Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Questions raised over fair promotion of RM, NewJeans
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SKT introduces multi-gadget content platform
SK Telecom, the nation’s No. 1 telecom operator, launched on Monday a “numerous screen” (n-Screen) platform that allows users to access the same content from multiple devices based on cloud computing technology. The “hoppin” service allows subscribers to use media content in its server on smartphones, computers, tablet PCs and televisions through a Wi-Fi network with a one-time payment. For instan
Jan. 24, 2011
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Yuhan-Kimberly exports top W230 billion
Yuhan-Kimberly, Korea’s leading hygiene products manufacturer, said its exports increased 28.7 percent to 237.6 billion won ($211.8 million) last year, thanks to strong sales of its diapers and feminine sanitary pads.Shipments to China, Russia and Turkey accounted for 63 percent, the company said. Products like diapers, sanitary pads and paper towels make up 82 percent.“Such items could succeed in
Jan. 24, 2011
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Citi picks Korea, Taiwan stocks amid inflation
Citigroup Inc. recommended stocks in Korea, Taiwan and Hong Kong as manufacturing companies gain in an inflationary environment amid global economic growth.“Higher inflation and higher rates benefit growth- sensitive markets, such as Korea and Taiwan and general asset plays like Hong Kong,” according to a report by Citigroup analysts led by Markus Rosgen. “Inflation shifts profits from consumption
Jan. 24, 2011
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Kia aims to dominate city car market
No. 2 carmaker releases new Morning with upgraded safety, convenience featuresJEJU ― Kia Motors Corp. launched the latest version of its Morning city car on the local market Monday.The company aims to sell 100,000 units on the domestic market and 120,000 units overseas this year.From next year, the company hopes to raise the overseas figure by 20,000, pushing up the overall sales figure to 240,000
Jan. 24, 2011
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Apollo-led group bidding for Sara Lee
Sara Lee Corp. received a takeover bid from Apollo Global Management LLC, Bain Capital LLC and TPG Capital that is higher than the food company’s current share price of $18.70, said three people with knowledge of the matter. The offer gets close to the $20 a share that Sara Lee’s board is seeking, said one of the people, who declined to be identified because the process is private. JBS SA, the Bra
Jan. 24, 2011
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Australia producer prices rise in Q4
Prices paid to Australian producers rose less than forecast in the fourth quarter, recording the smallest increase in a year as a stronger currency lowered the cost of imports. The producer prices index advanced 0.1 percent in the October-December period from the prior quarter, when it gained 1.3 percent, the Bureau of Statistics said in Sydney Monday. The median estimate of 19 economists surveyed
Jan. 24, 2011
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SK Telecom to unveil smartphone-cum-set-top box
South Korea's largest mobile carrier SK Telecom Co. said Monday that it will release a smartphone that can also serve as a set-top box, playing content on personal computers, tablet PCs and TVs. The smartphone named "Galaxy S hopping," made by Samsung Electronics Co., will hit shelves in the local market this week, SK Telecom said in a statement. The new phone represents the company's effor
Jan. 24, 2011
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Samsung Heavy develops system to fend off pirates
Samsung Heavy Industries announced Sunday that it has developed a high-tech anti-pirate system providing enhanced security for ships sailing through danger zones.The system includes remotely controlled water cannons, night vision and an advanced radar system.The shipbuilder said the system will be fitted as standard equipment in all ships built at its yard in Geoje, South Gyeongsang Province.The n
Jan. 23, 2011
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Korean iPhone users hit 2m
Apple has something to celebrate despite its CEO Steve Jobs’ medical leave. The number of iPhone users in South Korea reached 2 million and Apple pulled off more than 10 billion app downloads at its App Store worldwide. KT, the sole service provider for Apple’s iPhone and iPad, said it has signed up 2 million iPhone users in a little more than a year after its debut, marking a fresh milestone for
Jan. 23, 2011
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Kia’s global share hits record
Kia Motors Corp. saw its global market share come to 2.9 percent, the highest ever for the company, in 2010, industry data showed Sunday.According to the carmaker, it sold about 2.09 million units ― about 485,000 units domestically and 1.605 million units overseas ― in 2010. Comparing the figure to the world market volume of 71.35 million units calculated by J.D. Power and Associates, Kia’s global
