South Korea's online sales continued their upbeat mode to reach a fresh record high in March amid recovering consumer sentiment, government data showed Thursday.Total online transactions reached 6.33 trillion won (US$5.58 billion) in March, up 21.3 percent from 5.22 trillion won tallied a year e

Strong sales of premium products allowed LG Electronics to beat out its main rival Samsung Electronics in the first-quarter TV market earnings race, data showed Wednesday. According to LG, its Home Entertainment (HE) division, which focuses on TVs, posted a record-high operating profit of 382.2 bill

South Korea's corporate watchdog said Wednesday that it has slapped a combined 2.2 billion won (US$1.94 million) in fines on six local department stores for abusing their power to control their subcontractors. The companies -- Shinsegae Department Store, Lotte Department Store, Hyundai Departmen

South Korea's exports continued to rise in April, extending their winning streak to six months, on the back of brisk overseas sales of ships and chips, the trade ministry said Monday.Outbound shipments came to US$51 billion last month, up a nearly seven-year high of 24.2 percent from $41.1 billi

The duty-free units of Lotte Group and Hotel Shilla Co. have won licenses for the new duty-free stores at the new Incheon airport terminal due to open later in the year, the customs authority said Saturday.Lotte Duty Free and Shilla Duty Free tendered their preliminary bids late last month for two s

The amount of fruit imported by South Korea reached record high levels last year on growing demand for dietary diversity, customs data showed Saturday. A total of 863,663 tons of fruit were imported in 2016, up 4.2 percent from a year earlier, according to the data compiled by the Korea Customs Serv

South Korea's industrial output rebounded to rise 1 percent last month from a month earlier on a rise in the production of automobiles and electronics parts, government data showed Friday.Production in the mining, manufacturing, gas and electricity industries rose 1 percent on-month in March, tu

In October 2016 the leading scientific journal Nature published the most complete and up-to-date map of human genome based on Korean individual ‘AK1’. Korean research team that sequenced the genome and published the study ‘De novo assembly and phasing of a Korean human genome’ was led by Prof. Seo J

Seoul Dairy Cooperative, one of the best quality dairy products manufacturer in Korea, broke ground in April 2017 for constructing the world’s largest comprehensive milk processing plant in Yangju, Gyeonggi-do Province in total floor space of over 62,000 square meters. With capacity of producing up

Established in November 2016 in Daegu by Korea Conformity Laboratories (KCL), Safety Convergence Technology Center provides global standard test and certification services in areas of physical security and safety by installing test equipments for evaluating performance of products in these areas, in

Millennium Seoul Hilton’s Delicatessen Cilantro Deli, is hosting a mango buffet every Saturday and Sunday starting March 4th. There are two seating: the first seating is from 2:30 to 4:30pm and the second seating is from 5 to 7pm (2 seatings) in partnership with Teseum, the Teddy Bear Museum theme p

A continuing supply shortage of the latest smartphone made by Samsung Electronics Co. is leaving many of the early buyers in South Korea without a new phone in their hands, as the tech giant has failed to predict demand and ready stock in time, industry sources said Saturday. Samsung began t

Troubled Daewoo Shipbuilding & Marine Engineering Co. has to implement bold self-restructuring efforts and win more shipbuilding deals at reasonable prices in order to stand on its own feet, as its creditors are set to inject another batch of cash into the shipyard soon, analysts said Saturday.Holde

South Korea's exports of cosmetics continued their upside mode in the first three months of the year on strong global demand, the latest customs data showed Thursday.Outbound shipments of South Korea-made beauty products were valued at US$935 million in the January-March period, up 32.1 percent

Chinese online shoppers' direct purchases from South Korea have not waned despite Beijing's economic retaliations against Seoul, the latest statistics showed Thursday.According to the Beijing office of the Korea Trade-Investment Promotion Agency (KOTRA), South Korean products accounted for 1

South Korea's advertising market reached 14.7 trillion won (US$12.95 billion) last year, with more than 70 percent of it dominated by the top three firms, an industry study showed Monday.Last year's market size is 8.1 percentage points bigger than the previous year's 13.7 trillion won, a

Millennium Seoul Hilton’s Café 395 is pleased to re-open its outdoor terrace for guests to enjoy. Truly an oasis in the center of Seoul, Café 395’s outdoor terrace overlooks the beautiful hotel gardens while offering seating to take advantage of the glorious weather. Enjoy al fresco di

Hyundai Motor Co. sold more than 20,000 units of its Creta crossover utility vehicle overseas in March on strong local demand for subcompact CUVs, the country's top carmaker said Sunday.Hyundai currently produces the Creta subcompact front-wheel-drive crossover at its plants in India, Russia and

South Korean cosmetics makers are heading for dim first-quarter earnings, caused by China's boycott of products made by local companies in the wake of a diplomatic standoff over the deployment of a U.S. missile defense system, analysts said Sunday.Industry leader AmorePacific Corp. is forecast t

South Korea's sales of sugar by retailers plunged nearly 40 percent in 2016 from three years earlier, data showed Saturday, amid local health authorities' efforts to promote healthier eating.According to the data compiled by the Food Information Statistics System, the combined amount of suga