Industries

Koreans In Their 30's The Biggest Buyers Of Imported Cars In 2016

South Korean car buyers in their 30s were the biggest consumers of imported cars in 2016, accounting for nearly 40 percent of sales in the foreign-made auto market, according to industry data.

February 22, 2017 at 4:51 am

Apple Reported To Be Host A Major iPad Event Next Month

Apple is said to be unveiling three new iPad Pro models next month. The event might even be held at the company's newest headquarters.

February 21, 2017 at 7:40 am

POSCO Increases Production Of Electrical Steel Sheets

POSCO is reportedly increasing its production of electrical sheets in order to meet the growing demands in these products which are environment-friendly at the same time.

February 27, 2017 at 10:19 pm

Apple's Latest Acquisition Could Mean Big Things For Facial Recognition

Apple has reportedly acquired RealFace, an Israeli startup known for its facial recognition software. While the news has not been confirmed, users say the technology could be used in the iPhone 8.

February 27, 2017 at 10:18 pm

Naver Gets License To Test Its Self-Driving Car

Naver, a top web portal operator in South Korea, said on Monday that it is testing its self-driving cars after the government allowed the company to do road tests of its autonomous vehicle.

February 27, 2017 at 10:16 pm

Hanjin Shipping's Bondholders Brace For Possible Huge Losses

Following Hanjin Shipping Co.'s declaration of bankrupt last week, bondholders could possibly be starting at 1.2 trillion won in losses, according to industry sources.

February 20, 2017 at 7:04 am

Samsung's Reputation Among US Consumers Plunges: Harris Poll

Samsung's corporate reputation ranking among US consumers tumbled 42 notches to 49th place this year, according to the Harris Poll annual survey.

February 27, 2017 at 10:03 pm

Asiana Airlines Temporarily Shuts Website After Hacker Attack

Asiana Airlines Co., South Korea's second-largest airline, temporarily shut down its website Monday after an attack by hackers caused inconvenience to users.

February 27, 2017 at 10:01 pm

Apple Debuts Four Twitter-Based iPad Pro 2 Ads

Apple recently unveiled four new Twitter-based ads promoting the iPad Pro. The commercials have consumers thinking that a revamp of the iPad line is about to be announced.

February 20, 2017 at 7:02 am

Harman International Shareholders Approved $8 Billion Merger Deal With Samsung

Shareholders of US car electronics company Harman International Industries Inc. on Friday approved the merger deal with Samsung Electronics Co. worth around $8 billion.

February 20, 2017 at 7:01 am

FKI Board Meeting Fails To Discuss Selection Of New Chief

The board of the Federation of Korean Industries (FKI) met for a brief, closed-door meeting Friday but did not discuss the selection of a new chief.

February 17, 2017 at 6:09 am

South Korean Court Declares Hanjin Shipping Bankrupt

A South Korean court has officially declared Hanjin Shipping bankrupt. While the news was shocking, it was expected ever since the company went into receivership last year.

February 17, 2017 at 6:12 am

Oriental Brewery Promotes Healthy, Responsible Drinking Culture

Oriental Brewery just announced that it will initiate a campaign to promote healthy and responsible drinking culture in Korea in response to the worsening problem in drunk-driving accidents.

February 17, 2017 at 6:12 am

Samsung To Put Investments On Temporary Hold After Lee's Arrest

Industry observers believe that Samsung Group, the biggest conglomerate in South Korea, will put on temporary hold most of its investment and new business plans, following the arrest of the group's vice chairman Lee Jae-yong.

February 17, 2017 at 6:13 am

FKI Board To Decide On New Chief In Upcoming Assembly

The board of beleaguered business lobby group Federation of Korean Industries (FKI) will meet in a General Assembly next week to decide the replacement for incumbent chairman Huh Chang-soo following mass departures by its key members.

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