Korean’s offshore financial assets soar to all-time high

The Korea Herald > Business

Lotte founder's third wife indicted over tax evasion charges

The third wife of the embattled Lotte Group's founder has been indicted on charges of tax evasion without being questioned as she failed to comply to prosecutors' summons, authorities said Tuesday.The Seoul Central District Prosecutors' Office looking into alleged corporate crimes of the c...

Updated : 2016.09.27 13:57

Samsung Electronics' earnings expected to rebound in Q4

The global recall of the Galaxy Note 7 smartphones may cut Samsung Electronics' projected third-quarter operating profit by over 5 percent, but the global giant's earnings are expected to rebound in the fourth quarter, industry analysts said on Tuesday.A survey by financial information pro...

Updated : 2016.09.27 11:10

Refiners may report stronger-than-expected Q3 earnings on improving margins

South Korean refiners may report stronger-than-expected earnings for the third quarter as their refining margins are forecast to have rebounded sharply in August, industry sources said Tuesday.The benchmark Singapore complex gross refining margin hovered above $7 per barrel this month, sha...

Updated : 2016.09.27 10:46

Capital firms' net jumps 25% on lower costs

Seventy three credit-specialized finance firms in South Korea, excluding credit card companies, saw their net profits jump more than 25 percent on-year in the first half of this year thanks to less loan loss costs and lower interest rates, official data showed Tuesday.Their aggregate net p...

Updated : 2016.09.27 10:44

Samsung launches startup incubation program in Israel

Samsung Electronics Co., South Korean tech behemoth, said Monday that it has launched a startups-incubating program in Israel as part of its efforts to help promising startups expand their presence.The Samsung NEXT Tel Aviv will serve as a center for startups there. A startup may be funded...

Updated : 2016.09.26 20:54

[Graphic News] Koreans own W34 million on average in net financial assets: report

Korea’s net per capita financial assets stood at 33.88 million won ($30,750) in 2015, far behind its Asian peers Singapore and Taiwan, a report showed Monday.Switzerland came in first at 211.46 milli...

Updated : 2016.09.26 18:05

[DECODED] Chey leads SK’s global search for growth

The chief executives of key SK companies have been busy doing homework lately. In front of SK Group Chairman Chey Tae-won and his fellow CEOs, they have to make a presentation next month on ways to fu...

Updated : 2016.09.26 17:27

Samsung, LG likely to see contracted earnings in Q3

South Korean tech giants Samsung Electronics and LG are likely to see contracted earnings in the third quarter due to sluggish smartphone sales, market analysts said Monday. Local financial data provi...

Updated : 2016.09.26 16:05

Mirae Asset Daewoo releases fund for US real estate investment

Mirae Asset Daewoo has put on sale a public fund, the first of its kind in Korea, to invest in four prime office buildings in Dallas, Texas, the firm said Monday. The fund, worth a total of 300 billio...

Updated : 2016.09.26 15:59

Prosecutors request arrest warrant for Lotte chairman

South Korean prosecutors requested a warrant to arrest Lotte Group Chairman Shin Dong-bin on Monday as the criminal investigation into alleged corruption at Korea’s fifth-largest conglomerate nears i...

Updated : 2016.09.26 15:57

Hyundai Motor hit by first labor strike in 12 years

Hyundai Motor, the nation’s largest carmaker, is expected to suffer from a substantial delay in production, as unionized workers have staged a full-pledged protest Monday for the first time in 12 yea...

Updated : 2016.09.26 15:55

[DECODED] Who is Chey Tae-won?

If the life story of SK Group Chairman Chey Tae-won is ever to be made into a film or TV drama, it would be a mash-up of genres -- romance, corporate and even courtroom drama. A 20-something Chey has ...

Updated : 2016.09.26 15:52

KT acquires online ad agency N Search Marketing

KT Corp., South Korea's largest broadband Internet operator, said Monday it has acquired the nation's top online advertising agency N Search Marketing Corp.The acquisition paves the way for KT to make inroads into the growing market for search-based ads.KT and its online ad affiliate Nasme...

Updated : 2016.09.26 15:44

[Kosdaq Star] InBody to benefit from aging, fare well globally

“Let’s InBody!” Names of some companies or products become verbs, if they become popular. InBody has become a new verb in the beauty and health care community, especially among young women who want...

Updated : 2016.09.26 15:38

Angolan oil firm’s takeover delay deepens DSME’s liquidity woes

Concerns were growing again Monday over liquidity woes of Daewoo Shipbuilding and Marine Engineering, as the Angolan state-run company is likely to delay the takeover of its drill ships once again. Th...

Updated : 2016.09.26 15:35