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Thu, June 21, 2018 | 15:08

Korea's major crypto exchange Bithumb hacked; coins worth $32 million stolen

South Korea’s major cryptocurrency exchange Bithumb was hacked and an estimated 35 billion won ($31.51 million) worth of coins were stolen, the Seoul-based exchange said on Wednesday. The company said the cyberattack took place between Tuesday night and early Wednesday. It has suspended all services, including coin deposits and withdrawals. The suspension will continue until ...

IT | 2018-06-20 10:16

Hyundai partners with Audi for fuel cell EVs

Hyundai Motor Group (HMG) has forged a multi-year strategic partnership with Audi, covering a broad range of fuel cell electric vehicle (FCEV) components and technologies, the automaker said Wednesday.

Automotive | 2018-06-20 16:55

[INTERVIEW] 'Diversification key for Hanon Systems' success'

Korea's automotive industry has gone through a few tough years, culminating in the closure of GM's factory in Gunsan, North Jeolla Province, and following the lingering retaliation from China over the deployment of a U.S. anti-missile Terminal High Altitude Area Defense (THAAD) system here. Despite these, Hanon Systems has made significant progress amid other unfavorable mark...

Automotive | 2018-06-20 15:57

Pernod Ricard suffers from labor-management distrust

Pernod Ricard Korea (PRK) is facing worsening labor-management relations, amid the slump in the nation's Scotch whisky market. Since the PRK union alleged earlier this month that a company executive verbally abused and sexually harassed his subordinates, the management has apparently shown no signs of attempting to resolve the dispute. According to industry officials, Wednesd...

Light industries | 2018-06-20 15:39

KFC Korea hit for 'free-riding' on World Cup fever

KFC Korea, which lacks a sponsorship agreement with FIFA, has apparently exploited World Cup fever, as it used the term “Russia World Cup” on its official blog to promote its new value meal named “World Party Bucket.” According to FIFA regulations, non-sponsors cannot use the wordmark “World Cup,” including its equivalent in all languages and scripts, because the wordmark is ...

Light industries | 2018-06-20 16:09

Samsung SDS unveils online logistics platform

Samsung SDS unveiled its online logistics platform equipped with cutting-edge IT technologies such as artificial intelligence (AI) to target the global e-commerce logistics market, Wednesday.

IT | 2018-06-20 17:43

SK E&C expands global development through overseas projects

SK Engineering & Construction is expanding its presence as a global developer, winning a series of key overseas development projects in recent years.

Heavy industries | 2018-06-20 16:55

Asiana Airlines in Vietnam

Asiana Airlines Senior Vice President Cho Young-seok, sixth from left, poses for a photo with attendees of an entrance ceremony for the airline's job training program in Vietnam, Wednesday. The program is aimed at training female jobseekers from low-income families. It has so far helped more than 160 people find jobs at companies including Korean firms in Vietnam. / Courtesy ...

Photo News | 2018-06-20 17:00

For scorching summer

Models pose with bedding and pillows specially designed to feel cool during sleep, at the Lotte Mart branch in Seoul Station, central Seoul, Tuesday. / Courtesy of Lotte Mart

Photo News | 2018-06-20 16:13

Samsung to compete with Amazon, Google on AI platforms

Amid the rise of artificial intelligence (AI) technology, Samsung Electronics has made a strong effort to beef up its presence in the sector.

IT | 2018-06-19 20:18

US pickup trucks face murky outlook in Korea

U.S. automakers in Korea are tapping into their pickup trucks as the secret weapon to bolster their sales here, but the outlook seems murky for those iconic American vehicles as questions linger whether their presence can offset their wasteful fuel economy.

Automotive | 2018-06-19 16:21

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