A senior official of Samsung Electronics' after-services unit was arrested Tuesday over a suspected leading role in sabotaging its labor union, prosecutors said.Choi Pyeong-seok, the executive of Samsung Electronics Service in charge of the human resources division, was taken into custody after
South Korea eased its dependence on the Middle East and Southeast Asia for imports of liquefied natural gas (LNG) in 2017 as it sharply increased purchases from the United States and Australia, data showed Monday.South Korea, Asia's fourth-biggest economy, is one of the largest consumers of natu
South Korea's No. 2 tech giant, LG Electronics Inc., on Friday started perorders for its latest smartphones in the home market, with local mobile carriers providing discounts of up to 247,000 won (US$231) depending on monthly subscription plans.The company started preorders for the LG G7 ThinQ a
Lotte Shopping Co., the retail unit of South Korea's fifth-largest conglomerate, Lotte, said Friday it swung to the red in the first quarter from a year earlier as the company moves to withdraw from the Chinese market.It suffered a net loss of 9.9 billion won (US$9.25 million) on a consolidated
Natural Resources Canada on Friday announced winners for the 2018 ENERGY STAR Canada Awards, with Samsung Electronics named as one of leading manufacturers in terms of providing energy-efficient products to the North American market.The Canadian energy ministry said the South Korean tech company bec
The South Korean government and General Motors Co. agreed to provide a total of US$7.15 billion in fresh investment for the U.S. carmaker's struggling local unit, officials said Thursday.Under the agreement, GM will convert $2.8 billion owed by GM Korea Co. into shares and extend loans worth $3.
Hanwha Q Cells, a leading global solar company constantly exploring new approaches and technologies, is now focusing on small solar power generation facilities. “While large-scale solar energy projects are important, there is no denying that the world is now experiencing a boom of small solar energy
South Korea's telecom watchdog said Wednesday it released a new service that locks smartphones when the device detects the user walking more than five steps in a bid to prevent accidents and keep pedestrians focused on their surroundings.The Korea Communications Commission said it will update th
The South Korean economy is on a firm growth trajectory under the Moon Jae-in government, but a dire job market situation, coupled with controversy over the effects of a raft of new economic policies, is posing daunting challenges for the liberal government that took office a year ago.South Korea
South Korea needs more attention to avoid U.S. anti-dumping moves as the bulk of its exports to the world's No. 1 economy overlaps with already regulated Chinese goods, a report said Tuesday.According to the report by the Korea International Trade Association (KITA), 90 percent of South Korean e
Hyundai Motor Co. and its affiliate Kia Motors Corp. are on track to achieve their sales target of 7.55 million vehicles this year as they are expected to post nearly 10 percent on-year sales growth in the second quarter, company officials said Monday.As their sales have been on a recovery path in C
Police began a formal probe Friday into the allegations that the wife of Hanjin Group Chairman Cho Yang-ho bullied workers several years ago.Lee Myung-hee, 69, is accused of assaulting or abusing several workers at a hotel construction site in 2014.Police launched the investigation into the case aft
The transaction volume of Samsung Electronics Co. among retail investors jumped nearly six times as the tech giant's stock split lowered the entry bar, the bourse operator said Sunday.The amount of Samsung Electronics shares traded by individual investors on Friday -- after a three-day hiatus to
South Korea's credit default risk has hit a yearly low amid rising hope for reconciliation between the two Koreas after Seoul and Pyongyang successfully held a summit last month, data showed Saturday.The credit default swap (CDS) premium for South Korean foreign exchange stabilization bonds with
South Korea's major biopharmaceutical firm, Samsung BioLogics Co., saw its market capitalization plunge this week over alleged accounting violations, market data showed Saturday.The share price of the firm nosedived 26.3 percent over the previous three trade sessions, losing a whopping 8.5 trill
Saudi Arabia's energy minister Khalid Al Falih said on Friday that he is "optimistic" about South Korea's chance of being included in the shortlist for a nuclear project in the Middle Eastern nation.Al Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, made the rema
Finance chiefs from South Korea, China and Japan on Friday warned against growing protectionism trends and stressed the importance of promoting an open and rule-based trade framework."We stressed the importance of resisting all forms of protectionism, ensuring an open and rule-based multilateral tr
By Vice Chairman Choe Nam-suk of The Korea Post mediaChairman Grahanm Dodds of Australian Chamber of Commerce and Industry in Seoul said that Australia is highly regarded across several of the emerging technology areas and, in particular, with research and development.Speaking at a recent interview
Exports of some South Korean steel products to the United States are impossible this year as they have already filled yearly U.S. import quotas, Seoul's commerce ministry said Friday.The U.S. Customs and Border Protection (CBP) has recently disclosed a set of detailed customs clearance procedure
Bae Min-ji's ordinary day begins by boiling tap water to drink. The 29-year-old takes a shower using just a single bar of soap and brushes her teeth with a powdered toothpaste.With a tumbler, small cloth bags, a spoon and chopsticks, she is ready to leave the house and live another plastic-free