U.S. plans to open Atlantic to drilling

The Korea Herald > Business

LG buoyed by affiliates’ strong performance

LG Group, the nation’s fourth-largest business conglomerate by assets, is cutting a fine figure in business circles as its major affiliates reaped huge profits despite the protracted global economic ...

Updated : 2015.01.28 22:30

AXA Direct kicks off English website for foreigners

AXA Direct Korea, the Korean branch of Paris-based global insurance provider AXA Group, is to launch an English website service for foreign residents here.Starting from Monday, foreigners will be able...

Updated : 2015.01.28 22:29

JTI Korea names new chief

Steve R. DyerJapan Tobacco International named Steve R. Dyer as the new general manager of its Korean operation, JTI Korea said Wednesday. The South African-born executive will take over the helm on F...

Updated : 2015.01.28 22:25

Starbucks faces legal action over menu omission

(Bloomberg)A consumer group has taken action against Starbucks Korea for failing to include the price of short size drinks on its menu, claiming the move is aimed at selling more expensive drinks.The ...

Updated : 2015.01.28 22:25

GM Korea’s Trax receives highest safety rating in U.S.

GM Korea Co.’s crossover sport utility vehicle Trax has received the highest rating on safety by a U.S. agency, the company said Wednesday.The National Highway Traffic Safety Administration recently conducted a “new car assessment program” in which the Trax received the highest five-sta...

Updated : 2015.01.28 22:24

Japanese, German car parts makers under probe: FTC

South Korea’s antitrust watchdog is investigating Japanese and German car parts manufacturers for price-fixing on products they sold to local automakers, a source said Wednesday.The names of the companies under investigation and the parts supplied have not been made public, but the Fair T...

Updated : 2015.01.28 22:23

Shares up 0.47% as eurozone jitters fade

South Korean stocks ended 0.47 percent higher on Wednesday as investors scooped up shares amid eased concerns over Greece and hopes on the European Central Bank’s massive stimulus, analysts said. The local currency weakened against the U.S. dollar.The benchmark Korea Composite Stock Price...

Updated : 2015.01.28 22:23

[Newsmaker] Nexon starts battle for control of NCSoft

A battle has begun for control of NCSoft, the nation’s second-biggest game developer, as Nexon, its largest shareholder, has officially vowed to participate in its management. Nexon, the largest onli...

Updated : 2015.01.28 22:05

Korea, Alibaba seek logistics partnership

Choi Kyung-hwan. (Yonhap)South Korea’s Finance Minister Choi Kyung-hwan and Alibaba Group chairman Jack Ma agreed to seek partnership between Korea’s logistics companies and the Chinese e-commerce g...

Updated : 2015.01.28 21:50

Race heats up in bid to build national emergency network

A 2 trillion won ($1.84 billion) mega race has commenced as the Korean government plans to launch a new project building a nationwide emergency network based on Long Term Evolution technology ― the f...

Updated : 2015.01.28 21:48

LG CNS launches mentoring program

LG CNS employees pose at the firm’s mentoring program for new workers. (LG CNS)LG CNS, one of Korea’s information technology solutions developers, said Wednesday that it has launched this year’s me...

Updated : 2015.01.28 21:47

SK hynix earnings hit all-time high

The main gate of SK hynix in Icheon, Gyeonggi Province. (Yonhap)South Korea’s No. 2 chipmaker, SK hynix Inc., on Wednesday reported all-time high earnings in 2014, marking the second consecutive year...

Updated : 2015.01.28 21:46

Google’s super-fast U.S. Internet service spreads

Google’s super-fast Internet service ― up to 100 times quicker than basic broadband ― is heading for four more U.S. metropolitan areas as the technology titan ramps up pressure on cable service giants.A Google Fiber program launched nearly five years ago will expand to 18 cities in the ...

Updated : 2015.01.28 21:45

China accuses Alibaba of lax oversight of merchants

Alibaba Group Holding Ltd. has a “credibility crisis” fueled by its failure to crack down on shady merchants, counterfeit goods, bribery and misleading promotions in online malls, the Chinese government said.The scathing report by the State Administration for Industry & Commerce accused ...

Updated : 2015.01.28 21:45

Korean unit of Macquarie Funds ordered to suspend partial business

South Korea's top financial regulator on Wednesday imposed a three-month partial business suspension and a fine of 100 million won ($92,000) on the local unit of Australia-based asset manager Macquarie Funds Group for engaging in illegal bond trading.In November, the Financial Supervisory ...

Updated : 2015.01.28 18:43