South Korea and Japan on Tuesday began a second round of talks in Geneva in their latest attempt to resolve the trade row over Tokyo's export restrictions.The meeting between South Korean chief negotiator Chung Hae-kwan and his Japanese counterpart Junichiro Kuroda came amid dimming prospects fo
Kia Motors Corp. said Tuesday its Telluride SUV has been named the 2020 SUV of the year by MotorTrend, giving a further boost to the sales of the flagship SUV in North American markets.The 2020 Telluride, designed in California and assembled in Georgia, has become the first South Korean SUV to win t
President Moon Jae-in said Tuesday his government will try "till the last moment" to avoid the termination of an accord with Japan on exchanging military information but he made clear that depends on Tokyo's stance on its export restriction against Seoul.Although the agreement, known as GSOMIA
By Industry Editor Sung Jung-wook On Nov. 20, 2019, Ambassador Mohamed Selim Alharthy of Oman in Seoul hosts a reception at the Lotte Hotel in Seoul in celebration of the 49th National Day of Oman.“The Sultanate of Oman marks its 49th National Day,” says Ambassador Alharthy, “and it is the most cher
Tuesday, November 19, 2019 Round-up of important news from major Korean dailies and from international media todayThe Korea Post (http://www.koreapost.com/)U.S. appears to be reviewing options for success of N.K. talks: ministerThe United States appears to be reviewing various options for the succes
The Fair Trade Commission (FTC) said Monday it has started a process to penalize Naver Corp., South Korea's biggest internet portal, over alleged abuse of its market dominance.The anti-trust watchdog sent the company the final report detailing its judgment on the alleged violation of fair compet
South Korea plans to apply a grace period for smaller firms in adopting the 52-hour workweek system, the labor minister said Monday, reflecting concerns over financial costs and a legislative deadlock at the National Assembly."In the case (the policies) are not legislated, the government will push
South Korea's non-life insurers suffered a near 28 percent tumble in third-quarter earnings due to a rise in their loss ratio, data showed Tuesday.The combined net profit of nine non-life insurance firms came to 502.1 billion won (US$431 million) in the July-September period, down 27.8 percent f
The United States appears to be reviewing various options for the success of denuclearization negotiations with North Korea, Seoul's unification minister said Monday.Kim Yeon-chul made the remark to reporters after meeting with U.S. Special Representative for North Korea Stephen Biegun in Washin
North Korea said Tuesday it has no interest in denuclearization negotiations with the United States unless Washington drops its "hostile" policy.Kim Yong-chol, who formerly led the negotiations as U.S. Secretary of State Mike Pompeo's counterpart, issued the statement in response to Sunday'
Monday, November 18, 2019 Round-up of important news from major Korean dailies and from international media todayThe Korea Post (http://www.koreapost.com/)Trump urges N.K. leader to 'act quickly,' 'get deal done'U.S. President Donald Trump urged North Korean leader Kim Jong-un on Sun
The pace of the fall in DRAM prices is expected to slow down in the fourth quarter on a gradual recovery in global demand, a report showed Saturday.The average sales prices of DRAM are anticipated to shrink 5 percent in the October-December period compared with a year ago, according to industry trac
Samsung Electronics Co.'s first labor union under a major South Korean umbrella union group set sail Saturday.The union, under the Federation of Korean Trade Unions (FKTU), submitted a labor union establishment application to the government Monday and earned the approval two days later.
BMW Group Korea said Sunday it will strengthen its electrified vehicle lineup to revive sales in line with the German automotive group's broad environment-friendly vehicle strategy.BMW has recently announced its plan to release 25 zero-emission and less-emitting vehicles by 2025.
U.S. President Donald Trump urged North Korean leader Kim Jong-un on Sunday to "act quickly" and reach a deal with him on dismantling the regime's nuclear weapons program.Trump's tweet came as denuclearization negotiations between Washington and Pyongyang have stalled since the two leaders
By Industry Editor Sung Jung-wook “The Taihan Electric Wire Co., Ltd. in Seoul is the ‘Power Lighting up the World’ as well as Korea,” said Public Relations Manager Ms. Dorak Park of the company at a recent interview at her office in Anyang, Gyeonggi Province.Speaking with The Korea Post media, publ
Friday, November 15, 2019 Round-up of important news from major Korean dailies and from international media today The Korea Post (http://www.koreapost.com/)N. Korea says it sent ultimatum to S. Korea over Mount Kumgang projectNorth Korea sent an ultimatum to South Korea earlier this week that it wil
Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, said Thursday that its net losses widened in the third quarter from a year earlier due to losses from equity ties with a struggling Brazilian plant.Net loss for the July-September quarter deepened to 60.1 billion won (US$51 million)
Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, on Thursday reported a third-quarter net loss of 296.4 billion won (US$253 million) due to one-off costs.Daewoo Shipbuilding's net losses for the three months ending Sept. 30 narrowed from 323.9 billion won deficit a
Hyundai Merchant Marine Co., South Korea's biggest shipping company by sales, said Thursday its net losses narrowed in the third quarter from a year earlier due to a rise in sales.Net losses narrowed to 124.2 billion won (US$106 million) in the July-September period from 166.7 billion won a year