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Fri, June 23, 2017 | 09:00

Genesis tops premium vehicle quality ranking

Genesis, Hyundai Motor Group’s premium brand, topped a U.S. vehicle quality study among 13 luxury brands including Porsche, Mercedes-Benz, BMW and Lexus, Korea’s largest carmaker said Thursday. In the overall initial quality ranking, Kia Motors was first among 32 brands, including 13 premium cars, for the second consecutive year. Company officials expect the latest findings w...

Automotive | 2017-06-22 16:05

Social media fatigue spreading

The explosive popularity of social media among Korean users is starting to subside amid a sense of fatigue on excessive information from the new medium, according to industry sources, Monday. Data showed the numbers of users on major social media sites such as Facebook and Kakao Story are decreasing this year. According to market tracker Nielsen KoreanClick, the monthly active users of Facebook remained at 9.96 million in May, down 13.1 percent from 11.45 million a year earlier. That of Kakao Story was 12.59 million, down 17.76 percent from 15.31 million. Twitter also lost over 10 percent of...

IT | 2017-06-22 19:54

Lawmaker targets foreign 'tax dodgers'

Foreign IT giants here such as Google, Apple and Cisco may have to make public their sales and management data as a lawmaker is proposing a bill to stop their alleged tax evasion. The Korean branches of those multinational firms have in recent years taken advantage of legal loopholes by operating their businesses as limited liability companies that are not obliged to reveal h...

IT | 2017-06-22 16:26

NCSOFT's new game draws mixed responses

NCSOFT’s new mobile game “Lineage M” made an impressive debut in Korea, both in the number of users and sales performance. But it is expected to meet a bumpy road. The company said “Lineage M” posted 10.7 billion won ($9.38 million) in sales and drew 2.1 million users on the first day of its release, Wednesday. According to mobile market tracker WiseApp, the game also took the No.1 spot on the top grossing chart at Apple’s Appstore within seven hours after its release. It came in second on Google Play’s chart as of Thursday, following Netmarble Games’ “Lineage 2: Revolution.”

Game | 2017-06-22 17:44

Air Seoul going into expansion mode

Air Seoul will fly to major destinations in Japan and Southeast Asia, taking passengers from Jeju Air and four other local low-cost carriers (LCCs), the company chief said Thursday. CEO Ryu Kwang-hee told reporters that the carrier, which began operations last October, will operate on international routes to Osaka and Guam, both popular destinations for Korean tourists, from ...

Light industries | 2017-06-22 16:15

Businessman connects Koreans to Japanese job market

TOKYO - Lee Sang-hoon, CEO of Tokyo-based human resources management company IH, hopes to introduce talented young Koreans to the Japanese job market. Lee, 45, started his career at a department store in early 2000. But he wanted to do something on his own by taking advantage of his Japanese language skills. In 2007, he flew to Tokyo to start the HR business, recognizing that...

Light industries | 2017-06-22 16:47

Premium TVs in Latin America

Visitors to LG Electronics home appliance trading fair LG InnoFest in Punta Cana, Dominican Republic, look at the company’s super-slim television LG SIGNATURE OLED TV W, Wednesday (local time). The electronics company said it will strengthen sales of localized premium home appliances in the Central and South American markets.

Photos | 2017-06-22 16:54

New skincare products

Models promote new skincare products from Paula’s Choice during an event at J-Gran House in Seoul, Thursday, on the occasion of the 10th anniversary of the brand’s Korean debut.

Photos | 2017-06-22 16:57

CJ chief fixes eyes on overseas markets

CJ Group Chairman Lee Jay-hyun seems to emulate the entrepreneurship of his grandfather, Samsung Group founder Lee Byung-chul, by speeding up the conglomerate’s global expansion with aggressive M&A deals. The only son of the late CJ Honorary Chairman Lee Maeng-hee, the eldest son of founder Lee, has come up with massive investment plans, since he returned to the firm’s top ma...

Light industries | 2017-06-21 16:56

Shinsegae heir scraps global initiatives

Shinsegae heir scraps global initiatives

Over the past several years, Shinsegae Group has chalked up fast growth to become one of the country’s top 10 conglomerates. This prompted analysts to praise Shinsegae Vice Chairman Chung Yong-jin, who has managed the E-mart discount chain and started the Starfield shopping complex. The only son of Shinsegae Chairwoman Lee Myung-hee, however, seems not to have inherited the p...

Light industries | 2017-06-21 16:58

CJ chief fixes eyes on overseas markets

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New skincare products