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Fri, April 27, 2018 | 17:38

SUVs to spearhead Hyundai Motor's China rebound

Hyundai Motor and Kia Motors are seeking to rebound in China, hoping that the new SUV lineup could uplift declining sales in the country. Hyundai Motor Vice Chairman Chung Eui-sun on Wednesday told reporters at the Beijing International Automotive Exhibition that Hyundai Motor's goal in China this year is “selling 900,000 vehicles,” adding that he is quite sure the group can ...

Automotive | 2018-04-26 16:58

Naver urged to give up on 'online comments'

Naver is considering an “outlink system” in its online news section amid growing calls to overhaul its news management system. Naver CEO Han Seong-sook told lawmakers of the main opposition Liberty Korea Party the company may consider introducing an outlink system, where newsreaders are redirected to newspapers' websites when they click the news articles on Naver.

IT | 2018-04-26 18:54

'Elliott's demands go against Fair Trade Act'

Fair Trade Commission (FTC) Chairman Kim Sang-jo pointed out Elliott's recent proposals to Hyundai Motor Group could violate the country's Fair Trade Act, according to industry officials, Thursday. At a forum hosted by a local news outlet, the antitrust regulator reportedly said the activist hedge fund's request for the merger of Hyundai Mobis and Hyundai Motor to form a hold...

Automotive | 2018-04-26 17:10

Samsung's Q1 profit reaches all-time high

Samsung Electronics posted a record quarterly operating profit, for the first three months of 2018, mostly powered by better-than-expected memory chip prices and solid sales of its latest flagship smartphone.

IT | 2018-04-26 16:45

Offline retailers forced to close shops

Lotte Department Store is planning to sell its Anyang branch, a first for the country's top department store chain to completely sell a shop. As shoppers shift from offline to online, it is considering similar plans for other underperforming branches, leading to speculation Korea may also soon witness the closedowns of brick-and-mortar shops as seen in other developed countries.

Light industries | 2018-04-26 17:39

Chinese retailer to buy 21 Lotte Marts in Beijing

Lotte has decided to sell 21 of its stores in the Beijing metropolitan area to a local Chinese retailer named Wumart Stores for 248.5 billion won ($231 million). Lotte Shopping, running the Korean conglomerate’s department stores and discount chains, said Thursday the company’s board members agreed on the plan to sell the Lotte Mart outlets in China during an emergency meetin...

Light industries | 2018-04-26 13:59

Hyundai Mobis unveils post-spin-off plans

Hyundai Mobis, which is the key company in Hyundai Motor Group's shareholder restructuring efforts, unveiled its plans for after the proposed spin-off of its modules and after-service divisions.

Automotive | 2018-04-26 17:29

Home plus introduces Roncadin Pizza at online mall

Amid explosive growth of the frozen pizza market, the country's leading retail outlet operator Home plus has joined the battle with pizza sourced from Italy.

Light industries | 2018-04-26 16:23

AhnLab introduces enhanced cybersecurity platform

Korean cybersecurity firm AhnLab will launch a new cybersecurity platform that monitors and responds to advanced cyber threats. The firm said Thursday its new AhnLab EDR platform will help companies protect their data from highly malicious and automated malware.

IT | 2018-04-26 16:48

KOGAS to use distribution stations as hydrogen car charging infrastructure

PYEONGTAEK, Gyeonggi Province _ Korea Gas Corp. (KOGAS) said Wednesday the state-run liquefied natural gas (LNG) provider will use its gas distributing stations across the country as charging stations for hydrogen cars.

Light industries | 2018-04-26 16:03

GM Korea workers okay salvage deal

Union workers of GM Korea have voted for the salvage deal that union leaders and management struck earlier this week, paving the way for the carmaker to get itself back on track.

Automotive | 2018-04-26 17:03

Official beer for World Cup

Oriental Brewery (OB) CEO Bruno Cosentino, center, promotes the Cass Fresh World Cup Special Package with models, during a press conference at the Banyan Tree Club & Spa Seoul, Thursday. The official sponsor for the 2018 FIFA World Cup in Russia put Cass labels upside down to signal hope for Korea winning against football powerhouses. / Courtesy of OB

Photo News | 2018-04-26 14:39

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