Asiana Airlines said Monday that it had decided to file a lawsuit against a U.S. television station for insulting the pilots of its jetliner that crash-landed at San Francisco Airport on July 6.“We decided to take legal action against KTVU in the United States that aired a report distorting and belittling the names of Asiana pilots,” the nation’s air carrier said in a statement.“We have already selected a local law firm for the lawsuit and plan to submit a petition to a U.S. court,” it added.On

Samsung Electronics’ newly upgraded application processor chips for the upcoming iPhone 7 are expected to boost the phone’s efficiency by at least 30 percent, sources said Monday.“The iPhone 7 will become much, much faster, by up to 30 percent,” said one source, declining to be identified.The new chips, to be supplied starting 2015, are equipped with 14-nanometer process technology, which in theory has double the efficiency of the current 28nm chips that Samsung supplies to Apple.In December las

Losses from real estate project lending top W340b: regulator

Renault Samsung Motors on Monday started taking pre-orders for the SM3 Z.E., the first full-electric compact in Korea that will roll off the carmaker’s Busan production line and go on sale in October.The SM3 Z.E., dubbed a “zero emission” model, is the second all-electric vehicle to be introduced here following Kia Motors’ Ray EV. It is the first electric sedan, the carmaker claimed. The Korean version of the Fluence of the Renault-Nissan Alliance can run for more than 135 kilometers when fully

Hyundai Motor Group said Monday the company and its affiliate Kia Motors won five Red Dot Design awards, international design awards given to applaud innovative designs, in four categories. The mother company grabbed awards in three categories ― “Event Design,” “TV, Film, Cinema and Animation” and “Corporate Films” for the outstanding designs of a display hall named “Vision Hall” at one of its training centers, and video arts being displayed at the hall titled “Who am we?” and “Mobius Loop.”Kia

LS Cable & System won a project to supply U.S.-based Southern Maryland Electric Cooperative with extra-high-voltage cables to transmit 230 kilovolts of power, the Korean company said Monday. The cables and connectors will be used for implementing a new power transmission and distribution network being built to handle the increased power demand in southern Maryland, the Korean firm said. The project will help establish an extra-high-voltage cable network for 1.5 kilometers across the Patuxent Riv