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Gloves of an employee is placed on the stopped assembly line at the Hyundai Motor Co. plant during a strike by the company's labor union in Ulsan, South Korea, on Friday, July 13, 2012. Hyundai Motor Co. and Kia Motors Corp. workers staged their first str

Oct 17, 2016 AM EDT - YuGee

Hyundai Motor Labor Union Ends 5-Month Negotiation Over Salary Raises

On Friday evening, Hyundai Motor and its labor union ended a five-month negotiation over raises with 63 percent of an estimated 5,000 union members voting in favor of the provisionary deal, Korea JoongAng Daily reported.

A Samsung Electronics Co. Galaxy Note 7 smartphone is submerged in water to demonstrate the water-resistant capability of the device during a media event in Seoul, South Korea, on Thursday, Aug. 11, 2016. Samsung's large-screen Galaxy Note 7 smartphone ca

Oct 14, 2016 AM EDT - YuGee

Samsung Electronics Anticipates Another $3.1B Loss From Galaxy Note7's Exit

On Friday, Samsung Electronics admitted that ending the production of the Galaxy Note7 smartphone would possibly hurt the company's operating profit by additional $3.1 billion in the next two quarters.

An employee demonstrates Samsung Electronics Co.'s Samsung Pay application on a Galaxy Note 7 smartphone with stylus during a media event in Seoul, South Korea, on Thursday, Aug. 11, 2016. Samsung's large-screen Galaxy Note 7 smartphone can be unlocked wi

Oct 12, 2016 AM EDT - YuGee

Use of Mobile Payment Apps Increases in 2nd Quarter of 2016

It is now more common to see customers who pay using mobile payment apps instead of getting their wallets to pay for coffee at a cafe or pay for their bus fare. A study revealed the reasons as well as some pertinent information regarding the rise of such payment alternatives.

OREM, UT - SEPTEMBER 15: A Samsung's Galaxy Note 7 is held up in a plastic bag with other Note 7 phones on a counter that were returned to a Best Buy on September 15, 2016 in Orem, Utah. The Consumer Safety Commission announced today a safety recall on Sa

Oct 12, 2016 AM EDT - YuGee

Samsung Officially Terminates Production of Galaxy Note7

Just hours after Samsung Electronics declared that they will halt the production of Galaxy Note7, the company announced on Tuesday that it will permanently stop and end the production of the problematic device. The decision comes after receiving further smoking and battery fires cases from several countries around the world, and after the company replaced defective units.

Samsung Shares Become Volatile This Year

Oct 13, 2016 AM EDT - Karen Lydelle Linaja

Samsung Electronics Shares Become More Unstable This Year

Shares of the Samsung Electronics Company have become more unstable and volatile this year due to a series of negative issues including the recent controversy of Galaxy Note 7.

Samsung Galaxy Note 7 (Photo Credit: Getty Images)

Oct 11, 2016 AM EDT - YuGee

Samsung Halts Production of Galaxy Note 7

Samsung electronics has temporarily halted manufacturing its flagship Galaxy Note7 following new explosion reports involving the replaced gadgets. The order comes 10 days after the company decided to resume sales of the device in South Korea, hoping to regain the customers' trust in its products.

DUBLIN, IRELAND - APRIL 15: In this handout image provided by the Dept of the Taoiseach, Frank Rijsberman, CEO of CGIAR attends the Hunger, Nutrition, Climate ,Justice Conference on April 15, 2013 in Dublin, Ireland. The conference will explore the links

Oct 04, 2016 AM EDT - YuGee

GGGI to Present Value-For-Money Investment Opportunities

On Tuesday, Yonhap News Agency reported that the new head of the Global Green Growth Institute (GGGI) will present value-for-money investment opportunities as it aims to establish that environmental-friendly growth is executable with speedy economic development.

