Gaza 12-hour humanitarian truce enters into force

The Korea Herald > Business

[Weekender] End of privacy

Shortly after the Sewol ferry sank in April, South Korean authorities hurriedly combed the messages and photos stored in the victims’ Kakao Talk chats to learn more about the tragic sinking.One might...

Updated : 2014.07.25 21:57

[Weekender] Poor cybersecurity plagues Koreans

In July 2011, a hacking attack on SK Communications, operator of the once-popular social media site Cyworld, resulted in a data leakage involving over 35 million people. It marked the largest theft of...

Updated : 2014.07.25 21:53

[Weekender] Korea faces digital footprint dilemma

On Wednesday, South Korean consumer rights activists filed a lawsuit at a Seoul court demanding that Google Korea disclose whether the IT behemoth shared its users’ personal data with outside parties...

Updated : 2014.07.25 21:52

[Weekender] ‘Joint efforts needed for data protection’

Social media is an important digital platform to build social networks and share activities. According to the Korea Internet & Security Agency, around 55 percent of South Koreans used social media in ...

Updated : 2014.07.25 21:48

Asiana Airlines continues upscale push with A380

The Asiana 380 special editionAsiana Airlines on Friday held a launch event for its second A380 jumbo jet at Incheon International Airport, following the acquisition of its first in May. “With the ta...

Updated : 2014.07.25 21:45

New cross-shareholding ban takes effect

South Korea’s antitrust watchdog on Friday launched a ban on any new cross-shareholding investment among the affiliates of conglomerates, a move aimed at improving governance of the nation’s leading family-controlled conglomerates.With the new ruling, the Fair Trade Commission is able to...

Updated : 2014.07.25 21:39

Kakao to launch mobile news service

Kakao Corp., the operator of Korea’s most-used mobile messenger Kakao Talk, is scheduled to launch a news content service later this year.“We plan to start offering news content that collects and shows information from news, blogs and social networking services. For this, the company is ...

Updated : 2014.07.25 21:39

Daewoo E&C’s earnings jump on housing orders

Daewoo Engineering & Construction, a leading South Korean builder, achieved a better-than-expected 95.7 billion won ($92.9 million) in net earnings in the first half of this year, an 18 percent increase from the same period a year ago, the company said on Friday. Daewoo logged 222.5 billio...

Updated : 2014.07.25 21:39

Seoul shares hit yearly high on bold stimulus package

South Korean stocks on Friday reached a new high for 2014, bolstered by expectations that government stimulus measures may boost the local economy, analysts said.Starting the day in positive territory, the benchmark Korea Composite Stock Price Index rose to 2,036.20 at one point during the...

Updated : 2014.07.25 21:38

Hyundai E&C’s net earnings surge 20.8% in Q2

Hyundai Engineering and Construction, the nation’s top builder, said Friday its net earnings for the second quarter surged 20.8 percent on-year to 156.9 billion won ($152.1 million), helped by the start of large-scale overseas projects.Operating profit soared 39.3 percent to 279.6 billion...

Updated : 2014.07.25 21:38

Kia Motors’ net profit plunges 13.3% in Q2

Kia Motors Corp., South Korea’s No. 2 automaker, said Friday its net income for the second quarter plunged 13.3 percent on-year to 1.02 trillion won ($988 million), due to unfavorable exchange rates that offset gains in the total number of cars it sold. Operating profit also nosedived 31....

Updated : 2014.07.25 21:37

SK Innovation Q2 net income falls to red

SK Innovation, the holding company of SK Group’s energy units, including SK Energy, said Friday its net income swung to the red from a year earlier due to a weak refining margin and foreign exchange losses.Net loss reached 23 billion won ($22.33 million) in the April-June period compared ...

Updated : 2014.07.25 21:37

KB Financial net doubles in Q2

South Korean financial group KB Financial Group said Friday its second-quarter earnings more than doubled from a year ago after last year’s one-off profit-loss factor was removed.The financial group’s net profit in the April-June period came in at 398.4 billion won ($388.2 million), soar...

Updated : 2014.07.25 21:37

Growth slows to 0.6% on weak consumption

The South Korean economy expanded 0.6 percent in the second quarter from three months earlier, growing at the slowest pace in five quarters as sluggish consumption sapped growth, central bank data sho...

Updated : 2014.07.24 21:50

Seoul to push tax on corporate cash reserves

The South Korean government announced a set of economic stimulus measures on Thursday, including a controversial plan to levy taxes on cash reserves kept at the nation’s largest companies. The financ...

Updated : 2014.07.24 21:32