Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, said Thursday that it has signed a letter of intent with a U.S. firm to build up to seven floating storage and regasification units (FSRUs).Under the deal with Excelerate Energy, Daewoo Shipbuilding will receive an order

Hyundai Motor Co., South Korea's top automaker, didn't report cash donations to two controversial foundations to its board two years ago, sources said Wednesday, sparking questions over managerial transparency.In October and December 2015, Hyundai Motor donated a combined 6.88 billion won (U

A man in his 30s with a hand transplant has been recovering fast from the surgery last week, raising the prospect that the first hand transplant in South Korea will be a success, a hospital said Monday.A team of surgeons performed a 10-hour hand transplant on the man on Thursday at the Yeungnam Univ

The South Korean government said Monday that flaws in batteries caused the fires in Samsung Electronics Co.'s Galaxy Note 7, which led to a worldwide recall and production halt of the smartphone.In a test conducted by the state-run Korean Agency for Technology and Standards, it was found that el

Samsung Electronics Co. on Monday announced its withdrawal of membership from the nation's top business lobby as the Federation of Korean Industries (FKI) was blamed for its role in a snowballing corruption scandal that led to the impeachment of President Park Geun-hye.Samsung Electronics formal

Sales of imported vehicles in South Korea grew slightly from a year earlier in January, market data showed Monday, signaling a possible recovery in the sector still struggling with an emissions scandal.The number of imported cars newly registered here in January came to 16,674, up 2.7 percent from 1

The projected dividend yield rate of South Korea's listed firms lags far behind that of foreign companies listed on other advanced and emerging markets, a brokerage said Monday.South Korea's projected dividend yield rate -- the ratio of dividends per share to the current share price -- was 1

South Korea's agriculture ministry said Sunday it has received a report of suspected outbreak of foot-and-mouth disease in the central county of Boeun and a diagnosis is under way.The Ministry of Agriculture, Food and Rural Affairs said the report came from a dairy farm of 195 cows in Boeun, 180

South Korea's self-sufficiency rate of grain, beef and seafood sharply fell last year as imported food items appealed to consumer tastes with their lower prices and variety of flavors, according to government data on Sunday.The nation's self-sufficiency rate of grain, excluding feed for anim

Sales of imported trucks in South Korea surged by over 70 percent last year, despite a contraction of about 7 percent in local sales of all imported vehicles, an industry tally showed Sunday. The Korea Automobile Manufacturers Association said a total of 7,726 imported trucks were sold here in 2016,

SK Telecom Co., South Korea's top mobile carrier, said Sunday it will build a network for the so-called Internet of Things (IoT) in Bangkok and Phuket.Under a contract with Thailand's state-owned CAT Telecom, signed last Friday, SK Telecom plans to build the network and start a trial service

The global market for automotive semiconductors is expected to grow 7.1 percent annually by 2020, fueled by strong investment by carmakers into electric and self-driving cars, according to a market estimate on Sunday. With semiconductor demand for cars growing, Samsung Electronics Co. and SK

HWASEONG, Gyeonggi Province, Feb. 4 (Yonhap) -- Four people were killed Saturday as a fire broke out at a shopping mall connected to a couple of residential skyscrapers in Dongtan new town in Hwaseong, Gyeonggi Province, fire authorities said.The fire started at a kids park on the third floor of the

South Korea confirmed Saturday the outbreak of bird flu in Seoul, the first time in two years for the pandemic to spread to the capital. The dead body of a Great Crested Grebe (Podiceps cristatus) water bird was found at a Han River jetty in Seongdong Ward, central Seoul, on Monday, a

South Korea's duty-free outlets have sharply increased their sales but struggled to raise actual profits amid fierce competition, data indicated Saturday.The combined revenue of local duty-free stores hit a record high of 12.2 trillion won (US$10.4 billion) last year, according to the Korea Cust

South Korea's current account surplus narrowed 6.8 percent in 2016 from a year earlier due to sluggish outbound shipments, central bank data showed Friday.The country's current account surplus reached US$98.68 billion in 2016, compared with a surplus of $105.94 billion a year earlier, accord

The number of large tourist groups from China to South Korea is expected to drop, a local tourism agency said Friday, amid growing diplomatic tension over Seoul's plan to deploy a U.S. missile defense system.According to the state-run Korea Tourism Organization (KTO), the number of Chinese visit

South Korea's antitrust watchdog will make public a set of data on price comparison regarding price-fixing cases to help customers take legal action, government officials said Friday.The information contains data on prices before and after suspected companies engage in price collusion collected

South Korean football chief Chung Mong-gyu will compete with three other candidates for a seat on FIFA's main decision-making body.The Asian Football Confederation (AFC) released a statement on Friday that Chung, who heads the Korea Football Association (KFA), is one of the four male candidates

A growing number of South Koreans are seeking help from the state financial watchdog for damages caused by loan sharks amid a prolonged economic slump, official data showed Friday.A total of 2,306 relevant cases were reported to the Financial Supervisory Service (FSS) last year, up 89 percent from a