Daewoo Shipbuilding faces critical weeks with new deals hanging on rescue plan

Daewoo Shipbuilding and Marine Engineering, a South Korean ailing shipbuilder, is facing looming uncertainties over the company’s future, with bondholders raising skeptical voices over a fresh rescue plan which might have an impa...

Asiana Airlines tops service quality rankings

Asiana Airlines said Tuesday that it was ranked the top airline in this year’s National Customer Satisfaction Index.In particular, Asiana passengers showed high satisfaction among women, passengers in their 20s, and those flying ...

Kumho Tire creditors vote to disallow Park’s consortium

Kumho Tire’s creditors have voted to disallow Kumho Asiana Chairman Park Sam-koo from forming a consortium to raise funds to buy a controlling stake in the tire company, but allowed for the possibility of “revisiting the discuss...

SK Planet‘s n11.com remains top open market in Turkey

SK Planet’s open market n11.com was the top open market in Turkey for the second consecutive year in 2016, according to the company Tuesday. Employees pose at the headquarters of n11.com in Istanbul, Turkey. (SK Planet)It was the...

Amway Korea names new CEO

Wellness company Amway Korea said Tuesday that it has named Kim Jang-hwan as its new chief executive, effective June 1.The 53-year-old former COO of Amway has been with the company since 1993. Since then, he has held positions in ...

Lighter but stronger: Posco develops giga steel for future cars

With carmakers shifting their focus from gasoline-based vehicles to electricity-powered ones under high pressure to curb carbon emissions, the industry has been experimenting with new materials to replace heavy steel.From carbon f...

Samsung BioLogics on course to greatest biopharma manufacturing capability

Saving time and lowering costs are decisive factors for a contract manufacturing operator that produces biopharmaceutical products. And Samsung BioLogics is confident of achieving both, the firm’s vice president said. “It’s a m...

[From the Scene] Dreaming beyond Samsung, BioLogics shakes biopharma industry

SONGDO -- Around 2,800 construction workers tirelessly move around 118,618 square meters of reclaimed land in Songdo, Incheon, to build the world’s single-largest biologic drug production facility for Samsung BioLogics, a core un...

MAN Truck & Bus Korea opens new headquarters in Yongin

MAN Truck & Bus Korea, the local distributor of the German automaker, has opened its new headquarters in Yongin, Gyeonggi Province, in the company’s 16th year joining the market here.  The auto manufacturer invested $10 million ...

Seoul shares inch up on earnings hopes

South Korean stocks edged up on Tuesday, driven by gains in large-cap exporters, as a rosy outlook on their quarterly earnings is raising the specter for better performance in the country's overall exports, analysts said. The loca...

[Monitor] Judges most satisfied with career in Korea

A recent survey showed that judges have the greatest job satisfaction in South Korea. The satisfaction level was deemed based on the potential for growth, pay, sustainability, working environment, social reputation and overall job...

Conversing with your fridge: Samsung showcases S Voice

Imagine you are in the middle of cooking dinner at home when suddenly you remember the nearly empty carton of milk for your son. All you need to do is say to your refrigerator, “Hi, Samsung! Find milk at E-mart.” Or, if you’ve ...

Korea’s GDP slightly up, per capita income still below $30,000

South Korea’s annual economic growth was slightly revised up to 2.8 percent last year but the nation’s per capita income failed to reach $30,000, the Bank of Korea’s data showed Tuesday.According to the central bank, the real g...

LG sues US smartphone maker BLU over patent infringement

LG Electronics said Tuesday it has filed a lawsuit against US-based rival BLU over alleged patent infringements. The company said the US phone manufacturer has infringed five Long Term Evolution standard-related patents owned by L...

‘Summoners War’ becomes highest-grossing Korean mobile game

South Korean game developer Com2uS said Tuesday that its hit mobile game “Summoners War” has become the first Korea-made mobile game to rake in more than 1 trillion won ($900 million) in cumulative revenue. This makes “Summone...