Lydia Ko shoots 61 in New Zealand Women's Open

The Korea Herald > Business

Uber says database containing driver info was breached

Uber says a database containing the names and drivers' license numbers of 50,000 of its drivers was breached in May.The ride-sharing service says it has notified the drivers and hasn't received any reports of the information being misused. Uber says it will offer a one-year membership in E...

Updated : 2015.02.28 13:37

Korean workers’ average age rises past 44

The average age of the employed in South Korea surpassed 44, marking a new high, a state-run statistics agency said Friday.According to Statistics Korea’s data on the country’s economically active p...

Updated : 2015.02.27 20:46

Restart of aging nuclear reactor sparks controversy

South Korea’s decision to extend the life of its second-oldest nuclear power plant until 2020 has triggered controversy, with residents and civic groups expressing concerns over its safety. The Nucle...

Updated : 2015.02.27 20:40

Hana Financial eyes more charity programs

Hana Financial Group is seeking ways to provide more contributions to society as its “Happy Box” program is drawing a positive response.The banking group carries out the “Happy Box” event as a per...

Updated : 2015.02.27 20:38

[Herald Interview] Foodpolis, a smart way to unlock Chinese market

Global food manufacturers find the Chinese market a tough nut to crack.The U.S. government recently complained about China’s subsidies to enterprises including food manufacturers. Last year, E-mart, ...

Updated : 2015.02.27 20:35

Lezhin aims to boost comic book industry

Unlike in the U.S. or Japan, comic books in Korea have not been considered materials that can fuel creativity and imagination.Parents have discouraged their kids from reading comic books, let alone fr...

Updated : 2015.02.27 20:32

Lotte wins operational license for Jeju downtown duty-free shop

Hotel Lotte won the operational right for a downtown duty-free shop in Jeju, officials said Friday, a move that is anticipated to bolster the company's footing in the South Korean resort island's ballooning duty-free market.  Hotel Lotte, among the three applicants that submitted competi...

Updated : 2015.02.27 18:03

Samsung Electronics won't merge with healthcare affiliate

South Korean tech giant Samsung Electronics Co. said Friday it will not merge with Samsung Medison Co., its healthcare arm, five months after the handset maker said it was "considering" doing so.  "Our company has no plan to merge with Samsung Medison, or split off the medical business,"...

Updated : 2015.02.27 17:53

Seoul shares tick down 0.37 pct on profit-hunting

South Korean stocks crept down 0.37 percent Friday, snapping their seven-session winning streak, as investors sought to lock in profits from recent rallies, analysts said. The South Korean won declined against the U.S. dollar.  The benchmark Korea Composite Stock Price Index lost 7.28 po...

Updated : 2015.02.27 17:52

Shinsegae retracts proposal to buy control of S. Korea's No. 2 carrier

Shinsegae Group, South Korea's largest retail company, said Friday it has retracted its proposal to buy a controlling stake in a formerly debt-ridden local builder that could also have given it ownership of the country's No. 2 air carrier and other affiliates.  "As we have confirmed that...

Updated : 2015.02.27 15:54

Gov't to ease bank levies for won-yuan 'market creators'

South Korea plans to provide incentives by cutting or reducing bank levies on 12 banks that have been named as "market creators" of the won-yuan exchange market in a bid to vitalize the recently launched market.  Under the plan, Seoul will eliminate the bank tax on yuan debts and partial...

Updated : 2015.02.27 15:17

Bank lending rates fall in Jan.

Bank lending rates for new loans in South Korea again trended lower in January after briefly ticking up a month earlier, central bank data showed Friday.  The average rate for new loans to households, companies and other organizations came in at 3.9 percent last month, slipping 0.01 perc...

Updated : 2015.02.27 13:28

Top utility firm KEPCO seeks to sharply cut debts

South Korea's state-run power company Korea Electric Power Corp. seeks to further reduce its debt ratio to a double-digit figure this year on increased earnings while also working to boost its own profit to over 2 trillion won ($1.82 billion), the company's president has said.  In a meet...

Updated : 2015.02.27 12:56

Hyundai Motor's Accent tops subcompact market in China in Jan.

Hyundai Motor Co.'s Accent topped the subcompact car market in China in terms of sales last month, reflecting its growing appeal among local customers keen on quality and affordability, industry data showed Friday.  Hyundai Motor sold a total of 26,515 units of the Accent last month in C...

Updated : 2015.02.27 10:09

Life extension of Wolsong unit 1 reactor approved

The Nuclear Safety and Security Commission approved the life span extension of Wolsong unit 1 reactor until November 2022. The 30-year operating license of the reactor in Gyeongju, North Gyeongsang P...

Updated : 2015.02.27 07:40