SEOUL Yanolja's gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalize on the globalization of a novel approach to short-stay accommodation, its chief executive told Reuters. | Video
* Yanolja CEO says GIC, Booking Holdings agree to invest
SEOUL North Korea fired several "unidentified short-range projectiles" into the sea off its east coast on Saturday, prompting South Korea to call on its communist neighbour to "stop acts that escalate military tension on the Korean Peninsula". | Video
SEOUL, May 4 North Korea fired several
short-range projectiles from its east coast on Saturday, South
Korea's military said, as analysts said the country is stepping
up pressure against the United States after February's failed
nuclear summit in Hanoi.
SEOUL A South Korean automakers' group called on Friday for an end to generous state subsidies for sales of Chinese electric vehicles (EVs), citing a potential threat to local automakers and Beijing's "discrimination" against EVs equipped with Korean batteries.
SEOUL South Korea's Hyundai Motor unveiled a promising outlook for sales at home and in the United States, and also reported its first rise in profit in five quarters, in an early sign of recovery even as it battles a slump in China.
SEOUL Hyundai Motor Co has appointed Jose Munoz as global chief operating officer and Americas chief, tapping a man formerly considered an ally and potential successor of Nissan Motor Co Ltd's ousted Chairman Carlos Ghosn.
GWANGJU, South Korea Park Byung-kyu once led Kia Motor's union in the city of Gwangju, fighting for labour protections against the powerful, family-run chaebol that dominated the economy during South Korea's rapid industrialisation.