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Envoy to UN Expresses No Interest in Denuclearization or Talks
Northern Nuclear WeaponsNorth Korea’s envoy to the United Nations told Voice of America that the Kim Jong-un regime will never give up its nuclear arsenal until other countries, including the United...
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Yello Mobile CEO Explains Corporate Value Controversy
Venture ValueYello Mobile announced its earnings for last year on March 31. Sales increased, but it remained in the red.At a press conference, CEO Lee Sang-hyuk gave a detailed explanation about the...
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Kia Packs Customers' Favorite Features into Standard 2015 Sportage R
Full-featured KiaKia Motors has released the 2015 model of the Sportage compact SUV, which was the best selling car last year.Kia Motors (www.kia.com) announced that it has included customers’ favorite...
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Samsung C&T Vice President Ahmad Abdelrazaq Receives Engineering Award
Advancement of Tall BuildingsAhmad Abdelrazaq, vice president and the head of the Building Sales Division at Samsung C&T Corporation, was selected as the recipient of the Ernest E. Howard Award by...
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LG Life Sciences Succeeds in Phase 3 International Clinical Trials for 5-in-1...
Five in OneLG Life Sciences (www.lgls.co.kr) has announced that it successfully finished Phase III international clinical trials of Eupenta, which is the company’s first five-in-one liquid vaccine....
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Domestic Automakers Sell 802,000 Units Last Month
SUVs On the UpThanks to the increased popularity of sports utility vehicles, the sales of five automakers in Korea increased dramatically last month compared to the previous year. According to auto...
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KOSPI Firms See Drop in Operating Profits, but Improvement in Financial...
Maturing MarketLast year, the listed firms on the KOSPI market saw a rapid drop in operating profits. This is mainly due to the fact that Samsung Electronics’ operating profits decreased to 25 trillion...
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Doosan Heavy Industries & Construction Wins 710 Billion Won Order for...
Building at HomeDoosan Heavy Industries & Construction has won a 710 billion won (US$642.53 million) contract to provide main equipment, including boilers and turbines, for Anin Thermoelectric...
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Hanmi Pharmaceutical to Establish Global Smart Factory to Expand Exports
Smart PlantsIn order to expand exports of finished medicines and its consignment businesses, Hanmi Pharmaceutical will construct a “global smart plant” with an annual production capacity of 10 billion...
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Consumer Price Increase Rate 0% for 4 Consecutive Months
De Facto Inflation?South Korea’s consumer price hike rate has hit zero for the last four months, as indicated by the consumer price index. The current analysis states that deflation has been...
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South Korean Gov’t to Repeal Active X Security Requirement
ActiveX Actively GoingThe South Korean government plans to remove ActiveX from the county’s websites to boost foreign online shopping. The Ministry of Science, ICT, and Future Planning said on...
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Park Geun-hye Speaks on North Korea, Comfort Women with Nancy Pelosi in Seoul
Gracious HostessPresident Park Geun-hye and Nancy Pelosi, minority leader of the United States House of Representatives, have met again, two years after their previous encounter. The latter visited...
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Stock Firms Expect LG Electronics to Improve Performance in Q2
Better Second QuarterStock firms expected that LG Electronics would see poor financial performance in the first quarter, lowering its target stock price. However, they forecast that the company will...
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Samsung Securities Ranks 1st in Net Profits
Stock Large and SmallSamsung Securities and Meritz Securities ranked 1st in net profits among large stock companies and small stock companies, respectively, last year. According to the Korea Financial...
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Hanwha Chemical Ranks 2nd in Global Ethylene Vinyl Acetate Production
Profitable PartnershipInternational Polymers Co. (IPC), a joint corporation between Hanwha Chemical Corporation and Saudi International Petrochemical Company Sipchem, has finished production testing...
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Next-gen Chevrolet Spark Unveiled at Seoul Motor Show
Roomier EfficiencyChevrolet unveiled its next generation Chevrolet Spark sub-compact hatch to the world at the Seoul Motor Show 2015. Aimed at over 40 markets globally, the next generation Spark boasts...
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Hyundai Enduro Concept Lifestyle Urban CUV Unveiled at Seoul Motor Show
Versatile VehiclesHyundai Motor held the world premiere of its all-new design concept, the Hyundai Enduro (HND-12) Concept lifestyle urban crossover utility vehicle (CUV), at the 2015 Seoul Motor Show...
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Dongbu Daewoo Electronics Releases Air Bubble 4D Washing Machine
Bubbles of AirDongbu Daewoo Electronics (www.dongbudaewooelec.com) is accelerating its overseas market expansion through a global platform project. The company released the Air Bubble 4D Washing...
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Ssangyong Motor President Sets Annual Sales Target of 150,000 Units
Ssangyong ResurgenceSsangyong Motor President Choi Johng-sik said, “We are aiming to sell 150,000 units this year, and expecting to easily achieve the sales target after finishing the first quarter if...
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Gwangju 2015 Universiade Briefing to Gov't Reps Promises Successful Games
Universiade BriefingThe Gwangju 2015 Universiade Organizing Committee (GUOC) invited President Park Geun-hye and other governmental leaders to assess its final preparations on Wednesday.Over 150...
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