South Korean memory chip maker SK hynix Inc. will beef up efforts to enhance the semiconductor manufacturing process and cut costs in the face of tougher times ahead, its chief executive said on Mar. 22, 2019.SK hynix CEO Lee Seok-hee expected challenges for its memory chip business amid rising unce
Shareholders of Hyundai Motor Co. and Hyundai Mobis Co. on Mar. 22, 2019 backed the dividend plans of the two automotive firms and their proposed directors but rejected proposals by Elliott Management.The overwhelming support for the South Korean companies is a setback for the U.S. activist investor
South Korea's transportation ministry has urged the country's three new budget carriers to stick to their business plans or they will lose their business licenses, industry sources said on Mar. 21, 2019.Early this month, the ministry issued business licenses to Fly Gangwon, Air Premia and Ae
By Publisher Lee Kyung-sik with Reporter Ms. Son Da-som “The Korea Herald Media scored 30th in a total of 164 leading media organizations in Korea last year,” reported incumbent Executive Director Yoon Suk-hong of The Korea Herald media at the Herald ‘Old Boys Club’ meeting at the Seo
SK Innovation Co. said on Mar. 20, 2019 it has broken ground for an electric vehicle (EV) battery plant in the United States.South Korea's top energy-chemical business group said in November it will invest 1.14 trillion won (US$1.01 billion) to build the 9.8 gigawatt-hour capacity battery plant
Hyundai Mobis Co., South Korea's biggest auto parts manufacturer, has partnered with Russia's biggest technology company, Yandex NV, to jointly develop autonomous vehicles, the company said on Mar. 19, 2019. In its research and development center in Yongin, southeast of Seoul
Millennium Seoul Hilton is offering Seoul urbanites an opportunity for a spring getaway with a specially-priced room package full of great perks. The spring break package is available from March 15th through to June 30th. Spring Break Package- Deluxe room accommodations with city view- Compl
Google Inc. said Thursday that it has decided to voluntarily correct many of its terms of service after South Korea's antitrust regulator made the world's first corrective recommendation against the U.S. Internet giant. The Fair Trade Commission (FTC) said Google should inform its users indi
Hyundai Mobis Co., South Korea's biggest auto parts maker, said on Mar. 13, 2019 it has invested 5.5 billion won (US$4.9 million) in Chinese computer vision startup Beijing Deep Glint Technology Ltd. for partnership in future vehicle technologies."This marks the first time Hyundai Mobis is maki
SK Engineering & Construction Co., an affiliate of energy and telecom conglomerate SK Group, said Wednesday that, along with a Chinese construction firm, it has won a US$420 million deal to build a railway in the United Arab Emirates (UAE). A joint venture between SK Engineering and China St
Grand Hilton Seoul presents spring promotion for new and reentering members of the hotel membership program, “GRAND BLEU”.The events, which runs through June 30th is for not only new members but also renewal privileges for existing members. Dinner voucher for 1 person at the Buffet restaurant of the
The National Assembly is set to vote on several bills aimed at fighting fine dust Wednesday, as South Korea has struggled with its worst-ever particle pollution in recent days. A plenary session is scheduled to convene later in the day to deal with pending proposals, including one regarding the desi
Millennium Seoul Hilton’s Japanese restaurant, is pleased to announce a special promotion in March that features a wonderful whitefish, frog flounder. The chef is offering a special five-course menu that showcases delicious frog flounder in a nourishing hot pot.Frog flounder is a tasty variety of fl
Former President Chun Doo-hwan was set to appear in a regional court Monday for a libel trial over his memoir accused of defaming victims of his brutal crackdown on a 1980 pro-democracy uprising. Chun left his home at around 8:30 a.m. and headed to the southwestern city of Gwangju, about 330 kilomet
The government, taxi businesses and a shared mobility operator agreed Thursday to permit app-based carpooling services during morning and evening commute hours. Taxi associations have been strongly opposed to the introduction of carpooling services by Kakao Mobility, the operator of South Korea'
South Korean companies are taking measures to keep fine dust from infiltrating into certain sensitive production facilities or to reduce their own emissions amid worsening dust pollution, industry sources said on Mar. 6, 2019.Manufacturers of semiconductors, TVs and home appliances are stepping up e
South Korean oil refiners, led by SK Innovation Co., are expecting their earnings to improve down the road on the back of a rise in refining margins, industry sources said on Mar. 7, 2019.SK Innovation and other refiners, including GS-Caltex Corp. and S-Oil Corp., reported weaker-than-expected earni
Hyundai Motor Co., South Korea's top automaker, said on Mar. 6, 2019 that it is reviewing an option to suspend one of its five plants in China to counter a slump in its sales in the world's largest auto market."We are reviewing a set of measures for plant operations in China to stay competi
South Korea's government said on Mar. 5, 2019 it kicked off the International Textile Fair in Daegu jointly with municipal authorities, inviting hundreds of textile and fashion firms from around the globe.The Ministry of Trade, Industry, and Energy and the Daegu metropolitan government is hostin
Slightly over 1 in 100 executives at South Korea's top 30 conglomerates are women, data showed on Mar. 5, 2019, pointing to a high C-suite glass ceiling in Asia's fourth-largest economy.As of end-September last year, 256 units of the leading business groups had 21 female directors, a mere 1.