Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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Hopes rise for possible Gaza truce deal
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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STX to offer internships to Saudi Arabian students
STX Group is to set up internship programs for Saudi Arabian students, the conglomerate announced Wednesday.The group, the country’s 12th largest business group, signed a memorandum of understanding regarding the issue with the Saudi Arabian Culture Mission to Korea at the group’s office in Seoul.Under the agreement, the group will offer internship programs at its subsidiaries including STX Offsho
May 4, 2011
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Samsung’s Galaxy S2 gains instant popularity
Samsung Electronics’ flagship smartphone Galaxy S2 is creating its sales sensation in the local mobile industry as doubled compared to its previous model.The total number of units sold for the upgraded Galaxy S, serviced by the country’s three telecoms, surpassed 120,000 in only three days, according to industry sources.The figure sold by the nation’s leading mobile carrier SK Telecom came to abou
May 4, 2011
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SK Group joins no-smoking drive
Yet another industrial giant has decided to join the growing number of companies to create a smoke-free working environment.On Wednesday, SK Group, a local energy and telecom giant, said it informed workers that it is to completely ban smoking from its headquarters starting next week. The ban will be effective from Monday in all 35 stories of the SK building in downtown Seoul, which serves as home
May 4, 2011
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[Meet the CEO] Head hunter bolsters global network
Honors Career is Korea’s first member of prominent global allianceLocal executive search firm Honors Career International is seeking to further bolster its presence in the market through a fresh global network and profound local expertise, its chief executive Chris Kim said. The firm became a member of IRC Global Executive Search Partners, a prominent international alliance of independent retained
May 4, 2011
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Hanwha Group adopts new values in drive for growth
Hanwha Group will follow the principles of “challenge, dedication and integrity” as it seeks to innovate its operations in its drive to become a global player, the company announced Tuesday.Excluding state-run companies, Hanwha Group is the country’s 10th largest conglomerate. Hanwha Group chairman Kim Seung-youn (left) shakes hands with a representative of Hanwha employees at the ceremony declari
May 3, 2011
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LG Uplus Q1 profit plunges 90% on costs
South Korea’s smallest mobile carrier, LG Uplus Corp., said Tuesday that its first-quarter earnings tumbled 90 percent from a year ago, hit by higher costs and lower revenues from subscribers. Net income reached 57 billion won ($54 million) in the January-March period, compared with 543 billion won a year earlier, the company said in a regulatory filing.Sales fell 13 percent from one year ago to 2
May 3, 2011
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Samsung chairman coming out of shell?
Samsung Electronics Chairman Lee Kun-hee on Tuesday met executives of Samsung financial affiliates to discuss management issues at the company’s headquarters in southern Seoul as a part of his regular visits to the Seocho head offices. Lee, who had previous not frequented the Seocho headquarters, recently began meeting executives at Samsung affiliates, starting with key aides such as Kim Soon-taek
May 3, 2011
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Hana Tour travel show to open May 20
The Hana Tour International Travel Show will be held at the KINTEX exhibition center in Goyang, Gyeonggi Province from May 20 to 22.The show, organized by the country’s top travel agency Hana Tour Services Inc., will have booths displaying travel options by region and theme, the company said. Visitors browse last year’s Hana Tour International Travel Show at KINTEX in Goyang, Gyeonggi Province. (H
May 3, 2011
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Major builders’ Q1 orders fall 10%
New orders won by South Korean major builders dropped 10 percent in the first quarter from a year ago mainly due to a slump in the domestic market, a trade association said Tuesday. According to the Korea Federation of Construction Contractors, 31 builders won new orders worth 18.8 trillion won ($17.6 billion) in the January-March period, compared with 20.9 trillion won a year ago. The builders’ d
May 3, 2011
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SKT increases network investment to new level
SK Telecom said Tuesday that it will invest an additional 300 billion won ($280.12 million) in network establishment this year, raising the total sum to 2.3 trillion won, up from 1.8 trillion won last year.This year’s investment portfolio, which amounts to 17.3 percent of expected sales for this year, is the largest amount ever chipped in by the country’s biggest mobile carrier. The company invest
