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Incheon-bound Asiana plane returns to LA due to false fire alarm

Asiana Airlines Co., South Korea's No. 2 flag carrier, said Wednesday that its Incheon-bound flight has returned to Los Angeles earlier in the day apparently due to a malfunction of a smoke alarm for the cargo section.The A380 plane with 358 passengers on board returned to Los Angeles thre...

Updated : 2016.09.28 18:01

Lotte founder's daughter additionally charged with tax evasion

The daughter of the embattled Lotte Group's founder, currently standing trial for a string of corruption allegations, has been additionally charged with evading some tens of billions of won in taxes, prosecutors said Wednesday.The Seoul Central District Prosecutors' Office, which is lookin...

Updated : 2016.09.28 17:58

Fate of Lotte chief hangs in balance

A Seoul local court was to decide by late Wednesday on the prosecution’s request to issue an arrest warrant for Lotte Group Chairman Shin Dong-bin over accusations that he inflicted financial damage ...

Updated : 2016.09.28 17:18

EU Delegation urges sustainable mobility

The European Union Delegation to Korea on Wednesday stressed the importance of sustainable mobility as part of its efforts to raise awareness on climate change. At a roundtable discussion held during ...

Updated : 2016.09.28 17:08

Experts emphasize CSR at Korean Investment Week

Amid public outrage sparked by a series of corporate scandals involving foreign companies in South Korea, a group of foreign multinationals convened Wednesday to discuss corporate social responsibilit...

Updated : 2016.09.28 17:03

Court starts considering plan to sell Hanjin Shipping

A Korean court has begun considering the sale of near-bankrupt Hanjin Shipping while the government has flatly denied rumors that logistics firm Maersk might attempt to take over two Korean shippers, ...

Updated : 2016.09.28 16:55

Mercedes-Benz Korea vows quality customer service

Mercedes-Benz Korea CEO Dimitris Psillakis urged employees to improve the quality of customer service at a biannual event on Saturday, held as part of its effort to meet diversifying market needs in S...

Updated : 2016.09.28 16:54

[DECODED] SK pushes for new growth in chips, biopharmaceuticals, ICT, LNG

Faced with rising global competition and stagnant growth, SK Group, the country’s third-largest conglomerate has been searching for new, promising businesses to propel its continued growth in the lon...

Updated : 2016.09.28 16:22

More than 3 tln won in knockoffs smuggled into the country since 2011: report

More than 3 trillion won ($2.73 billion) in luxury brand knockoffs, most of them from China, were caught while being smuggled into the country over the past five years, with watches replacing handbags as the most popular items, tallies from the customs agency showed Wednesday.Records given...

Updated : 2016.09.28 14:32

Korean builders face restructuring as low oil prices persist

Stung by persistently low oil prices that prompted foreign orders to dry up, South Korean construction firms have been preparing for restructuring plans, according to company officials Wednesday. POSCO E&C, a construction arm of steelmaker POSCO, plans to cut 500 jobs by the end of this ye...

Updated : 2016.09.28 14:31

Gov't offers 84% of earmarked support to Kaesong complex firms

South Korea said Wednesday it has handed out 84 percent of support funds earmarked for local firms that operated factories in the now-shuttered joint industrial park in North Korea to help cover their financial losses.The government has offered 438.5 billion won ($399.8 million) out of abo...

Updated : 2016.09.28 14:29

HDC Shilla, Shinsegae to vie for duty-free stores in Seoul

Shinsegae Group and a joint venture between Shilla Hotel and Hyundai Development said Wednesday that they will apply for a new duty-free license to open new stores in Gangnam, the most affluent district in the capital city.HDC Shilla Duty Free said it has picked iPark Tower in Gangnam, one...

Updated : 2016.09.28 14:19

DAFZA out to tighten business ties with S. Korea

Dubai Airport Freezone Authority is tapping into the South Korean business community to draw more participation and investment. A DAFZA delegation recently visited to promote business opportunities an...

Updated : 2016.09.28 13:27

Finance minister slams striking railway workers

South Korea's top economic policymaker denounced unionized workers of the country's railway and subway services Wednesday for staging a joint strike for the first time in 22 years to protest the introduction of a performance-based pay system.Finance Minister Yoo Il-ho also condemned the la...

Updated : 2016.09.28 10:21

[Graphic News] Number of farming households on decline

The number of farming households in the nation is decreasing, according to government data Tuesday. Statistics Korea said the number of households engaging in agriculture was 1.38 million in 2000, but...

Updated : 2016.09.27 18:54