Lockheed wins $1.2 Billion Contract to Upgrade Korea’s F-16 Fighters
Lockheed Martin has been awarded $1.2 billion contract to upgrade 134 F-16 aircraft for the Republic of Korea Air Force. Among the enhancements are an Active Electronically Scanned Array (AESA) radar,...
View ArticleBritish Ambassador in Town to Strengthen ‘UK Meets Busan’ Campaign
During a recent visit to boost ties between the UK and Busan, British Ambassador to Korea Charles Hay helped launch the “UK meets Busan” — a two-year outreach campaign that included a visit by Lord...
View ArticleKorea to Penalize Cosmetic Companies Using Animal Tested Products
South Korea, the undisputed makeup and cosmetic surgery capital of the world, announced that it will start fining manufacturers and retailers that use animals to test cosmetics. Set to take effect in...
View ArticleKia Breaks Sales Record in US for 7th Straight Month
Kia Motors America continues to break records in sales for their division as sales in November reached a total of 52,504 units, a 15.3 percent increase over the same period last year. The brand’s...
View ArticleFirst Official Lego Store Opens in Korea
Lego will open it first official store in South Korea’s first LEGO Store at the Hyundai Department Store just south of Seoul, this Friday the company announced. According to the Korea Times: LEGO...
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Absolut Vodka Ad Featuring Protest Creates Backlash
An Absolut Vodka advertisement featuring South Korea’s huge anti-government rallies over the past month has upset many Koreans for commercializing a political crisis. The ad, which was produced by...
View ArticleVice 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...
View ArticleLG 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. LG’s...
View ArticleHyundai 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...
View ArticleDespite 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. The amount of...
View ArticleFlower 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 year for the flower industry. Congratulatory...
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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. Shin Seok-yong is the...
View ArticleXylitol 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.” The post Xylitol Chewing...
View ArticleAirlines 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. The post Airlines in Korea Rank High for Sales But Low in...
View ArticleKia 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. The post Kia and Hyundai Score High in Best Cars...
View ArticleSamsung 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. The post Samsung President Arrested On...
View ArticleLotte Website Crippled Since Tuesday As Chinese Hackers Protest American...
A Lotte official said the hackers planted a virus planted and that the attack is the latest backlash Lotte has faced in China after South Korea's defense ministry granted the U.S. permission to place...
View ArticleBusan to Host Korea-Africa Business Forum Next Month
An official from the city of Busan announced that the city will hold the Korea-Africa Business Forum together with the African Development Bank at Busan's BEXCO on the 3rd of next month. The post Busan...
View ArticleAir Busan and Jin Air See Fifty Percent Rise in Passengers Over Last Year
An increase in the use of budget airlines helped drive Korea's overall air passenger traffic up by 8.7 percent last month from a year earlier with 8.84 million passengers in February. The post Air...
View ArticleDespite 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. The post Despite Drop...
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