Hyundai Motor Co., South Korea's biggest carmaker by sales, said on Oct. 14, 2018 that it aims to ship 5,000 hydrogen fuel cell electric vehicles to France by 2025. The carmaker plans to sign initial agreements with local companies to promote hydrogen fuel cell electric vehicles (FCEV), the comp
The number of female executives at South Korea's top 100 companies doubled to more than 200 from five years ago, but the increase in the ratio to the total number was still paltry, stopping at 3.2 percent, latest figures showed on Oct. 15, 2018. An analysis by market researcher Korea CXO Institu
South Korea's jobless rate rose slightly in September due to a fall in employment in the retail and restaurant sectors, with poorer-than-expected job creation showing no signs of a letup, government data showed Friday.The unemployment rate stood at 3.6 percent last month, up 0.3 percentage point
South Korean smartphone makers have released smartphones with three or more rear cameras in line with rising demand from the industry for handsets with premium photography features.Samsung Electronics showcased the Galaxy A9 smartphone earlier this week, which marked its first handset to come with a
Some 60 percent of bank services and products, including deposits and lendings, are processed online, regulator's data showed Wednesday, indicating a trend for non-face-to-face financial services.Records provided by Financial Supervisory Service to Rep. Lee Hack-young of the ruling Democratic Pa
Daesang Co., South Korea's major ready-made kimchi producer, said Tuesday its sales in the third quarter rose 11 percent on-year as consumers turned to packaged kimchi amid sky-high cabbage prices.Rising prices of the pickled side dish's key ingredient, coupled with low inventory of its prod
Shares of South Korean tech giant Samsung Electronics Co. topped the list of holdings sold off by foreign and institutional investors in 2018, market data showed Monday. During the first nine months of this year, offshore investors sold shares of Samsung Electronics worth 3.56 trillion won (
LG Electronics Inc. said Monday it aired a special video dedicated to South Korean boy band BTS at Times Square In New York to coincide with the K-pop group's world tour. The tech giant said it aired the video, which included music clips and messages from fans, for 24 hours over t
The Cabinet approved a 1.1 trillion won (US$972 million) in-kind investment for a state agency in charge of reclaimed land in the southwestern coastal area of Saemangeum in order to help facilitate infrastructure construction in the area, Seoul's finance ministry said Monday. The
The Fair Trade Commission (FTC) of the Republic of Korea in Seoul, the Korean corporate watchdog, announced on Oct. 4, 2018 that they have decided to impose KWN134 million (US$118.800) in fines on Woori FTC, an ICT firm affiliated with major banking service group, the Woori Bank, on charges of suspe
The automobiles made in the Republic of Korea (south) could be hard hit if the United States decides to impose 25 percent tariffs on foreign vehicles and auto parts under its Trade Expansion Act, the Institute for International Trade (IIT) in Seoul predicted recently.According to a report of the IIT
E-Mart Inc., South Korea's largest discount hypermarket chain by sales, said Friday it will launch the first outlet of its premium grocery store in Los Angeles next year, the latest in a series of moves to expand its presence abroad.E-Mart has signed a 10-year contract to lease three floors of a
Samsung Electronics is expected to post a record operating profit of 17.2 trillion won (US$15.4 billion) in the third quarter of this year supported by firm demand for memory chips. This was recently learned from the market sources.The consensus formed by major brokerage firms in Korea marks an 18.5
North Korea's deputy prime minister has admitted economic difficulties and called for South Korea's assistance, a South Korean presidential official said Friday, in a rare appeal by the North to try to boost its economy.Ri Ryong-nam made the comments in a meeting with top South Korean busine
Two BMW diesel vehicles on the German automaker's recall list have caught fire in less than two days in South Korea, authorities said Monday.According to a report by Yonyap on Sept. 24, a BMW 520d caught fire shortly before Monday noon while going up a hill in Pyeongchang, 180 kilometers east of
Deputy Prime Minister Ri Ryong-nam of North Korea has admitted economic difficulties faced by his country, and asked for assistance and support from the Republic of Korea (south). This was disclosed by Special Presidential Economic Advisor Kim Hyun-chul.DPM Ri of North Korea made the comments in a m
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
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
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