Samsung seeks arbitration over panel supply halt

Samsung Electronics South Korea's tech giant, has filed a request for international arbitration against Sharp Corp. of Japan and two other panel makers, seeking US$492 million in compensation that it claims to be suffering from du...

Korea to sell W7.5t worth of state bonds in Feb.

South Korea plans to sell 7.5 trillion won ($6.4 billion) worth of state bonds next month, the finance ministry said Friday.The government will issue 1.7 trillion won worth of bonds with a maturity of three years and 1.65 trillion...

[Weekender] Snacking goes hybrid

Whether you have a sweet tooth or cravings for all things savory, snacking options in South Korea were limited until recently. Riding on the health-conscious trend, sugar-loaded sweets are evolving into healthy desserts and snack...

LG Group celebrates 70th anniv., aims to overhaul core businesses

LG Group Chairman Koo Bon-moo told the group's top executives that overhauling core businesses and finding next-generation drivers of growth are the top priority for the nation's second-largest conglomerate. Koo made the remarks a...

[Weekender] Exports boost Korean confectionary growth

In South Korean’s confectionary industry, Orion’s Choco Pie, Lotte Confectionery’s Xylitol and Pepero as well as Nongshim’s shrimp crackers are all superstars. They are members of the so-called “1 trillion won club” of confe...

[Weekender] Nostalgic snacks that still tantalize the Korean palate

Remember the honey butter chip craze? Potato chips flavored with honey and butter were inarguably the greatest hit in South Korea’s confectionary market in 2015. People had lined up in supermarkets in the hope of buying just one ...

Toshiba’s chip spin-off to narrow gap with Samsung: Mirae Asset

Toshiba’s possible spin-off of its chip business will narrow the technology and market share gap with its bigger rival Samsung Electronics, Mirae Asset Daewoo Securities predicted Friday. Toshiba, which is struggling from massive...

New head of Korean Air vows stability

The new chief of South Korea's largest flag carrier Korean Air said Friday that he will focus on continuing what has been working for his company rather than initiating changes."I have no plan to overturn what we have now just bec...

Korea to impose anti-dumping duties on Chinese offset printing plates

South Korea is set to impose anti-dumping duties on Chinese-made aluminum plates for offset printing, the trade commission here said Friday, amid rising trade tensions between the two countries.After a preliminary examination, the...

Korea introduces 24-hour capsule hotel at Incheon airport

Small but fully equipped and furnished rooms will begin accommodating passengers at South Korea's Incheon International Airport, providing a private and comfortable place to rest at the bustling airport, the transportation ministr...

Korean economy put to test in Trump era

South Korea’s withering economy will be put to the test with US President Donald Trump officially taking office at the White House on Friday.Especially when most chiefs of Korean conglomerates are being probed by a team of specia...

[NEWS FOCUS] Challenges ahead for new chief of Shinhan Financial

Shinhan Bank CEO Cho Yong-byoung, who was nominated as new chairman of Shinhan Financial Group Thursday, faces mounting challenges including retaining the No. 1 post in the fiercely competitive local financial industry.When the se...

Kia begins All New Morning sale with over 4,000 on waitlist

Since launching its presale period on Jan. 4, Kia’s All New Morning compact smart car has landed more than 4,000 contracts in two weeks, the company announced Friday.  Officially released to the public Tuesday, it marks the firs...

Deutsche Bank ordered to compensate investors for stock manipulation in class action suit

A lower court ordered Deutsche Bank on Friday to compensate investors for damage it caused by manipulating stock prices, in the nation's first-ever ruling on a class action suit.The Seoul Central District Court ordered the Germany...

Listed companies' name changes on rise

The number of companies that has changed their names has steadily increased in recent years as some of them sought to improve their corporate images, data showed Friday.Data compiled by the Korea Securities Depository showed that ...