Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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[Weekender] How DDP emerged as an icon of Seoul
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Seoul to provide housing subsidy to married couples with newborns
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Rapper jailed after public street fight with another rapper
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[Music in drama] An ode to childhood trauma
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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6 potential buyers submit bids for Kim's Club
E-Land Group, a leading South Korean fashion retailer, said Wednesday that six potential buyers have submitted their bid proposals for Kim's Club Mart Co., the group's supermarket chain operator. E-Land, however, did not reveal the names of the potential buyers, citing a confidentiality agreement with them. According to industrial sources familiar with the sale of Kim's Club, Lotte Shopping C
March 30, 2011
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Samsung Group to strengthen legal compliance education
Samsung Group, the country’s top conglomerate, said Wednesday that it will strengthen legal compliance within the first half of this year by upgrading training sessions for its executives.In a weekly meeting of the group’s presidents, Kim Sang-kyun, Samsung’s president of legal and compliance office, said the group plans on completing all preparations for compliance operations by June. He also ask
March 30, 2011
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Seaweed, mask sales soar on radiation fears
Fears of radiation from Japan have pushed up sales of masks and food such as kelp considered to help prevent poisoning, local retailers said Wednesday.Concerns over radiation have been rising during the past few days on news that traces of radioactive materials are being detected throughout the nation following a nuclear crisis in Japan.The state-run Korea Institute of Nuclear Safety confirmed Mon
March 30, 2011
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Renault Samsung to cut production by 20% in April
Renault Samsung Motors Co. announced Wednesday that it will cut output by 20 percent during April due to a parts shortage caused by the disasters in Japan. Renault Samsung, which stopped extra production after working hours and Saturday production on March 18, said its sole plant in Busan has been experiencing shortages in some engines and transmission supplied by Japanese firms.Renault Samsung sa
March 30, 2011
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Hynix doles out first cash dividend
World’s No. 2 computer memory-chip supplier sanguine on global marketICHEON, Gyeonggi ― Hynix Semiconductor on Wednesday said it will be doling out cash dividends for the first time this year and expected more to come on the back of rosier forecasts for the memory chip market.“We expect the demand for memory chips to continue rising and as long as we continue to see profit exceeding our objectives
March 30, 2011
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Rising exports testament to Renault Samsung’s growing capacity
Renault Samsung Motors Co., the Korean arm of the French carmaker Renault S.A., is rapidly becoming a key player in Renault Nissan Alliance’s global sales operations with exports rising at an unprecedented pace. On March 25, the company celebrated more than 400,000 units exported since 2000.Established in September 2000, Renault Samsung’s exports have grown at a rate unseen among Korean carmakers
March 30, 2011
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LG Group leads campaigns to support suppliers
Chairman Koo urges affiliates to help achieve ‘shared growth’ with smaller partnersLG Group is leading the corporate sector’s campaign to buttress the competitiveness of smaller vendors and firms to help achieve a level playing field for all parties. The group’s chairman Koo Bon-moo this year proclaimed that LG would stand at the forefront of supporting mutually beneficial growth with its partner
March 30, 2011
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Hong Kong opens world’s highest hotel
HONG KONG (AFP) ― The world’s highest hotel opened its doors in Hong Kong on Tuesday, housed in the city’s tallest skyscraper and offering unrivalled panoramic views of the world famous Victoria Harbor.Towering some 490 meters above the bustling, chaotic streets of the Southern Chinese city, the Ritz-Carlton Hotel is making a grand comeback after temporarily closing in 2008.Visitors peered out of
March 30, 2011
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Smartphone market to grow 50% in 2011: IDC
WASHINGTON (AFP) ― The worldwide smartphone market will grow nearly 50 percent this year and Google’s Android will take over as the leading operating system, a technology market research firm said Tuesday.International Data Corp. said smartphone vendors are expected to ship more than 450 million smartphones in 2011 compared to 303.4 million last year.IDC said the smartphone market will grow more t
March 30, 2011
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Japan crisis affecting Toyota, Honda
