South Korea's top automaker, Hyundai Motor Co., and its smaller affiliate, Kia Motors Corp., have ranked first and second in safety ratings by the U.S. Insurance Institute for Highway Safety (IIHS), outperforming global rivals.Hyundai obtained top safety pick (TSP) and TSP+ ratings for its 10 mo
Seoul shares may undergo upward momentum next week, as eased concerns over global trade disputes and positive forecasts for corporate earnings could whet investors' appetite for bargains, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,339.17 on Friday,
Hanwha Energy Corp. and Korea Midland Power Corp. will build a solar power plant in the United States by 2020, Hanwha Group said Friday.The construction of a 150-megawatt solar power plant is scheduled to begin in December 2019 and to be completed a year later in Boulder City, southeast of Nevada, t
Choi Jeong-woo, new CEO of South Korea's leading steelmaker POSCO Co., said Friday that the inter-Korean summit can create new opportunities for the steel industry.The executive was part of the business delegation that accompanied President Moon Jae-in on his trip to North Korea earlier this wee
U.S. Secretary of State Mike Pompeo voiced hope Friday for a second summit between the U.S. and North Korea "before too long," but added there was still work to do.Both sides have floated the possibility of a second meeting between U.S. President Donald Trump and North Korean leader Kim Jong-un to
Friday, September 21, 2018N. Korea media hail leaders' visit to Mount PaekduNorth Korea's state media on Friday hailed the visit to Mount Paekdu by the leaders of the two Koreas as a "historic" event in an era of enhanced cross-border cooperation.President Moon Jae-in and North Korean lead
North Korea's state media on Friday hailed the visit to Mount Paekdu by the leaders of the two Koreas as a "historic" event in an era of enhanced cross-border cooperation.President Moon Jae-in and North Korean leader Kim Jong-un climbed the peninsula's highest mountain Thursday, the last d
Consumer financing firms in South Korea saw their combined net profit gain 24.3 percent on year in the first half of this year, thanks to a robust gain in interest income, data showed Friday. The combined net profit of 92 credit-specialized financial firms stood at 1.1 trillion won (U
South Korea's producer prices rose to a four-year high in August as an unprecedented heat wave hurt the farming sector, central bank data showed Friday. The producer price index, a barometer of future consumer inflation, reached 105.43 last month, up 0.5 percent from a month earli
North Korean leader Kim Jong-un is ready to accelerate denuclearization of his country in exchange for security guarantees from the United States and wants to hold a second summit with U.S. President Donald Trump at an early date, South Korean President Moon Jae-in said Thursday. Moon
The United States on Thursday dismissed North Korea's conditional offer to dismantle a key nuclear site, saying denuclearization must come before concessions. North Korean leader Kim Jong-un expressed a willingness in this week's joint summit agreement with South Korean Presid
Thursday, September 20, 2018 Ambassador Vitaly Fen of Uzbekistan in Seoul has recently been conferred on a highest Medal of the Repbulic of Uzbekistan. Here is the related video:https://www.youtube.com/watch?v=GHgcYe3CgRc-----------------------------------------------------------------------
The following are excerpts from the message of Ambassador Riyad Almubaraky of the Custodian of the Two Holy Mosques to the Republic of Korea contributed to The Korea Post media for publication (publisher of 3 English and 2 Korean news media since 1985) on the occasion of the 88th anniversary of the
On the occasion of the 197th anniversary of the Independence of the Republic of Peru, Ambassador Daúl Matute Mejia of Peru and Mrs. Maria Gabriela de Matute hosted a reception at the Grand Hyatt Seoul on July 25, 2018.The reception was attended many distinguished guests from various segments
Value added network (VAN) operators in South Korea saw their earnings drop nearly 6 percent in the first half of the year due to increased costs of replacing credit card readers and terminals, the financial watchdog said Thursday.The combined net profit of 13 VAN operators came to 91.6 billion won (
South Korea's parliament is set to hold a plenary session Thursday to vote on key bills, including a proposal aimed at easing nonfinancial firms' ownership cap in Internet-only banks. The National Assembly is scheduled to convene at 2:00 p.m. to deliberate on a set of bills on
U.S. President Donald Trump said Wednesday that there has been "tremendous progress" with North Korea following another summit between the two Koreas' leaders. South Korean President Moon Jae-in and North Korean leader Kim Jong-un met in Pyongyang on Tuesday and Wednesday and jo
South Korean President Moon Jae-in and North Korean leader Kim Jong-un embarked on a rare trip Thursday to Mount Paekdu in an event designed to enhance their personal ties and also highlight the success of their summit in Pyongyang.The leaders left Pyongyang's Sunan International Airport shortly
Wednesday, September 19, 2018A study of Korean jaebeol business conglomeratesChairman Lee Kun-hee of Samsung Group accompanies President Moon to PyongyangBy Vice President Park Byung-wook with Reporter Sua KimThis is the third installment in a series articles on leading business conglomerates in Kor
By Vice President Park Byung-wook with Reporter Sua Kim This is the third installment in a series articles on leading business conglomerates in Korea and around the world covered by the writer, a specialist in the business world in Korea and outside the world. Park was formerly the di