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Most foreign-owned land held by US citizens, houses by Chinese
'12.12: The Day' wins big at 45th Blue Dragon Film Awards
Ulsan goalkeeper Jo Hyeon-woo voted 2024 K League 1 MVP
Gangwon's teen phenom Yang Min-hyeok voted top rookie in 2024 K League 1 season
[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea
Presidential office criticizes opposition-led state auditor, prosecutor impeachment motions
October foreign visitors jump 30 percent on-year
Samsung promotes tech-savvy execs to tackle challenges
Defense chiefs of Russia, N. Korea meet amid escalating Ukraine war
V releases digital single with Park Hyo-shin
‘NewJeans are no longer under Ador,’ says legal expert
Morocco promises robust incentives for Korean businesses
Talks on UN plastic treaty remain stalled with 2 days to deadline
Korea scales back AI digital textbook rollout in classrooms
Children’s bubble spray poses explosion risks
Rebuilding Korea Party spokesperson’s law license revoked
[Today’s K-pop] BTS' 'Butter' hits 1b views on YouTube
Incheon Airport completes expansion to handle 100m passengers annually
Posco Group builds 2nd lithium hydroxide plant in Korea
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Finance minister stresses need to boost job creation
Industry
Jun 4, 2013
South Korea's finance minister on Tuesday stressed the need to boost job creation and encourage more women to join economic activities. "Globally, how to boost employment rates has posed a challenge (to policymakers), warranting attention," Finance Minister Hyun Oh-seok told reporters before holding a meeting with Bank of Korea (BOK) Gov. Kim Choong-soo. "It is critical to encourage more women to participate in economic activities." His remarks on job creation are in line with the government's p
CJ under spotlight for tax evasion, false-name accounts
Industry
Jun 3, 2013
Chairman apologizes to employees, says will take responsibility
Thailand’s mega water project adrift: sources
Jun 3, 2013
Doubts about whether Thailand’s $12 billion water-related project will proceed as planned are rising among Korean builders.The Thai government is scheduled to select preferred bidders for the nine project modules on Tuesday, but Korean participating firms believe that the announcement will be delayed without a fixed deadline due to differences over price. “We expect the announcement to be made around June 11, but we haven’t received any official notice from the Thai government on the adjusted ti
Korea issues first electricity reserve warning
Jun 3, 2013
Amid escalating concerns over the shutdown of several nuclear reactors, the Korea Power Exchange issued on Monday a first-step warning on the nation’s electricity supply.The “preparation” warning was issued at 1:31 p.m. on Monday as the temperature rose to the mid-summer level and the electricity reserve margin fell below 4.5 million kilowatts, according to officials.The KPE earlier predicted that the inventory could drop further to 3.7 million kilowatts, triggering the “attention” warning, the
[Graphic News] Nuclear plants’ operation rate declines
Jun 3, 2013
When it comes to nuclear power plants, Korea had maintained a higher operation rate than other countries. But the recent suspension of four nuclear reactors over the use of faulty parts or maintenance tarnished the nation’s image as an atomic energy powerhouse.According to the state-run Korea Hydro and Nuclear Power Co., Korea’s operation rate of nuclear power plants has sunk to below 80 percent for the first time in its history.The company said from January to April this year, Korea’s nuclear r
[Power Korea] Stable water supply: Lifeblood of economic growth
Jun 3, 2013
Water is one of the essential resources for the economic growth of a country. It contributes to food production, industry supply and the health and welfare of the people.This is why Korea has continuously invested in water-related infrastructure, including multipurpose dams and water treatment systems, since the beginning stages of the nation’s economic development in the 1960s. Water resource development history in Korea The primary objective of the development of water resources, therefore, i
Four vying for top KB Financial post
Jun 3, 2013
Four among 11 candidates singled out, Min and Lim seen leading the race
Inter-affiliate trading of chaebol dips for first time since 2008
Industry
Jun 3, 2013
The inter-affiliate trading of South Korea’s top 30 conglomerates dipped last year for the first time since 2008, data showed Monday, amid growing calls for reining in the economic dominance of family-controlled conglomerates.The move appears to represent the commitment by conglomerates, known as chaebol in Korea, to share its growth with small businesses, which account for 99 percent of all enterprises in South Korea.Chaebol have long been criticized for awarding lucrative business deals to the
Hyundai-Kia domestic sales continue to slide
Industry
Jun 3, 2013
Hyundai Motor and its affiliate Kia Motors show little sign of recovering on their home turf from their slowing car sales in recent months. Hyundai Motor said Monday that its global car sales increased 10.4 percent to 402,406 vehicles in May from a year ago. But its domestic sales continued its downward trend in recent months, posting a 0.2 percent decline to 57,942 units in the month. Despite a slight increase in SUV sales, reduced working days at its Korean factories negatively affected its do
Innovation would help Korea combat low growth, Nobel laureate says
Jun 3, 2013
QE exit by advanced economies not likely to affect Korea, emerging markets
Samsung grabs over 10% share of global chip market
Industry
Jun 3, 2013
Samsung Electronics Co., the world’s top memory chip maker, maintained its share of the global chip market at more than 10 percent in the first quarter on the back of a growth in system semiconductors, industry data showed Monday.According to the data compiled by market information provider iSupply, Samsung accounted for 10.5 percent or $7.77 billion of the global semiconductor market in the January-March period to rank second among the world’s major chip makers. Intel Corp. of the U.S. took the
LG taps Korea Employers Federation chief as adviser
Industry
Jun 3, 2013
LG International, the commercial trade arm of LG Group, on Monday said it tapped Lee Hee-beom, the head of the Korea Employers Federation, as an adviser to the company. LG International said Lee was chosen for his expertise, professionalism and global network. Lee also headed STX Heavy Industries and STX Engineering and Construction ― both affiliates of the financially distressed STX Group ― until last month when he stepped down citing personal reasons.Previously, Lee had been in key positions a
Mercedes-Benz to launch new E-Class this month
Industry
Jun 3, 2013
Mercedes-Benz Korea said Monday that it would launch the new face-lifted version of its best-selling midsize sedan E-Class later this month. The 2014 E-Class, the ninth generation coming four years after the 2009 model, gets a revamped styling, and is newly equipped with improved engines and high-tech features. The new car, which was first unveiled at the Detroit motor show in January, is to do away with the signature quad-headlight setup, opting for a dual-headlight design. A total of eight mod
Ewha graduates increase presence at foreign firms
Business
Jun 3, 2013
Ewha Womans University graduates made up a significant share of graduate workers at foreign companies in Korea, a recent survey has indicated.Korea Foreign Company Employee’s Human Network, an online association of employees of foreign companies here founded in 1999, recently surveyed some 6,500 of its members.The online club said that 320 of its members, or about 5.6 percent of the survey participants, were Ewha alumni. Korea University won second place with 5.2 percent, followed by Yonsei Univ
Toni & Guy eyes 30 Korean salons this year
Industry
Jun 3, 2013
U.K. hairdressing brand puts focus on investment in staff training
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NewJeans to terminate contract with Ador
Korean Air gets European nod to become Northeast Asia’s largest airline
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NewJeans terminates contract with Ador, embarks on new journey
Seoul snowfall now third heaviest on record
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Chaos unfolds as rare November snowstorm grips Korea for 2nd day
‘VCHA, Katseye and Dear Alice are not K-pop groups,’ industry experts say
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BOK makes surprise 2nd rate cut to boost growth
Ador claims exclusive contracts with NewJeans still valid
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Japan will pay for failing to honor promises, minister says
‘Green aurora’ is Seoul's color of 2025
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