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
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