SEOUL, Jan. 6 (Yonhap) -- A state-backed ship financing firm will be established this month with initial capital of 1 trillion won (US$845 million) to help jack up the financial status of local shipping firms, a ministry said Friday.Under the plan, the firm will be given a total of 6.5 trillion won

SEOUL, Jan. 4 (Yonhap) -- The global market share of curved televisions is forecast to peak this year before decreasing down the road, an industry tracker said Wednesday.According to the data compiled by IHS, the market share of curved TVs is set to increase from 3.7 percent in 2016 to 4.9 percent i

SEOUL, Jan. 4 (Yonhap) -- Samsung Electronics Co. said Wednesday it will update the software in South Korea to prevent owners of the Galaxy Note 7 smartphones from charging beyond 15 percent from next Monday, with about 94 percent of the devices sold at home retrieved.In a brief statement, Samsung s

(ATTN: UPDATES with additional remarks from Hyundai Motor chairman, more details in paras 5-9; ADDS photo)SEOUL, Jan. 2 (Yonhap) -- Hyundai Motor Group has set its sales target at 8.25 million cars this year, the group chairman said Monday.The annual target marks a 1.5 percent increase from the 2016

SEOUL, Jan. 2 (Yonhap) -- South Korea's petrochemicals exports are estimated to have reached an all-time high last year largely due to a rise in demand in their biggest export destination, China, and other newly emerged markets, industry data showed Monday.Exports of petrochemicals produced by S

SEOUL, Jan. 2 (Yonhap) -- A gloomy outlook for the domestic real estate market this year is spreading on fears of rate hikes and excess supply, according to market watchers Monday.An earlier government attempt to revive the local economy through a property market boom has fizzled out, leaving the co

SEOUL, Jan. 2 (Yonhap) -- Hyundai Motor Group has set its sales target at 8.25 million cars this year, the group chairman said Monday.The annual target marks a 1.5 percent increase from the 2016 target of 8.13 million.South Korea's largest automotive group has yet to release its actual sales for

(ATTN: UPDATES with more details from 4th para; ADDS photo)SEJONG, Jan. 1 (Yonhap) -- South Korea's exports fell 5.9 percent last year from a year earlier due largely to a drop in global demand and weak oil prices, government data showed Sunday.The country's exports reached US$495.5 billion

SEOUL, Jan. 1 (Yonhap) -- South Korea's top automaker Hyundai Motor Co. shipped a record-high number of cars to the European market in 2016, data showed Sunday, helped by the robust performance of the Tucson compact SUV.The carmaker sold 460,703 units in the European market over the January-Nove

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

In a bid to pioneer new markets including Southeast Asia, Korea Aerospace Industries, Ltd. (KAI) concluded a memorandum of understanding (MOU) with PT Dirgantara Indonesia (PTDI) to jointly market its helicopter ‘Surion’ in Asia, at the Indo Defense 2016 recently held in Indonesia. PTDI is a partner

SK E&C, a leading engineering and construction company in infrastructure, commercial/ residential building and plant areas, recently held a charity race of sharing happiness for youths in low-income families together with the Hope Maker as part of the Joong-Ang Seoul International Marathon game.The

Chairman Kim Kwan-yong of the Organization Committee of the Ho Chi Minh City-Gyeongju World Culture Expo 2017, concurrently governor of the Gyeongsangnam-do Province, hosted a meeting of the Central Advisory Committee of the Opinion Leaders of the Expo at the Press Center in Seoul on Nov. 2, 2016.

The following article was contributed by Hankook Tire for publication on the occasion of the opening of Hankook Techno R&D Center in Daejon, Korea.--Ed.Hankook Tire has recently held an opening ceremony of ‘Hankook Technodome’, the new central R&D center in Daejeon, Korea, as the company headways in

Dubai Airport Freezone Authority (DAFZA) recently held a series of seminars in South Korea with the Korean business community as part of its continuing initiative to facilitate trade relations among foreign business communities worldwide and further highlight its latest business developments. The se

Hyundai Motor, a world-leading automobile companybased in Korea, began in August 2016 producing ‘Creta’, a small-sized sportsutility vehicle (SUV) that gained high popularity in India, at its subsidiaryin Saint Petersburg, Hyundai Motor Manufacturing Russia (HMR). The plant isproducing a Creta in ev

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