Beast to hold 1st solo concert in Hong Kong

The Korea Herald > Business

Kumho Industrial bid ends fruitless

The latest bid for controlling shares of Kumho Industrial Co., the de facto holding firm of Kumho Asiana Group, ended in vain, industry sources said Tuesday, as the sole bidder's offered price did not meet expectations.The decision came after Hoban Construction Co., a mid-sized local build...

Updated : 2015.04.28 21:28

SK Telecom's share continues to hover below 50 pct in March

South Korea's top mobile carrier SK Telecom saw its market share hover below 50 percent for the second consecutive month in March, data showed Tuesday, as smaller rivals continued to expand grounds through budget smartphones.According to data compiled by the Ministry of Science, ICT and Fu...

Updated : 2015.04.28 20:24

Slump in major countries weighs on Korean economy

The global economy is turning unfavorable to South Korea as four major economies ― the U.S., China, the eurozone and Japan ― are showing worse-than-expected performance indicators.Korean policymakers recently bolstered their monitoring of the global market amid the concern that a continu...

Updated : 2015.04.28 19:46

SK Telecom vows to offer differentiated 5G services

South Korea’s No. 1 mobile network operator SK Telecom discussed how to create an ecosystem for 5G technology with global firms and ventures at a forum in Seoul on Tuesday.“SKT is currently working ...

Updated : 2015.04.28 19:32

LG Group chairman urges executives to lead innovation

LG Group chairman Koo Bon-moo on Tuesday urged executives to lead innovative experiments across business divisions as part of the strategy to strengthen competitiveness during economic uncertainties.“...

Updated : 2015.04.28 19:29

GS Caltex runs programs to help community

GS Caltex has been organizing art therapy for children, a center for the elderly, scholarship funds for low-income students and other social contribution programs in South Korea. Since 2013, the natio...

Updated : 2015.04.28 19:28

Fitbit releases new fitness band in Korea

U.S. wearable activity tracker-maker Fitbit released its new fitness wristband Fitbit Charge HR in Korea on Tuesday, aiming to increase its footing in the market where the smartphone penetration rate reaches around 80 percent.“(The exponential growth of the fitness wearable market in rece...

Updated : 2015.04.28 19:28

Malaysia to expand palm oil exports to Korea

A top Malaysian official expressed hope that South Korea would import more palm oil products from the Southeast Asian country.“Korea is a very strategic trade partner and an important market for Mala...

Updated : 2015.04.28 19:28

Won hits 7-year high against yen

The South Korean won touched a new seven-year high against the Japanese yen Tuesday, prompting local currency authorities to vow to take appropriate measures if needed.The won-yen arbitrated exchange ...

Updated : 2015.04.28 19:27

Oracle faces Korean fair trade probe

South Korea’s antitrust watchdog said Tuesday it is investigating multinational software giant Oracle Corp. about its possible unfair trading practices related to its database management system. The investigation into the local unit of California-based Oracle, which has been under way for...

Updated : 2015.04.28 19:27

Hoban Construction sole bidder for Kumho Industrial

Hoban Construction, a mid-tier builder, has emerged as the sole bidder for a majority stake in Kumho Industrial, the de facto holding company of Kumho Asiana Group. “Hoban Construction is the only company which submitted a bid by the deadline,” an official of the state-run Korea Developm...

Updated : 2015.04.28 19:27

[SUPER RICH] Superrich reap top dividends

At a time of low economic growth, dividends are rising as a means to promote a smooth economic circulation among the public.As Korean corporations generate more profit every year, foreign investors of...

Updated : 2015.04.28 19:26

[SUPER RICH] Chaebol battle it out in duty-free market

The battle for opening a single downtown duty-free shop is heating up under the watchful eyes of the chiefs of some of the nation’s largest conglomerates. The new duty-free store in central Seoul, wh...

Updated : 2015.04.28 19:23

Fighting home allergens

Fighting home allegensMatt Steel, Dyson’s chief engineer, collects dirt with the company’s new vacuum cleaner at a launching event in Seoul Tuesday. Dyson unveiled three v6 Motorhead vacuum cleaners...

Updated : 2015.04.28 19:18

New road for Saudi oil minister

New road for Saudi oil minister Saudi Aramco board members including president and CEO Khalid A. Al-Falih (far right) and S-Oil CEO Nasser Al-Mahasher (left) attend an unveiling ceremony for the new ...

Updated : 2015.04.28 18:06