Most Popular
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Korea enters full election mode
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Immigrant woman stabbed to death by Korean husband
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Lee Jong-sup resigns as envoy to Australia
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Yellow dust engulfs S. Korea, advisory alert issued
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Official campaigning kicks off for April 10 elections
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S. Korea to boost support for single-parent families
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Court upholds jail term for man who attempted to murder ex-girlfriend
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Kia EV9 wins world car of year
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Korea misses out on global bond index boost
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TV shareholder eligibility questioned
Eulji Hospital’s participation in Yonhap consortium accused of violating lawThe eligibility of a shareholder in the recently licensed Yonhap News TV has emerged as a matter in dispute.Local news media has raised the possibility that the Eulji General Hospital may have violated laws to join the tentatively named consortium led by the Yonhap news agency to get a news television license. The hospital
Jan. 4, 2011
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Showdown between Naver, eBay begins
eBay’s removal of database from Naver’s shopping section intensifies competitionEBay Inc., the world’s largest online marketplace operator, is seeking to remove its database from the shopping section of Korea’s top portal site Naver, amid an intensifying rivalry over the nation’s rapidly expanding online shopping market.EBay, which currently owns the biggest e-commerce websites Auction and Gmarket
Jan. 4, 2011
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Kia’s market share exceeds 30%
Kia Motors Corp.’s domestic market share exceeded 30 percent in 2010 for the first time in 15 years.According to industry data, Kia’s domestic sales in 2010 increased by 17.4 percent from the previous year to come in at about 485,000 vehicles, and pushing up the carmaker’s market share by 3.6 percentage points to 33.2 percent. While Kia held more than a 30 percent market share in the early 1990s,
Jan. 4, 2011
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Toyota aims for Prius to become top-selling U.S. vehicle by 2020
Toyota Motor Corp., the world’s largest maker of gasoline-electric autos, expects the Prius hybrid and related models bearing the same name to become its top-selling U.S. vehicle line by the end of the decade. “We will end the decade with Prius being the number one nameplate in the industry,” Bob Carter, Toyota’s group vice president for U.S. sales, said in a call with analysts Monday. The Camry,
Jan. 4, 2011
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Tycoons outline New Year plans
Samsung chairman pledges investment, mutual growthSamsung Electronics chairman Lee Kun-hee reiterated his commitment to aggressive investment and mutual growth with suppliers in his New Year address Monday. Lee Kun-heeIn a speech at a ceremony with about 1,200 executives in Seoul, Lee emphasized the importance of future growth engine businesses. “Ten years from now will be the challenge per
Jan. 4, 2011
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Samsung's 2011 investment likely to top 30 tln won
Samsung Electronics Co., the world's top computer memory maker, will likely spend more than 30 trillion won ($26.67 billion) in investment this year, industry sources said Tuesday. The forecast came a day after company chairman Lee Kun-hee said that the company's investment for this year will be larger and bigger than last year's. The company earmarked 26 trillion won(US$23 billion) for investm
Jan. 4, 2011
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Double investment ban victimizes TV applicant
Panel applies impractical rule too strictly in selecting new cable television operators The recent selection of successful applicants for general and news programming television licenses resulted from the application of ambiguous criteria which may be viewed as illegal. The ignorance over a criterion which restricts double investment by a stakeholder of an applicant in another applicant has led to
Jan. 3, 2011
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Samsung sold 10m Galaxy S phones globally
Samsung Electronics has sold more than 10 million units of its Galaxy S smartphone worldwide since its debut in June, the company said Monday.Four million were sold in North America, 2.5 million in Europe and 2.2 million in Korea.The figure is nearly twice the number of smartphones it sold in 2009. The world’s second-largest handset maker said the Galaxy S’ popularity is growing at a fast pace. It
Jan. 3, 2011
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Airline fuel surcharges may decline
The government is planning to reduce fuel surcharges on international flights this year due to a drop in international crude oil prices, the Ministry of Land, Transport and Maritime Affairs said Monday. The ministry said it will reform the current fuel surcharging system, categorized only in terms of long-distance and short-distance flights. It plans to specify classifications according to flight
Jan. 3, 2011
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Hyundai Heavy gives 5 billion won to charity
Hyundai Heavy Industries donated 5 billion won ($4.4 million) to the Community Chest of Korea on Monday.“I hope that the donation can in a small way help in giving hope and courage to those who are experiencing financial difficulties,” Hyundai Heavy Industries president and chief executive Lee Jai-seong said. Lee Jai-seongMonday’s donation is the latest in a series of corporate social responsibili
Jan. 3, 2011
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Vizio to challenge Apple with cheaper smartphone, tablet
Vizio Inc., the second-largest U.S. television supplier, will introduce a low-cost smartphone and tablet computer using Google Inc.’s Android software to attract consumers who cannot afford Apple Inc.’s devices. The smartphone with a 4-inch screen and tablet with an 8- inch display will be unveiled at the Consumer Electronics Show in Las Vegas, which begins Jan. 6, Chief Technology Officer Matthew
Jan. 3, 2011
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VW extends CEO’s contract until 2016
Volkswagen AG extended Chief Executive Officer Martin Winterkorn’s contract by five years, giving the executive the time to complete a merger with Porsche SE and surpass Toyota Motor Corp. as the biggest automaker. VW’s supervisory board unanimously backed the CEO’s appointment through 2016, the Wolfsburg, Germany-based company said Sunday. Winterkorn, 63, took over as CEO on Jan. 1, 2007 and his
Jan. 3, 2011
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Corporate leaders stress innovation, growth for 2011
By Choi He-suk Korea’s top companies are bracing for the New Year challenges of both consolidating their market leadership and developing new growth businesses.Innovation, quality, future growth, core capabilities and human resources are keywords in the New Year’s messages of leading companies as they put out strategies to tackle global uncertainties, a slowing overseas demand and tougher challeng
Jan. 2, 2011
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Tablets galore at major gadget fest
CES organizers say 40 to 80 tablet computers could debut at the eventSAN FRANCISCO (AFP) ― Tablet computers will lead a host of “smart” gadgets in the Nevada desert this week at a Consumer Electronics Show spotlighting slick new devices on the horizon.CES attendance in Las Vegas should top the 126,000 figure from the annual event last January and the roster of exhibitors has climbed 2,000 to 2,700
Jan. 2, 2011
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Samsung eyes 10 million smart TV sales in 2011
Samsung Electronics Co., the world's largest supplier of flat-screen TVs by shipments, said Sunday that it aims to sell 10 million units of smart TVs this year, about a two-fold increase from last year, hoping to notch a big win in the emerging TV segment. (Yonhap News)The company plans to ramp up marketing to promote its smart TV during the Consumer Electronics Show slated to open on Thursday in
Jan. 2, 2011