LG Display Co. ranked as the world's largest supplier of active-matrix organic light-emitting diode (AMOLED) displays for smartwatches in 2017, data showed Monday, apparently helped by strong shipments to Apple Inc.The South Korean display maker shipped 10.64 million units of AMOLED display pane
Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it is competing with Sembcorp Marine Ltd., a Singapore-based machinery company, to win a US$2 billion auction to build an offshore facility for U.S. energy giant Chevron.DSME has been shortlisted in the bid to supply a floating producti
South Korea's trade ministry is working on finalizing the members of the delegation for Washington's public hearing on auto tariffs slated for later this month, industry sources said Sunday.The Ministry of Trade, Industry and Energy decided to send the delegation to the July 19-20 public hea
LG Electronics Inc. said Friday its second-quarter operating profit advanced 16.1 percent from a year earlier, apparently led by stable sales of TVs and home appliances.Operating profit came to 771 billion won (US$691 million) in the April-June period, compared to 664 billion won posted in the same
The number of visitors to foreigners-only casinos in South Korea fell for a third year in 2017 due mainly to the fallout of a Sino-Korean row over a missile defense system, government data showed Friday.The 16 casinos reserved for foreigners attracted 2.22 million visitors last year, down 6.2 percen
Samsung Electronics Co. said Friday its second-quarter operating profit advanced 5.19 percent from a year earlier, but it failed to post record-breaking earnings apparently due to weaker-than-expected smartphone sales.Operating profit for the three-month period came to 14.8 trillion won (US$13.2 bil
North Korean hackers are suspected of carrying out cyber attacks aimed at raising profits and collecting data despite warm relations between the two Koreas, security experts here said Thursday.According to security sources, North Korea has not desisted from attacking South Korean organizations even
Prosecution investigators raided the headquarters of Hyundai Motor Co. on Thursday as part of an investigation into allegations that senior Fair Trade Commission officials landed jobs they were not supposed to after retirement.Investigators from the Seoul Central District Prosecutors' Office sei
LG Electronics Inc. said Wednesday it has won a consumer award from a local industrial certification agency for providing the best warranty service among home appliance manufacturers.The tech giant said it was named the best company in the research of the Korean Standard-Service Quality Index (KS-SQ
Samsung SDS Co. said Wednesday it released a new door lock equipped with the Internet-of-Things (IoT) technology for both the domestic and overseas markets, which can be activated remotely via smartphones.The IT arm of South Korean conglomerate Samsung said the IoT smart door lock, named the SHP-DR9
Small consumer electronics products are gaining popularity in South Korea due mainly to an increase in the number of single-person households, online shopping malls said Tuesday.Gmarket, a major online shopping mall, said the company chalked up sharp sales increases in most relatively high-priced sm
Trade remedy representatives and experts gathered in Seoul on Tuesday to discuss ways to promote free trade and ease trade disputes amid a smoldering trade war between the United States and China, Seoul's trade ministry said.The Ministry of Trade, Industry and Energy hosted the "Seoul Internati
South Korean exports of SUVs are expected to reach a new all-time high this year despite a drop in the country's overall overseas auto sales, a trade group said Monday.Overseas SUV shipments by five automakers in South Korea came to a combined 560,772 units in the first five months of the year,
South Korean banks' lending rates on unsecured loans have been rising at a fast clip in recent months, central bank data showed Monday, raising concerns over a possible rise in defaults.The average risk-weighted rate on new credit loans came to 4.56 percent in May, up from an all-time low of 3.7
South Korea has delivered its opposition to the United States' move to impose tariffs on imported autos through various channels as part of efforts to minimize the fallout for the local automotive industry, Seoul's trade ministry said Sunday.Paik Un-gyu, Minister of Trade, Industry and Energ
The number of listed companies on South Korea's stock exchanges that plan to offer interim dividends to shareholders rose 12.5 percent on-year to 45 in 2018, the country's bourse operator said Sunday.According to the Korea Exchange (KRX), 31 firms traded on the Korea Composite Stock Price In
South Korea's exports fell slightly in June compared with a year earlier, due to high base effect and shorter working days, government data showed Sunday.Outbound shipments reached US$51.23 billion last month, slipping 0.09 percent from a year ago, according to the data compiled by the Ministry
Demand for organic light-emitting diode (OLED) panels continued to grow this year, belying an overall poor showing in the global display market, data from an industry researcher showed Sunday.According to IHS Markit, OLED displays performed well, as the market for smartphones plateaued, resulting in
South Korea's employment agency said Saturday the combined amount of unemployment benefit handed out to job seekers jumped more than 20 percent in the January-May period of 2018 from a year earlier.Unemployment benefit paid to local job seekers over the first five months of this year came to 2.6
South Korea will continue to lead in the global memory chip industry and China will have limited impact, at least over the next couple of years, Moody's Investors Service said Saturday.As the world's largest consumer of semiconductors, China has made a heavy investment in the sector in order