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CJ Cheiljedang, franchisees sign pact on fair transactions

CJ Cheiljedang Corp., South Korea's top food maker, and its franchisees signed a pact that helps promote fair business transactions between the two sides, the antitrust regulator said Thursday. It w...

Dec 5, 2019
Industry
S. Korea's current account surplus reaches 12-month high in Oct.

South Korea's current account surplus grew slightly from a month earlier to reach a 12-month high in October as its service account deficit narrowed while its primary income account surplus expanded,...

Dec 5, 2019
Economy
Samsung overwhelms LG, Apple in local smartphone market share

Samsung Electronics dominated the South Korean market for smartphones in the third quarter, widening the gap with local competitor LG Electronics, as well as that with Apple of the United States, ind...

Dec 4, 2019
Technology
SK chief’s wife files divorce countersuit, claims 42.3% of his stake in firm

Roh So-young, founder of Art Center Nabi and wife of SK Group Chairman Chey Tae-won, has filed a divorce countersuit against her husband, claiming a huge stake in the nation’s third-largest conglomer...

Dec 4, 2019
Industry
Samsung heir to meet Sweden’s biggest biz tycoon Wallenberg

De facto Samsung Electronics leader Lee Jae-yong is expected to meet with the owner of largest Swedish business group Wallenberg later this month, according to news reports Wednesday. Lee will repor...

Dec 4, 2019
Technology
Samsung likely to hide hinge in Galaxy Fold 2

Samsung Electronics appears to be working on hiding the hinge component in the second edition of Galaxy Fold that is expected to be launched next August, according to industry sources Wednesday. The...

Dec 4, 2019
Technology
Restructuring involves inevitable financial consequences: KDB chief

Social disturbances and financial costs during restructuring are the inevitable price one has to pay in order to reform the economy and prevent further damages, according to the chief of South Korea’...

Dec 4, 2019
Finance
Samsung BioLogics bags W86b contract deal

Analysts notch up earnings projection for 2020

Dec 4, 2019
Industry
S. Korea to spend W300b on ‘fintech unicorn’ project

The Finance Ministry announced Wednesday plans to establish a 12 trillion won ($10 billion) fund to help support competent startups scale up as unicorns, allocating 300 billion won exclusively for fi...

Dec 4, 2019
Economy
Naver joins cross-border mobile payment alliance

A financial arm of South Korea's leading portal operator Naver Corp. said Wednesday it has joined a cross-border mobile payment alliance with its Asian partners. The collaboration enables the four c...

Dec 4, 2019
Industry
4 industry doyens join race to be next KOFIA leader

Four industry experts have joined the race to head the leading nonprofit, self-regulatory financial organization in South Korea. According to the Korea Financial Investment Association on Wednesday,...

Dec 4, 2019
Finance
Hyundai Motor to invest W61.1tr for R&D, future tech under 2025 road map

Automaker aims to transform itself into ‘smart mobility solution provider’

Dec 4, 2019
Automode
Tax agency unveils list of habitual tax delinquents

The country's tax agency on Wednesday disclosed a fresh list of some 6,800 new citizens and corporate entities with unpaid taxes exceeding 200 million won ($167,462) for one year or longer. The Nati...

Dec 4, 2019
Economy
Finance minister dismisses fears of deflation

South Korea's chief economic policymaker said Wednesday he sees no acute risk of deflation, adding that next year's projected inflation rate will be higher than this year's. The remarks by Finance M...

Dec 4, 2019
Economy
Intel eyes AI on 'edge computing'

US chipmaker Intel Corp. said Wednesday that it will focus on "edge computing" that could hold the key to the success of artificial intelligence in the future. Edge computing refers to the practice ...

Dec 4, 2019
Industry

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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