The Hyundai Ioniq electric vehicle has been named the greenest car in the United States, beating its global rivals the BMW i3 and the Toyota Prius Eco, the South Korean manufacturer of the car, Hyundai Motor Co., said Wednesday.The Ioniq Electric topped a list of environmentally friendly vehicles so

The first batch of 120 Kenbo 600s, a Chinese sport utility vehicle (SUV), sold out in South Korea, about one month after the vehicle debuted here, the Chinese car's local importer said Wednesday.China-Korea Motor Co., the local importer and distributor of the Chinese vehicle, unveiled the Kenbo

South Korean shares traded higher late Wednesday morning, tracking overnight gains on Wall Street after Federal Reserve chief Janet Yellen voiced a positive outlook of the world's largest economy.The benchmark Korea Composite Stock Price Index (KOSPI) rose 8.91 points, or 0.43 percent, to 2,083.

South Korea announced a package of measures Wednesday to utilize information and communications technology (ICT) and science technology to revitalize the country's economy suffering from weak exports and flagging manufacturing sector.Under the measures discussed in a meeting presided over by Act

Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, is looking at a slew of options to deal with massive debt due in April, its chief said Wednesday, brushing off concerns that the cash-strapped shipbuilder may fail to pay off the maturing debt.The shipyard should pay off

South Korea's exports of information and communications technology (ICT) products rose for the third consecutive month in January on the back of brisk overseas sales of semiconductors and displays, government data showed Wednesday.ICT exports reached US$13.83 billion last month, rising by a near

A total of 433 imported trucks were sold in South Korea last month, industry data showed on Tuesday.According to the data compiled by the Korea Automobile Importers and Distributors Association (KAIDA), Volvo topped the list with a total of 184 trucks sold, followed by 112 vehicles from MAN, 75 from

Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, has to pay off or refinance up to 1 trillion won (US$869 million) worth of debts that mature this year, but the shipbuilder's financial status is not good enough to deal with the situation amid the dearth of new order

Genji, Millennium Seoul Hilton’s Japanese restaurant, is pleased to offer a special Kaiseki meal showcasing succulent snapper, available only during the month of February. Kaiseki are traditional multi-course meals that are the Japanese equivalent of Western haute dining. Dishes are artfully present

The de facto leader of Samsung, South Korea's largest business group, was quizzed for a second time Monday on charges of bribery, as special prosecutors here accelerated their probe into an influence-peddling scandal centered on President Park Geun-hye.Lee Jae-yong, vice chairman of Samsung Elec

The unemployment rate for young people in South Korea rose sharply last year to surpass that of the United States for the first time in 16 years, data showed Sunday.The jobless rate for those aged between 15 and 24 reached 10.7 percent in 2016, up from the previous year's 10.5 percent, according

South Korean health authorities on Friday decided not to compensate a Seoul hospital for losses incurred by the temporary shutdown due to the Middle East Respiratory Syndrome (MERS) in 2015, citing the hospital's violation of relevant laws and protocols.A medical compensation committee under the

The head of LG Electronics' smartphone division purchased some 117 million won (US$101,900) worth of company stocks this week, the company said in a regulatory filing Friday, a move market watchers say is meant to show his confidence in the new smartphone to be unveiled later in the month.Cho Ju

South Korea posted a budget surplus for two years in a row in fiscal 2016 as its tax revenue rose sharply on increased corporate and value added taxes, the finance ministry said Friday.The gross revenue that the government brought in last year came to 345 trillion won (US$299.7 billion), while its e

Sales of South Korea's No. 2 automaker Kia Motors Corp. in Mexico jumped more than five times from a year earlier in 2016, suggesting a possible solution to a newly proposed U.S. tax on foreign-made cars that could affect Kia vehicles produced in the Central American nation, market observers and

Lee Kun-hee, the chief of South Korea's top conglomerate Samsung Group, retained his No. 1 spot on the list of annual dividend income earners for the eighth consecutive year last year, according to regulatory documents on Friday.Dividend payments to Lee, chairman of the group's flagship Sams

Apple Inc.'s iPhone has the biggest storage capacity among 10 smartphones manufactured by global tech firms, data showed Friday.The average storage capacity of iPhones came to 66 gigabytes during the third quarter of last year, the data by research firm CounterPoint showed.Apple shipped its late

South Korea's food service industry is forecast to remain in the doldrums due to anemic consumption and other negative factors, a government report showed Friday.The current business survey index for the food service industry decreased to 65.04 for the fourth quarter of last year from 67.51 thre

The supply of goods both locally produced and imported in South Korea rose at the fastest pace in three years in the fourth quarter of last year, aided by a boom in the chipmaking and construction sectors, government data showed Thursday.The index of domestic manufacturing supply gained 3.6 percent

South Korean banks' household loans increased at a modest pace last month on interest rate hikes and less trade in the housing sector, the central bank said Thursday.Loans extended to households here rose 100 billion won (US$87.1 million) in January, far less than the 3.4 trillion won recorded a