S. Korean, U.S., Chinese nuclear envoys to meet in Beijing

The Korea Herald > Business

Samsung's market cap surges after merger deal

The market capitalization of Samsung Group, South Korea's No. 1 conglomerate, jumped two days after it announced a plan to merge two key affiliates, making the owner family richer, data showed Thursday.In the latest in a series of mergers among group affiliates, Cheil Industries Inc., Sams...

Updated : 2015.05.28 10:32

S. Korea unlikely to take hit from U.S. rate hike: Bernanke

South Korea is unlikely to be hit hard by a possible U.S. interest rate hike, former Federal Reserve chairman Ben Bernanke said, dismissing concerns it could spark a massive capital outflow from Asia's fourth-largest economy.The U.S. central bank is widely expected to raise its key rate as...

Updated : 2015.05.28 10:03

Household loans surge to 9-year high

Household loans by commercial banks have risen to the highest level in nine years, driven by record low interest rates and an upbeat property market, data from the financial regulator showed Wednesday...

Updated : 2015.05.27 21:18

KT Wiz release struggling pitcher Andy Sisco

South Korean baseball club KT Wiz on Wednesday released their struggling pitcher Andy Sisco.The expansion team in the Korea Baseball Organization (KBO) said they are currently looking for Sisco's replacement, possibly a position player.The 32-year-old left-hander began the season in the ro...

Updated : 2015.05.27 21:14

Jeju, LG Group aim for ‘carbon-free’ island by 2030

Jejudo Island and LG Group have joined hands to make the province carbon-free by the year 2030. The two signed a memorandum of understanding on Tuesday to initiate the “Global Eco Platform Jeju” pro...

Updated : 2015.05.27 21:04

Kumho Asiana discusses investment with Vietnamese delegation

Kumho Asiana Group chairman Park Sam-koo and Ho Chi Minh City Party Committee secretary Le Thanh Hai met in Seoul on Wednesday to discuss ways to expand business investments and exchanges between the ...

Updated : 2015.05.27 21:04

Hyundai E&C makes progress in Latin America

Hyundai Engineering & Construction has been making strides in the Latin American market since setting up a branch in Bogota, Colombia, in 2010.A Hyundai E&C spokesperson said the company had decided to enter the Latin American market as construction in the Middle East became overly competi...

Updated : 2015.05.27 21:03

[Herald Interview] K-pop, Chinese tourist influx turn Swarovski’s eyes to Korea

The Korean pop culture wave spreading across the globe has even touched the jewelry industry, said Hermann Winkler, senior vice president of sales operations in North Asia at Swarovski. “When you put...

Updated : 2015.05.27 21:03

Fake herb scandal hits liquor industry

The “fake herb” scandal triggered by products sold by health food manufacturer Naturalendo Tech has hit the KOSDAQ bourse and the television home shopping industry. Now it is the liquor business tha...

Updated : 2015.05.27 21:02

POSCO’s steel mill project gets Chinese approval

POSCO, the country’s leading steelmaker, was granted approval by the Chinese government to build a steel mill there with an annual capacity of 3 million tons, the company said Wednesday. Once the company gets the green light from the South Korean government, POSCO will build the facilitie...

Updated : 2015.05.27 21:00

Could Pholar be the next Instagram?

Hashtags ― the symbols placed in front of keywords to facilitate social media searches ― take center stage in Pholar, a new, photo-sharing social media app launched by Korea’s largest Web portal, N...

Updated : 2015.05.27 20:59

Nexon launches first mobile game

Announcing the official release date of its mobile game “Mabinogi Duel,” South Korea’s top online game developer Nexon Korea said Wednesday it would increase its presence in the global mobile game ...

Updated : 2015.05.27 20:58

LG Chem, Duke Energy to build energy storage

South Korea’s leading battery maker LG Chem said Wednesday it has inked a deal with North America’s largest power company Duke Energy to build an energy storage system at a retired coal power plant in Ohio. The company said it would provide the operating system and batteries for the 2-me...

Updated : 2015.05.27 20:58

'Samsung Group' funds get boost from groupwide reshuffle moves

Stock funds that invest in affiliates of Samsung Group are expected to continue to build up gains on hopes that South Korea's largest conglomerate will accelerate its moves toward a more simplified ownership structure through mergers and asset sales, thus inducing a leadership change to th...

Updated : 2015.05.27 18:27

Korean won hits 2-month low vs dollar on looming U.S. rate hike

South Korea's currency fell to the lowest level against the U.S. dollar in two months on Wednesday, moving in tandem with major counterparts' descent against the greenback on rising speculation that the U.S. Federal Reserve will hike borrowing costs, analysts said.The Korean won was changi...

Updated : 2015.05.27 15:07