South Korean steelmaker POSCO said Monday its steel plant in Indonesia turned a profit after four years of operation, with accumulated sales exceeding 10 million tons.PT Krakatau POSCO, an integrated steel mill jointly set up by POSCO and Indonesia's state-run steel firm Krakatau Steel, shifted

The global chip market is anticipated to grow at a slower pace in the coming years through 2022, data showed Sunday, signaling the end of the unprecedented boom period.According to the data compiled by IC Insights, the global chip market is expected to grow 5.1 percent annually over the 2017-2022 pe

South Korea's top automaker Hyundai Motor Co. said Sunday the company aims to revitalize its sales in the United States by releasing eight new sports utility vehicle by 2020."(The company's) sales in the U.S. has been falling for the fifth consecutive years, as we failed to cope with market

South Korea's transport ministry and Incheon International Airport Corp. (IIAC) held an event on Friday to celebrate the opening of a second passenger terminal at Incheon International Airport.The second terminal at the Incheon airport begins commercial operations on Jan. 18, with Korean Air Lin

New products from South Korea's Samsung and LG received rave reviews from multiple foreign media after their showcase at the Consumer Electronics Show under way here Thursday.Samsung Electronics' "The Wall," the first MicroLED TV, and the rollable display from LG Display stood out the most

Volvo Trucks Korea accounted for nearly 40 percent of South Korea's imported commercial vehicle market last year, data showed Wednesday.The Swedish commercial automaker sold a total of 1,743 trucks, equal to 39 percent of the market, according to data compiled by the Korea Automobile Importers &

A consumer activist group said Wednesday it will file for a compensation suit with a Seoul court this week against Apple Inc. and its local headquarters for a reward of 2.2 million won (US$2,056) per plaintiff.The Citizens United for Consumer Sovereignty (CUCS) is expected to file the suit with the

South Korean tech giant Samsung Electronics Co. said Tuesday its fourth-quarter operating profit is expected to jump 63.8 percent on-year and is poised to set another record, apparently pushed up by the global boom in the chip industry.Operating profit was estimated at 15.1 trillion won (US$14.1 bil

South Korean tech giant Samsung Electronics Co. said Tuesday its fourth-quarter operating profit is expected to jump 63.8 percent on-year and is poised to set another record, apparently pushed up by the global boom in the chip industry.Operating profit was estimated at 15.1 trillion won (US$14.1 bil

South Korea's increase of the minimum wage will boost private spending, which in turn can help Asia's fourth-largest economy break from its low growth trend, a senior government official said Friday.In July last year, the country decided to raise its minimum wage by 16 percent to 7,530 won (

Celltrion Inc., a South Korean pharmaceutical firm currently listed on the tech-heavy KOSDAQ market but that aims to jump to the main bourse in the near future, saw its market capitalization reach closer to that of Hyundai Motor Co. this week, data showed Saturday.On Friday, Celltrion closed at 266,

Samsung Electronics Co. said Friday its executives recently purchased company shares, which is seen as a gesture to express their devotion and responsibility as the leaders of the South Korean tech giant. Samsung President Kim Hyun-suk and President Koh Dong-jin, who head the consumer electr

Samsung Electronics Co. said Friday it released the mid-end Galaxy A8 smartphones in South Korea, which will gradually expand to other countries down the road, in a bid to diversify its handset portfolio.The South Korean tech giant said the 5.6-inch Galaxy A8 is available through the country's t

In an interview with The Korea Post, Guatemala Ambassador to Korea Herbert Estuardo Meneses Coronado expressed appreciation for Korean enterprises including Jinmyung Communications for their support of Guatemala’s conversion to digital TV broadcasting. He expressed the hope that Guatemala and Korea

The Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) will export a large quantity of IC chips for use in national identity (NID) cards to Iran after years of consistent marketing and technological innovation.KOMSCO signed a contract with an Iranian electronic passport and electron

The cost of dining out rose higher than the inflation rate last year, especially for foods and beverages that ordinary citizens usually enjoy, according to Statistics Korea on Thursday.The cost of eating out increased 2.4 percent in 2017 from the previous year, 0.5 percentage point higher than the i

Apple Inc. has started its battery replacement program in South Korea, officials said Wednesday, as the U.S. tech giant faces a potential lawsuit over the allegation that it intentionally slowed down older iPhones.Under the program, which began Tuesday, Apple said users of the iPhone 6 and its succe

A chicken farm in Gyeonggi Province reported a suspected case of avian influenza (AI) on Wednesday, prompting quarantine officials to impose a temporary ban on poultry transportation in the region.The farm with 197,000 laying chickens in Pocheon, 45 kilometers north of Seoul, reported that about 30

Toyota Motor Corp. on Tuesday named a sales and marketing expert as chief of its South Korean operations in a move to drive up sales further.Nobuyuki Takemura, Toyota's marketing general manager of the Middle East and North Africa division, took the helm at Toyota Motor as president and CEO on T

South Korea's air passenger traffic rose in November on strong demand for outbound trips, government data showed Monday.A total of 9.07 million passengers used international and domestic flights in November, up 9 percent from a year ago, the Ministry of Land, Infrastructure and Transportation sa