SEOUL, Jan. 24 (Yonhap) -- CJ CGV, South Korea's largest cinema chain, said Tuesday it will open its second U.S. theater in Buena Park, California, this week.Located on the third floor of the new The Source OC shopping center, the CGV-Buena Park will open on Friday with 1,187 seats and eight scr

SEOUL, Jan. 24 (Yonhap) -- Eggs imported from Australia via another overseas supply chain will become available to food manufacturers later this week, a local company said Tuesday, as South Korea copes with an egg shortage due to an avian influenza epidemic.Jeju Miin said it received an air shipment

SEOUL, Jan. 24 (Yonhap) -- The use of 50,000 won (US$42.85) denominated banknotes has become more widespread, replacing smaller 10,000 won bills, central bank data showed Tuesday.According to the Bank of Korea (BOK), the circulation of 10,000 won banknotes at the end of last year was 16.24 trillion

SEOUL, Jan. 24 (Yonhap) -- Popular augmented reality (AR) game "Pokemon Go" was officially released in South Korea on Tuesday, six months after becoming a global hit with millions of downloads.Users can download the Pokemon Go official application from Google Play store and Apple's App store,

SEOUL, Jan. 24 (Yonhap) -- LG Display Co., a flat panel maker, said Tuesday that it swung to the black in the fourth quarter from a year earlier, largely thanks to a rise in panel prices and a diversified product portfolio.Its net profit reached 825 billion won (US$706 million) in the October-Decemb

SEOUL, Jan. 24 (Yonhap) -- Samsung Electronics Co. said Tuesday its operating profit for the fourth quarter of 2016 jumped 50.11 percent on year, thanks to rising prices of semiconductors and display panels.Operating profit, which excludes income from subsidiaries, stood at 9.2 trillion won (US$7.89

SEOUL, Jan. 23 (Yonhap) -- SK Holdings Co., the holding firm of energy and telecom conglomerate SK Group, said Monday that it has decided to buy a controlling stake in LG Siltron Co., a local producer of wafers used in semiconductor manufacturing, for 620 billion won (US$532 million), as part of eff

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SEOUL, Jan. 23 (Yonhap) -- Embattled shipbuilder Daewoo Shipbuilding & Marine Engineering Co. plans to implement 2.5 trillion won (US$2.14 billion) worth of self-rescue measures this year, larger than last year's 1.6 trillion won, as it strives to stay afloat amid a sharp fall in new orders, com

SEOUL, Jan. 23 (Yonhap) -- Hyundai Heavy Industries Co. and its two local rivals -- Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. -- are estimated to have recovered last year from their worst-ever performance the previous year, industry sources said Monday.But their i

SEOUL, Jan. 23 (Yonhap) -- South Korea's trade has turned upward after a two-year lull, but it is likely to miss the US$1 trillion target again this year and possibly next year as well, the central bank said in its estimate Monday.The Bank of Korea (BOK) projected a trade volume of $955 billion

SEOUL, Jan. 22 (Yonhap) -- South Korea was ranked ninth on an international survey of financial literacy, the country's central bank said Sunday, a sign that Seoul should expand economic and financial education for its people.South Korea received 66.2 points out of a possible 100 on the survey,

SEOUL, Jan. 22 (Yonhap) -- South Korea's financial regulatory body on Sunday announced a set of new measures and tougher punishment to fight accounting fraud.The Financial Services Commission (FSC) cited the need for a "fundamental policy prescription" to enhance the transparency of accounting

SEOUL, Jan. 20 (Yonhap) -- South Korean conglomerate Lotte will likely relinquish its golf club in the rural town of Seongju so the land can be used for the deployment of a U.S. air missile defense system, informed sources said Friday, despite possible repercussions for its business in China.Accordi

SEOUL, Jan. 20 (Yonhap) -- KT Corp.'s chief executive, Hwang Chang-gyu, is expected to address challenges and opportunities facing the mobile industry when he speaks at next month's annual industry fair in Spain.Hwang, head of South Korea's biggest telecom services firm, will make a keyn

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. 19 (Yonhap) -- More than a quarter of the low-income group are indebted, with the amount of the debts rising with age, a welfare agency report said Thursday.A study conducted by the Korea Institute for Health and Social Affairs (KIHASA) said that as of 2014, 26.8 percent of the low-incom

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