Hyundai Mobis Co., South Korea's largest auto parts company by sales, is considering acquiring an electronic auto component maker to stay ahead in future car technologies, the company said Friday.In a recent interview with a foreign newswire service, Hyundai Motor Group Vice Chairman Chung Eui-s

South Korean immigration officials raided the main office of Korean Air Lines Co. on Friday in connection with an investigation into alleged illegal employment of foreign housekeepers, sources said.The Seoul Central District Prosecutors' Office sent its investigators handling immigration affairs

By Publisher Lee Kyung-sik with Ms. Kim Jung-mi, Sua KimDirector Mohamad Reduan Mohd Zabri of the Malaysian Investment Development Authority (MIDA) in Seoul said, “Hundreds of leading Korean companies have made Malaysia a part of their strategic location for investments and they include Lotte Chemic

Spain has in store for Korean companies attractive investment in infrastructure development on third countries, in renewable energy, automotive, real estate--and many more...By Publisher Lee Kyung-sik with Reporters Kim Jung-mi, Sua Kim“Spain offers one of the most attractive Investment Incentives s

President Cho Dong-sung of Incheon National University in Inchon, a little over 28 miles southwest of Seoul, invites ambassadors and their spouses to visit and see the unique and competitive aspects of his university on May 24 this year.Here are recent developments at the university:

South Korea's top 100 companies saw first-quarter earnings rise compared to the same period last year, but the gains were concentrated on a handful of high-performing companies, corporate analysis showed Sunday.CEO Score, a website that appraises corporate performance, analyzed the top 100 firms

South Korea will push to revive a currency swap deal with Japan that was suspended over diplomatic feuds, Bank of Korea (BOK) Gov. Lee Ju-yeol has said.During a news conference on the sidelines of a regional forum in Manila on Friday, Lee expressed expectations that the two sides will start negotiat

South Korea's Finance Minister Kim Dong-yeon asked Asian and Pacific leaders on Saturday to lend support for the implementation of last week's inter-Korean peace agreement, his office here said.He made the remarks in his address at the 51st Asian Development Bank's annual meeting now und

Nearly 500 former and current employees of Korean Air Lines Co. staged a candlelight vigil on Friday to protest abusive treatment by the controlling Cho family, amid rising public outcry over an alleged assault by one of the chief's daughters.The former and current employees at the country's

LG Electronics Inc. said Thursday its first-quarter operating profit moved up 20.2 percent on-year helped by robust sales of premium home appliances, although its handset sales remained weak.The company's operating profit reached 1.1 trillion won in the three month period, with sales increasing

South Korean President Moon Jae-in and North Korean leader Kim Jong-un reached an understanding Friday to push for economic projects that their two late predecessors had previously agreed upon more than a decade ago.In 2007, South and North Korea agreed to establish cooperative complexes for shipbui

The board of Daewoo Shipbuilding & Marine Engineering Co. decided Friday to keep the company's current head in post for three more years, a company official said.Jung Sung-leep is set to be formally appointed the company's CEO in a shareholder meeting on May 29, the official said. Th

South Korea and China on Friday held their first high-level economic cooperation meeting in two years following an improvement of bilateral ties damaged by a diplomatic feud over a U.S. missile defense system deployed in the South.The two sides reaffirmed their commitment to closer economic and trad

-- The United States declined to designate South Korea as a currency manipulator Friday but kept it on its list of countries to monitor.In a semiannual report to Congress, the Treasury Department said the currency practices of South Korea and five other countries required close attention but no trad

South Korea's top 10 business groups accounted for 79.1 percent of all net profits generated by companies listed on the country's main stock exchange in 2017, the local bourse operator said Sunday.According to the Korea Exchange (KRX), of the 533 companies checked that settled their accounts

Real interest rates offered by South Korean lenders fell into minus territory last year, with people effectively losing money if they make deposits, central bank data showed Sunday.The Bank of Korea (BOK) said the average annual interest rate for savings accounts stood at 1.56 percent, compared with

South Korea's central bank will likely hold its key rate steady at the upcoming monetary policy meeting due largely to low inflationary pressure, a leading provider of economic analysis said Sunday.The Bank of Korea (BOK) is set to hold its rate review session Thursday to decide whether to keep

Of late, high-content active vitamins have become popular among Koreans as they are known to be effective against physical fatigue. The active vitamin market is growing at more than 30% annually, with a wide range of products putting on the market. Experts recommend closely examining products for th

South Korea's exports rose 6.1 percent last month from a year earlier to mark the largest monthly tally for March, government data showed Sunday.Outbound shipments reached US$51.58 billion in the one-month period, up from $48.64 billion a year ago, according to the data compiled by the Ministry

An appeals court is set to hold the first preliminary hearing for the head of South Korea's retail giant Lotte in a massive bribery scandal that removed the country's leader from office last year, industry and legal sources said Sunday.In February, a Seoul court sentenced the business tycoon