Jan. 23, 2011
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SKT to launch Bada phone
SK Telecom, the country’s leading mobile carrier, is expected to launch Samsung Electronics’ Wave 2, which runs on Samsung’s proprietary mobile operating system, in Korea as early as this week.Wave 2 will be the first model introduced in the local market that runs on Samsung’s mobile operating platform Bada, developed more than a year ago.“The telecom will make the last call for the launch date, h
Jan. 23, 2011
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Lotte files suit aimed at Shilla shop
Legal battle begins over operation of Louis Vuitton shop at Incheon AirportLotte Duty Free has filed a lawsuit against Incheon International Airport for allowing Shilla Duty Free to open a Louis Vuitton store at the nation’s largest international airport.Lotte said on Thursday that it filed an injunction against the airport because it gave improper favors to Shilla. Lotte Duty Free’s argument was
Jan. 23, 2011
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Apple's iPhone users reach 2 mln in S. Korea
The number of Apple Inc.'s iPhone users has surpassed 2 million in South Korea in a little more than one year of its local debut, its distributor said Sunday. Two million iPhones were activated in South Korea as of Jan.20, including 1.03 million units of the iPhone 4, the latest version of the hot-selling device, and 977,000 units of the iPhone 3GS, KT Corp. said in a statement. KT, South Korea's
Jan. 23, 2011
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GM Daewoo begins production of new MPV Orlando
GM Daewoo Auto & Technology, the South Korean unit of U.S. automaker General Motors Co., said Friday it began producing its new compact multi-purpose vehicle (MPV), the Chevrolet Orlando. The vehicle will be produced at the GM Daewoo plant in Gunsan, 270 kilometers southwest of Seoul. The Orlando is scheduled to be launched here next month as the first of seven Chevrolet vehicles set to be intro
Jan. 21, 2011
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Man arrested for extorting money from Samsung Electronics
Samsung Electonics 3D booth at CES in 2011. (Bloomberg)A Seoul man has been arrested on charges of extorting a large sum from Samsung Electronics after intentionally destroying a Samsung cellphone last year, police said Thursday.The 29-year-old man, identified only as Lee, is accused of distorting a compensation of 5 million won (US$4,500) from Samsung Electronics after intentionally destroying hi
Jan. 21, 2011
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Daewoo cars history as GM Korea switches to Chevrolet
The Korean unit of General Motors plans to remove the badge of “Daewoo” from its company name and new domestic releases as it seeks to improve image and boost sales. GM Daewoo Auto and Technology Co. announced Thursday it will change its name to GM Korea Company and replace the GM Daewoo brand with the Chevrolet brand.“The actions we are about to take will take the company to a stronger, sustainab
Jan. 20, 2011
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Facebook agrees to improve data protection for Koreans
The state media regulator Korea Communications Commission said Thursday that the U.S.-based social networking site Facebook agreed to improve its individual information protection measures for Korean users.The KCC said that Facebook stated that it will devise separate measures which follow the country’s information and telecommunications law by the end of March.The event takes place after the stat
Jan. 20, 2011
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KT targets W20.5tr in sales
Carrier to invest 3 trillion won to boost service quality, global presenceKT Corp. said Thursday it plans to record 20.5 trillion won ($18 billion) in sales and spend 3 trillion won in investments this year to boost its service quality and step up its presence in global markets.KT, the exclusively provider of Apple’s iPhone in Korea, also said that it aims to reach 30 trillion won in sales by 2015
Jan. 20, 2011
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Antitrust regulator probes refineries
Move prompted by Lee’s comments on oil pricesThe antitrust regulator is investigating four major oil refiners for possible price rigging and cartel activities, sources said Thursday.The probe comes amid growing government pressure on them over surging fuel prices. The Fair Trade Commission this week conducted on-site investigations of GS Caltex, S-Oil, Hyundai Oil Bank and SK Energy to see if ther
Jan. 20, 2011
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Korea‘s technology level 5.4 years behind U.S.'
Korea’s technology level in 95 key areas is 5.4 years behind that of the United States, a government report showed Thursday.The report by the Ministry of Education, Science and Technology showed the country‘s technological prowess standing at 60.2 percent of so-called ultimate technology, or the highest possible technological level that can be reached at present with 100 percent being the highest
Jan. 20, 2011