Victorious S. Korea clinches spot in men's football

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[Graphic News] Top 4 chaebol create 140tr won in economic value

The economic value created by South Korea’s four largest conglomerates reached 140.2 trillion won ($135.8 billion) in 2013, accounting for 9.7 percent of the country’s GDP, a report by a corporate r...

Updated : 2014.09.17 21:13

POSCO deepens presence in Indonesia

CILEGON, Indonesia ― The city of Cilegon, a coastal city in Banten province, Indonesia, is emerging as one of the most vibrant industrial cities in Southeast Asia, with the launch of the biggest stee...

Updated : 2014.09.17 20:56

Kia’s new Sorento couples smooth ride with responsive driving experience

Kia Motors’ all-new Sorento offers a sedan-like refined ride with a responsive driving experience that should give the carmaker a competitive edge in the global SUV market.The vehicle, lengthened by 95 millimeters bumper to bumper compared to the previous generation model, has better stru...

Updated : 2014.09.17 20:55

Paris Baguette, Lotte Duty Free, Shin Ramyun top rankings

SPC Group’s Paris Baguette, the nation’s No. 1 bakery chain, has been taking endless leaps in baking delicious and nutritious bread since it was established in 1986. They use different ingredients f...

Updated : 2014.09.17 20:53

Korean firms’ brand awareness improves: Productivity Center

The state-run Korea Productivity Center published the National Brand Competitiveness Index for 206 major brands in 59 industries in the nation early this month. The NBCI, an index that measures brand ...

Updated : 2014.09.17 20:52

2014 NBCI results

The National Brand Competitiveness Index has shown a significant rise in overall brand competitiveness between 2014 and 2004, the year the survey was first carried out.Between the highest score of 76 and the lowest score of 68, the duty-free industry ranked the highest in brand competitive...

Updated : 2014.09.17 20:52

Samsung, Hyundai Motor bid for KEPCO land

Samsung Electronics Co. and Hyundai Motor Group submitted bids Wednesday to buy the site of the state-run Korea Electric Power Corp (KEPCO)'s Seoul headquarters, a closely-watched real estate deal estimated at trillions of won, inside sources said.The property, the last sizable piece of la...

Updated : 2014.09.17 17:23

[Graphic News] Hyundai, Kia came in third in global sales

Hyundai Motor and Kia Motors, the nation’s two largest auto companies, came in third among car manufacturers worldwide in reliance on global sales, according to Japanese automobile research firm Four...

Updated : 2014.09.16 21:35

KEPCO to wrap up bidding for main office property

South Korea’s state-run power provider Korea Electric Power Corp. said Tuesday that it will wrap up the bidding process for its main office property in southern Seoul this week and announce the new owner of the prime piece of real estate estimated to be worth over 3.33 trillion won ($3.22...

Updated : 2014.09.16 21:27

Galleria signs partnership deal with N.Y.’s Bergdorf Goodman

The Galleria, one of the poshest department stores in southern Seoul, signed a partnership agreement with the New York-based store Bergdorf Goodman on Monday, in an attempt to attract more foreign cus...

Updated : 2014.09.16 21:27

Conglomerate hiring to remain steady in 2014

Many South Korean conglomerates will likely add the same number of employees or boost their hiring slightly in 2014 compared to the year before, a poll carried out by the lobbying group of large businesses showed Tuesday. According to the Federation of Korean Industries survey carried out ...

Updated : 2014.09.16 21:27

OB to invest W120b on quality improvement

South Korea’s top beer manufacturer Oriental Brewery said it would make product quality its top priority and invest 120 billion won ($115.8 million) to improve its quality control process.It also off...

Updated : 2014.09.16 21:20

Q3 corporate earnings outlook slashed

South Korean companies are expected to report weaker-than-expected earnings for the third quarter as Samsung Electronics, which wields enormous sway over the country’s overall corporate earnings chart, is likely to suffer another earnings shock and low oil prices hurt local refiners’ bot...

Updated : 2014.09.16 21:18

[Graphic News] Chaebol-owned land 62 times the size of Yeouido

The total amount of land owned by South Korea’s top 10 conglomerates has reached 62 times the total area of Yeouido.According to a survey conducted by chaebul.com, 92 listed companies affiliated with...

Updated : 2014.09.15 21:01

[SUPER RICH] The art of feng shui

Feng shui can be laughed off as mere superstition in today’s highly advanced society.Still, some of the wealthiest people in South Korea believe that it helps them not only find peace and fortune, bu...

Updated : 2014.09.15 20:51