Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Monday its sales jumped 54 percent last month from a year earlier on strong exports. Renault Samsung sold 11,627 vehicles in October, up from 7,533 units a year earlier amid the extended COVID-19 pandemic, the company said in a statement. Domestic sales fell 30 percent on-year to 5,002 units from 7,141, while exports soared to 6,625 units from 392 on robust sales of its SUV models, it said. Strong overseas demand for th

Despite economic figures signaling labor market recovery, virus-hit job seekers struggle to find quality jobs

The top nuclear envoys of South Korea and China held a videoconference Monday to discuss measures for an early resumption of the Korean peace process, including the proposed declaration of a formal end to the 1950-53 Korean War, Seoul's foreign ministry said. Noh Kyu-duk, the special representative for Korean Peninsula peace and security affairs, held the virtual talks with his Chinese counterpart Liu Xiaoming to explain Seoul's efforts to revive stalled dialogue with North Korea and requested

South Korea under renewed pressure to play a bigger role in creating US-led new supply ecosystem

SsangYong Motor Co. said Monday its sales plunged 53 percent last month from a year earlier on weaker demand for its models and a prolonged chip shortage. SsangYong Motor sold 4,749 vehicles in October, down from 10,197 units a year earlier, the company said in a statement. Domestic sales dropped 57 percent to 3,279 units last month from 7,612 a year ago, while exports declined 42 percent to 1,500 units from 2,585 during the same period, it said. From January to October, sales fell 22 percent

NTCK opens ‘online theater,’ offering performances with extra features such as barrier-free services, director’s cut

Just days ahead of the theater release of Marvel Studio’s “Eternals,” Naver Webtoon unveiled the movie’s Korean webtoon version Sunday. The first two episodes, titled “Intelligent Design 1“ and ”Intelligent Design 2,” have a 9.26 rating on the Naver platform as of Monday. Celebrating the release of the film, the first four episodes are available free of charge, Naver Webtoon said. The webtoon, based on the Marvel Comics series of the same titl

Actor Kim Seon-ho will remain on the cast of the upcoming film “Sad Tropics (working title),” the movie’s production company NEW said on Monday. Since the actor stepped down from the films “2 O’Clock Date” and “Dog Days” in the aftermath of a controversy surrounding his ex-girlfriend, “Sad Tropics” is the first project to keep its offer of a lead character to Kim. According to NEW, the production staff held a long discussion in makin

South Korean and US intelligence are closely monitoring for signs of North Korea’s next missile test, the military said Monday in response to satellite images showing preparations to launch a submarine-launched ballistic missile for the second time since October. The images -- made public last week by 38 North, which monitors North Korea -- showed activity involving a mobile crane and a submerged barge at Sinpo, a port city along the east coast where North Korea runs a major submarine shi

The South Korean food company Daesang has a new logo to mark its 65th anniversary. The new logo “reflects Daesang’s ambition to use the past 65 years as a steppingstone to leap into a global company continuing on for the next 100 years,” said Daesang Holdings CEO Choi Sung-soo. The group’s name now appears in lowercase letters that form a tree branching out into the sky. The changes signify the group’s commitment to sustainability and to the health of its custom

The upcoming superhero film "Eternals" is expected to smash the pandemic-hit South Korean box office, with its presale tickets outpacing those of its Marvel predecessor "Black Widow," data showed Monday. Marvel Studios' latest film to be released Wednesday had recorded 200,000 presold tickets as of 2:30 p.m., two days before its local release, according to the data by the Korean Film Council. The movie accounted for 78.8 percent of all tickets reserved at that time, overwhe

Tech giants, convenience stores and credit card firms offer discounts and specials

South Korea's Defense Minister Suh Wook held talks with the visiting Australian Army chief in Seoul on Monday to discuss defense industry cooperation and regional security, his office said. During the talks with Australian Chief of Army Lt. Gen. Rick Burr, Suh noted that a South Korean company has been chosen as the preferred bidder to supply self-propelled howitzers to the Australian military, and called for deeper bilateral cooperation in the artillery sector. The two sides also agreed to de

KT will pay 35 billion-40 billion won ($29 million-$33 million) to subscribers in compensation for the massive network outage last week, the country’s No. 2 telecom operator in terms of revenue said Monday.  In a press conference, executives of the firm acknowledged that the Oct. 25 incident was a human-caused disaster caused by lax oversight on its side and pledged to go “back to basics” to regain confidence from users.  “We deeply apologize for causing incon