Soletop Co., Ltd. is an engineering professional, dedicated to developing new technologies to build and deliver innovative products to customers. “From the beginning, we have embraced the concept of software-defined systems. Therefore, all of our self-developed systems are flexible, scalable and upg

By Sua Kim Economic reporter of The Korea Post mediaLast July, the Presidents of Korea and France met at the G20 Summit in Germany, and discussed the future defense strategy and cooperation and various other areas, including the economic, educational and scientific fields. So indicate

South Korea's coal-fired power generation increased this year as the country's new government vows to reduce its dependence on fossil fuels and nuclear power, industry data showed Monday.According to the data compiled by the Korea Power Exchange, coal-fired power generation reached 95,550 gi

Tension over North Korea's recent launch of a ballistic missile with intercontinental range will likely raise the possibility of economic and financial risks in the Asia-Pacific region, a global ratings appraiser said Sunday. "Developments in the Korean Peninsula have raised the risk of

Unionized workers at Hyundai Motor Co. on Friday voted to stage a walkout as they press for more wages and benefits, the union said Friday.Hyundai's 50,274-member union cast their votes as wage negotiations with the management are underway.In a vote held from Thursday through Friday, 33,145 memb

The head of South Korea's antitrust watchdog said Monday that he will strengthen the enforcement of fair trade laws by expanding civil actions against rule-breaking companies."I will introduce a system that will allow multiple economic players to enforce trade rules at the same time," Fair Tra

South Korea's three mobile carriers are expected to have posted modest growth in sales in the second quarter but have suffered slight falls in their operating income due to increased marketing costs, industry data showed Saturday.According to the data compiled by industry tracker FnGuide, the th

Cash-strapped Daewoo Shipbuilding & Marine Engineering Co. is expected to secure at least 800 billion won (US$692 million) in cash through additional debt-for-equity swaps, industry sources said Friday.According to the sources, Daewoo Shipbuilding is planning to start the process of swapping debts f

Hyundai-Kia Automotive Group and LG Group have been rated the best companies that encourage mutual growth with small and medium-sized firms, while many foreign firms lagged behind domestic companies, an index showed Sunday.The two conglomerates had six affiliated companies each in the win-win list,

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

A-Ha Waterproof Technology Co., Ltd, a provider of world-level waterproof technology specializing in leakage prevention, is recognized in the international communities, such as the United States and China.Since its unique ‘dry adhesive complex sheets waterproof method’, a waterproofing technology, w

“KOREEL has seen its shipments to the U.S. increasing by a whopping 1,800 percent to date since acquiring the AEO (Authorized Economic Operator) certificate from the government,” Oh Hyun-Kyu, president of KOREEL Co., Ltd., one of South Korea’s top industrial reel manufacturers, spoke in capitals in

The following are excerpts from an interview with CEO Patrick Johansson of Ecricsson-LG conducted by The Korea Post media.—Ed.Question: What are your strong points and competitive edge over you competitors in Korea and around the world?Answer: One of our core competencies is the industry's

South Korean food products rejected by Chinese customs surged amid heightened tensions surrounding the diplomatic row over the deployments of a U.S. anti-missile defense system here, official data showed Sunday.In March and April 95 shipments of food were turned back by Chinese customs, up a sharp 2

Sport utility vehicles (SUVs) accounted for four out of 10 new cars sold in South Korea in May, official data showed Sunday.According to the Korea Automobile Manufacturers Association (KAMA) crossovers accounted for 40.28 percent or 53,206 of the 132,038 vehicles registered in the country during the

SEJONG, June 24 (Yonhap) -- The nominee for the new head of the National Tax Service (NTS) said Saturday he plans to expand monitoring on possible tax evasion by foreign companies based in South Korea.Han Seung-hee said the agency was currently preparing for a new policy slated to be implemented in

South Korea's business mission will meet their U.S. counterparts to strengthen economic ties during the bilateral summit meeting set for next week, a local corporate lobby said Friday.A total of 52 business leaders who represent 10 conglomerates and 37 small and medium-sized companies will atten

Korea Electric Power Corporation (KEPCO) launched on June 15, 2017 initial pressurization and trial operation of a 28MW solar photovoltaic power plant in Chitose, Hokkaido, Japan. This is KEPCO’s first solar photovoltaic power plant combined with energy storage system (ESS) built overseas, generatin

Hyundai Motor, a global leading automaker, supported the Second Annual Conference of the Asian Infrastructure Investment Bank (AIIB) recently held in the resort island of Jeju by providing 110 transport vehicles.Prior to the annual meeting of the AIIB board of governors held on June 16~18, 2017 at t

The U.S. government has said it launched a safeguard probe of foreign washers, mostly made by South Korean companies, to determine whether they hurt the U.S. industry.The 120-day investigation was instituted by the International Trade Commission (ITC) as of June 5 at the request of Whirlpool Corp.,