South Korea deploys Israeli Spike missiles

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Hyosung chief receives honorary doctorate in U.S.

S.R. Cho, chairman of the nation’s 25th-largest conglomerate Hyosung Group, received an honorary doctorate at the Illinois Institute of Technology in the United States on Saturday, officials said.He ...

Updated : 2013.05.19 20:01

S. Korea's corporate debt to near $2 tln in 2017: S&P

South Korea's corporate debt is expected to approach US$2 trillion in 2017, a level similar to 2009 when the country just pulled out of a foreign exchange crisis, global ratings agency Standard & Poor's (S&P) said Sunday.According to an S&P report, the amount of debt owed by the country's ...

Updated : 2013.05.19 13:30

Hyundai Motor joins U.S. development of fuel-cell vehicle

Korea's top automaker Hyundai Motor Co. has been named a partner in a U.S. project to develop next-generation fuel-cell electric vehicles, the company said Saturday.   Hyundai Motor is one of only four foreign automakers that has been named a partner for the so-called H₂USA project, it ...

Updated : 2013.05.18 11:22

Asiana Airlines protects heritage sites in Vietnam

Asiana Airlines, in partnership with UNESCO Korea, will install solar-powered street lamps for the protection of heritage sites in Vietnam as part of its ongoing social contribution activities in the ...

Updated : 2013.05.16 20:46

Halla Group out to recapture market’s trust

Halla Group this week said it would give no further support for its faltering construction arm, to enhance the credibility and value of the company.“We understand the investors’ concerns surrounding...

Updated : 2013.05.16 20:45

FTC expands antitrust probe into companies

The Fair Trade Commission is zeroing in on the nation’s major advertising agencies and portal operators in its extensive probe into conglomerates’ alleged unfair business practices in deals with small firms.The antitrust regulator said Wednesday that it had launched an inquiry into Cheil...

Updated : 2013.05.15 20:56

CJ couriers’ strike drags on

Couriers employed by CJ Korea Express are unlikely to end their strike anytime soon, drawing attention to their worsening labor conditions amid cutthroat competition in the fast growing market. Around...

Updated : 2013.05.15 20:34

[Newsmaker] New Samsung body eyes Nobel laureates

Choi Yang-hee, head of Samsung Group’s ambitious new technological research foundation, is determined to produce Nobel Prize winners through advancing basic sciences.Fostering Nobel laureates is actu...

Updated : 2013.05.14 20:34

BMW aims to lead electric vehicle market

BMW, the best-selling foreign brand in Korea, announced Tuesday it would launch the German luxury carmaker’s first all-electric i3 compact in the first half of next year here. The battery-powered i3 ...

Updated : 2013.05.14 20:13

AMCHAM celebrates 60th anniversary

The American Chamber of Commerce in Korea on Tuesday celebrated its 60th anniversary at the Conrad Seoul.Around 400 senior private and public sector leaders from both countries joined the celebration ...

Updated : 2013.05.14 20:12

Industry underdogs rise amid continued slump

Hit hard by the prolonged economic slump at home and abroad and the depreciating Japanese yen, many of the nation’s major companies suffered a sharp fall in sales or operating profits during the firs...

Updated : 2013.05.14 20:08

Market share of Android-powered smartphones hits record in Q1: data

About two-thirds of smartphones shipped globally in the first quarter ran on Google Inc.'s Android platform, data showed Tuesday, further cementing its dominance over other operating systems (OS).Shipments of Android-powered smartphones totaled a record 161 million units in the January-Mar...

Updated : 2013.05.14 09:45

Ssangyong Motor shows new sign of recovery

PYEONGTAEK, Gyeonggi Province ― Four years ago, Kim Byung-mo, a 48-year-old factory worker at Ssangyong Motor, never imagined that his return to work could have taken so long. In 2009, when the carma...

Updated : 2013.05.13 20:49

Food makers frown at Lotte’s copycat behavior

Choco Pie has been a legendary snack for nearly 40 years since Orion created it in 1974.The two small, round chocolate-covered layers of cake packed with marshmallow filling melted the hearts of peopl...

Updated : 2013.05.13 20:44

Samsung to set up foundation amid 'creative economy' push

Samsung Group, South Korea's No. 1 conglomerate, said Monday it plans to to establish a foundation to bolster the country's growth engine in line with the government's push to cultivate economic development.The Samsung Research Foundation, slated to open in June, will support research and ...

Updated : 2013.05.13 15:33