Employees at South Korea's top mobile carrier SK Telecom Co. are the highest paid in the industry here, data showed Saturday. According to a regulatory filing, the average annual pay of employees at SK Telecom came to 102 million won (US$91,193) last year. The figure exceeds the 76 milli

South Korea's exports rose for the fifth straight month in March on the back of brisk sales of chips, displays and cosmetics, the trade ministry said Saturday.Outbound shipments came to a more-than-two-year high of US$48.9 billion last month, up 13.7 percent from $43 billion tallied a year earli

Korean Air Lines Co. and Delta Air Lines on Wednesday agreed to set up a joint venture on trans-Pacific routes in an expanded partnership to enhance customer convenience.The companies said in a joint statement that the initial agreement reached near Incheon International Airport in South Korea will

South Korea's industry ministry said Sunday it will launch a program to lend rare minerals to key businesses, including chipmakers, in case of unexpected supply shortages.The Ministry of Trade, Industry and Energy said it has completed securing reserves of around 10 kinds of rare minerals, inclu

Samsung Electronics Co., which plans to showcase its new flagship smartphones next week, is going all out to come up with marketing strategies to best promote its cutting edge device, industry sources said Saturday. The South Korean tech giant, which suspended the production of the Ga

South Korea's stock market operator said Monday that it has agreed with its Taiwanese index and information services provider to launch two cross-border indices later this year.Korea Exchange (KRX) said it is set to co-compile the IT Sector Index and the Dividend Theme Index with Taiwan Index Pl

Hyundai Heavy Industries Co., a leading global shipyard, said Sunday that it secured an order to build four tankers that run on liquefied natural gas (LNG).The four vessels ordered by state-run Russian shipping company Sovcomflot will displace 114,000 deadweight tons each and be highly eco-friendly,

SK Engineering & Construction (SK E&C) has teamed up with a Turkish firm for a multi-billion-dollar project to build and operate new power plants in Iraq, the South Korean firm said Saturday.Officials from the South Korean builder said the company has successfully purchased a 30 percent stake in UNI

“We have been a leading manufacturer in the domestic orthopedics and neurosurgery implants field since our inception in 2005,” said Seohancare President & CEO Kim Kyung-hak. “Our products have been utilized for many surgical procedures,” he added. Seohancare participated in “2014 Euro

Japanese restaurant Sushi Cho at The Westin Chosun Seoul will invitechefYonemura, the owner of one-star Michelin restaurantYonemuraand his team to host its second Chef Yonemura’s Gala Dinner on Friday, March17& Saturday, March 18. The Chef Yonemura’s Gala Dinner features two dinner options: 8-course

Falling crude oil prices will likely boost petroleum and petrochemical products consumption in emerging economies that will benefit South Korea's refiners, industry sources said Wednesday.Benchmark West Texas Intermediate (WTI) ended at US$49.28 per barrel as of March 9, industry data showed.It

South Korea's jobless rate rose to an over seven-year high in February amid increased youth unemployment, government data showed Wednesday.The unemployment rate in Asia's fourth-largest economy stood at 5 percent last month, edging up 0.1 percentage point from the same month last year, accor

South Korean tech behemoth Samsung Electronics Co.'s display and semiconductor (DS) division will sharply increase its employment of new employees in the first half to meet growing demand for its products, officials said Wednesday.Samsung's DS division, which is in charge of producing displa

A majority of businesses in the content, tourism and retail sectors said they are suffering from the ongoing spat between South Korea and China over the deployment of a U.S. missile defense system, a survey showed Sunday.According to the survey conducted on 597 firms in those sectors by the Korea In

Hyundai Heavy Industries Co., a major shipyard here, is in talks with at least two overseas shipping firms to build a slew of very large crude carriers (VLCCs), the combined value of which may reach up to US$1 billion, industry sources said Monday.According to the sources, Hyundai Heavy is in negoti

Cash-strapped Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, is accelerating its move to sell its non-core assets to beef up its financial status amid concerns over a sharp fall in new orders, industry sources said Monday.According to the sources, Daewoo Shipbuilding

Hyundai Motor Co., South Korea's top automaker, said Sunday that it has sold over 30,000 units of the G80 midsized luxury car in the eight months since its launch here. The automaker's G80, one of its luxury Genesis brand models, made its debut in the country in June last year.

The pilot union at Korean Air Lines Co., South Korea's largest flag air carrier, said Friday they will go on a week-long strike later this month after their negotiations for a wage hike fell through.The strike will start on March 24 for a seven-day run, the pilot union said. Some 230 out of the

China's economic retaliation against South Korea over a missile defense system has battered the real estate market in this western port of Incheon, a main gateway for Chinese visitors to South Korea, industry sources said Friday.Last week, China ordered travel agencies to stop selling group tour

Renault Samsung Motors Co. is recalling more than 94,000 units of its SM6 midsize sedan sold in South Korea for a range of issues, including loose plastic covers on pedals that could cause unsafe driving, the transportation ministry said Thursday.According to the ministry, the plastic cover of the a