IMF, Finance Ministry split on focus of capital control measuresKorea should raise its policy rate faster to discourage volatile capital inflows into stocks and boost the effectiveness of capital barriers currently in place, Subir Lall, Internaional Monetary Fund's Mission Chief for Korea said.The head of the IMF delegation here assessed Korea’s capital flow management “effective,” but said more c

Kia’s MorningAuto Build, the world’s most circulated car magazine from Germany, selected Kia’s Morning as the best compact car in the world, The Hyundai Kia Automotive Group said.In a comparative analysis of the world’s compact cars, the magazine selected Kia’s latest version of Morning city car as the best model for driving comfort, followed by Hyundai’s i10.Other candidate models included Fiat P

GM Chevrolet cars featured on “Transformers: Dark of the Moon”GM Korea Co. is offering customers an opportunity to apply to watch a pre-screening of “Transformers: Dark of the Moon” in advance of its opening to the Korean public, the company said. The third installment of Michael Bay’s Hollywood blockbuster will be available for pre-screening by Monday June 20 on Chevrolet’s event website at www.e

Marketing chief says new SM7 beats rivals, firm recovering from Japan quake impactThe revamped SM7, to be released within three months, will be successful in the country’s upper largesized sedan market with its improved driving comfort, Frederic Artaud, marketing chief at Renault Samsung, predicted Sunday. “As showcased and proved at the Seoul Motor Show 2011, Renault Samsung is highly confident o

SINGAPORE (AFP) ― The Internet is poised for potentially one of its biggest shakeups in years as an industry body prepares to vote on Monday on a proposal to open up new domain suffixes for private companies.Under the changes to be decided at a meeting in Singapore, businesses would no longer be restricted to the list of generic top level domains that include .com, .net and .org when they apply to

Three are among 11 who received lowest grades in evaluationA government’s evaluation committee has called for the dismissal of the chiefs of three public corporations and institutions over their poor performance.Announcing the results of its assessment on Friday, the panel under the Finance Ministry also said the chiefs of local state-run corporations and institutions were better managers and ramp

LG Electronics on Friday marked the global launch of its “Optimus 3-D” smartphone, starting with the European markets. The Seoul-based company held a ceremony in Spain to mark the launch and plans to release its phones in 60 countries in Europe. The Optimus 3-D is a smartphone with third-dimensional functions. The phone features a 4.3-inch glasses-free 3-D display that gives users the third-dimens