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Sunday, April 23, 2017

Business News

Samsung President Arrested On Corruption Charges

“Based on the newly gathered criminal charges and evidence, the cause and necessity for arrest has been acknowledged,” said the judge in the case, Han Jeong-suk.

Kia and Hyundai Score High in Best Cars for the Money Report

South Korea's Kia earned its first awards in five years, with the Sorento named Best 3-Row SUV for the Money, while the Kia Soul won Best Compact Car.

Airlines in Korea Rank High for Sales But Low in Profitability Says Report

The study found, however, that Korean carriers were far behind international competitors by a much greater margin in terms of profits.

Xylitol Chewing Gum Can No Longer Claim ‘Cavity Prevention’

Lotte's Xylitol, a popular chewing gum brand in South Korea containing xylitol a "tooth friendly" sweetener, will soon be banned from marketing itself for “cavity prevention.”

Korea Developing ‘Super Chickens’ Weighing 10 Kilograms

Yonhap reports that a poultry farm in Korea's Imsil County in the North Jeolla Province, is raising “super chickens” that are as much as six times larger than typical chickens.

Flower Industry in Korea Suffering Under Anti-Graft Law

According to flower farms in the region, end-of-year or early-year reorganization period for government offices used to be one of the busiest times of...

Despite Drop in Imports and Exports, Air Cargo Hits All-Time High in Korea

Despite a significant drop in the country’s overall imports and exports, international air cargo shipped to and from Incheon International Airport hit a new annual high in 2016.

Hyundai Motor America Names W. Gerald Flannery Interim President & CEO

Hyundai Motor America today announced a continuation of a reorganization that began late this year by appointing W. Gerald (Jerry) Flannery as interim president and CEO, effective immediately. He succeeds Dave Zuchowski who will be leaving the company.

LG Robot Tech to be on Display at CES 2017 in Vegas Next Week

Next week in Las Vegas, LG Electronics will preview their advanced robot technologies to showcase the company's innovations in artificial intelligence, expected to be a major theme of CES 2017.

Vice Chairman of Samsung Banned from Leaving Korea

South Korean prosecutors have banned Samsung Electronics Vice Chairman Lee Jae Yong from overseas travel for his alleged connection with the wide-ranging corruption scandal involving South Korean President Park Geun-hye and her close friend Choi Soon-sil.

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