Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Organic milk ‘overpriced,’ no better
A study found Wednesday that organic milk products cost up to three times more than standard milk products despite containing no fewer harmful substances or bacteria. Consumers Korea released its study on organic milk products of three major diary companies including Namyang Diary Products Co. and P
Sept. 7, 2011
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Google denies unfair practices, promises to cooperate in probe
FTC antitrust investigators search company’s Seoul officeGoogle Inc. denied any alleged unfair business practices in Korea, the day after antitrust officials raided its Seoul offices on Tuesday. The Fair Trade Commission stormed Google’s office as part of its probe into an allegation that the global
Sept. 7, 2011
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KITA sets up Vietnam office
Korea International Trade Association chairman SaKong Il (third from left), Ho Chi Minh City Vice Mayor Nguyen Thi Hong (second from left), Korean ambassador to Vietnam Ha Chan-ho (fifth from left), SeAH Steel Corp. chairman Lee Woon-hyung (eighth from left) and other officials cut the tape at a cer
Sept. 7, 2011
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14,400 bottles of wine as a gift to shipbuilder
Hyundai Samho Heavy Industries’ employees hold glasses of wine in front of the ship being built for the German shipping firm Peter Doehle in Yeongam, South Jeolla Province, on Wednesday. (Hyundai Samho Heavy Industries Co.)Hyundai Samho Heavy Industries Co. received 14,400 bottles of wine from a Ger
Sept. 7, 2011
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Hyundai Oilbank launches ‘1 percent’ donation initiative
Executives and employees of Hyundai Oilbank pledged on Wednesday to donate 1 percent of their salaries each month via payroll deduction, stepping up the company’s social contribution efforts. Officials including chief executive Kwon Oh-gap and union leaders signed an agreement at its Seoul headquart
Sept. 7, 2011
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Hite-Jinro unveils corporate identity, vision
Hite-Jinro Group has unveiled its new vision to enter the global market as it relaunches after merging Korea’s top beer and soju makers into a single liquor giant.Hite Brewery Co., the country’s biggest beer producer with a 55.8 percent stake in the Korean market as of last year, took over Jinro Co.
Sept. 7, 2011
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Apple’s iPhone to overtake Nokia on smartphone shipment: report
U.S. IT giant Apple is set to become the world’s largest smartphone manufacturer by volume, overtaking Nokia, a report showed on Tuesday.According to DigiTimes, a Taipei-based daily, Apple is expected to take 19 percent of the global smartphone market with shipments of 86.4 million units this year.
Sept. 7, 2011
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After raid, Google vows cooperation with Korea's anti-trust probe
WASHINGTON (Yonhap) -- Google Inc. said Tuesday that it will cooperate with South Korea's investigation into its alleged unfair business practices, as reports said the local authorities raided the firm's Seoul offices.South Korea's Fair Trade Commission (FTC) raided the offices earlier in the day as
Sept. 7, 2011
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SK Networks may sell school uniform business
SK Networks is seeking a buyer to take over its uniform business, local media reported Tuesday.According to reports citing an unidentified SK Networks official, the company is looking for a buyer, and a number of potential buyers conducted preliminary due diligence on the matter last week.The compan
Sept. 6, 2011
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Merck showcases solar materials in Germany
Merck KGaA, a multinational pharmaceutical and chemical group, said Tuesday it is showcasing its newest components of a solar power system at a tradeshow in Germany this week.About 950 companies and organizations from more than 100 countries gathered in Hamburg to catch up on the latest trends and d
Sept. 6, 2011
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Retail giants agree on commission cut
The Fair Trade Commission said Tuesday that major retailers have agreed to lower the commission they charge traders who use their floor space from October.According to the antitrust regulator, FTC chairman Kim Dong-soo and 11 CEOs of department stores, discount chains and home-shopping channels reac
Sept. 6, 2011
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Korea now 7th-largest builder
South Korea took up the seventh position in the global construction market in terms of combined orders won by its builders last year, a trade association said Tuesday.The Korea Federation of Construction Contractors said South Korea’s 11 construction firms clinched a combined market share of 4.8 per
Sept. 6, 2011
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Airlines to hire record number of staff
Korean Air and Asiana Airlines, Korea’s two plan to hire a record number of new employees this year.Korean Air said Monday it will add 330 new crew members to the 1,000 already hired in the first half of the year to smooth operation of new aircraft and routes.Asiana plans to bring in 465 young skill
Sept. 6, 2011
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‘Integration of supply chain key to meat exports’
HORSENS, Denmark ― For struggling local red meat producers in the post-Korea-EU FTA market, the surest way to seek advice was to go to Danish Crown, Europe’s top pork exporter that continues to expand despite one of the world’s highest production costs.At the Danish livestock farmer co-op’s slaughte
Sept. 6, 2011
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‘Samsung moves to adopt new 3-D display technology’
An LG executive said Tuesday that the firm’s rival Samsung Electronics is moving away from the active 3-D display technology and develop its own “passive” technology for its TVs.The executive, who wished to remain unidentified, said that Samsung will adopt the passive 3-D technology although it will
Sept. 6, 2011
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Cutting-edge gadgets highlight at IFA 2011
KT, Sony, Toshiba unveil future-oriented wireless gadgets at world trade showBERLIN ― This year’s IFA was highlighted with new and trendy gadgets ranging from a digital gadget that could inter-connect multiple gadgets to electronic devices that spread the use of 3-D.KT Corp., the country’s top fixed
Sept. 6, 2011
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Small car sales rise to year high on economic worries
Small automobile sales rose to a year high in August boosted by rising fuel prices and concerns for a new worldwide economic downturn.According to industry data, 38,698 small vehicles were sold on the local market in August, accounting for 53.5 percent of passenger car sales. Small automobiles are d
Sept. 5, 2011
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Hyundai, Intel, C&S to develop mobile entertainment system
Hyundai Motor Co., the largest carmaker in the country, on Monday agreed with Intel Korea and C&S Technology Ltd. to jointly develop infrastructure needed to deliver new channels of entertainment to drivers.The three plan to put together In-Vehicle Infotainment system enabling drivers to access out-
Sept. 5, 2011
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Amore Pacific eyes W500b ‘mega brands’
Amore Pacific Corp. on Monday held a ceremony marking the company’s 66th anniversary, renewing its long-term target to nurture “mega brands” with more than 500 billion won ($468 million) in annual sales. “We have succeeded in having brands whose annual sales exceed 100 billion won. And now is the ti
Sept. 5, 2011
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Seoul sets up coordinator for arms exports
The government on Monday unveiled a new planning body for the country’s growing defense industry to boost exports of military equipment and speed up the regulatory process.South Korea’s defense and economy ministries joined forces to craft the Defense Industry Development Council, which originated f
Sept. 5, 2011