SEOUL, Jan. 20 (Yonhap) -- Delivery service by South Korea's postal service operator Korea Post ranked No. 1 in consumer satisfaction, a survey showed Friday.Korea Post received 3.97 points out of a possible 5 in overall satisfaction scores on a survey conducted by the Korea Consumer Agency.It i
SEOUL, Jan. 20 (Yonhap) -- Shares of entertainment and media content company CJ E&M have been flying high, about the only gainer in the industry hit by China's move to restrict imports of South Korea's cultural material, market data showed Friday.The company's stock, listed in the second
SEOUL, Jan. 20 (Yonhap) -- Heavy snow pounded central South Korea, including the capital city of Seoul overnight on Friday, leading to traffic disruptions.According to the Korea Meteorological Administration (KMA), Seoul had received a total of 6.3 centimeters of snow as of 7 a.m. Incheon, west of S
SEOUL, Jan. 18 (Yonhap) - Biomedicine exports by South Korean pharmaceutical firms jumped more than 50 percent in 2016 from a year earlier to surpass the US$1 billion mark for the first time, data showed Wednesday.Outbound shipments of locally manufactured biomedicines such as vaccines and genetic r
SEJONG, Jan. 18 (Yonhap) - Hyundai Motor Co. and its affiliate Kia Motors Corp. are recalling about 150,000 Tucson and Sportage SUVs to fix faulty shock absorbers in their rear wheels, the government said Wednesday.Subject to the recall in South Korea are 88,514 Tucson vehicles, which were produced
SEOUL, Jan. 18 (Yonhap) - Shinsegae, a retail conglomerate, joined the list of the country's top 10 business groups in terms of assets last year, while logistics group Hanjin suffered a sharp drop on the conglomerate ranking chart as its affiliate Hanjin Shipping Co. was put under court receiver
SEOUL, Jan. 17 (Yonhap) -- The Korean units of BMW and Mercedes Benz are expected to compete for this year's bestseller title, with the former hoping to reclaim the crown, industry officials said Tuesday.BMW has gotten off to a good start, receiving more than 1,000 pre-orders in a week for the 7
SEOUL, Jan. 17 (Yonhap) -- The head of cash-strapped Daewoo Shipbuilding & Marine Engineering Co. was questioned by prosecutors Tuesday over allegations the company cooked the books to cover up its losses.Jung Sung-leep, 66, appeared before the Seoul Central District Prosecutors' Office as a sus
SEOUL, Jan. 17 (Yonhap) -- Samsung Group and business circles on Tuesday urged a Seoul court not to approve the arrest warrant against the group's de facto leader, Lee Jae-yong, a day before the court reviews the special prosecutors' request for his arrest.In the latest development of a wide
SEOUL, Jan. 17 (Yonhap) -- GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., introduced the all new Chevrolet Cruze here Tuesday, calling it the first of its kind in what it said will be a brand new segment of semi-mid size cars.The new Chevrolet Cruze has the longest body am
SEOUL, Jan. 17 (Yonhap) -- AmorePacific Co., POSCO and SK hynix Inc. were among the top picks by foreign investors last year, while offshore investors trimmed their holdings of top market cap Samsung Electronics Co., Hyundai Mobis Co. and Samsung Life Insurance Co., industry data showed on Tuesday.A
KAIST(Korea Institute of Science and Technology) was established in 1971 as Korea’s first research-oriented graduate university to foster elite human resources, such as master’s and doctoral degrees, who are equipped with basic theories and capability for practical applications. Currently, KAIST pro
SEOUL, Jan. 16 (Yonhap) -- South Korea's top mobile carrier SK Telecom Co. sold more than 40,000 units of its Artificial Intelligence (AI) home assistant service in four months, market watchers said Monday.The service, called NUGU, which means "who" in Korean, is the advanced voice recognition
SEOUL, Jan. 16 (Yonhap) -- Samsung Electronics Co. plans to announce the results of its investigation next Monday into what caused the Galaxy Note 7 smartphones to overheat and catch fire, company officials said Monday.Details of the results were not known. However, a failure in the inspection and m
SEOUL, Jan. 16 (Yonhap) -- The market value of listed stocks in Seoul owned by foreigners expanded significantly last year to surpass 480 trillion won (US$408 billion), government data showed Monday.Foreigners bought a net 12.1 trillion won worth of shares in South Korea in 2016, the largest since 2
SEOUL, Jan. 11 (Yonhap) -- South Korea's export prices rose 2.9 percent in December from a month earlier due to a weaker local currency and robust overseas demand for electronics products, central bank data showed Wednesday.The won fell 1.8 percent against the dollar on average last month compar
SEOUL, Jan. 10 (Yonhap) -- Many top executives of South Korea's largest businesses are expected to skip the annual economic forum in Davos, Switzerland, this year due to a corruption scandal that has led to the impeachment of South Korean President Park Geun-hye, market observers said Tuesday.Le
SEOUL, Jan. 10 (Yonhap)--Two of major lenders of the Republic of Korea--Shinhan and Woori--are in a full-fledged search for new leaders ahead of their general shareholders' meetings in March.Shinhan Financial Group has gained speed in the process by drawing up a shortlist of candidates to replac
SEJONG, Jan. 10 (Yonhap) -- The South Korean economy is feared to lose its recovery momentum as rising uncertainties at home and abroad created a strong drag on domestic demand, a government report said Tuesday."Despite a rebound in exports, the recovery momentum will likely weaken due to faltering
SEOUL, Jan. 4 (Yonhap) -- Demand for fresh loans from major local lenders in South Korea is likely to shrink in the first quarter as the government strives to curb a surge in household debt, official data showed Wednesday.The overall index measuring demand for bank loans came to 11 for the January-M