Digital stickers from the Line Corp. messaging application, owned by Naver Corp., are arranged for a photograph on an LG Electronics Inc. V10 smartphone in Seoul, South Korea, on Monday, June 13, 2016. Line has finally pulled the trigger on an initial pub

Oct 03, 2016 AM EDT -

Naver, Line Make Joint Investment to K-Fund 1

Naver, the local giant search engine in South Korea and its chat app partner, Line, concluded making a 100 million euros-worth of joint investment ($112 million) to a European investment fund. The investment is in line with a strategic method for the partner companies to enter the global market.

The Amorepacific Corp. logo is displayed at the company's factory inside the Daejeon Industrial Complex in Daejeon, South Korea, on Friday, Nov. 8, 2013. Manufacturers business confidence rises to 79 in Jan. from 78 in Dec., according to a Bank of Korea s

Sep 28, 2016 AM EDT - YuGee

AmorePacific to Recall Toothpaste Containing Banned Chemicals

On Tuesday, South Korea's leading cosmetics company, AmorePacific, announced that it would recall 11 of its toothpaste products that have been verified to have the same toxic chemicals used in Oxy's humidifier sterilizers that led to the deaths of more than 100 Korean earlier this year, Korea JoongAng Daily reported.

Event attendants wipe a Mercedes-Benz S-Class S500 automobile, manufactured by Daimler AG, during the company's launch of the new Mercedes-Benz S-Class automobiles in Seoul, South Korea, on Wednesday, Nov. 27, 2013. Daimler plans to double sales in South

Sep 27, 2016 AM EDT - YuGee

Mercedes-Benz Korea Applauded for Premium Customer Service

Automobile maker Mercedes-Benz is currently getting a lot of praises from its South Korean customers for My Service, the company's after-sales service program.

China’s Top Social Commerce Site To Choose Best Seoul Restaurants

Sep 27, 2016 AM EDT - Karen Lydelle Linaja

China’s Top Social Commerce Site To Choose Best Seoul Restaurants

The largest food delivery and buying website in China will choose the best restaurants in Seoul. According to the state-run tourism agency, the no. 1 commercial site in China will pick the best restaurants in Seoul in order to increase the number of travelers who wants to find the hottest restaurants in Seoul.

Photos Show The Differences Between SM And YG Headquarters

Sep 27, 2016 AM EDT - Karen Lydelle Linaja

Photos Show The Differences Between SM And YG Headquarters

Some netizens compare the differences between SM Entertainment and YG Entertainment headquarters through the photos circulated online. SM Entertainment and YG Entertainment are two most prominent entertainment companies in South Korea.

LOS ANGELES, CA - JUNE 22: Actor Byung-hun Lee poses with the handprinted Hyundai Santa Fe during the Hyundai Hope on Wheels Handprint Ceremony and Hyundai Scholar Grant to support the Pediatric Cancer Research at Children's Hospital Los Angeles on June 2

Sep 26, 2016 AM EDT - YuGee

Hyundai Motor’s Overall Donation to Aid Children Fight Cancer Amounts to $115M

Hyundai Motor Corp., the leading automaker in South Korea, announced on Saturday that it has donated an approximate of US $115 million over the past 18 years to its social contribution program in the United States to aid children who are cancer patients.

DUSSELDORF, GERMANY - APRIL 22: A green leaf adorns the Apple logo on Earth Day at the company's Koe-Bogen store on April 22, 2015 in Dusseldorf, Germany. (Photo by Sascha Steinbach/Getty Images for Apple)

Sep 23, 2016 AM EDT - YuGee

Apple to Open its First Store in Seoul, South Korea

Apple will launch its first official branch in Seoul, South Korea. Finally!

POSCO Daewoo and Caolion to sell cosmetics internationally.

Sep 18, 2016 PM EDT - Agatha Austria

POSCO Daewoo to Introduce Korean Cosmetics to International Markets

POSCO Daewoo revealed on Sept. 13 that it will expand its business overseas in partnership with Caolion, a mid-sized cosmetics company.

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