The retailer failed to keep pace with changes, losing touch with shoppers and toymakers.
SEOUL, June 19 (Yonhap) -- LG Electronics Inc. on Tuesday released a washer equipped with its artificial-intelligence system dubbed "DeepThinQ," which is capable of understanding users' voice commands.
The South Korean tech giant said the LG Tromm
SEOUL, June 19 (Yonhap) -- Local convenience stores saw their sales jump as tens of thousands of South Koreans took to the streets to cheer on their national football team in the first game of its World Cup campaign, retailers here said Tuesday.
SEOUL, June 19 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has delivered a liquefied natural gas (LNG) carrier with a full re-liquefaction system (FRS) to a client, paving the way for additional orders for ships with the hi
SEOUL, June 19 (Yonhap) -- South Korean smartphone users spent more time on Instagram and less on Facebook in May compared to a year earlier, a research showed Tuesday.
According to the report released by industry tracker WiseApp, South Korean smar
SEOUL, June 19 (Yonhap) -- Volkswagen Korea said Tuesday it will launch the gasoline-powered Passat midsize sedan next month in a move to revive sales that remain weak following the "diesel gate" emissions cheating scandal.
The German carmaker has
SEJONG, June 19 (Yonhap) -- Companies based in restructuring-hit cities and regions will be eligible to win reprieve from tax payment for up to two years under a set of measures meant to help them recover their business operations, the finance ministry
SEOUL, June 19 (Yonhap) -- Mobile megahit game "Lineage M" by South Korean online game maker NCSOFT Corp. is estimated to have raked in more than 1.4 trillion won (US$1.2 billion) in revenue in one year, industry insiders said Tuesday.
SEOUL, June 19 (Yonhap) -- Retailers are adding evening programs at their culture centers to accommodate office workers who will have extra time due to shortened legal working hours starting next month, industry officials said Tuesday.
SEOUL, June 19 (Yonhap) -- South Korean stocks opened almost flat on Tuesday, tracking partial overnight losses on Wall Street.
The benchmark Korea Composite Stock Price Index (KOSPI) was down 0.78 point, or 0.03 percent, to 2,375.46 in the first 1
SEOUL, June 19 (Yonhap) -- Local banks are increasing their assets mostly through loans, especially those to households that are home-collateralized, an analysis report from the Financial Supervisory Service (FSS) said Tuesday.
The report, which tr
SEOUL, June 19 (Yonhap) -- South Korean lenders have adopted fresh guidelines on their hiring procedures as part of efforts to eradicate irregularities and boost transparency, the bank association said Tuesday.
The move came in the wake of a serie
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SEOUL, June 19 (Yonhap) -- Deposits at savings banks are rising again, recovering from a chain of bankruptcies in 2011, industry data showed Tuesday.
According to the Korea Deposit Insurance Corp. (KDIC), there were 67,888 deposit accounts totaling
: Employment growth drops sharply in May; spending tax to create jobs has side effects, limits
Job growth decreased sharply to 72,000 jobs in May after staying a little over 100,000 for three straight months.
It is the first time s
SEOUL, June 19 (Yonhap) -- The following are the top headlines in major South Korean newspapers on June 19.
-- No hilarious surprise for Korean football (Kyunghyang Shinmun)
-- S. Korea to resume logistical project to link
SEOUL, June 19 (Yonhap) -- South Korea's index of import prices rose for five straight months to touch a 42 month-high in May on rising crude oil prices, central bank data showed Tuesday.
In local currency terms, the import price index gained 2.7 p