Archive by category Business

Top 30 business groups fined W2tr over 3 years

South Korea셲 top 30 business conglomerates were fined 2 trillion won ($1.95 billion) for 309 counts of violation of antitrust and financial regulatory rules …

Dominique Oh named Philips Korea CEO
Dominique Oh named Philips Korea CEO

Philips named Dominique Oh, who previously led Philips Korea셲 healthcare business unit, as the new country manager for the Korean market, the company said …

Seoul shares close lower on dull Chinese market

South Korean stocks closed lower Wednesday as the Chinese bourse remained sluggish, analysts said. The South Korean won traded lower against the U.S. dollar. …

Boeing names Eric John new Korea chief
Boeing names Eric John new Korea chief

Eric John Boeing on Wednesday named Eric John, a former international service officer for the U.S. government, as new president of Boeing Korea. The new Korean …

FTC probing KEPCO for unfair business practices

The Fair Trade Commission has launched a probe into the state-run power monopoly Korea Electric Power Corp. on allegations of unfair business activities, …

Chevrolet셲 next 쁁umblebee to appear at Busan motor show

Chevrolet plans to show off 24 concept and production vehicles at the upcoming Busan International Motor Show, including the Camaro concept car that is making …

Samsung smartphones top U.S. consumer satisfaction index

Samsung Electronics topped the American Customer Satisfaction Index for smartphones for the first time, helped by its Galaxy lineup. The South Korean company …

Power without wheels
Power without wheels

They float as if flying through the air. They can move faster and hardly make a sound compared to conventional trains with wheels. Magnetic levitation trains …

Bullet trains go wireless
Bullet trains go wireless

Consumer electronics such as smartphones and toothbrushes are not the only things that can be charged wirelessly anymore. Korean researchers have developed …

Samsung to invest $24b in facilities

South Korea셲 tech giant Samsung Electronics Co. may spend up to 25 trillion won ($24.39 billion) this year on facility investment, an 8.6 percent increase …

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