GM Korea Co., the South Korean unit of General Motors Co., on Dec. 13, 2018 launched its new Camaro SS in the domestic market to diversify its product lineup.The upgraded version of the sixth-generation Chevrolet muscle car comes with a 6.2-liter V8 engine and the Hydra-Matic 10-speed automatic tran
South Korea's jobless rate rose slightly in November, government data showed on Dec. 12, 2018, amid the government's efforts to create more jobs.The unemployment rate stood at 3.2 percent last month, up 0.1 percentage point from a year earlier, according to the report compiled by Statistics
Samsung Electronics Co. ranked first among major businesses around the globe in terms of spending on research and development (R&D) for the 2017 financial year, a report showed on Dec. 12, 2018.According to the 2018 EU Industrial R&D Investment Scoreboard released by the European Commission, the Sou
Hyundai Motor Co. said on Dec. 12, 2018 it has named its high-end vehicle developer Albert Biermann as the head of the Korean carmaker's research and development division.In January, Hyundai Motor promoted Biermann to the post of president in a move to underscore its focus on developing high-end
South Korea's bourse operator on Dec. 10, 2018 decided that Samsung BioLogics Co. is qualified to continue to be listed on the local stock market despite being cited for accounting fraud.The Corporate Review Committee under the Korea Exchange (KRX) made the ruling, paving the way for its share t
POSCO Daewoo Corp. said on Dec. 10, 2018 that it will conduct exploration drilling at an offshore well in Myanmar.The South Korean trading company said in a regulatory filing that it has secured the right to drill at the A-3 well in the first quarter of 2020. It said 105.3 billion won (US$93.3 milli
A growing number of South Koreans shopping at overseas online malls are picking Chinese sites, a tally from a credit card firm indicated on Dec. 11, 2018.Purchase records from Nov. 1-26, compiled by the big data center at Shinhan Card, showed a 9.8 percent increase from last year in the monetary tot
Samsung Electronics Co. sold more than 110,000 units of its convertible laptop, Pen, up till last month after the device was released in the local market in December 2017, industry sources said on Dec. 11, 2018.Considering the popularity, the South Korean tech giant is expected to sell 120,000 units
LG Electronics Inc. said on Dec. 10, 2018 it has installed a large digital signage at the largest shopping mall in Delhi in the latest move to promote its organic light-emitting diode (OLED) displays.The new signage, built at Ambience Mall, located in the capital city, utilizes a whopping 63 units o
Makers of e-cigarettes are employing an active marketing strategy, reaching out directly to consumers, industry officials said on Dec. 10, 2018.KT&G, Philip Morris Korea and British American Tobacco (BAT) Korea have all set up departments to exclusively promote sales of their e-cigarettes and are in
Daewoo Shipbuilding & Marine Engineering Co., one of the largest shipbuilders in the world, said on Dec. 10, 2018 it has received an order to build a liquefied natural gas ship for a Greek company.Daewoo Shipbuilding will build an LNG carrier for Maran Gas Maritime Inc., the gas shipping unit of Ang
Samsung Electronics Co. is set to hold its biannual global strategy meeting next week, with the industry setting eyes on a possible participation by Vice Chairman Lee Jae-yong.The South Korean tech giant's device solution, IT and mobile, and consumer electronics divisions are set to hold separat
SEOUL, Dec. 6 (Yonhap) -- Lotte Duty Free, one of South Korea's top duty-free operators, said Thursday it has tapped K-pop boy band BTS as its model for another year.The six-member K-pop boy band, which has served as the store's model since last October, will remain as the company's face
LG Display Co. said Friday that OLED TVs have emerged as a huge electronics business in Japan, claiming the country's market holds a bright future and that it is home to major clients.During the 28th Fintech Japan held in Chiba, near Tokyo, LG Display claimed that Japan is one of the world's
SEOUL, Dec. 7 (Yonhap) -- LG Electronics Inc.'s 65-inch OLED TV was named the best OLED TV of 2018, U.S. industry tracker Consumer Reports said Friday.According to the research conducted by Consumer Reports, LG's 65-inch TV with a model number of OLED65B8PUA received the top mark among OLED
SEOUL, Dec. 7 (Yonhap) -- Rolls-Royce Motor Cars, the luxury car brand under the BMW Group, said Friday its vehicle sales have exceeded 100 this year in South Korea.Rolls-Royce began to sell its vehicles in Korea 15 years ago. Its current lineup includes the Phantom, Ghost, Wraith, Dawn and Cullinan
Freight processing at South Korea's largest port, Busan, continued to increase in November, reaching past this year's target to possibly set a record, operators said on Dec. 6, 2018.The latest data showed the port in the country's southeast processed 1.87 million twenty-foot-equivalent u
Samsung Electronics Co. said on Dec. 6, 2018 it has decided to promote Kim Ki-nam, who currently serves as the president and CEO of the crucial device solution division, to vice chairman, as the chip business continued to post record-breaking performances throughout 2018. The South Ko
Lotte New York Palace was named one of the 20 best places to celebrate the year-end holidays by Forbes, the hotelier said on Dec. 6, 2018. The list, drawn up by Forbes Travel Guide, cites the four-star hotel as offering "magic in style." It was put on par with other select hotels, includin
South Korea's panel maker LG Display Co. said on Dec. 6, 2018 it has raised 20 billion yuan (US$2.91 billion) in syndicated loans with Chinese banks to finance its local affiliate, LG Display High-Tech Co.The display maker said the deal was reached with China Construction Bank, the Bank of Commu