General Motors Co. Vice President Barry Engle recently flew to South Korea to underscore the necessity of a separate R&D corporation for the viability of its loss-making South Korean unit, GM Korea said Wednesday.GM Korea didn't provide details of the GM executive's schedule in Korea but con
Escalating trade tensions between the United States and China are the biggest risk that South Korea's financial system is now facing, a central bank survey showed Wednesday.According to the poll of 86 market watchers, financial officials, researchers and investors conducted by the Bank of Korea
South Korea's imported vehicle sales rose 0.5 percent in November from a year earlier on high demand for new models, industry data showed on Dec. 5, 2018.The total number of newly registered foreign vehicles climbed to 22,387 last month from 22,266 a year ago, the Korea Automobile Importers and
Shilla Duty Free, the operator of duty-free shop owned by Hotel Shilla Co., said on Dec. 5, 2018 that it has got an extension to sell duty-free liquor and beauty products at Singapore's Changi Airport.Changi Airport Group said earlier it would extend its duty-free liquor and beauty concessions,
Hyundai Motor Co., South Korea's largest carmaker by sales, said Friday it received orders for about 3,500 flagship Palisade sport-utility vehicles (SUV) on the first day of preorders.The carmaker said it began to take preorders on Thursday and preorders will be taken until Dec. 10.
LG Group Chairman Koo Kwang-mo, who inherited an 8.8 percent stake in LG Group's holding firm from his late father earlier this month, paid his first installment of the inheritance tax, the company said Friday.According to the holding firm, Koo and his sisters are set to pay taxes totaling 921.5
South Korea has asked Turkey to provide compensation for the European nation's provisional safeguard measures on polyethylene terephthalate (PET) imports, Seoul's trade ministry said Saturday.The Ministry of Trade, Industry and Energy said that it met with its Turkish counterpart in Ankara,
Celebrating outstanding achievements of some historical and current figures in Korea, including King Sejong and the top singer Cho Yong-pil, Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO) recently issued their commemoration gold and silver medals. In early
SK Innovation Co., South Korea's top energy-chemical business, said on Nov. 26, 2018 that it will invest 1.14 trillion won (US$1.01 billion) to build an electric vehicle (EV) battery plant in the United States.The company said it has decided to construct the 9.8 gigawatt-hour capacity battery pl
South Korea's finance minister said on Nov. 27, 2018 that the most important thing to people is their quality of life, adding that the country is focusing on boosting job creation and narrowing income inequality."The growing public interest in these statistics can be attributed to the current u
Samsung Electronics Co. showcased a new front-load dryer with a 16-kilogram capacity on Nov. 27, 2018 to meet the market's demand for products that can handle larger amounts of laundry.The South Korean tech giant showcased the 16-kg edition of the Grande Dryer, which is an upgrade of the 14-kg m
Hankook Tire Co., the world's seventh-biggest tiremaker by sales, said on Nov. 27, 2018 it will exclusively supply tires to the Formula 4 United States Championship and the F3 Americas Championship for three years.In a deal with SCCA Pro Racing, the sanctioning body behind the two championships,
Hyundai Motor Co. on Nov. 27, 2018 launched the G90 sedan under the independent Genesis brand in South Korea, with a plan to introduce the flagship model in overseas markets next year.The G90, the facelifted version of the EQ900, comes with a 3.3-liter gasoline turbocharged engine, a 3.8-liter gasol
SK Engineering & Construction and California-based Bloom Energy signed an agreement by which the Korean firm will distribute Bloom Energy Serve solid oxide fuel cell systems in Korea. The signing was made at Bloom Energy Corporate Headquarters in Sunnyvale, California, on November 19. Attending the
Are you still facing the situations when you device’s battery dies at the moments when you need it the most? Now you can forget about such situation.The number of electronic devices that people use in their daily life is continuously growing. However, it becomes increasingly difficult for people to
LG Electronics Inc. said on Nov. 22, 2018 it will directly hire 3,900 staff members from its service centers, responding to the South Korean government's push to create more stable jobs.The South Korean tech giant said it will hire workers from 130 service centers across the country to regular p
Kia Motors Corp.'s K3 GT sedan showed off its impressive characteristics at a media test-drive event held on Nov. 22, 2018 near Seoul.During a 160 kilometer drive that took two hours from Paju to Namyangju, north of Seoul, the K3 GT with a peppy 1.6-liter turbocharged engine proved that accelera
South Korean automotive conglomerate Hyundai Motor Group said on Nov. 22, 2018 it is moving to list its information and communications technology (ICT) affiliate on the local stock market in a bid beef up its overall competitiveness going forward.The business group said it submitted an application f
Air Busan Co., one of South Korea's six low-cost carriers, said on Nov. 23, 2018 that it will list its shares on the country's main stock exchange in late December.The budget carrier obtained preliminary approval from the Korea Exchange for the initial public offering (IPO) on Nov. 22, 2018.
Samsung Electronics Co. made a formal apology on Nov. 23, 2018 to all victims of work-related diseases who were employed at the company's chip and display production lines, settling the long-standing dispute that lasted for more than a decade.Samsung Electronics President and CEO Kim Ki-nam, who