Toyota restricts orders from U.S. dealers to preserve supply of some parts; Honda to cut outputDETROIT (AP) ― Shortages of auto parts from Japan are hitting North American operations at Honda and Toyota.Toyota Motor Corp. on Tuesday said it wants its U.S. car dealers to stop ordering more than 200 replacement parts made in Japan because it’s worried about running out of them. And Honda Motor Co. s
March 30, 2011
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Lenovo launches ‘LePad’ in China
SHANGHAI (AFP) ― Chinese computer giant Lenovo has launched its own tablet computer at home as it tries to compete for a share of an increasingly crowded market dominated by Apple’s iPad.The LePad ― powered by Google’s Android software ― was launched in China on Monday at a Chinese-media only event.Lenovo will begin selling LePad directly to Chinese consumers this week through its own retail store
March 29, 2011
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Korea to nurture new growth technologies
South Korea is pushing a 1.5 trillion won national project to develop six promising technology sectors that would lead the nation’s growth in future decades.The government has recently set out long-term research and development plans with an aim to join the league of top five international technology powerhouses by 2020. Convergence-based technologies are expected to generate sales of 380 trillion
March 29, 2011
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Korea to bolster new system for mobile payment
The government, telecom operators, handset makers and credit card companies are teaming up to expedite the development of a new mobile payment technology. The Korea Communications Commission announced Tuesday the launch of a coalition to foster near-field communication technology, which allows shoppers to apply their mobile devices to an electronic reader at the check-out to pay for goods and serv
March 29, 2011
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SK Telecom, Samsung at war over phone bills
Telecom industry giant and world’s No. 2 phonemaker struggling to shirk blame for high call feesSK Telecom and Samsung Electronics, known for their airtight alliance on phone marketing and sales, are showing signs of a major rift with both parties attempting to shift blame for spiking call fees, according to industry watchers. On the government’s mounting demands on telecom companies to slash the
March 29, 2011
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Korea-EU FTA to be put to assembly for the third time
The Trade Ministry is to again revise the Korean-language version of the Korea-EU free trade agreement, and resubmit the bill for ratification to the National Assembly for the third time.“The government was recently informed that several errors were found while reviewing the Korea-EU FTA’s Korean translation,” Rep. Nam Kyung-pil, National Assembly’s Foreign Affairs, Trade and Unification Committee
March 29, 2011
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Hynix pins high hopes on specialty products
Memory chipmaker looks to growth in non-PC sector including mobile, graphic, server DRAMHynix Semiconductor Inc., the world’s second-largest maker of computer memory chips, looks to new growth opportunities in specialty products in the premium market.The company’s premium product line-up in the non-PC sector, which includes mobile, graphic and server dynamic random access memory (DRAM), is expecte
March 29, 2011
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Firms make preliminary bids for Korea Express
Creditors of Korea Express Co. have accepted preliminary bids from three local conglomerates, including steel giant POSCO, to buy Korea‘s largest logistics firm, sources said Monday. Co-sales managers Nomura Securities and the state-run Korea Development Bank (KDB) accepted letters of intent in early March from POSCO, retail giant Lotte Group and leading food conglomerate CJ Group to buy a 37.6 pe
March 28, 2011
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POSCO completes new thick-plate plant in Gwangyang
POSCO completed a new thick-plate producing facility within its steelworks in Gwangyang, South Jeolla Province, on Monday.The new plant has an annual production capacity of 2 million metric tons, pushing up POSCO’s total thick-plate production capacity to 7 million tons. Thick-plates are hot-rolled products that are thicker than 6 millimeters used in a variety of products including ships and indus
March 28, 2011
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Incheon Airport marks decade of rapid growth
Incheon International Airport marks its 10th anniversary Tuesday after a span of rapid growth establishing it as a major Northeast Asian hub and the world’s best airport. The country’s main gateway opened in 2001 and has grown by an average 6 percent per year in terms of passenger numbers, according to the Ministry of Land, Transportation and Maritime Affairs.Though it encountered diverse oppositi
March 28, 2011
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Homeplus under probe over product description
The Fair Trade Commission said Monday it is looking into whether Homeplus broke the law with an allegedly misleading advertisement for discount LED monitors sold at its stores last week.Homeplus, the country’s No. 2 retail chain, was offering the LED monitors for as low as 199,000 won ($178.56) at its 122 stores nationwide. Some buyers, however, were angry to discover that the monitors were not eq
March 28, 2011