[Photo News] BMW on top floor

(BMW Korea)BMW Korea employees put together a complete model of the German luxury’s new BMW 5 Series that had been disassembled into some 250,000 pieces for it to be placed at the top 39th floor of the Parnas Tower in southern Se...

GS Group chief urges preparation for 4th industrial revolution

GS Group Chairman Huh Chang-soo has urged the group’s new executives to fully prepare for the fourth industrial revolution.“At home and abroad, the fourth industrial revolution is rapidly progressing with the spread of artificia...

FSS seeks business suspension on three insurers over suicide benefits

South Korea’s financial regulator said it would seek unprecedentedly strong punitive measures against three major insurers for their failure to pay out benefits for suicide claims. (123rf)The Financial Supervisory Service said la...

SK executives given stock options

Top executives of SK Group, South Korea's third-largest conglomerate, have been granted stock options, the business group said Friday, a move seen as part of efforts to reinforce its corporate responsibility.Park Sung-wook, the vi...

KB Financial Group to add foreign outside director

KB Financial Group said its outside director recommendation committee has recommended Stuart Solomon, former chairman of MetLife Insurance Co. of Korea, to become the financial group’s outside director.Solomon first came to Korea...

Court holds first hearing on compensation suit against Volkswagen

A Seoul court on Friday held the first hearing on a compensation suit filed by hundreds of South Korean customers against German carmaker Volkswagen over vehicles with manipulated emissions data.During the hearing held at the Seou...

[Weekender] Investing to stay young and beautiful

The definition of “elderly” is becoming less clear by the day, as society turns older and those traditionally grouped as seniors become younger in terms of health, appearance and economic activity.It has led to the coining of th...

Hyundai, Kia to showcase green cars at Geneva motor show

Motors Corp. said Friday that they will showcase a new line of green cars at an annual motor show to be held in Switzerland early next month, as they strive to make inroads into the European market.Hyundai Motor said it will show ...

Transport Ministry denies Fly Yangyang license

A new regional airline hoping to specialize in bringing tourists to the Gangwon Province area was denied an operating license by the Ministry of Land, Infrastructure and Transport, according to the airline Friday.In a statement, F...

McDonald’s Korea recognized for community contributions

McDonald’s Korea said Friday it has been awarded a top corporate social responsibility prize for contributions to the regional community.The Happy+ Social Contribution Awards are organized jointly by the Korea Employers Federatio...

[Weekender] Mind over matter to age gracefully

In an age when people Google just about everything in search for a quick answer, know-how and guidelines on how to age gracefully are also popular topics. In the quest to age well, many tend to search out anti-aging, with contents...

Kumho Tire to up tire prices by 4%

(Kumho Tire)Kumho Tire is set to increase the price of its tires sold in the local market by up to 4 percent starting March 15, the firm said Friday. The price of Kumho’s tires for passenger cars will rise by 3 percent, light tr...

Samsung launches mobile payment system in Malaysia

Samsung Electronics Co., South Korea's tech giant, said Friday it has launched its mobile payment system in Malaysia, expanding its overseas foothold for the flagship mobile transaction platform.A launching event was attended by s...

Korea to revise law on personal pension scheme

South Korea's financial authorities said Friday they are preparing to revise legislation on a personal pension system as part of efforts to address the post-retirement poverty problem."The government will do its best to submit a r...

Lottery sales in Korea rise 8.4% to W3.8tr in 2016

Sales of lottery tickets in South Korea rose 8.4 percent in 2016 from a year earlier amid a protracted economic slump, the finance ministry said Friday.The Ministry of Strategy and Finance said it settled the lottery fund account ...