Lamborghini and other foreign supercar makers are ramping up efforts to tap the fast-growing South Korean market by unveiling new models, industry sources said Monday.Italian supercar brand Lamborghini recently held a Lamborghini Day event in Seoul to share its brand vision, strategy and plans with journalists and customers. It was Lamborghini's inaugural event in South Korea and the carmaker plans to hold it annually. From Left: Lamborghini`s super Urus SUV and Aventador SVJ (Yonhap)At the even

Global shipments of 8K TVs lagged far behind expectations in 2018, data showed Monday, apparently due to the lack of video content currently available that can fully meet the high-resolution standard.According to the data compiled by industry tracker IHS Markit, the global shipment of 8K TVs is expected to reach 18,000 units. (Yonhap)The figure marks a sharp drop from 85,000 units suggested by the agency in a separate report in April.For 2019, IHS Markit said shipments are expected to reach 430,

Passengers on an Air Busan flight bound for Gimhae International Airport from Taiwan said Sunday that they were required to stay on board their plane for six hours after bad weather forced a diversion to Incheon.The BX798 flight with 206 people on board left Taipei at 3:10 a.m. and was scheduled to arrive in Busan on 6:10 a.m., but it was sent to Incheon International Airport (IIA) as heavy fog made landing difficult.Passengers claimed that troubles began once the plane touched down at IIA at 6:

Fun driving doesn’t have to be all about speed and power. French sports utility vehicle QM6, for instance, offers premium audio inside the cabin, making every driving moment exquisite. Wherever you sit -- front or back – the QM6 delivers a premium sound quality, as if you are sitting on the center of a concert hall, thanks to 13 BOSE speakers that create deep base tone together with sophisticated sound. QM6 GDe are lined up for John Carney’s “Sing Street” at a drive-in theater in Seoul. Renault

Amid efforts to recover from the fire that broke out in the basement of KT’s building in western Seoul, South Korea’s No. 2 mobile carrier on Sunday apologized for the communication chaos caused by the blaze and emphasized its willingness to compensate those affected.KT Chairman Hwang Chang-gyu and Oh Sung-mok, the chief of KT’s network business division, visited the site of the incident, KT’s base transceiver station located in central Ahyeon-dong, Mapo-gu, and apologized for the inconvenience

The combined training on foreign stock given to private banking managers at Samsung Securities surpassed the 25,000-hour mark, as part of their enhanced focus on raising global investment capabilities, the firm said Sunday. This means, an inidivual PB manager received an average of 30 hours of training. Private Banking managers of Samsung Securities pose for a photo at Twitter in San Francisco. (Samsung Securities)Samsung Securities sent their “Global PB Research Group” to Vietnam, Japan, and th

The size of equity funds operated by South Korean brokerage houses that invest in affiliates of Samsung Group nose-dived throughout this year, apparently as its pharmaceutical arm faced a crisis for its alleged accounting fraud, data showed Sunday.(Yonhap)According to the data compiled by market tracker FnGuide Inc., the market capitalization of the country's top 25 Samsung equity funds came to 1.7 trillion won ($1.5 billion) as of Thursday, down 523 billion won from the start of the year.Samsun

Hyundai Motor Co.'s performance-oriented Veloster N coupe is off to a solid start in the South Korean market, having sold more than 1,000 units since its launch in June, industry sources said Sunday.Market watchers said that as of Wednesday, South Korea's No. 1 carmaker sold 1,007 units of the N-badged car. Hyundai had initially said it is launching the Veloster N here not to sell a lot of the cars but to showcase its technological prowess and bolster its corporate image among local consumers. I

Australian steelmaker marks first case of real-time English-translated pleading

Samsung Electronics Co. maintained its top global smartphone maker title by taking 19 percent of the market share in the third quarter of 2018, industry data showed Friday.The South Korean tech giant shipped 72.3 million units of smartphones over the July-September period, according to the data by industry tracker Counterpoint Research. This is down from 83.3 million units posted in the same period last year, when Samsung took up 21 percent of the market.(AFP)China-based Huawei Technologies Co.,

Recipients of a scholarship program run by Han Sung Motor, the largest official dealer of Mercedes-Benz here, are participating in a local craft fair that runs through Sunday, the company said Friday.The Craft Trend Fair being held at Coex in Samseong-dong, Seoul, is hosted by the Ministry of Culture to promote the nation’s craft culture and introduce aspiring artists. Works by Dream Gream scholarship recipients are displayed at Han Sung Motor’s booth at the Craft Trend Fair that runs through Su

Online hotel booking platform Agoda said Friday that the South Korean corporate watchdog's recent order to revise its refund policy will result in the restriction of consumer choices.On Wednesday, the Fair Trade Commission ordered Agoda and Booking.com -- brands under global online travel firm Booking Holdings Inc. -- to revise their policies which ban refunds for certain products regardless of the reservation date. (Yonhap)"The accommodations available on the Agoda app and website are already o

Shares gifted worth around 960 billion won

JEONJU, South Korea -- South Korea has officially established an association for drone soccer, officials here said Friday, as the country aims to host an international competition in 2025. The municipal government of Jeonju said that the Korea Drone Soccer Association was officially recognized as a legal entity by the Ministry of Trade, Industry and Energy. The association is co-led by Jeonju Mayor Kim Seung-su and CAMTIC Advanced Mechatronics Technology Institute chief Yang Gyun-eui.  (Yonhap)J

South Korean low-cost carrier Air Busan said Friday that it will go public on the country’s main Kospi bourse next month.Air Busan said it will submit an application for the listing of its stock to the Financial Supervisory Service and decide the final stock price by mid-December. Air Busan is one of two budget affiliates of full-service carrier Asiana Airlines. The other is Air Seoul.According to the company, with the IPO it aims to raise 18.7 billion won ($16 million) to 20.8 billion won at 3,