South Korea's SK Innovation said Sunday it aims to develop a powerful electric car battery that would enable vehicles to travel 500 kilometers on a single charge by 2020.The energy and chemical business arm of SK Group said it will cope with current business trouble in China through its technolo

Hyundai Motor Co. and its affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of their latest sports utility vehicle (SUV) models, data showed Sunday.The South Korean automobile companies sold a combined 4,358 hybrid vehicl

The South Korean government said Sunday it began moving the salvaged Sewol ferry onto land early in the morning after completing the final test for the transfer operation.The Ministry of Oceans and Fisheries said the work started at 9:00 a.m., involving some 600 module transporters which will move t

Daewoo Shipbuilding and Marine Engineering has won orders from local shipping firm Hyundai Merchant Marine to build very large crude carriers (VLCCs) that would give the troubled shipbuilder contracts worth some 900 billion won (US$792.25 million), Daewoo officials said Sunday.The two companies sign

Samsung Electronics Co. predicted Friday that its first-quarter operating profit for this year advanced 48.2 percent on-year, apparently helped by the robust performance of its chip business.Operating profit is estimated at 9.9 trillion won (US$8.76 billion) in the January-March period, compared wit

The row with China over the deployment of a U.S. missile defense system hurt the latest bidding process for new duty-free shops due to open at South Korea's largest airport, industry sources said Saturday.On Thursday, four major duty-free operators -- Lotte Duty Free, Hotel Shilla, Shinsegae DF

South Korea's consumer prices shot up at the fastest clip in nearly five years in March on a sharp rise in gas prices, government data showed Tuesday.The country's consumer price index gained 2.2 percent last month from a year earlier, accelerating from the previous month's 1.9 percent r

Employees at South Korea's top mobile carrier SK Telecom Co. are the highest paid in the industry here, data showed Saturday. According to a regulatory filing, the average annual pay of employees at SK Telecom came to 102 million won (US$91,193) last year. The figure exceeds the 76 milli

South Korea's exports rose for the fifth straight month in March on the back of brisk sales of chips, displays and cosmetics, the trade ministry said Saturday.Outbound shipments came to a more-than-two-year high of US$48.9 billion last month, up 13.7 percent from $43 billion tallied a year earli

Korean Air Lines Co. and Delta Air Lines on Wednesday agreed to set up a joint venture on trans-Pacific routes in an expanded partnership to enhance customer convenience.The companies said in a joint statement that the initial agreement reached near Incheon International Airport in South Korea will

South Korea's industry ministry said Sunday it will launch a program to lend rare minerals to key businesses, including chipmakers, in case of unexpected supply shortages.The Ministry of Trade, Industry and Energy said it has completed securing reserves of around 10 kinds of rare minerals, inclu

Samsung Electronics Co., which plans to showcase its new flagship smartphones next week, is going all out to come up with marketing strategies to best promote its cutting edge device, industry sources said Saturday. The South Korean tech giant, which suspended the production of the Ga

South Korea's stock market operator said Monday that it has agreed with its Taiwanese index and information services provider to launch two cross-border indices later this year.Korea Exchange (KRX) said it is set to co-compile the IT Sector Index and the Dividend Theme Index with Taiwan Index Pl

Hyundai Heavy Industries Co., a leading global shipyard, said Sunday that it secured an order to build four tankers that run on liquefied natural gas (LNG).The four vessels ordered by state-run Russian shipping company Sovcomflot will displace 114,000 deadweight tons each and be highly eco-friendly,

SK Engineering & Construction (SK E&C) has teamed up with a Turkish firm for a multi-billion-dollar project to build and operate new power plants in Iraq, the South Korean firm said Saturday.Officials from the South Korean builder said the company has successfully purchased a 30 percent stake in UNI

“We have been a leading manufacturer in the domestic orthopedics and neurosurgery implants field since our inception in 2005,” said Seohancare President & CEO Kim Kyung-hak. “Our products have been utilized for many surgical procedures,” he added. Seohancare participated in “2014 Euro

Japanese restaurant Sushi Cho at The Westin Chosun Seoul will invitechefYonemura, the owner of one-star Michelin restaurantYonemuraand his team to host its second Chef Yonemura’s Gala Dinner on Friday, March17& Saturday, March 18. The Chef Yonemura’s Gala Dinner features two dinner options: 8-course

Falling crude oil prices will likely boost petroleum and petrochemical products consumption in emerging economies that will benefit South Korea's refiners, industry sources said Wednesday.Benchmark West Texas Intermediate (WTI) ended at US$49.28 per barrel as of March 9, industry data showed.It

South Korea's jobless rate rose to an over seven-year high in February amid increased youth unemployment, government data showed Wednesday.The unemployment rate in Asia's fourth-largest economy stood at 5 percent last month, edging up 0.1 percentage point from the same month last year, accor

South Korean tech behemoth Samsung Electronics Co.'s display and semiconductor (DS) division will sharply increase its employment of new employees in the first half to meet growing demand for its products, officials said Wednesday.Samsung's DS division, which is in charge of producing displa