Hyundai Motor Co. on Thursday launched the Sonata N Line model in the domestic market to diversify its lineup. The Sonata N Line sedan comes with a 2.5-liter turbocharged gasoline engine and an eight-speed dual clutch transmission, the company said in a statement. It can reach 100 kilometers per hour in 6.5 seconds and is equipped with safety features, such as the lane keeping assist and front collision avoidance systems, it said. The model is priced at 30 million won-36 million won ($27,00

Doosan Heavy Industries & Construction Co., a South Korean power plant builder, said Thursday that it will cooperate with a local power company, Korea Midland Power Co., to tap into the overseas hydropower plant market. The two companies will aggressively expand their presence in the Southeast Asian hydropower plant market that is estimated to grow by 40 gigawatts by 2040, Doosan Heavy said in an emailed statement. Korea Midland Power has been operating two hydropower plants in Indonesia

GAPYEONG, Gyeonggi Province -- Renault Samsung Motors CEO Dominique Signora stressed the importance of maintaining good labor relations Wednesday, following the reelection of a hardline union chief days before.  Speaking to reporters during a test-driving event for the revamped QM6, Signora also said his company would make utmost efforts to gain competitiveness in global sales, as exports are crucial for company sales.  The automaker decided to export the XM3, its compact sports util

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South Korean energy producer Posco Energy said Wednesday it had begun operations of its new liquefied natural gas carrier business the same day, becoming the first private LNG terminal operator in the country to do so. An opening ceremony took place Wednesday at Gwangyang LNG Terminal in South Jeolla Province, nearly two months after the energy business arm of major steelmaker Posco received a business license from the Ministry of Trade, Industry and Energy in September. The company explained

US cosmetics giant Estee Lauder has apologized after unilaterally shipping a darker shade of foundation to Asian customers, but their decision to single out women in their apology is drawing yet another round of criticism. The company came under fire earlier this week after a viral online review revealed that a matte foundation product ordered online arrived in a different shade with a note explaining that Ivory Nude was the “best color for Asians” while Shell, which the customer h

South Korean retail giant E-Mart said Wednesday that its net profit rose 6.7 percent in the third quarter from a year earlier, thanks to its faster-than-expected sales recovery from the pandemic and renewal of its outlet networks. The company posted a net profit of 119.9 billion won ($107.9 million) in the July-September period, compared with a net profit of 112.4 billion won a year earlier, E-Mart said in a regulatory filing. Operating profit hiked 30.1 percent on-year to 151.2 billion won,

Two of the top four televisions of 2020 selected by US Consumer Reports were LG Electronics’ organic light-emitting diode TVs, according to a report on Wednesday. The LG OLED TV 65-inch C9 and CX models received the highest scores in the high definition and ultra-high definition categories, the report said. The three-dimensional sound effect offered by Dolby Atmos was also recognized. The other two best TVs were Sony’s OLED TV and Samsung Electronics’ QLED TV (Q90). Sams

GAPYEONG -- Renault Samsung Motors Corp., the South Korean unit of Renault SA, will focus on promoting SUV models to revive sales amid the coronavirus pandemic, the company's country manager said Wednesday. Renault Samsung has suffered a sharp decline in sales this year in Asia's fourth-biggest economy due to lack of new models and the COVID-19 pandemic's impact on production and sales. "We don't really know about the market because of the coronavirus, but the QM6 SUV and the XM3 SUV (set

Unionized workers at Hyundai Mipo Dockyard Co. launched a strike vote Wednesday after failing to bridge a wide gap with its management on a wage and collective agreement. The 2,000-strong union members of the shipbuilder, a unit of Korea Shipbuilding & Offshore Engineering Co., began casting votes over whether to authorize a strike. The strike vote is set to end Friday. On Oct. 28, the union asked the regional office of the National Labor Relations Commission in the southeastern industria

The number of individuals covered by state employment insurance increased 2.6 percent, or 364,000 people, on-year in October, according to the Ministry of Employment and Labor’s data. The increase followed the creation of new service sector jobs by the central and local governments amid the COVID-19 pandemic. New state employment insurance subscriptions have now recovered to pre-COVID-19 levels, according to the ministry. In February, the number stood at 376,000. The figure, however,

Unionized workers at GM Korea Co. said Wednesday that they will continue their partial strike this week for higher wages despite the company's statement that it may reconsider planned investments in its plants. GM Korea's daytime and night-duty workers will stage a four-hour strike from Wednesday to Friday, while continuing to refuse to work overtime during the week and on the weekend, union spokesman Cho Ha-soo said over the phone. The daytime and night workers already held two rounds of par