The Ministry of Land, Infrastructure and Transport on Wednesday asked BMW Korea and owners of BMW vehicles to complete corrective measures (recall) before the summer heat wave comes to prevent the possible recurrence of BMW vehicle fires.BMW Korea has been in effect since January this year, replacin

To expand AMOLED markets for IT, Samsung Display held technical seminars with inviting global IT companies in Silicon Valley.Samsung Display said on May 16 that it held the "2019 Samsung AMOLED Forum" at Samsung's U.S. corporate office building located in San Jose, Silicon Valley, on May 14~15 f

Hana Financial Group has won a lawsuit against Lone Star, a U.S. private equity fund, for damages amounting to 1.668 trillion won (1,443 million dollars). As a result, chances are high to win the ongoing investor-state dispute (ISD) between Lone Star and the Korean government.Hana Financial said on

"Quickly, fast. It's 5G. It's convenient, comfortable. It's 5G ~ I like It!" KT captivates the mind of the public again with its catchy lyrics and cute, lively choreography of 5G song.KT unveiled the world's first "5G superpower song" on YouTube on May 15, featuring the 5G characteri

Lotte Chairman Shin Dong-bin met with U.S. President Donald Trump at the White House in Washington D.C. on May 13 (local time) to discuss ways to expand investment and cooperate. It is the first time for a South Korean business leader to have a meeting with U.S. President Donald Trump at the White H

A foreign executive of MSD Korea (CEO Avi BenShoshan) reportedly overused his power and committed sexual harassment against employees.According to multiple media outlets, including Korea Biomedical Review "Youth Doctors," on May 14, the foreign executive director of Korea MSD is suspected of drinkin

Police raided a hospital used by Lee Boo-jin, president of Hotel Shilla, over allegations that she habitually administered propofol, a drug sleeping anesthetic. It is the second time that the hospital has been raided since the allegations were raised.The Seoul Metropolitan Police Agency sent seven i

It was belatedly confirmed that Samsung Electronics was sent to the prosecution last month in connection with the allegation that it fabricated emission figures for fine dust-causing substances. Samsung Electronics was not included when the government unveiled a list of six companies and measurement

Netmarble's "The King of Fighters All-Star" has been listed on the Apple's App Store and Google Play Sales Top 5 just four days after its release.According to the mobile app market analysis site, the game is ranked No. 1 and No. 4 in sales, respectively, on the morning of May 13 at Apple'

Police summoned Kim Hyo-joon, 62, chairman of BMW Korea, on May 10 over allegations that he was involved in a controversial BMW vehicle defect which caused a series of fires last year and concealment scandal.The Seoul Metropolitan Police Agency summoned Kim earlier in the day as a suspect in the all

Samsung Electronics today announced that it has received the ISO 26262 certification for functional safety in automotive components from TÜV Rheinland, a globally renowned third-party testing, inspection and certification company. The accreditation of Samsung’s new functional safety management syste

Regarding allegations that Korea National Oil Corporation (KNOC) is involved in violations of sanctions imposed by the U.N. and the U.S. against North Korea, the corporation said, "It is groundless."Recently, a media outlet reported that a logistics company, whose biggest shareholder is KNOC, has sh

Mercedes-Benz Korea, which caused controversy over its emission gas rigging, is under intense tax investigation by tax authorities, according to a May 9 report of etoday.The National Tax Service (NTS) dispatched agents from the International Trade Investigation Bureau of the Seoul Regional Tax Offic

Amid Samsung's alleged systematic destruction of evidence in the investigation into Samsung BioLogics' accounting fraud, some point out that Samsung is above the law as it has been sanctioned several times in the past for obstructing the Fair Trade Commission (FTC)'s investigative activi

JW Holdings said on May 9 that it has been proven new to the technology for early diagnosis of pancreatic cancer by the Chinese Patent Office. It acquired a Chinese patent for the world's first "multi-bromarker diagnostic kit" source technology, which can detect pancreatic cancer early only thro

Rep. Park Yong-jin of the ruling Democratic Party of Korea claimed on May 7 that the Supreme Court's ruling on the bribery case of Samsung Electronics Vice Chairman Lee Jae-yong should be made after the prosecution's investigation into the Samsung BioLogics accounting fraud case."Samsung Bio

KT, Samsung SDS and Shinsung E&G signed an MOU on May 7 for cooperation in 5G Smart Factory business at the Shinseong Engine plant in Yongin, Gyeonggi Province and agreed to push for commercialization of 5G smart factory and the Internet of Things for industrial use.Under the MOU, the three companie

The National Tax Service (NTS) has launched a tax probe into Samsung Life Insurance. It is the first time in five years since the tax probe in 2014. Samsung Life Insurance has been under a tax probe organized by the National Tax Service since April 29.The tax probe is a regular tax audit that is nor

Prosecutors investigating Samsung BioLogics' alleged accounting fraud investigated and sent back an employee of its subsidiary who stole the company's public server and had been hiding it at his home.Judging that the employee could not have taken the server off of his own and kept it at home

It has been confirmed that the prosecution called in the then vice president, who was in charge of Hyundai Motor's quality headquarters, for questioning over the alleged cover-up of defects in Hyundai-Kia's engine and airbags.The prosecution appears to be expanding its probe to the top manag