Economy - The Korea Times

World's largest oil platform

Hyundai Heavy Industries (HHI) delivered the world’s largest semisubmersible oil drilling platform, Ocean Greatwhite, to U.S. firm Diamond Offshore, July 15. The shipbuilder won the $630 million contract in 2013 to build the 123 meter-high, 78 meter-wide offshore platform, capable of drilling to a depth of 3,000 meters. / Courtesy of HHI

Jul 17, 2016

For summer

A model shows pouches of Samgyetang, or traditional chicken soup with ginseng, produced by Pulmuone, at a promotion event held in Jongno, downtown Seoul, Friday. Samgyetang is a popular summer food in Korea, as it is thought to replenish depleted energy. / Yonhap

Jul 15, 2016

GM wins Korean Service Quality Index

GM Korea President and CEO James Kim, right, and Vice President of Vehicle Sales, Service and Marketing Dale Sullivan, left, pose withKorea Management Association Consulting (KMAC) Vice President Yu In-sang during the Korean-Standard Service Quality Index (KS-SQI)awards ceremony at the automaker’s Bupyeong headquarters in Incheon, Thursday. Chevrolet, one of GM’s auto brands, finished first again among vehicle brands in the KS-SQI’s Sales Service category. / Courtesy of GM Korea

Jul 14, 2016

Nickel-tainted Coway

Coway, Korea’s largest water purifier maker, has sparked public outrage for having knowingly sold nickel-contaminated water purifiers for months. Early this month, the company issued an apology and recalled all the affected products. However, a group of consumers is moving to file a class-action lawsuit against Coway, demanding compensation that could reach billions of won./ Yonhap

Jul 13, 2016

LG Uplus' software networking system

LG Uplus employees operate its software defined networking (SDN) system at its network center in southern Seoul, Wednesday. The company said the SDN system allows the company to control its network system more efficiently, as it uses a single software system to manage massive network-related data. / Courtesy of LG Uplus

Jul 13, 2016

Single export brand

NongHyup Chairman Kim Byung-won, center, applauds with vice agricultural minister Lee Jun-won, fourth from right, andforeign ambassadors to Korea during a ceremony to launch NongHyup’s single export brand NH Farm at NongHyup headquarters in central Seoul, Wednesday. All affiliates of NongHyup will export agricultural products under the NH Farm brand. / Yonhap

Jul 13, 2016

Unionists on strike

Unionized workers at Samsung Heavy Industries stage a sit-in in front of the Samsung Group Building in Seocho-gu, southern Seoul, Wednesday. They demanded an immediate halt to the shipbuilder’s restructuring process that includes a massive layoff plan and limiting welfare benefits. / Yonhap

Jul 13, 2016

Try S7 at beach

Tourists try out the Galaxy S7 at a promotion booth set up at Gwangalli Beach in Busan, Tuesday. Samsung Electronics said it will run the special Galaxy promotion campaign at the nation’s major beaches and water parks to celebrate the upcoming Rio de Janeiro Summer Games. / Courtesy of Samsung Electronics

Jul 12, 2016

Learning to bobsleigh

Members of POSCO Daewoo’s children volunteer group learn how to bobsleigh during a visit to a training camp for the national bobsleigh and skeleton team in PyeongChang, Gangwon Province, Sunday. POSCO Daewoo, the trading arm of steelmaker POSCO, has been sponsoring the national bobsleigh and skeleton team since 2011. / Courtesy of POSCO Daewoo

Jul 11, 2016

Stable oil prices

A driver fills his car at a gas station in Gangseo-gu, western Seoul, Sunday. Prices of gasoline, diesel and other oil products are stabilizingin the country after continuous rises.  / Yonhap

Jul 11, 2016

Others

Others

World's largest oil platform

For summer

GM wins Korean Service Quality Index

Nickel-tainted Coway

LG Uplus' software networking system

Single export brand

Unionists on strike

Try S7 at beach

Learning to bobsleigh

Stable oil prices

Most Read in Economy