South Korean President Moon Jae-in will send a special envoy to North Korea next week to arrange his scheduled summit with North Korean leader Kim Jong-un and also discuss ways to move forward the stalled denuclearization of the communist state, Seoul's presidential office Cheong Wa Dae said Fri
South Korean automobile experts plan to carry out a wide range of tests on three BMW 520d sedans by December to try to determine the exact cause of fires that have destroyed dozens of cars here.The Korea Automobile Testing and Research Institute said Friday it will find out the circumstances behind
South Korea will mandate that foreign IT companies designate an official in charge of managing personal information, sources said Friday.According to the industry sources, a relevant law was passed through a regular session of the National Assembly a day earlier that makes it mandatory for companies
Z-POP Dream Project (Z-POP Dream), a global entertainment platform headquartered in Korea, is set to revolutionise the pop music industry through the use of Blockchain technology. Leading the Z-POP dream is Founder and CEO, Jun Kang, an SM Entertainment veteran who initiated the first wave of K-POP
Friday, August 31, 2018Round-up of important news from major Korean dailies today and from international media:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.Moon urges local governments' efforts to create jobsPresident Moon Jae-in on Thursday urged local go
Samsung Electronics Co. and LG Electronics Inc. on Friday showcased their latest achievements in the field of 8K TVs and built-in home appliances, reflecting their commitment to penetrate deeper into top-of-the-line luxury products.For this year's Internationale Funkausstellung (IFA) Berlin, whi
A number of South Korean users of Samsung Electronics Co.'s Galaxy S7 raised issue with their smartphones suffering from a boot loop after updating to Android 8.0 Oreo, industry sources in Seoul said Friday.An insider at Samsung Electronics said it is currently carrying out a probe to check if t
Defense Minister nominee Jeong Kyeong-doo, the current chairman of the Joint Chiefs of Staff (JCS), is seen as an expert in joint military operations and fit to lead defense reform long marred by inter-service rivalries.Following a parliamentary hearing process, the 58-year-old Air Force general wil
President Moon Jae-in on Thursday urged local governments to step up their own efforts to create more jobs while promising increased support from the central government."The people's concerns are growing due to a drop in recent job indicators. Many regions are also facing difficulties from the
Thursday, August 30, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.S. Korean, Chinese, Japanese culture ministers meet in HarbinCulture ministers from South Korea,
Doosan Heavy Industries & Construction Co., the world's leading desalination plant builder, said Wednesday that it has sold its entire 10.55 percent stake in Doosan Bobcat Inc. for 368.1 billion won (US$331 million).Doosan Heavy said the stake sale to unidentified South Korean securities firms i
South Korea scrambled Air Force jets Wednesday to counter a Chinese military plane flying in the country's air defense domain without notice, defense authorities in Seoul said.It entered the Korea air defense identification zone (KADIZ) at around 7:37 a.m. and moved over southern and eastern wat
Culture ministers from South Korea, China and Japan began their three-day annual meeting in Harbin, China, on Wednesday, the South Korean culture ministry said.Culture ministers Do Jong-whan of South Korea, Luo Shugang of China and Yoshimasa Hayashi of Japan will discuss ways to expand trilateral cu
Chuseok is one of the largest gifts giving holidays in Korea, and to help you acquire the perfect gifts for treasured family, colleagues and business associates, Millennium Seoul Hilton is offering several luxury gift hamper sets for sale. Gift hampers go on sale from Monday, August 27th through to
Wednesday, August 29, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.S. Korea to hike budgets for joint projects with N. Korea in 2019South Korea said Tuesday it wi
Hotel Shilla Co., on Tuesday won the right to operate a duty-free shop at Gimpo International Airport in Seoul, the local committee in charge of the selection said.Hotel Shilla, an affiliate of the country's top conglomerate, Samsung, defeated Lotte Group in the bid, after the two were chosen as
South Korea is seeking to increase its defense budget 8.2 percent on-year in 2019, the largest expansion since 2008, as the country strives to build a slimmer yet smarter military and cope with the uncertain security environment.The defense ministry said Tuesday it has proposed a budget of 46.7 tril
South Korea said Tuesday it will expand the inter-Korean cooperation fund 14.3 percent on-year to 1.1 trillion won (US$990 million) in 2019, reflecting the recent peace mood highlighted by the April 27 summit deal.Especially, the budgets for cross-border projects such as the modernization of the Nor
Tuesday, August 28, 2018 Emphasizes CEO Yoo-cheol Woo of Hyundai Steel‘Business should be run in a nature-friendly way!’By Park Byung-uk, vice president/editorial writer (industry)This is the first installment in a series of articles on leading business companies in Korea and around t
By Park Byung-uk, vice president/editorial writer (industry)This is the first installment in a series of articles on leading business companies in Korea and around the world covered by the writer, a specialist in the business world in Korea and outside world. Park was formerly the director of the Bu