May 3, 2011
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Korea International School goes digital with MacBooks
SEONGNAM Gyeonggi Province ― Korea International School has navigated uncharted waters by going digital to help students learn the necessary skills for college and the real world.“One to one education is using the computer to enhance to delivery of curriculum and allowing students the ability to differentiate, to learn at their own pace and own time,” said Tim Bray, a math teacher at the school wh
May 3, 2011
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Police investigating bomb threat
(Yonhap News)Police rushed to Samsung Electronics’ headquarters in southern Seoul Tuesday in response to an e-mailed bomb threat following the killing of Osama bin Laden. The Canadian unit of the electronics firm received an e-mail at 4 a.m. from an unidentified person who threatened to bomb Samsung’s main office and some Middle Eastern countries’ embassies in Seoul. The countries were Turkey, Pa
May 3, 2011
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Renault Samsung restores production back to normal levels
Renault Samsung Motors Co.’s plant in Busan will resume after-hours production and weekend operations, the company announced Monday.Extra production during weekdays resumed Monday, and weekend production will be resumed for eight hours each Saturday from May 14, the company said. Renault Samsung had stopped extra production after working hours since March 18 due to parts shortages caused by the Ma
May 2, 2011
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KT&G launches ‘2nd generation’ This Plus
KT&G Corp., the nation’s largest tobacco producer, said Monday that it has extended the product line of its steady-selling brand This Plus.The firm is to start selling This Real and This Wild, which has higher tar content with 6.5 milligrams and 8 milligrams, respectively, on Tuesday. The original This Plus contains 5.5 milligram of tar. This WildKT&G, meanwhile, has changed the packaging of This
May 2, 2011
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Security concerns rise over Wi-Fi networks
Security concerns involving the country’s wireless Internet networks are rising again following findings that global firms Google and Apple both used the Wi-Fi networks to collect user information.Two companies reportedly collected the location logs of their smartphone users from the wireless networks provided by local telecoms in Korea. The problem stems from many smartphone owners’ habit of conn
May 2, 2011
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LG starts 3-D StarCraft II league
LG Electronics on Sunday launched a special league tournament of “StarCraft II” in 3-D.The tournament to advertise the company’s 3-D panels started in Gwangju, and will move onto Incheon, Busan, Daegu and Daejeon, the electronics maker said.After the preliminary games, the final will be held in Seoul on May 18. LG Electronics said it will be installing its Cinema 3-D TVs in key points in all the c
May 2, 2011
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Korean car firms’ April sales rise on strong exports
Most local carmakers saw April sales rise by varying degrees from a year ago aided by increasing overseas sales.The only exception was Renault Samsung Motors Co., due to production cuts brought on by the parts shortage after the March 11 earthquake in Japan.However, the company resumed weekday production at normal levels on Monday, and plans to restart Saturday production from March 14.Last month,
May 2, 2011
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[News Focus] LH Corp. relocation move spurs controversy
Reports on the alleged selection of Jinju as site for head office anger Jeolla politicians, residentsAllegations that state-run land developer Korea Land & Housing Corp. headquarters in Gyeonggi Province would be relocated to Jinju, South Gyeongsang Province are prompting uproar from its rival region of North Jeolla Province.The news came on Sunday from a high-ranking ruling Grand National Party o
May 2, 2011
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Aekyung chief donates W3b to KAIST
Aekyung Group Chairwoman Chang Young-shin donated 3 billion won ($2.8 million) to the Korea Advanced Institute of Science and Technology, the company said on Monday. “Based on the belief that natural science and engineering is the way to reviving national competitiveness, we give this donation with hope that KAIST will increase its efforts to help foster intelligent young minds who will guide the
May 2, 2011
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All That Cruise readies Korea’s largest liner
Cruise ship operator All That Cruise announced Monday that it will begin operating cruise tours from January.The vessel, tentatively named the Hallyu Star, will be used on routes covering China, Japan and Southeast Asian destinations. Hallyu is a Korean word meaning “Korean wave” that refers to the popularity of Korean pop culture in other countries. While other Korea-based cruise operators have t
May 2, 2011