South Korea’s stock market is expected to continue its upward movement this week as investor worries over high energy prices may ease and outlooks for major economies could improve, analysts said Saturday.Still, anxiety remains that the debt crisis in Greece might hurt investor sentiment significantly and reverse the market course, they noted.The country’s key stock index, the KOSPI, gained 2.89 p

Work has started on the third phase of the Incheon International Airport expansion plan that will fuel growth of the key Northeast Asian transportation hub, the Incheon International Airport Corp. (IIAC) said Sunday.The state-operated corporation said that it picked blueprints for the airport’s second passenger terminal drawn up by a consortium led by Heerim Architects and Planners Co.It said the

Samsung Electronics may be penalized for obstructing an investigation by the Fair Trade Commission.Sources from the antitrust watchdog said the agency is considering penalties over an incident in March when employees of Samsung Electronics’ Suwon plant barred the commission’s investigators from entering the facility.The investigators had been dispatched to monitor the manufacturing price of mobile

Combined market share of mid-sized sedans made by Hyundai Motor Co. and its sister company Kia Motors Corp. ranked first in the United States last month, industry sources said Sunday.Sources said sales of Hyundai’s popular Sonata sedan reached 22,754 units in May, while Kia sold 7,401 Optima sedans in the one month period. This pushed up market share of the two models to 19.0 percent of all mid-si

Bank offers ‘final proposal,’ but union sees no differenceAbout 3,000 unionized workers of Standard Chartered First Bank Korea are poised to go on an indefinite strike this week as they have failed to reach a compromise with management on salary.Despite continued efforts at persuasion and proposals by management, the union still opposes plans from the U.K.-based bank’s Korean unit to introduce a p

SEOUL (Yonhap) -- Unionized workers of SC First Bank, the South Korean unit of Standard Chartered Plc, launched an indefinite strike Monday in protest against the management's move to introduce a performance-based pay system."The labor union has kicked off an indefinite labor strike, and we will not budge until the management withdraws its move and the two sides reach a collective bargaining agree

Kangwon Land, Korea’s only legal casino for domestic citizens, announced a plan to adopt lower stakes games to deal with gambling addiction.Just this year, the Korean Casino lowered the bottom limit of gaming on some of its machines from 500 won (about 50 cents) to 100 won.As Kangwon Land continues to reduce the stakes, 88 percent of their machines allow gamers to play with just 10 won.An official

A former Coca-Cola truck driver committed a $1 bank robbery to get free health care while in prison, The Telegraph reported. James Richard Vernone, who has never been in trouble with law, decided to rob a RBC bank in North Carolina.Mr. Vernone, 59, has been unemployed and suffering from several health problems. He walked into the bank with a note saying “This is a bank robbery. Please give me $1.”

Apple Inc. filed a lawsuit against Samsung Electronic Co. Friday, accusing the South Koran company of infringing its patented technologies used in making its iconic smartphone, the iPhone.   In a complaint filed with the Seoul Central District Court, Apple requested that Samsung Electronics be stopped from selling a line of its touch screen smartphones and a tablet PC that hit the local and global