Hyundai Heavy Industries Co., a leading global shipyard, said Sunday that it secured an order to build four tankers that run on liquefied natural gas (LNG).The four vessels ordered by state-run Russian shipping company Sovcomflot will displace 114,000 deadweight tons each and be highly eco-friendly,

SK Engineering & Construction (SK E&C) has teamed up with a Turkish firm for a multi-billion-dollar project to build and operate new power plants in Iraq, the South Korean firm said Saturday.Officials from the South Korean builder said the company has successfully purchased a 30 percent stake in UNI

Hyundai Motor Co., South Korea's top automaker, said Sunday that it has sold over 30,000 units of the G80 midsized luxury car in the eight months since its launch here. The automaker's G80, one of its luxury Genesis brand models, made its debut in the country in June last year.

The pilot union at Korean Air Lines Co., South Korea's largest flag air carrier, said Friday they will go on a week-long strike later this month after their negotiations for a wage hike fell through.The strike will start on March 24 for a seven-day run, the pilot union said. Some 230 out of the

Hyundai Motor Co. saw sales of its hybrid and electric car models of the Ioniq surpass 30,000 units across the world over the past year, industry data showed Sunday.A total of 31,165 units of the Ioniq were sold worldwide since January 2016, according to the data.Sales of the Ioniq hybrid reached 24

LG Electronics Co. of South Korea said Saturday it will update two of its smartphone models -- the G4 and V10 -- with the latest operating system (OS), reversing its earlier decision.It cited the "respect for consumers' rights to choose."LG plans to offer the upgrade of the OS with Android 7.0

Fire authorities have suspended the operation of Lotte Mart in China's northeastern city of Dandong, officials said Saturday, in what could be the latest pressure on South Korea's retail giant over a U.S. missile defense system.South Korea's Lotte Group has come under intense fire in Chi

LG Electronics Inc., a major South Korean consumer appliance manufacturer, said Tuesday that it will build a washing machine plant in Tennessee in the latest efforts to boost its market share in the world's largest economy.LG Electronics plans to break ground on the US$250 million plant within t

Kia Motors Corp., South Korea's second-largest carmaker, saw its sales in China last month plunge 38.9 percent on month, amid a dispute with some of its Chinese dealers over inventory, according to company and industry sources on Sunday. Kia's sales fell to 30,080 units in Jan

SEOUL, Jan. 27 (Yonhap) -- Samsung Electronics Co. saw its earnings overwhelm other South Korean companies in 2016, data showed Friday, expanding its presence in the country's economy.The South Korean tech giant posted sales and operating profit of 201 trillion won (US$172 billion) and 29.2 tril

Chairman Kim Kwan-yong of the Organization Committee of the Ho Chi Minh City-Gyeongju World Culture Expo 2017, concurrently governor of the Gyeongsangnam-do Province, hosted a meeting of the Central Advisory Committee of the Opinion Leaders of the Expo at the Press Center in Seoul on Nov. 2, 2016.

The following article was contributed by Hankook Tire for publication on the occasion of the opening of Hankook Techno R&D Center in Daejon, Korea.--Ed.Hankook Tire has recently held an opening ceremony of ‘Hankook Technodome’, the new central R&D center in Daejeon, Korea, as the company headways in

Dubai Airport Freezone Authority (DAFZA) recently held a series of seminars in South Korea with the Korean business community as part of its continuing initiative to facilitate trade relations among foreign business communities worldwide and further highlight its latest business developments. The se

Hyundai Motor, a world-leading automobile companybased in Korea, began in August 2016 producing ‘Creta’, a small-sized sportsutility vehicle (SUV) that gained high popularity in India, at its subsidiaryin Saint Petersburg, Hyundai Motor Manufacturing Russia (HMR). The plant isproducing a Creta in ev

One of the year’s most eagerly awaited social events returns with the 2016 Grand Hilton Seoul Oktoberfest on September 3, 2016 from 6 pm. Hosted by the hotel’s convention hall, this year’s celebrations will mark the 10th anniversary of Grand Hilton Seoul’s very own Oktoberfest. Grand Hilton Seoul is

Global automaker Hyundai Motor Co.’s all three entries in the 44th ADAC Zurich 24-Hour Race held for four days from May 26 in Germany succeeded in completing the race while only 104 cars, or 65.4 percent of all 159 entries, were able to finish the competition. The three entries were 1.6-liter i30 Tu

Hanwha Life, a life insurance arm of the Hanwha Business Group, has developed a “Hanwha Life e-Jaetekeu Savings Insurance” which guarantees both profitability and safety. Jaetekeu technically means “financial technology,” but also refers to financial investment today.It is now virtually impossible f

Hyundai Motor, a world- leading automobile manufacturer, debuted on April 25, 2016 the concept model of ‘Yuena’, the Chinese version of ‘Verna’, at the 14th Beijing International Automobile Exhibition held at the New China International Exhibition Center. The concept model of ‘Yuena’ is an urban-typ

Doosan Group, a leading power equipment and construction conglomerate, ushered in the era of fourth-generation management. Doosan Group recently announced that Park Jeong-won, Chairman of the Group’s de facto holding company Doosan Corporation and the eldest son of former Doosan Group Chairman Park

Hyundai Motor launched the industry-first eco-friendly sedan ‘IONIQ Hybrid’ on January 14, 2016 at the Dongdaemun Design Plaza in Seoul. Having been developed under the concept of ‘Start of Future Mobility That Creates a Better Life’, the leading automaker gave it the brand name of ‘IONIQ’, a combin