LG Electronics, the world’s leading household appliance maker, is poised to push up the quality of appliances by several notches with the introduction of savvier smart appliances.“Smart appliance” has become one of the industry’s new buzzwords, quickly picking up on the growing demand from consumers to live smarter and more economically at not just the office, but at home.LG Electronics, as the in

POSCO began construction on its third FINEX steel mill at its steelworks in Pohang, North Gyeongsang Province on Tuesday.The new FINEX plant, which will have an annual production capacity of 2 million metric tons, is scheduled for completion in 2013.The company said the construction budget for the new FINEX plant is 1.3 trillion won ($1.2 billion), equal to that used in building the second FINEX p

Korea’s current account surplus rose to the highest level in seven months in May on solid exports and decreased dividend payments to foreign investors, the central bank said Tuesday.The current account surplus reached $2.26 billion in May, up from a revised $1.28 billion the previous month, according to the Bank of Korea. The current account is the broadest measure of cross-border trade.The May su

One night in 2003, Harvard undergrad and computer programming genius Mark Zuckerberg sits down at his computer and heatedly begins working on a new idea. In a fury of blogging and programming, what begins in his dorm room soon becomes a global social network and a revolution in communication. A mere six years and 500 million friends later, Mark Zuckerberg is the youngest billionaire in history ...

Established in 1961, the Industrial Bank of Korea has continued to focus on supporting small and medium-sized enterprises as a state-controlled lender.In the long-term, the bank is set to prepare to become a comprehensive financial services provider.It has been enhancing its investment banking capability as it seeks to diversify its business portfolio. Customers are seen behind a sign for the Indu

KB Kookmin Wise Card has been attracting a growing number of customers thanks to a variety of noteworthy benefits.The number of holders of its latest credit card surpassed 100,000 in the 18 days after its launch on March 2. By June 14, that number had reached 360,000. KB Kookmin Card unveils a new credit card called “Wise Card.” (KB Card)The Wise Card is a first of its kind in the local market, al

Prudential of Korea is striving to become the most trusted insurance company.Other companies might want to become the largest or most profitable, but Prudential takes pride in becoming an honest and ethical company that is trusted by many. The headquarters of Prudential Life Insurance in SeoulFounded in 1991, POK set itself apart from other insurance companies by introducing a different type of sa

A Singapore Airlines suite (Singapore Airlines)Singapore Airlines has developed a reputation for being an industry trendsetter by providing premium facilities and services to ensure that customers have unforgettable memories regardless of travel time. Singapore Airlines has received the most industry awards of any airline due to its commitment and innovations. It has world-acclaimed chefs on its “