HONG KONG (Yonhap News) – South Korea's second-largest automaker, Kia Motors Corp., ranked 10th in terms of China's auto market share during the first seven months of this year, company officials said Thursday.Kia Motors said it sold 222,158 units of vehicles in China from January to July, up

Hyundai Heavy Industries and some other companies bearing the Hyundai name will set up a charitable foundation with 500 billion won ($467 million), the shipbuilder announced Tuesday.Much of the fund will be raised by Hyundai Heavy Industries and its subsidiaries, and the group’s largest shareholder,

KT&G Corp., the country’s largest cigarette maker, plans to raise the proportion of annual revenues injected into corporate social responsibility projects to 3 percent.The target was included in the company’s long-term social contribution plans announced Tuesday.KT&G CEO Min Young-jin said in a stat

The number of small and medium sized enterprises positively rating the government-led shared growth drive has almost doubled since the introduction of a comprehensive plan last year, the Ministry of Knowledge Economy said Monday.The government implemented a comprehensive plan for supporting shared g

The process of privatizing Woori Financial Group may once again be stalled with Vogo Fund hinting that it will not take part in the preliminary bids for the financial group.The Korea Deposit Insurance Corp. currently holds 56.97 percent of Woori Financial Group. The state-run firm plans to sell more

South Korean stocks are expected to face a considerable amount of uncertainties and volatile sessions next week following the downgrading of the U.S. sovereign credit rating, analysts said Saturday.Market experts said that the decision by Standard and Poor's Rating Services (S&P) to lower the credit

South Korea issued a solar warning alert on Saturday and informed telecommunication and transportation companies to expect disruptions in communication-related services.The Radio Research Agency (RRA) said that a sizeable solar flare occurred at 3 a.m. and that the large amount of energy released fr

 

BOGOTA (AP) – Host nation Colombia asserted its claim to being among the favorites to win the Under-20 World Cup, defeating South Korea 1-0 on Friday to finish atop its group with a perfect record.Colombia finished with nine points in Group A, ahead of France, who defeated Mali to clinch secon

 

South Korea is closely monitoring financial market developments following the move by Standard and Poor's Rating Services (S&P) to downgrade the sovereign credit rating of the United States, the government said Saturday.The Ministry of Strategy and Finance said that it will concentrate on controllin

South Korean Foreign Minister Kim Sung-hwan left for Russia on Saturday to hold bilateral talks that are expected to focus on North Korea and other issues concerning the two nations.During his four-day trip, Kim will meet with Russian Foreign Minister Sergey Lavrov in Moscow on Monday and discuss No

The life expectancy of an average North Korean stands at 68.9, placing it 149th among 222 countries checked, a U.S. media report said Saturday.According to Voice of America (VOA), which cited the latest findings by the U.S. Central Intelligence Agency (CIA), the typical North Korean male born this y

The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. S&P dropped the ranking one level to AA+, after warning on July 14 that it would reduce the

South Korea will sharply raise the amount of money given to people who report spies and spy ships as part of its efforts to raise peoples' awareness toward national security threats, the government said Saturday.The Ministry of Justice said a preannouncement of legislation has been made that will re

MEXICO CITY (Yonhap News) – An employee of a South Korean conglomerate was gunned down by unknown assailants in downtown Mexico City, corporate and consulate sources said Friday.The unidentified victim who had worked for the local branch of a South Korean conglomerate was shot to death in an u

WASHINGTON (Yonhap News) – The United States said Friday that it is "looking into" the issue of North Korea's recent flood, although the communist nation has not made a related aid request."We remain concerned about the well-being of the North Korean people," the State Department said in a pre

South Korea's financial watchdog on Friday suspended the operation of a local savings bank for six months, citing its capital shortage.Kyungeun Mutual Savings & Finance will be suspended until Feb. 4, as it failed to meet regulatory capital requirement, the Financial Services Commission said in a st

CJ Group’s construction arm CJ Engineering and Construction Corp. named Kim Chun-hak as its new chief executive and vice president on Tuesday.   Kim Chun-hakBefore taking the post, Kim had been working for Samsung Heavy Industries Co. since 1983 and most recently served as the executive vi

Hanjin Heavy Industries and Construction Co. chairman Cho Nam-ho is facing criticism from politicians for continuing to ignore calls to attend a public hearing and put an end to the labor dispute at the shipbuilder. On Dec. 20 the company decided to let 2,500 workers go in the near future, prompting