SK Telecom announced Thursday the mobile carrier’s shareholders approved the spinoff of its mobility business unit as part of enhancing the carrier’s future mobility solutions. Approved by 99.98 percent of its shareholders, a new mobility business dubbed as T Map Mobility will be established on Dec. 29 as a wholly owned subsidiary. The unit has been operating SKT’s T Map service, the largest mobile navigation service whose users doubled from its rival Kakao’

Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has succeeded in a ship-to-ship liquefied natural gas (LNG) loading test for the first time in the global shipbuilding industry. The ship-to-ship LNG loading test was aimed at streamlining procedures to verify the safety of newly built LNG carriers' tanks and to save on test costs, Daewoo Shipbuilding said. Before the ship-to-ship LNG loading test, newly built LNG carriers were usually sent to local LNG terminals far away

Korean Air Lines Co., South Korea's biggest carrier, said Thursday it has received a 290 billion won ($260 million) F-16 maintenance order in the United States.  In the 10-year deal signed with the US Department of Defense, Korean Air will be in charge of maintenance, repair and overhaul (MRO) work for the life extension of the F-16 Fighting Falcon aircraft deployed to the US air forces in South Korea and Japan, the company said in a statement. The national flag carrier has been providi

South Korea will start to unveil more digital services, from mobile identification to artificial intelligence (AI) doctors, as the pandemic limits face-to-face contact, the ICT ministry said Thursday. The Ministry of Science and ICT said it has named key services to support for digital transition amid the pandemic, including rolling out mobile identification for public servants from this year and mobile driver's licenses from next year. The ministry said it will also pursue a test service for

Samsung Electronics Co. maintained the top spot in the Western Europe smartphone market in the third quarter of the year, a report showed Thursday, despite sales decline. The South Korean tech giant shipped 10.3 million smartphones in Western Europe in the July-September period for a 35.6 percent market share, according to industry researcher International Data Corp. (IDC). The figures were slightly down from a year ago when the company shipped 11 million smartphones for a 35.8 percent marke

Overseas sales made by top 100 firms by revenue

Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are set to export over 100,000 electric vehicles this year on growing demand for environment-friendly cars. Hyundai and Kia shipped a combined 98,505 EVs from January to October, jumping 71 percent from 57,517 units during the same period of last year, according to the companies. "Stricter emission rules in Europe drove up demand for all-electric and less-emitting models," a Hyundai spokesman said. Hyundai's

　KT, a South Korean telecom giant, and its affiliate had the most number of pay TV subscribers in the country in the first half of this year, maintaining the top status in terms of market share, ministry data showed. 　The mobile carrier and its satellite TV unit KT Skylife had a combined 31.4 percent share of the market, or 10.7 million subscribers, in the January-June period, followed by LG Uplus and its pay TV unit LG HelloVision at a total 25.1 percent, according to the Ministry of Scien

South Korea's trade deficit with Japan edged up in the first 10 months of the year, data showed Thursday, as a local boycott of Japanese consumer goods shows signs of losing steam. Seoul posted a trade deficit of $16.56 billion in the January-October period, compared with $16.42 billion during the same period a year earlier, according to the data from the Korea International Trade Association (KITA). Exports to the neighboring country fell 13 percent on-year to $20.63 billion over the cited pe

CEO Ha Hyun-hwoi steps down

Hanjin, KCGI continue to butt heads over Asiana deal

LG Display, in its annual personnel appointment announcement Wednesday, introduced a new chief technology officer, Yoon Soo-young. Yoon will replace incumbent CTO Kang In-byeong. All new appointments are effective January 1st, LG Display said. Yoon, formerly the head of LG Display Laboratory, has been acknowledged for his role in leading the company‘s business transition to next-generation organic light-emitting diode technology. LG Display said that it has promoted 19 more officials

Hyundai Motor Chairman Chung Euisun on Wednesday held a meeting with Lotte Group Chairman Shin Dong-bin at Lotte Chemical’s advanced materials plant in Uiwang, Gyeonggi Province, according to news reports Wednesday. The two chiefs reportedly discussed how to apply Lotte Chemical’s new materials under development to Hyundai Motor’s future eco-friendly vehicles such as electric vehicles and hydrogen vehicles. However, neither Hyundai Motor Group not Lotte Group officials said

South Korean game company Smilegate said Wednesday it has donated 50 tablet PCs worth 30 million won ($27,100) to eight youth institutions, providing the tools for students from low-income households to take online classes amid the coronavirus outbreak. For the donation, Smilegate Foundation’s Hope Studio collaborated with SundayToz, a Korean mobile game developer. After launching a donation campaign among users of its popular puzzle game Anipang 4, SundayToz raised 30 million won, which