An event to help turn South Korea into a nation of whisky-lovers is to be held this month. The Whisky Live international road show will come to Korea for the first time on Feb. 27. More than 2,000 people are expected to attend the event boasting more than 100 products from over 40 whisky brands. Attractions will include samplings, whisky master classes, VIP sessions, bartender awards, as well as m

Hanbul Motors Corp., the official importer of Peugeot vehicles, announced Monday that it signed an exclusive deal to import Citroen vehicles to Korea. With the launch scheduled for later in the year, the Citroen marque will return to the Korean market after a nine-year hiatus. Citroen vehicles were available in Korea during the 1990s and early 2000s, but imports were stopped in 2002.According to t

Sales of the luxury sports car brand Porsche rose to a new high in 2010, Porsche Asia Pacific announced Tuesday.According to the company, Porsche sales in the region jumped 89 percent from the previous year to come in at 2,265 units.In the Korean market, Porsche saw sales increase by 75.4 percent over the period to come in at 705 units.Along with Korea, Taiwan and Singapore also contributed signif

MUNICH (DPA) ― BMW is opening another chapter with open-top premium vehicles in launching the BMW 6 Series in Geneva with advanced chassis technology, more comfort, and numerous infotainment and safety features.The classic soft-top roof comes in customary “fin” design. According to BMW, the multi-layer roof has been optimized in terms of its acoustic properties and thermal insulation. The upright,

OPEC is under pressure from consumers to boost supply as most of the world’s benchmark crudes surpass $100 a barrel amid political unrest in North Africa and the Middle East.Oil prices are high enough to “derail” the global economic recovery, Fatih Birol of the International Energy Agency said this week. Saudi Arabian Oil Minister Ali al-Naimi said last week prices nearer $75 would be “appropriate

Korea's three financial services companies, including industry leader Woori Finance Holdings Co., have launched a due diligence on an ailing savings bank, industry sources said Friday. Mid-sized Samhwa Mutual Savings Bank has been suspended by thefinancial regulator as it failed to meet regulatory capital requirements. The government is seeking to sell the embattled savings bank unless it normaliz

South Korea's food prices climbed the second most on-year among the organization for Economic Cooperation and Development (OECD) members in December, data showed Thursday.Food prices in South Korea jumped 10.6 percent in December from a year earlier, higher than the OECD average of 2.6 percent, according to the data by the OECD.Among the 33 tallied countries, Estonia topped the list at 12.2 percen

LG Electronics Inc., the world's third-largest mobile phone maker, said Wednesday that it will release its first tablet PC in March in the U.S. market, as it tries to take its share in the booming market.The upcoming product, dubbed "G-slate," is among the first tablet models to run on the "Honeycomb" operating system, which is Google Inc.'s latest generation of Android platforms designed for mobi

South Korea's industrial production growth index for the manufacturing and mining sector grew for the third straight month in December despite concerns of general economic slowdown, a government report showed Wednesday.The report by Statistics Korea said index numbers reached 63.6 in the cited month, which is also the second month in a row that figures topped the "break-even" 50 mark.A index readi

South Korea's state-run expressway corporation said Wednesday that a local company won a contract to build and operate a highway rest area in Uzbekistan.Korea Expressway Corp. said the rest area will be built on the 300-kilometer-long highway connecting Tashkent and Samarkand. The unidentified Korean company will build the 99,000-square-meter rest area and retain operational rights over the facili