Shinhan Bank CEO nominated new chairman of Shinhan Financial

The Korea Herald > Business > Industry

[WEEKENDER] The snack evolution

Snacks, once produced and marketed mostly for children, have become a major consumption item for Koreans of all ages, seeking to munch away their stress with more diverse and healthier options.  (Lo...

Updated : 2017.01.19 18:12

Samsung avoids the worst, but faces major business delays over probe

Samsung Group heaved a sigh of relief Thursday, as a Seoul court rejected a request by a special counsel to arrest the group’s heir apparent Lee Jae-yong. However, the company expressed concerns over...

Updated : 2017.01.19 17:55

US FDA lays out expectations on biosimilar interchangeability

The US Food and Drug Administration has released a draft guideline detailing what drug companies must do to obtain “interchangeability” designation for their lower-cost biosimilars referencing biolo...

Updated : 2017.01.19 16:14

Food firms to use imported powdered eggs

Major South Korean baking and confectionery companies will begin using powdered eggs instead of fresh eggs for their products starting next month, industry officials said Thursday.According to the off...

Updated : 2017.01.19 15:58

Lotte founder's daughter gets 3 years for embezzlement, breach of trust

The daughter of Lotte Group's founder was sentenced to three years in prison Thursday on a string of charges, including embezzlement and breach of trust, in the first court ruling made against a famil...

Updated : 2017.01.19 14:55

More consumers turn to red ginseng to battle fine dust

Jeonggwangjang’s various red ginseng products (Korea Ginseng Corp.)Red ginseng products made by Jeonggwanjang, a brand of Korea Ginseng Corp., have been recording higher sales on growing demand from ...

Updated : 2017.01.19 14:35

Department store sales limp on, reminiscent of Japan

Sales at major department stores have been stagnant for the past five years and lack promising elements for a pickup, retail industry data indicated Thursday, leading some analysts to draw comparisons...

Updated : 2017.01.19 11:30

Korea targets Central America's infrastructure projects

South Korea's transportation and construction ministry said Thursday that it is seeking to sign a memorandum of understanding with a development bank in Central America to widen cooperation in buildin...

Updated : 2017.01.19 10:00

Court rejects arrest warrant sought for Samsung heir

A Seoul court on Thursday rejected an arrest warrant sought for Lee Jae-yong, Samsung Group's de facto leader, dealing a blow to investigators who have been accelerating the probe into an influence-pe...

Updated : 2017.01.19 08:54

Trump factor pushes Korean manufacturers to contemplate factories in US

With the upcoming inauguration of the Donald Trump administration Friday, there are signs among South Korea’s leading manufacturers that they might speed up plans to establish new production faciliti...

Updated : 2017.01.18 18:51

HHI and SHI win patent lawsuit against DSME

Hyundai Heavy Industries and Samsung Heavy Industries have won a lawsuit filed against their competitor Daewoo Shipbuilding & Marine Engineering, overturning the first ruling, according to industry so...

Updated : 2017.01.18 18:33

Korea Inc. fears spillover from Samsung heir’s fate

A court review of a request by the special counsel to arrest Lee Jae-yong, the de facto leader of Samsung Group, spread fear through the business community here on Wednesday that the unprecedented cas...

Updated : 2017.01.18 17:27

Former Daewoo Shipbuilding chief gets 10-year jail sentence for accounting fraud

A lower court court on Wednesday meted out a 10-year prison sentence to a former head of Daewoo Shipbuilding & Marine Engineering Co. who is at the center of a massive accounting fraud case.The Seoul ...

Updated : 2017.01.18 16:37

Samsung Heavy bags $230m deal for regasification unit

Samsung Heavy Industries Co., a major shipyard here, said Wednesday that it has clinched a $230 million deal to build a floating storage and regasification  ship.Under the deal with Norway-based Hoeg...

Updated : 2017.01.18 16:11

Hyundai, Kia log record sales in Europe in 2016

Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. -- South Korea's two largest automakers -- logged the largest annual sales ever in Europe last year with their combined market share surpas...

Updated : 2017.01.18 16:07