Government postpones decision on Google’s map info export request

The government has postponed its decision on Google’s request to export map information from Korea to allow further review of the issues, the Transport Ministry announced Wednesday following a meeting of a pan-government review c...

[Graphic News] KEPCO suffers deficit from investment business

Korea Electronic Power Corp. has suffered a deficit in its investment business while it has drawn massive business from the power rate hike and the increase in the demand for power, data showed Wednesday. According to the National...

POSCO chief urges local players to boost competitiveness

The chief of POSCO, South Korea's No. 1 steelmaker, said Wednesday that the local steel sector is facing trade tussles and weak demand, urging each steelmaker to step up their efforts to overcome such headwinds.At a forum held in ...

Decreasing propensity to consume drags down Korean economy

Data released last week showed South Korea’s households are spending less and saving more, reflecting a growing anxiety over future uncertainties which is amplified by a protracted economic downturn.According to a report by Stati...

Korean-Chinese joint venture to build plant for cathode materials for lithium-ion batteries

Ecopro Co., a South Korean battery materials leader, will set up a joint venture with the Chinese resources recycling company GEM Co. to produce cathode materials for lithium-ion batteries in Pohang, the southeast city's municipal...

Korean stocks close lower on US rate hike, oil price concerns

South Korean shares closed slightly lower Wednesday as foreigners turned to selling amid concerns of a US rate hike and a further decline in global oil prices. The local currency lost ground against the US greenback.The benchmark ...

[Photo News] World's first compact SUV Convertible

Jaguar Land Rover Korea hosts a showcase for the Range Rover Evoque Convertible, the world’s first compact SUV convertible, slated for launch in Korea in September, at Yeong Bin Gwan, Hotel Shilla in central Seoul on Wednesday. (...

Korean stock market to use AI for monitoring

South Korea will set up a new stock market monitoring system using artificial intelligence by 2018, the nation's bourse operator announced Wednesday.The move is intended to counter unfair stock trading taking advantage of informat...

Concern grows over extra budget deadlock

With political parties growing further apart over their inability to compromise on the South Korean government’s extra budget bill, the Finance Ministry is making a last-ditch effort to appeal to lawmakers before time slips away....

[Newsmaker] PR legend questioned on lobbying

Working in public relations in South Korea has often been favored by college graduates, particularly among women concerned about the male-centered hierarchy of the corporate world.In such positions, English fluency and well-rounde...

Over 40 foreign currencies available for online exchange from October

Banks will expand their online foreign currency exchange services to more than 40 different currencies, starting from October. According to the Financial Supervisory Service on Wednesday, the financial wachdog will work together w...

[Photo News] Honorary award for Merck

Michael Grund (right), managing director of Merck Korea, poses with professor Choi Jong-seon, president of the Korean Information Display Society, after receiving an honorary award on behalf of Merck during the International Meeti...

Korea Eximbank holds EDCF camp for students

The Export-Import Bank of Korea, or Korea Eximbank, held a three-day camp starting Wednesday for college students providing them an opportunity to share ideas and visions about international development and cooperation. According ...

Hanwha E&C signs MOU with Suwon for development project

Hanwha Engineering and Construction has signed an memorandum of understanding with Suwon City to build and develop auxiliary and support facilities for a new multi-purpose convention center to be built in the city, the company sai...

Samsung Display forms alliance with Chinese makers for curved display market

Samsung Display Co., Samsung Electronics’ display business affiliate, joined hands with dozens of Chinese television and monitor makers to develop the fledgling curved display market, the company said on Wednesday.  The “Curved...