Samsung unit vows more dividends, improved governance amid merger dispute

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Samsung unit vows more dividends, improved governance amid merger dispute

Cheil Industries Inc., the de facto holding company of Samsung Group, pledged Tuesday to deliver more dividends to shareholders and revamp its overall governance structure, as it seeks to convince investors ahead of a key shareholders meeting for a proposed merger with the group's construc...

Updated : 2015.06.30 14:13

Hotel Shilla CEO asks China to encourage tours to S. Korea

The CEO of South Korea's Hotel Shilla Co., Lee Boo-jin, has asked Chinese officials to encourage citizens to make trips to South Korea, the company said Tuesday, as the MERS outbreak shows signs of easing in the country.   Lee has been on a visit to Beijing and Shanghai this week during ...

Updated : 2015.06.30 14:12

Tourism sector's slump to last into summer season: poll

The South Korean tourism industry has been hit hardest by the outbreak of Middle East Respiratory Syndrome over the past month, but the slump may continue into the summer season from mass cancellations for hotels and tour packages, a poll showed Tuesday.   The tourism and hotel industrie...

Updated : 2015.06.30 11:02

Hyundai signs 4-year NFL sponsorship deal

South Korea's leading automaker, Hyundai Motor Co., said Tuesday it has clinched a four-year sponsorship deal with the National Football League as part of efforts to tap deeper into the U.S. market via the most-viewed sports league there.  With the latest deal, the Seoul-based carmaker r...

Updated : 2015.06.30 09:37

S. Korean banks' exposure to Greece not large: watchdog

South Korean banks' exposure to cash-strapped Greece is not so large, the financial watchdog said Tuesday, raising expectations that a default by the struggling European country would have a limited impact on them.  Local banks and non-bank institutions' exposure to Greece stood at $1.18...

Updated : 2015.06.30 09:36

Industrial output dips for 3rd month in May

South Korea's industrial output fell for the third straight month in May as the sluggish pace of global recovery hurt its outbound shipments and affected production of cars and semiconductors, a government report showed Tuesday.  According to the report by Statistics Korea, production in...

Updated : 2015.06.30 09:35

S. Korean manufacturers' July sentiment dips to near 3-year low

South Korean manufacturers' business confidence for July plunged to the lowest level in almost three years, a poll showed Tuesday, as the outbreak of MERS in Asia's fourth-largest economy is feared to further worsen already feeble domestic demand.  The business sentiment index, which mea...

Updated : 2015.06.30 09:34

Lone Star case calls for look back on Seoul's legal, financial efficacy

One of the most controversial and scrutinized corporate deals in the recent history of South Korea is heading into overtime, inspiring the need to look back on the capability of financial and judiciary officials here.  The second round of hearing for a multi-billion-dollar case between t...

Updated : 2015.06.30 09:32

Hana, KEB to offer gold rings to Aug. 15 babies

Celebrating the 70th anniversary of National Liberation Day, Hana Bank and Korea Exchange Bank will present solid gold birthday rings to babies whose first birthday is on Aug. 15.Parents with babies b...

Updated : 2015.06.30 09:06

EBay to support smaller firms

EBay Korea, the operator of Korea’s largest online shopping site Gmarket and Auction.co.kr, signed a deal with the Small & Medium Business Corporation to support domestic small and medium-sized compa...

Updated : 2015.06.29 19:24

Tougher monitoring of unfair practices in capital markets

This is the third in a monthly series contributed by executive members of the Financial Supervisory Service to address key ongoing financial issues. ― Ed.The weather forecasts recently said that Kore...

Updated : 2015.06.29 19:23

[Photo News] Bring cinema experience home

BRING CINEMA EXPERIENCE HOME — South Korea’s leading mobile carrier SK Telecom rolls out a new pico projector, UO Smart Beam 2 on Monday. The portable device featuring 80 lumens of brightness can di...

Updated : 2015.06.29 19:03

[Photo News] Watch video content on single platform

WATCH VIDEO CONTENT ON SINGLE PLATFORM -- LG Uplus chief executive Lee Sang-chul (right) and singer BoA pose at a launch ceremony of the mobile carrier’s mobile video portal service running on the Lo...

Updated : 2015.06.29 19:02

Members sign up to China-led bank

Countries from five continents formally signed up Monday to the China-led Asian Infrastructure Investment Bank -- a potential rival to the Washington-based World Bank and the Asian Development Bank.A ...

Updated : 2015.06.29 18:30

Desperation, anger in Greek bailout protests

 ATHENS -- While financial leaders of the eurozone sought to agree to terms with Greece on another bailout program, people were torn over Prime Minister Alexis Tsipras, who they elected to oppose the creditors’ demands.  Greece risks default if a bailout is not secured, but, unwilling t...

Updated : 2015.06.29 18:26