SK Group Chairman Chey Tae-won has met with Chinese joint venture partners to discuss ways to expand cooperation in the petrochemical and chip businesses, his office said Sunday.　Days after announcing a plan to spend 46 trillion won ($38.2 billion) on building three chip plants over the next decade, Chey on Thursday visited a semiconductor plant in Wuxi in Jiangsu Province operated by a local subsidiary of SK hynix and met with business people and senior officials, the group said.  SK Group cha

　A new drink from the local unit of Paris-based Pernod Ricard targeting women is drawing attention amid the recent trend in Korea for lower-strength spirits.　The fruit-flavored liquor, dubbed Eclat by Imperial, is a whiskey-based spirit. The new product, which debuted in the Korean market in late July, is marked for its pomegranate aroma and an alcohol content of 31 percent.Spirit drink Eclat by Imperial (Pernod Ricard Korea)　“As seen in its name, Eclat, which means radiance in French, the produ

　An insurance product of the Korean unit of Allianz Life attracted insurance premiums worth 30 billion won ($25.4 million) in less than two months since its debut on July 1.　The company said Sunday that policyholders’ collective premium for its variable universal insurance product named the Allianz Team Challenge Variable Universal came to 30.21 billion won as of Aug. 21.The print ad to promote the Allianz Team Challenge Variable Universal product (Allianz Life Korea)　A policyholder of the produ

S-Oil, South Korea’s third-largest oil refiner, has been delivering customized study aids to disabled students from low-income families since 2010 as part of its ongoing efforts to give back to the local community.　　This month, the firm handed over equipment worth 100 million won ($92,800) to 42 low-income disabled youths at the Gyeonggi Assistive Technology Research Assistance Center in Suwon, Gyeonggi Province. S-Oil senior vice president Lee Chang-jae (left) delivers a certificate guaranteein

“Safe” and “dynamic” may appear to be conflicting ideas at first glance, but they are two of the most important factors affecting car purchases these days. 　And the Jaguar XE, Jaguar Land Rover’s premium sports sedan, has managed to satisfy both requirements. 　The stormy weather was not perfect for the media test drive for the newly launched Jaguar XE, but at the same time it offered a good chance to assess what the vehicle can offer in adverse weather conditions. The Jaguar XE (Jaguar Land Rove

Ferrari, an Italian luxury sports car manufacturer, has been ordered to recall 29 vehicles in South Korea due to defects in its air bags and head rests, according to the Ministry of Land, Infrastructure and Transport.　　Forza Motors Korea -- Ferrari’s official dealer in Korea affiliated with Hyosung Group -- has recalled a total of 27 vehicles for faults in the angle of the air bags and the position of the head rest, which could potentially risk the safety of the driver and passengers.Ferrari Cal

GS Group chairman Huh Chang-soo　GS Group chairman Huh Chang-soo has pledged to create 9,700 jobs for young Koreans by 2017 and implement the wage peak system across all of the group’s affiliates from next year, group officials said Sunday.　“A continued influx and growth of young talent is the backbone of a vibrant local and national economy,” Huh said in a corporate meeting attended by the heads of major GS affiliates and high officials. The meeting was held for two days in Chuncheon, Gangwon Pr