The Korea Herald > Business
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LEIPZIG, Germany ― Korea again posted the highest fatality rate of pedestrians among the 29 OECD member nations last year, a recent report found Wednesday.The figures came amid growing attention for walking as an alternative transportation for cars and other motorized vehicles at the 2013...
Updated : 2013.05.23 20:28
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Korean tax authorities are gearing up for a full-scale probe into those holding offshore accounts via paper companies created in tax havens exposed by non-profit news organizations.Investigations into...
Updated : 2013.05.23 20:28
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Tax havens are drawing media limelight after a journalist group disclosed 245 Korean businessmen and their families suspected of evading taxes by running paper companies in countries or territories th...
Updated : 2013.05.23 20:25
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The new leadership of Woori Financial Group, which is expected to take the initiative in privatizing the state-funded firm, will take over in the coming weeks.The group’s personnel affairs committee ...
Updated : 2013.05.23 20:24
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GS Group said on Thursday it will grant regular staff status to 2,500 contract workers and part-timers, being the fifth conglomerate to make such a decision after CJ, Hanwha, Shinsegae (E-mart) and SK Groups.GS said it will start with 2,150 product display staff and cashiers at GS Retail a...
Updated : 2013.05.23 20:06
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Samsung Electronics Co., the world’s top smartphone maker, said Thursday that global sales of its Galaxy S4 smartphones have surpassed the 10 million mark since its release in late April.The mileston...
Updated : 2013.05.23 20:05
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South Korean display giant LG Display Co. kept its dominant position in the market for liquid crystal display panels that are 9.1 inches or larger in the first quarter, data showed Thursday.Shipments by LG Display reached 44.6 million units in the January-March period, accounting for 27.2 ...
Updated : 2013.05.23 20:05
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SK Telecom said Thursday it would open its mobile voice content service to all visually impaired users of smartphones irrespective of their mobile carriers.The mobile library application, jointly developed by SK Telecom and the Korea Blind Union, offers an audio service that reads books, n...
Updated : 2013.05.23 20:05
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The all-new Lincoln MKZ made its Asian debut in Korea on Thursday with Ford Sales and Service Korea saying at the vehicle’s launch in trendy Cheongdam-dong that it would set new standards for premium...
Updated : 2013.05.23 20:05
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Daewoo International, a trading arm of POSCO, said Thursday it would start sales of natural gas, which will be produced from June in its two offshore gas blocks in Myanmar, to China. The company has explored natural gas in the A1 and A3 offshore blocks, Kyauk Phyu, Myanmar, since 2000 with...
Updated : 2013.05.23 20:05
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LS Industrial Systems Co., a leading South Korean manufacturer of electric components, said Thursday that it will provide equipment and parts for the country’s ambitious high-voltage direct current project.Last year, state-run Korea Electric Power Corp. set up a joint venture with Alstom ...
Updated : 2013.05.23 20:04
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Volkswagen Korea, the local importer of Germany’s Volkswagen Group, said Thursday it has sold more than 300 units of the Polo hatchback in less than a month after its debut in South Korea.Volkswagen Korea introduced its latest model in South Korea on April 25 to broaden its hatchback port...
Updated : 2013.05.23 20:04
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Hyundai Mipo Dockyard Co., a South Korean shipbuilder, said Thursday that it has recently clinched a combined $300 million worth of orders to build 10 vessels, including seven chemical carriers.Hyundai Mipo, a unit of the country’s leading shipbuilder Hyundai Heavy Industries Co., did not...
Updated : 2013.05.23 20:04
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Korea will implement packages in a new incentive program to encourage multinational companies to establish their Asian headquarters in the nation during the second half of this year, officials said Thursday.The Ministry of Trade, Industry and Energy revealed the plan after holding a meetin...
Updated : 2013.05.23 20:02
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The South Korean currency fell 1.3 percent against the U.S. dollar on Thursday as remarks by the head of the Federal Reserve on possible reductions in bond purchases spurred demand for the greenback, dealers said.The local currency closed at 1,128.70 won per the greenback, down 14.70 won f...
Updated : 2013.05.23 20:01
