South Korea's top 100 companies have seen their total market capitalization swell nearly 11 percent over the past one-year period, a corporate tracker said Wednesday. The combined market value of those leading firms came to 2,128 trillion won ($1.78 trillion) as of Jan. 3 this year, up 10.8 percent from a year earlier, according to Korea CXO Institute. The number of listed firms with a market c...

LG Electronics said Wednesday it has supplied its premium in-car infotainment system to be featured in the 2022 Mercedes-Benz EQS full-electric luxury sedan. LG’s system combines three displays – instrument cluster display, central information display and co-driver display – into a single, panoramic screen that stretches across the entire width of the car’s dashboard. Thanks to the use of a pla...

JEONJU -- The founder of South Korean budget carrier Eastar Jet Co. was sentenced to six years in prison on Wednesday for embezzlement of company funds and breach of trust. A district court in Jeonju, 240 kilometers south of Seoul, handed down the sentence to Eastar founder and independent lawmaker Lee Sang-jik after convicting him on several charges, including embezzlement. The Jeonju District...

Main opposition presidential candidate Yoon Suk-yeol on Wednesday unveiled a set of measures to upgrade the country's gaming industry, including disclosing information on randomized in-game items, in his latest move to woo young male voters ahead of the upcoming election. Yoon of the People Power Party (PPP) said he would mandate game developers to disclose the odds of getting randomized items, ...

South Korea's money supply expanded in November as savings increased due in part to rising interest rates, central bank data showed Wednesday. The country's M2, a key gauge of the money supply, stood at 3,589.1 trillion won ($3.01 trillion) on average in November, up 1.1 percent, or 39.4 trillion won, from a month earlier, according to the preliminary data from the Bank of Korea (BOK). The grow...

BEIJING , Jan. 12, 2022 /PRNewswire/ -- The city of Wuhu in east China's Anhui Province features an intrinsic value of innovation, which guides it to create a supportive and inclusive environment for the innovative bodies, leading to a self-consistent development path, said Shan Xiangqian, Party chief of Wuhu. Photo shows Shan Xiangqian, Party chief of Wuhu City in east China's Anhui Provi...

South Korean e-commerce giant Coupang said Wednesday it has exclusively launched the product lines of Nitori, Japan’s largest furniture and household goods brand. According to the company, Coupang will directly import Nitori products so that customers in Korea can conveniently purchase the brand’s items. Celebrating the launch, Coupang presents a limited-time offer from Wednesday to Friday. Any...

The Paik’s Video Study website will officially open Jan. 29 to coincide with the anniversary of Paik’s death. The art center finished converting the video archive into digital format in 2016, exclusively managed by the art center. The 700 videos include “Good Morning Mr. Orwell Paris Live” from 1984, “Bye Bye Kipling Post” from 1986, “Zen for Walking: Dragging the Violin” and “KBS Year-end Specia...

Safety inspections took place at major construction sites across South Korea on Wednesday, as the search continued for workers missing in Tuesday‘s collapse of a Gwangju apartment building that was under construction. The Gwangju Metropolitan Government earlier in the day ordered the temporary shutdown on all construction sites in the city run by Hyundai Development Co., the company involved in ...

A new fantasy webtoon and web novel inspired by K-pop superstars BTS will be released later this week, the group's management agency said Wednesday. Hybe said its original story of "7Fates: Chakho" will be available on Naver Webtoon, an online platform for web-based comics run by South Korea's top portal operator, on Saturday. "7Fates" is based on tales of a tiger-hunting corps during the Joseo...

President Moon Jae-in on Wednesday ordered a thorough investigation into a construction site accident that left six people unaccounted for, his spokesperson said. Moon's order comes a day after the facade of a high-rise apartment building under construction in the southwestern city of Gwangju collapsed, leaving six workers missing. "Thoroughly investigate the fundamental cause of the recent ser...

GWANGJU -- The chief of Hyundai Development Co. apologized Wednesday over the collapse of a facade of a high-rise apartment building under construction, which has left six workers still missing. The exterior wall of the apartment building in the southwestern city of Gwangju crumbled down at around 3:46 p.m. Tuesday, with at least one person injured and about 10 vehicles buried under the rubble. ...

GWANGJU -- A safety inspection was under way Wednesday as authorities weighed when to resume a search for the six workers who went missing after the collapse of a facade of a high-rise apartment building under construction in the southwestern city of Gwangju a day earlier. Search efforts at the collapse site were temporarily suspended Tuesday night due to safety concerns over possible further di...

The Supreme Prosecutors Office (SPO) on Wednesday ordered the launch of a joint investigation into a construction site accident in Gwangju in which six people remain unaccounted for. Six workers were unaccounted for after a facade of a high-rise apartment building under construction in Gwangju, 330 kilometers south of Seoul, collapsed Tuesday, according to police. The SPO said it ordered the Gw...

Daewoo Engineering & Construction on Wednesday named Baek Jung-wan, the current head of the constructor’s housing division, as its new CEO whose appointment will be finalized in an upcoming board meeting once the planned acquisition by the Jungheung Group completes next month. Baek, 59, a career insider, joined Daewoo E&C in 1985. He has worked as an onsite leader for Daewoo’s major apartment co...