Samsung Electronics Vice Chairman Lee Jae-yong will head to Vietnam this week on a business trip aimed at checking Samsung's key smartphone production lines amid a decline in its global market share, industry sources said on Oct. 28, 2018.Lee is scheduled to leave on Oct. 25, 2018 and stop at Ha
The number of foreigners on South Korea's corporate board of directors accounts for 1.4 percent of the total, a decline from three years ago as their biggest employer Samsung cut back on such hirings, data showed on Oct. 29, 2018.An analysis by the market researcher Korea CXO Institute counted 9
The Supreme Court on Oct. 29, 2018 finalized an 18-month prison term for a former head of the now-defunct Hanjin Shipping Co. for selling off her family's stake in the firm using insider information.Choi Eun-young, 56, was convicted in December last year of unloading the stakes held by her and h
Insanga, a bamboo salt-specialized manufacturing company, was listed on the KOSDAQ market on Sept. 11, after 31 years since it started its business. In a press conference on its history of KOSDAQ listing and growth held on Sept. 20, President Kim Yoon-se of Insanga, a local company in
True to form the latest Michelin Guide Seoul recommends the best places to eat in South Korea's capital city with posh five-star hotel restaurants to small noodle places being lauded for their culinary excellence and service. Its third edition, which once again demonstrated its love for local cu
LG Electronics Inc.'s organic light-emitting diode (OLED) TV was named one of the best products of the year in a research carried out by Forbes and Rthings.com, a report showed on Oct. 26, 2018. The LG OLED TV B8, available in 55 and 65 inches, received the highest score among 34 products survey
South Korea's top portal operator Naver Corp. saw its third-quarter net profit decrease 68.3 percent on-year. Net profit came to 68.4 billion won (US$60.3 million) in the July-September period, down from 215.8 billion won posted a year earlier, Naver said in a regulatory filing. Operatin
The number of foreigners who visited South Korea rose 18.5 percent in September from a year earlier due to a base effect after visits by Chinese tourists plunged in 2017, the local tourism promotion agency said on Oct. 23, 2018. A total of 1.27 million foreigners visited South Korea last month, up f
The settlement process to resolve the dispute between Samsung Electronics Co. and its former employees suffering from work-related illnesses is behind schedule, industry sources said Wednesday, apparently as their mediation committee is still contemplating details on compensation. In July, South Kor
South Korea's industry ministry on Oct. 24, 2018 helped kick off the Korea Electronics Show (KES) 2018 for a four-day run, with more than 700 firms to show off their latest products and solutions. The ministry said that at this year's event, which centers on the fourth industrial revolution,
South Korea's government said Wednesday that it will provide more financial assistance and tax incentives to boost sluggish facility investment, accelerate deregulation, stimulate innovation-led growth and create jobs. The finance ministry said the current slump in the job market and facility in
BMW Group Korea will voluntarily recall nearly 66,000 BMW and MINI vehicles to repair faulty parts, the transport ministry said on Oct. 23, 2018. The German carmaker's recall plan will start Nov. 26, with a total of 65,763 vehicles encompassing 52 different models to be checked by mechanics, the
A majority of South Korean companies operating in China are less optimistic about business conditions in the fourth-quarter of this year, as the Chinese economy is cooling amid a trade spat with the United States, a survey showed on Oct. 21, 2018. According to the survey of 218 manufacturers, conduc
The South Korean city of Incheon said Sunday it will consider retrieving land that it offered to General Motors Co.'s local unit for use as a test track as the company pushes ahead with a plan to spin off its research division. GM Korea's shareholders approved the split plan on Oct. 19, 2018
Samsung Medison, a health care instrument manufacturer under Samsung Electronics Co., on Monday unveiled a new premium ultrasound system, HERA W10, which delivers improved image quality for more accurate diagnoses of patients. Samsung said HERA W10, which stands for Hyper-aperture Enhanced Reconstru
South Korean medical device manufacturer Hans Biomed Corp. said on Oct. 18, 2018 it plans to enter the global market with the country's first indigenous silicone gel-filled breast implants for women. Bella Gel -- first developed in 2008 for breast augmentation and reconstruction -- was approved
Samsung Electronics Co. on Oct. 19, 2018 said it has opened a new artificial intelligence (AI) research center in Montreal, which marks the seventh of its kind around the globe. "The opening of the AI center in Montreal will allow Samsung to expand its outpost for industry collaboration and talent
The number of TV ads for alcoholic beverages and private lenders dropped last year from the year before, records from the communications watchdog showed Friday, apparently as the ads were more broadly distributed to other outlets, such as mobile platforms. Some 19,158 alcohol-related commercials air
A South Korean court on Wednesday rejected an injunction against a shareholders' meeting of GM Korea Co. set for later this week, a move that could allow the local unit of General Motors Co. to establish a separate R&D entity. GM Korea is set to hold the shareholders' meeting on Oct. 19, 201
Samsung Electronics Co. said on Oct. 17, 2018 it will support 500 startups over the next five years in response to the government's call to bolster the national economy and create more jobs. The project comes as a follow-up of Samsung Electronics' announcement made in August, when it vowed t