India’s largest bank opens its first branch in Korea

The State Bank of India (SBI), the largest bank in India in terms of assets, opened a branch in Seoul on Wednesday. The financial institution...

Lotte aims for trendy with latest budget hotel option

When walking into L7, a new midrange hotel by Lotte Hotels & Resorts opening today in Myeong-dong, central Seoul, it’s hard to miss the...

Samsung has a course to test driverless cars

The Speedway motor racecourse at Everland, an amusement park run by Samsung C&T in Yongin, Gyeonggi, will be used as a testing area for...

Convergence continues to be key at 2016 CES

The personal computer was the star of the Consumer Electronics Show (CES) back in the 1980s. In the ’90s, consumer gadgets were all the...

Kia touts revamped K7

HWASEONG, Gyeonggi - Kia Motors has partially revealed some of the features of the new K7 sedan, which it hopes will do well in...

Samsung SDI says its EV battery is strongest

Samsung SDI unveiled Monday the prototype of what it claims to be the highest-density battery cell, which will make it possible for an electric...

Kakao buys Loen and its MelOn music service

Kakao announced Monday it bought a controlling share of Loen Entertainment, operator of Korea’s top digital music streaming-download service MelOn, for 1.87 trillion won...

Kia promises driverless cars by 2030

Kia Motors said Wednesday it will roll out fully driverless cars within the next 15 years. During the Consumer Electronics Show (CES) 2016 being held...

Big companies to see ranks shift

More than half of the large corporations in Korea are expected to see their ranking fluctuate in 2016 as they try to keep up...

Korean companies to break dividend payout record

Korean companies listed on the Kospi and Kosdaq are expected to break the record for dividends paid to shareholders in 2015, a local brokerage...
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