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The Korea Herald > Business

Samsung Electronics' market cap slips to 13th on global IT chart

Samsung Electronics Co., the world's largest handset maker, slipped to the world's 13th most valuable IT company by market cap as the tech giant's shares suffered losses this year due to a bleak business outlook, a report showed Sunday.   Samsung, South Korea's most valuable company, had...

Updated : 2015.08.30 12:02

Honda to recall over 18,000 crossovers in S. Korea

Honda Motor Co., a Japanese carmaker, will voluntarily recall more than 18,690 crossover vehicles sold in South Korea due to manufacturing defects, the transportation ministry said Sunday.  Subject to the recall are 18,690 CR-V vehicles produced between May 24, 2006, and March 29, 2011, ...

Updated : 2015.08.30 12:01

Biz bodies urge quick parliamentary approval of FTAs

More than 40 South Korean business bodies urged parliament Sunday to quickly approve free trade agreements  with China, Vietnam and New Zealand to help prop up Seoul's slumping exports.  South Korea's exports, the country's key growth engine, have fallen for the seventh consecutive mont...

Updated : 2015.08.30 12:00

September biz outlook grim on China woes: survey

A majority of companies in South Korea are pessimistic about business conditions for next month as fears of China's weakening growth and its stock market rout cloud the outlook for the global economy, a survey showed Sunday.    According to the poll conducted on the country's top 600 co...

Updated : 2015.08.30 12:00

Foreigners continue selling Korean stocks in Aug.

Foreigners have continued their sell-off of Korean stocks this month in the wake of growing uncertainties in the Chinese economy and the timing of the U.S. interest rate hike weighing down on the local equity market, the bourse operator said Sunday.  Foreigners offloaded shares traded on...

Updated : 2015.08.30 10:23

Over 50 public firms adopt wage peak system in Aug.

More than 50 state-run companies and organizations introduced the so-called wage peak system in August amid the government's push for the system in an effort to create more jobs for young people, the finance ministry said Sunday.  As of Friday, 65 out of all public-sector firms and insti...

Updated : 2015.08.30 10:22

Calm on Wall Street: A turbulent week ends on a placid note

Well, that was exciting.Days after China threw the biggest scare into Wall Street in years, U.S. stocks have come surging back and ended the week Friday on a placid note that suggested the worst may be over for now.Even so, investors are buckling their seat belts for more turbulence ahead....

Updated : 2015.08.29 10:33

Seoul shares forecast to rally next week

South Korean stocks are expected to move higher next week as jitters over China's growth abate and anticipation for a delay in the U.S. Federal Reserve's rate hike builds up, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 3.3 percent this week to cl...

Updated : 2015.08.29 10:33

Lotte chairman buys 1.3 pct stake in confectionery unit

Lotte Group Chairman Shin Dong-bin bought a 1.3 percent stake in Lotte Confectionery Co. from a construction unit after the market closing on Friday in a bid to help resolve the group's complex cross-shareholding structure, the retail giant said. Shin bought 19,000 shares from Lotte Constr...

Updated : 2015.08.28 21:03

Merck Korea chief highlights close ties with local partners

Michael Grund, the head of chemical firm Merck Korea, said that maintaining strong partnerships with Korean firms was key to running a successful business here. “We need reliable partners and we stro...

Updated : 2015.08.28 20:37

CrucialTec supplies fingerprint modules for Huawei phone

Huawei’s Honor 7 smartphone featuring CrucialTec’s fingerprint module. (Huawei)South Korea’s biometric technology firm CrucialTec said Friday it has supplied its fingerprint modules for Chinese sma...

Updated : 2015.08.28 20:37

[Weekender] Fintech, smart payments pick up pace

Few may have anticipated the tremendous impacts of smartphones and mobile applications on conventional businesses from taxi operators to brick-and-mortar retailers when the market began adopting smart...

Updated : 2015.08.28 20:33

Hyundai Motor to hire 36,000 in 3 years

Hyundai Motor Group on Thursday announced that it will hire about 36,000 young people over the next three years and support an additional 12,000 people’s start-ups. The plans come after the company proclaimed a three-year 81 trillion won ($68.9 billion) investment plan early this year alo...

Updated : 2015.08.28 19:13

Lotte seeks shopping malls in India

Lotte Group chairman Shin Dong-bin (second from left) poses with Indian Prime Minister Narendra Modi (center) in New Delhi on Thursday. Lotte GroupLotte Group chairman Shin Dong-bin on Thursday reques...

Updated : 2015.08.28 19:08

Gyeongju radioactive waste treatment facility

 Gyeongju radioactive waste treatment facility --  Prime Minister Hwang Kyo-ahn (fourth from left) and other high-ranking government officials mark the completion of the construction of the Gyeongju...

Updated : 2015.08.28 19:06