Archive by category Business

Korean stocks edge down on cautious sentiment
Korean stocks edge down on cautious sentiment

Korean stocks fell 0.1 percent Monday as investors stuck to a cautious stance amid lingering global uncertainties. The local currency rose against the U.S. …

Hyundai Heavy faces $100 mil. additional tax
Hyundai Heavy faces $100 mil. additional tax

Tax authorities in Seoul have slapped Hyundai Heavy Industries with an additional tax of 120 billion won ($104 million), the shipbuilder confirmed Monday. The …

Samsung Serif TV aims to be ‘iPhone in TV’
Samsung Serif TV aims to be ‘iPhone in TV’

Samsung Electronics is hoping to have its own iPhone moment with its new stylish TV set called Serif TV. “This is the iPhone of TVs,” said a Samsung …

CJ CheilJedang’s kimchi probiotic approved by U.S. food regulator
CJ CheilJedang’s kimchi probiotic approved by U.S. food regulator

Korea’s leading food maker CJ CheilJedang said Monday that an herbal probiotic found in Korea’s traditional cabbage dish kimchi has been approved by the …

Cigarette warning labels spark questions about fairness
Cigarette warning labels spark questions about fairness

The tobacco industry is raising questions about fairness as new graphic warning labels have to be affixed on cigarette packs by year-end. According to industry …

Organica’s Honest Bars starts sales in Japan
Organica’s Honest Bars starts sales in Japan

TOKYO, Japan – Korean natural food company Organica began selling its signature health bars — Honest Bar — in Japan for the first time …

Brokerage analysts urge independence of reports
Brokerage analysts urge independence of reports

Analysts at Korean brokerages called for independence of their research reports, following controversy over Hana Tour’s alleged abuse of power against an …

Korean software firm to take on Microsoft in OS market
Korean software firm to take on Microsoft in OS market

Korean software developer Tmax said Monday it would roll out a new operating system for personal computers, called TmaxOS, in a bid to increase its presence in …

Green building conference kicks off in Seoul
Green building conference kicks off in Seoul

Global experts will discuss the role of green buildings in reducing carbon emissions at a three-day conference that kicks off in Seoul on Thursday, officials …

Global automakers eye Korea as test bed
Global automakers eye Korea as test bed

Heads of global carmakers are flocking to Korea recently, calling the nation’s fast-growing import car market an ideal test bed for their newest vehicles. …

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