Kojo Choi, CEO of PaySwitch, an alternative payment service company based in Ghana, has been put in spotlight as he helped send a Ghanaian athleteto South Korea to attend PyeongChang Winter Olympics. Kojo donated US$23,000 to Akwasi Frimpong who was the only African skeleton racer who attended the W

Little did they know that they will become life-long business partners, when Jongsun and Nathaniel agreed to move into a same flat on an online community of INSEAD MBA admitted students. They were young, bright, healthy business majors who after 3-4 years of work experience were just admitted to one

Trade, Industry and Energy Minister Paik Un-gyu inspected South Korean firms' construction of a nuclear power plant in the United Arab Emirates (UAE), the ministry said Sunday.Korea Electric Power Corp. and other companies are constructing four reactors at the Barakah nuclear power plant under a

Dongkuk Steel Mill Co. has formed a strategic business partnership with Tokyo Steel Co. to cooperate on environmentally friendly steelmaking technologies, the company said Saturday.Each company will receive a one percent stake in the other as part of their efforts to increase competitiveness in thei

General Motors Co. has offered to extend loans maturing in February by one month without taking its South Korean plants as collateral amid ongoing talks with the South Korean government on its future operations in the country, industry sources said Friday.In a board meeting attended by seven directo

The government said Saturday that it will extend exemptions on various charges for manufacturing startups, translating into sizable benefits going forward.The Ministry of SMEs and Startups said the recent passage of the small and medium enterprise (SME) support plan through parliament will permit ne

South Korea's point man on trade will travel to the United States to find ways to handle demands for a more "balanced flow of goods" amid ongoing talks to renegotiate the allies' bilateral free trade pact, sources in Seoul said Saturday.Kim Hyun-chong will fly to Washington on Sunday as pa

General Motors Co. will decide next month whether to maintain a production capacity of 500,000 units in its plants in South Korea by allocating two new vehicles here, an executive from the U.S. carmaker said Tuesday.Following a meeting with South Korean lawmakers at the National Assembly in Seoul, G

South Korean airlines reduced greenhouse gas emissions by 450,000 tons last year by adding more fuel-efficient planes to their fleets, the transport ministry said Tuesday.Korean passenger and cargo carriers have voluntarily participated in a campaign to cut greenhouse gas emissions since 2010. They

Hyosung is improving its corporate governance with a transparent management committee formed in September last year changing the representative members of its recommendation committee to include non-executive director candidates. This followed Chairman Cho’s call to work on transparent management pl

Chairman Cho says the person he admires most is his grandfather and Hyosung Group founder Cho Hong-je. Paying tribute to his grandfather’s insight into the future, he mentioned that his grandfather always taught him to grow as an executive by becoming ”a citizen of the world.” Cho Hong-je often talk

DigiCAP CEO & President Han Seung-woo (Pete Han) said that he is certain that Korean-made UHD broadcast equipment will make a splash in the U.S. broadcast market. He said that Korean UHD broadcast equipment manufacturers have secured entry into the U.S. market following Korea’s world-first UHB broad

Hyundai Motor Co.'s Tucson small SUV was the carmaker's best-selling vehicle on the global market last month, outpacing the Elantra compact, data showed Monday.In January, Hyundai Motor sold 51,784 Tucson crossovers, exceeding the Elantra's 48,670, according to South Korea's largest

Samsung Engineering Co., a construction unit of Samsung Group, has signed a deal to build a US$1.03 billion refinery plant in Oman by early 2022, the company said Monday.On Thursday, Samsung Engineering signed a deal with Duqm Refinery and Petrochemical Industries Co. LLC. (DRPIC) to build a 230,000

Four out of South Korea's top-10 listed firms on the main bourse are newcomers, the country's main stock exchange operator said Sunday.According to the Korea Exchange (KRX), the four that joined the top rank last year include bio-pharmaceutical firm Celltrion Inc. and Samsung Biologics.Cellt

SEOUL, Feb. 16 (Yonhap) -- South Korea's six budget carriers reported a combined operating income of 278.3 billion won (US$257.9 million) in 2017, up nearly twofold from the previous year, industry data showed Friday.The strong figure was achieved as local low cost carriers (LCCs) have diversifi

Sales of foreign cars with price tags exceeding 100 million won (US$92,600) reached record high levels in 2017, industry data showed Friday.New vehicle registration of luxury cars with the hefty retail price hit 23,821 units for the whole of last year, the Korea Automobile Importers and Distributors

South Korean bio firm Greencross Medical Science Corp. (GCMS) said Wednesday that it has signed an agreement to export its blood pack manufacturing technology to Indonesia-based PT. Mitra Global Hanindo.Under the contract worth 40 billion won (US$37 million), GCMS will supply 6.1 billion won of comp

GM Korea Co. management and its union on Wednesday gave very different reasons for the company's decision to close down a vehicle production plant in South Korea, setting the stage for clashes in the coming months.On Tuesday, the South Korean unit of General Motors Co., said it will shut down on

A visit to South Korea's heavily fortified Demilitarized Zone (DMZ) was picked as the most popular tour destination among foreign visitors, a study showed Wednesday.According to the study by the Korea Tourism Organization, a half-day visit to the DMZ area was the most popular tour picked by fore