Accounting firms in hot seat over ethics, incompetence

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Korean Air plane taxied 700 meters after engine caught fire: investigation

An investigation by the Japanese Transport Safety Board into a Korean Air Lines jetliner whose engine caught on fire at Haneda Airport in Tokyo said that the plane coasted 700 meters after the fire br...

Updated : 2016.05.29 15:12

GS25 tops convenience stores: survey

Convenience store chain GS25 achieved the highest level of consumer satisfaction among Korea’s top five convenience store chains, according to a survey by the Korea Consumer Agency. GS25 received an ...

Updated : 2016.05.29 14:16

Sales of Korean-made products rise in duty-free shops

Sales of Korean-made products have risen in domestic duty-free shops to reach 40 percent of all sales, according to data from the Korea Customs Service on Sunday.Duty-free outlets in Korea saw revenue...

Updated : 2016.05.29 14:10

Samsung releases new large-sized SUHD models

Samsung Electronics Co. on Sunday said it plans to release three new large-sized models of its SUHD TV series, amid the rising demand for bigger displays among local consumers.   Samsung said it pla...

Updated : 2016.05.29 13:41

S. Korea's self-sufficiency of beef, pork drops in 2015

South Korea's self-sufficiency of beef and pork decreased together for the second consecutive year in 2015, data showed Sunday, amid the falling number of cattle raised and the rising demand for pork-...

Updated : 2016.05.29 13:39

SK Telecom becomes chairman of 5G union

South Korea's top mobile carrier SK Telecom Co. became the inaugural chair of the Telecom Infra Project (TIP), a global union of companies studying fifth-generation (5G) network technologies, the comp...

Updated : 2016.05.29 13:38

GKL hosts global casino forum

Grand Korea Leisure, the operator of the foreigner-only Seven Luck casino in Korea, hosted the Global Leisure Forum 2016 at Coex in southern Seoul on Friday. Casino industry leaders from around the wo...

Updated : 2016.05.29 12:53

STX Shipbuilding files for court-led restructuring

Financially shaky STX Offshore & Shipbuilding Co. Friday filed for a court-led restructuring scheme as it struggled with a protracted slump and mounting losses, officials at the shipbuilder and the Se...

Updated : 2016.05.27 21:28

Steel firms seek preemptive restructuring

In light of shipping and shipbuilding companies that are being swept up by debt after years of oversupply, Korea’s steel firms are seeking preemptive steps not to succumb to the same fate. Industry w...

Updated : 2016.05.27 21:22

S-Oil breaks ground for residue upgrading complex

S-Oil, the nation’s third-largest oil refiner, broke ground for its much-awaited residue upgrading complex and olefin downstream complex, the company announced Friday. Nasser Al-Mahasher, chief execu...

Updated : 2016.05.27 21:19

Lotte Shopping suspended for false documents

The government on Friday ordered Lotte Shopping, a TV shopping channel under retail giant Lotte, to stop operating programs for six hours during prime time for six months, as part of a disciplinary me...

Updated : 2016.05.27 18:46

Korean Air plane catches fire

More than 300 passengers and crew members were evacuated from a Korean Air plane, as fire broke out on its left-side engine just before taking off from a Tokyo airport on Friday. Korean Air`s Boeing 7...

Updated : 2016.05.27 18:42

[Weekender] Fried chicken market anything but small in Korea

 Fried chicken has found a firm place in present-day Korean cuisine, despite being commonly considered a creation from the United States. Among other things, it is a staple as a midnight snack for Ko...

Updated : 2016.05.27 16:36

YG Entertainment lures 100 bln won in investment from China

South Korean music company YG Entertainment on Friday said it has attracted 100 billion won ($85 million) in investment from the Chinese online giant Tencent and mobile ticketing service, Beijing Weiy...

Updated : 2016.05.27 15:32

SK Chemicals hemophilia drug approved by FDA

SK Chemicals Co., the chemical and pharmaceutical arm of South Korea's conglomerate SK Group, said Friday it has won approval from the U.S. Food and Drug Administration to sell its hemophilia drug, ta...

Updated : 2016.05.27 14:37