Korean Air Lines Co., South Korea's largest national flag carrier, said Tuesday that it will enhance security for flights to the United States starting this week.Under the measures set to begin Thursday, all passengers on U.S.-bound flights from Incheon International Airport are required to go t

The chief of South Korea's major public broadcaster MBC was questioned by the labor ministry early Tuesday over allegations that he violated labor laws and unfairly exerted influence over personnel affairs at the company based on political bias.Kim Jang-kyom, president and CEO of MBC, appeared a

The Citibank Korea Inc. (CEO Jin-Hei Park, www.citibank.co.kr) was awarded Mobile Banking Initiative of the Year for Korea on July 25, 2017 for its mobile app from the renowned Asian Banking & Finance magazine, host of the 2017 ABF Awards. An awardee was selected from each country in Asia.Citibank K

A-Ha Waterproof Technology Co., Ltd, a provider of world-level waterproof technology specializing in leakage prevention, is recognized in the international communities, such as the United States and China.Since its unique ‘dry adhesive complex sheets waterproof method’, a waterproofing technology, w

“KOREEL has seen its shipments to the U.S. increasing by a whopping 1,800 percent to date since acquiring the AEO (Authorized Economic Operator) certificate from the government,” Oh Hyun-Kyu, president of KOREEL Co., Ltd., one of South Korea’s top industrial reel manufacturers, spoke in capitals in

The following are excerpts from an interview with CEO Patrick Johansson of Ecricsson-LG conducted by The Korea Post media.—Ed.Question: What are your strong points and competitive edge over you competitors in Korea and around the world?Answer: One of our core competencies is the industry's

Korea Electric Power Corporation (KEPCO) launched on June 15, 2017 initial pressurization and trial operation of a 28MW solar photovoltaic power plant in Chitose, Hokkaido, Japan. This is KEPCO’s first solar photovoltaic power plant combined with energy storage system (ESS) built overseas, generatin

Hyundai Motor, a global leading automaker, supported the Second Annual Conference of the Asian Infrastructure Investment Bank (AIIB) recently held in the resort island of Jeju by providing 110 transport vehicles.Prior to the annual meeting of the AIIB board of governors held on June 16~18, 2017 at t

A continuing supply shortage of the latest smartphone made by Samsung Electronics Co. is leaving many of the early buyers in South Korea without a new phone in their hands, as the tech giant has failed to predict demand and ready stock in time, industry sources said Saturday. Samsung began t

Troubled Daewoo Shipbuilding & Marine Engineering Co. has to implement bold self-restructuring efforts and win more shipbuilding deals at reasonable prices in order to stand on its own feet, as its creditors are set to inject another batch of cash into the shipyard soon, analysts said Saturday.Holde

Hyundai Motor Co. sold more than 20,000 units of its Creta crossover utility vehicle overseas in March on strong local demand for subcompact CUVs, the country's top carmaker said Sunday.Hyundai currently produces the Creta subcompact front-wheel-drive crossover at its plants in India, Russia and

South Korean cosmetics makers are heading for dim first-quarter earnings, caused by China's boycott of products made by local companies in the wake of a diplomatic standoff over the deployment of a U.S. missile defense system, analysts said Sunday.Industry leader AmorePacific Corp. is forecast t

Lotte Group is expected to suffer damage in sales worth 1 trillion won (US$875.7 million) over the first half of 2017, industry watchers said Saturday, as China continues to condemn its decision to help the South Korean government's deployment of a U.S. missile defense system.China has been putt

South Korea's SK Innovation said Sunday it aims to develop a powerful electric car battery that would enable vehicles to travel 500 kilometers on a single charge by 2020.The energy and chemical business arm of SK Group said it will cope with current business trouble in China through its technolo

Samsung Electronics Co. predicted Friday that its first-quarter operating profit for this year advanced 48.2 percent on-year, apparently helped by the robust performance of its chip business.Operating profit is estimated at 9.9 trillion won (US$8.76 billion) in the January-March period, compared wit

The row with China over the deployment of a U.S. missile defense system hurt the latest bidding process for new duty-free shops due to open at South Korea's largest airport, industry sources said Saturday.On Thursday, four major duty-free operators -- Lotte Duty Free, Hotel Shilla, Shinsegae DF

Employees at South Korea's top mobile carrier SK Telecom Co. are the highest paid in the industry here, data showed Saturday. According to a regulatory filing, the average annual pay of employees at SK Telecom came to 102 million won (US$91,193) last year. The figure exceeds the 76 milli

South Korea's exports rose for the fifth straight month in March on the back of brisk sales of chips, displays and cosmetics, the trade ministry said Saturday.Outbound shipments came to a more-than-two-year high of US$48.9 billion last month, up 13.7 percent from $43 billion tallied a year earli

South Korea's industry ministry said Sunday it will launch a program to lend rare minerals to key businesses, including chipmakers, in case of unexpected supply shortages.The Ministry of Trade, Industry and Energy said it has completed securing reserves of around 10 kinds of rare minerals, inclu

Samsung Electronics Co., which plans to showcase its new flagship smartphones next week, is going all out to come up with marketing strategies to best promote its cutting edge device, industry sources said Saturday. The South Korean tech giant, which suspended the production of the Ga