Hyosung Vietnam, the local subsidiary of Hyosung Group, has emerged as the core driver of growth of the Group since the late 2000s. Its annual sales revenue sharply increased from KRW6 billion (approx. US$5.24 million) in 2008 to over KRW1 trillion (approx. US$87.4 million) in 2014, generating subst

Seohancare has been a leading manufacturer of a range of orthopedic and neurosurgical implants in Korea since 2005. Seohancare's products have been used effectively for many surgical products.The Company exports 20 medical devices to 30 countries, including Taiwan, Thailand, Australia, Iran, Sau

A growing number of households in South Korea are exposed to debt risks, especially people in their 30s and the elderly, data showed Monday.The number of "marginal households," whose debt-to-disposable income ratio is over 40 percent, came to 1.81 million last year, up 14.7 percent from 1.58 milli

Samsung Group will halt its weekly meeting of top executives for the time being after the group's de facto chief, Lee Jae-yong, was arrested over his alleged role in the presidential influence-peddling scandal, group officials said Monday.Lee, vice chairman of Samsung Electronics who has denied

Genji, Millennium Seoul Hilton’s Japanese restaurant, is pleased to offer a special Kaiseki meal showcasing succulent snapper, available only during the month of February. Kaiseki are traditional multi-course meals that are the Japanese equivalent of Western haute dining. Dishes are artfully present

The unemployment rate for young people in South Korea rose sharply last year to surpass that of the United States for the first time in 16 years, data showed Sunday.The jobless rate for those aged between 15 and 24 reached 10.7 percent in 2016, up from the previous year's 10.5 percent, according

South Korea's agriculture ministry said Sunday it has received a report of suspected outbreak of foot-and-mouth disease in the central county of Boeun and a diagnosis is under way.The Ministry of Agriculture, Food and Rural Affairs said the report came from a dairy farm of 195 cows in Boeun, 180

South Korea's self-sufficiency rate of grain, beef and seafood sharply fell last year as imported food items appealed to consumer tastes with their lower prices and variety of flavors, according to government data on Sunday.The nation's self-sufficiency rate of grain, excluding feed for anim

Sales of imported trucks in South Korea surged by over 70 percent last year, despite a contraction of about 7 percent in local sales of all imported vehicles, an industry tally showed Sunday. The Korea Automobile Manufacturers Association said a total of 7,726 imported trucks were sold here in 2016,

SK Telecom Co., South Korea's top mobile carrier, said Sunday it will build a network for the so-called Internet of Things (IoT) in Bangkok and Phuket.Under a contract with Thailand's state-owned CAT Telecom, signed last Friday, SK Telecom plans to build the network and start a trial service

The global market for automotive semiconductors is expected to grow 7.1 percent annually by 2020, fueled by strong investment by carmakers into electric and self-driving cars, according to a market estimate on Sunday. With semiconductor demand for cars growing, Samsung Electronics Co. and SK

HWASEONG, Gyeonggi Province, Feb. 4 (Yonhap) -- Four people were killed Saturday as a fire broke out at a shopping mall connected to a couple of residential skyscrapers in Dongtan new town in Hwaseong, Gyeonggi Province, fire authorities said.The fire started at a kids park on the third floor of the

South Korea confirmed Saturday the outbreak of bird flu in Seoul, the first time in two years for the pandemic to spread to the capital. The dead body of a Great Crested Grebe (Podiceps cristatus) water bird was found at a Han River jetty in Seongdong Ward, central Seoul, on Monday, a

South Korea's duty-free outlets have sharply increased their sales but struggled to raise actual profits amid fierce competition, data indicated Saturday.The combined revenue of local duty-free stores hit a record high of 12.2 trillion won (US$10.4 billion) last year, according to the Korea Cust

Seoul, January 31, 2017-For couples planning for a romantic getaway to celebrate Valentine’s Day, Sheraton Seoul D Cube City Hotel presents ‘Romantic Blossom in Valentine Package’. Sheraton Seoul D Cube City Hotel delivers the romantic mood by decorating Deluxe rooms with beautiful pi

SEOUL, Jan. 31 (Yonhap) -- The prices of computer memory chips surged 39 percent on-month in January, industry data showed Tuesday, boding well for South Korea's leading chipmakers -- Samsung Electronics Co. and SK hynix Inc.The spot price of the benchmark 4-gigabit DDR3 came to US$2.69 as of We

SEOUL, Jan. 30 (Yonhap) -- Exports of South Korean-made instant noodles, or ramyeon, nearly tripled over the past decade, as their popularity has been spreading beyond China and Asia to the United States, Middle East and Europe, industry agencies said Monday. The nation's ramyeon exports totaled

SEOUL, Jan. 29 (Yonhap) -- More than 3.7 million used cars were traded in South Korea last year, hitting a record high, data showed Sunday.The number of used cars newly registered with the authorities during the year totaled 3.78 million, according to the Ministry of Land, Infrastructure and Transpo

SEOUL, Jan. 26 (Yonhap) -- The Finance Ministry said Thursday it will soon appoint a civilian financial expert as an external financial cooperation ambassador amid growing uncertainties over rising protectionism, a trade row with China and expected U.S rate hikes."We are currently verifying those r

SEOUL, Jan. 26 (Yonhap) -- LG Chem Ltd., South Korea's top chemicals firm, said Thursday that its net profit increased 11.5 percent last year from a year earlier on steady demand for its key products, particularly basic materials.Net profit reached 1.28 trillion won (US$1.1 billion) last year on