the first half from a year earlier mainly due to a jump in the discovery of fake banknotes in the second-highest denomination, the central bank said Monday.The number of counterfeit bills found in the country reached 5,153 in the January-June period, compared with 4,755 the previous year, according to the Bank of Korea. Compared
July 18, 2011
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Hyundai Heavy to set up switchgear plant in Russia
Hyundai Heavy Industries announced Monday that it will establish Hyundai Electricsystems in Vladivostok, Russia, that will produce gas insulated switchgears.Gas insulated switchgears are equipment used to control electricity flow, and to cut off power if a fault occurs in a power supply system.The company said it will invest 40 billion won ($38 million) in building the plant, and that the facility
July 18, 2011
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Samsung’s mobile chief bullish on smartphones, tablet PCs
Samsung Electronics Co. is expected to outdo its smartphone sales target this year, with the popularity of its latest Android devices and upcoming bada phones, which run on its own mobile software, and a ramp-up in low-cost smartphones, Samsung’s mobile and camera chief said Monday. The world’s second-largest maker of mobile phones, which competes with Apple Inc.’s iPad in the tablet PC sector, is
July 18, 2011
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Mulberry is world’s top fashion retailer
Mulberry Group Plc, the 40-year-old British luxury-handbag maker, is the world’s best-performing fashion retail stock over the past year and its sales may keep gaining, driven by overseas growth, analysts say.The stock has risen 506 percent to 1,720 pence in the past 12 months, making it best performer in the apparel retailers segment, according to Bloomberg data. Among all retailers, it’s behind
July 18, 2011