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Sales of Orion in China hit record high of W1.3 tr

Sales of Korean snack and confectionary maker Orion in China hit a record high of 1.3 trillion won ($1.07 billion) in 2015, a 14.8 percent increase from a year ago, the company said in a press release...

Updated : 2016.02.12 17:21

Gaeseong-based S. Korean firms call for gov't compensation

South Korean companies based in the North Korean border city of Gaeseong urged the government on Thursday to roll out follow-up measures to compensate damages caused by its earlier decision to indefinitely suspend the operation of the joint industrial park."We will ask the government to ma...

Updated : 2016.02.12 09:40

Hyundai Heavy wins two oil tankers deal from Turkey

Hyundai Heavy Industries Co., a South Korean shipbuilder, said Thursday it struck a deal with a Turkish counterpart to build two oil tankers tankers sized at 158,000 tons each.Under the deal estimated at US$120-140 million, Hyundai will hand over the ships to Turkey-based Ditas Shipping in...

Updated : 2016.02.12 09:36

News for consumers

Ikea posts recall orders on lampsIkea Korea posted recall orders for its Rinna wall lamp, Lock ceiling lamps as well as Hyby lamps, after reports that the glass covers had fallen and inflicted injurie...

Updated : 2016.02.11 21:02

Time-pressed, strategic spenders turn to at-home beauty care

Despite her busy schedule, Kim Na-eun, a 30-year-old office worker in Seoul, visits a skin care clinic every now and then, whenever she feels the need to rejuvenate, or give some “proper attention” ...

Updated : 2016.02.11 18:22

LG Life Sciences’ new 5-in-1 vaccine approved by WHO

LG Life Sciences’ 5-in-1 vaccine Eupenta (LG Life Sciences)LG Life Sciences, the biopharmaceuticals unit of LG Group, said Wednesday its self-developed 5-in-1 multifunctional vaccine Eupenta has rece...

Updated : 2016.02.11 15:25

Daewoo E&C wins $480 mln deal to build bridge in India

Daewoo Engineering & Construction Co., a major Korean builder, said Thursday that it has won a deal to construct a bridge in India for $480 million.The contract signed with Bihar State Road Developmen...

Updated : 2016.02.11 14:21

Kia Motors mulling watchdog body for minor shareholders

Kia Motors, South Korea’s second-largest carmaker, Thursday said that it is considering establishing a committee dedicated to protecting minor shareholders‘ rights. The body will be comprised of out...

Updated : 2016.02.11 11:41

Alibaba buys 4% stake in SM Entertainment for W35.5b

SM Entertainment, South Korea’s leading entertainment agency, said Thursday it has formed a strategic partnership with Chinese e-commerce giant Alibaba Group to strengthen its music marketing in Chin...

Updated : 2016.02.11 11:34

LG Display tops global UHD TV panel market in Q4

Korean panel maker LG Display Co. regained its status as the top seller of Ultra HD panels in the fourth quarter of 2015, industry data showed Thursday, amid the booming popularity of high-end TVs.LG ...

Updated : 2016.02.11 10:00

NCsoft's 2015 net sinks 28%

NCsoft Corp., Korea's leading online game developer, said Thursday its net profit tumbled 28 percent in 2015 from a year earlier due mainly to increased spending on fresh titles.Net income amounted to...

Updated : 2016.02.11 09:57

KT&G expands business in Iran

KT&G is expanding its business in Iran as the Islamic country is requesting more investment from Korea’s largest tobacco firm, company officials said Wednesday. The Iranian market is drawing attenti...

Updated : 2016.02.10 19:44

GS E&C seeks to retake lead in Iran’s construction market

As companies around the world rush to take on new business opportunities in post-sanctions Iran, South Korean builder GS E&C is out to regain its former presence in the country where it has built up a...

Updated : 2016.02.10 17:55

LG’s diabetes drug on way to global expansion

LG Life Sciences, the biopharmaceuticals unit of LG Group, is out to swiftly commercialize its self-developed diabetes treatment Zemiglo in new markets around the world.   In partnership with France...

Updated : 2016.02.10 17:14

Korea’s car exports plunge in January

Korea’s outbound shipments of cars nosedived at the fastest clip in more than six years in January as fast-falling oil prices dragged down demand from emerging markets, including Middle East countrie...

Updated : 2016.02.10 16:58