Woongjin Group, a midsize conglomerate in South Korea, said Thursday it has decided to resell its water purification affiliate in order to improve the group's financial health.The group said it plans to sell a 25.08 percent stake in Woongjin Coway, the nation's largest home appliance rental

South Korea's trade ministry said Friday it has started free trade negotiations with Russia in the service and investment areas in its latest efforts to diversify the country's trade portfolio and cope with growing protectionism around the globe.The announcement came around a year after the

South Korea officially announced the start of free trade agreement (FTA) negotiations with the Philippines on Monday as part of efforts to strengthen economic ties with the Southeast Asian country.During a meeting here, Trade Minister Yoo Myung-hee and her Philippine counterpart Ramon Lopez set the

General Motors Co. will shut down one of its four car assembly plants in South Korea by the end of May due to lower demand for its vehicles, the local unit of the U.S. carmaker said Tuesday.The plant to be closed is in Gunsan, 270 kilometers south of Seoul. It has been underutilized, running at 20 p

A recently completed highway will allow people living in Seoul to reach a popular tourist destination on the East Sea in less than two hours, the transport ministry said Thursday.It used to take two to three hours to reach Yangyang, 215 kilometers east of the capital city, using existing highways an

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

U.S. electric carmaker Tesla Motors is rolling up its sleeves to launch its vehicles in South Korea by opening its showrooms and receiving orders for its luxury models, market sources said Sunday.According to the sources, Tesla Korea, the local distributor of the company, sent an email to potential

Corporate mergers and acquisitions by South Korean firms dropped for the second year in a row in 2016 as local conglomerates remained reluctant to streamline their business, the antitrust watchdog said Wednesday. The value of reported M&As reached 26.3 trillion won (US$23.3 billion) in 2016, down sh

A fifth foot-and-mouth disease (FMD) case was confirmed at a cow farm in South Korea, the agriculture ministry in Sejong said Sunday, raising concerns over a nationwide spread of the animal epidemic. Some 70 cows in Boeun of North Chungcheong Province, some 180 kilometers southeast of Seoul, tested

Sales of imported beef are rising steeply in South Korea as the country has been struggling with foot-and-mouth disease and avian influenza, industry data showed Sunday.According to the data by leading retail chain E-Mart, imported beef sales rose 12 percent during the Feb. 5-9 period from a week ag

SEOUL, Jan. 30 (Yonhap) -- South Korea's air passenger traffic reached a new high in 2016 on a sharp increase in international passengers to and from the country amid expanded services of low-cost carriers (LCCs), the transportation ministry said Monday. Air passenger traffic came in at 103.9 mi

SEOUL, Jan. 28 (Yonhap) -- A corporate tracker said Friday that the number of people aged under 30 whose shareholding value surpassed 10 billion won (US$8.5 million) came to 52. Chaebul.com said the combined shareholding value of the 52 people stood at more than 1.7 trillion won. On average,

Korea United Pharm, Inc., a leading pharmaceutical company in Korea, is actively developing incrementally modified drugs. During the past decade, the company developed 5 incrementally modified drugs, and it is currently developing over 20 such drugs. Its major products include ‘Clanza CR Tab’, ‘Clav

22 August 2016, Seoul, Korea… Il Ponte, Millennium Seoul Hilton’s popular Italian trattoria, unveiled its new menu starting in the beginning of August. Long-acclaimed for its authentic Italian pizzas and homemade pastas, Il Ponte will still keep many of its most popular dishes, but also add tempting

Il Ponte, Millennium Seoul Hilton’s popular Italian trattoria, will host a tribute to the delicious and comforting trattoria cuisine during the month of August. A trattoria is an eating establishment that is less formal than a restaurant and abounds with casual, modest fare that delights the tastebu

Seasons, Millennium Seoul Hilton’s acclaimed French restaurant, is pleased to showcase delicious South American Barbecue and Grilled Steaks throughout the month of August. Taste succulently cooked cuts of meat with a French twist!The South American BBQ course menu will start with Traditional Caesar

Hyundai Steel, the first and a leading steel manufacturer in Korea, hosted the ‘H-Together We Are One,’ a themed tour program for 3 days from July 24 to July 26 for 30 disabled students and an equal number of children of its executive members and employees in Jeju Province.The tour program provided

Korea Institute of Civil Engineering and Building Technology (KICT) is a top-notch think-tank that works on construction policies and techniques for comfortable and safe land environments as well as develops technology to improve public safety and quality of life. “KICT pushes the boundaries of valu

Millennium Seoul Hilton is excited to add a beverage buffet to Caf? 395. For reasonable additional cost, Caf? 395 diners will be able to choose from a variety of drinks with an unlimited supply along with the cornucopia of food offerings available. The optional drinks package costs KW29,000, and inc

Seasons, Millennium Seoul Hilton’s acclaimed French restaurant, is pleased to announce a Bastille Day Gourmet Dinner, which will take place on Thursday July 14th, in honour of French National Day. This important French holiday commemorates the storming of the Bastille on July 14, 1789 which was a tu