Korea Electric Power Corp. CEO Kim Ssang-soo pledged to boost the firm’s overseas sales to $26 billion by 2020 by improving the profitability and efficiency of its nuclear power and “green” businesses, the firm said Thursday.“We must carry out the construction of nuclear power plants in the United Arab Emirates as planned and win another nuclear reactor contract from abroad this year,” Kim said in

Hyundai Motor to invest W12tr, Hynix W3.4tr following Samsung’s W43trThe country’s large firms are unveiling their big investment plans for this year, hinting that many of them will take a more aggressive stance in expectation of a recovery in global demand.This week, a number of big firms and conglomerates, such as Hyundai Motor Group, LG, Samsung and Hynix Semiconductor, announced their larger i

Samsung Group plans to spend a record 43.1 trillion won ($38.4 billion) this year to consolidate its global leadership in electronics and shore up its charge into growing fields. Korea’s largest conglomerate on Wednesday announced its plan to increase investment by 18 percent year-on-year, which analysts say reflects its expectation of global demand recovery.The conglomerate also said that it woul

A shareholder of recently licensed Yonhap News Television has no stipulation regarding broadcast business in its articles of association. Critics note that Eulji General Hospital’s participation in television business is in violation of the law requiring a medical corporation to carry out business activities within the boundary of its articles of association.They also point out that the violation

Newly confident carmaker readies all-Chevrolet lineup for 2011 GM Daewoo Auto and Technology is pushing for a new branding strategy which could see it attaching the Chevrolet brand to all its new vehicles this year. The bold move reflects its newfound confidence from debt repayment and improved performance but has gotten mixed reactions from market watchers.The Korean unit of the U.S. auto giant p

Television makers will use the Consumer Electronics Show in Las Vegas to introduce new Internet services and blunt efforts by Google Inc. and Apple Inc. to dominate home entertainment. Samsung Electronics Co., LG Electronics Inc. and Cisco Systems Inc., the set-top box supplier, will unveil applications, signaling they won’t cede leadership to Google, Apple or other upstarts angling to get consume

LAS VEGAS (AP) ― Taiwan’s AsusTek Computer Inc. plans to start selling an array of tablet computers ― including hybrids that sit somewhere between a laptop and a tablet ― with the hope that variety is the best weapon against Apple Inc.’s iPad and other similar gadgets.Asus chairman Jonney Shih unveiled the new devices Tuesday ahead of the International Consumer Electronics Show in Las Vegas. They

 Five-star hotels, technical colleges also receive good marks for consumer-tailored servicesSamsung C&T Corp., known for its apartment brand “Raemian,” acquired the highest rating in a national consumer satisfaction survey last year, the Korea Productivity Center said on Tuesday. Yeungjin College and Daelim Industries Co. garnered the second and third places, respectively. The survey of 65,427 con