Hyosung suspends world’s 1st polyketone plant

The Korea Herald > Business > Industry

Exports to Vietnam on steady rise, jumping over 10% in 2016

South Korea's exports to Vietnam have spiked over 10 percent so far this year, making it the world's third-largest importer of South Korean goods, data showed Thursday.In the January-July period, shipments to Vietnam jumped 10.1 percent on-year to $18.02 billion, according to the data from...

Updated : 2016.08.25 11:21

Unionized workers of Hyundai Motor set to vote on wage hike deal

Tens of thousands of unionized workers at South Korea's top automaker Hyundai Motor Co. will decide this week whether to accept a tentative agreement on their wage increase in a vote, union leaders said Thursday, which may decide the fate of the company as well.The vote will be held Friday...

Updated : 2016.08.25 10:23

Tiremakers stingy with price cuts despite plunging costs

South Korea's three tiremakers have been reluctant to conduct big price cuts despite a recent tumble in the cost of rubber and other raw materials, data showed Thursday.The tire companies -- industry leader Hankook Tire Co., No. 2 Kumho Tire Co. and Nexen Tire Corp. -- reduced their tire p...

Updated : 2016.08.25 10:17

Government postpones decision on Google’s map info export request

The government has postponed its decision on Google’s request to export map information from Korea to allow further review of the issues, the Transport Ministry announced Wednesday following a meetin...

Updated : 2016.08.24 18:54

[Graphic News] KEPCO suffers deficit from investment business

Korea Electronic Power Corp. has suffered a deficit in its investment business while it has drawn massive business from the power rate hike and the increase in the demand for power, data showed Wednes...

Updated : 2016.08.24 18:19

POSCO chief urges local players to boost competitiveness

The chief of POSCO, South Korea's No. 1 steelmaker, said Wednesday that the local steel sector is facing trade tussles and weak demand, urging each steelmaker to step up their efforts to overcome such...

Updated : 2016.08.24 16:53

[Newsmaker] PR legend questioned on lobbying

Working in public relations in South Korea has often been favored by college graduates, particularly among women concerned about the male-centered hierarchy of the corporate world.In such positions, E...

Updated : 2016.08.24 16:30

[Photo News] Honorary award for Merck

Michael Grund (right), managing director of Merck Korea, poses with professor Choi Jong-seon, president of the Korean Information Display Society, after receiving an honorary award on behalf of Merck ...

Updated : 2016.08.24 16:24

Hanwha E&C signs MOU with Suwon for development project

Hanwha Engineering and Construction has signed an memorandum of understanding with Suwon City to build and develop auxiliary and support facilities for a new multi-purpose convention center to be buil...

Updated : 2016.08.24 16:19

Samsung Display forms alliance with Chinese makers for curved display market

Samsung Display Co., Samsung Electronics’ display business affiliate, joined hands with dozens of Chinese television and monitor makers to develop the fledgling curved display market, the company sai...

Updated : 2016.08.24 16:18

Hanjin Shipping struggles to right itself

Financially troubled Hanjin Shipping is struggling to come up with a self-rescue plan that meets the expectations of its creditors, amid growing concerns over a possible court receivership. Korea’s l...

Updated : 2016.08.24 16:17

GS Caltex banks on human capital

The most important source of competitiveness of GS Caltex is human resources, Huh Jin-soo, CEO of the South Korean oil refiner, emphasized on many occasions. In an effort to attract talent with work a...

Updated : 2016.08.24 16:10

Fisheries output drops 0.6% in H1

South Korea's fisheries output decreased 0.6 percent in the first six months of the year from a year earlier due mainly to sluggish deep-water and coastal catches, government data showed Wednesday.Fis...

Updated : 2016.08.24 13:15

FTC to seek legal punishment against Lotte founder

South Korea's antitrust watchdog is expected to file a petition against Lotte Group founder Shin Kyuk-ho with prosecutors for the false reporting of its overseas affiliates' shareholding, informed sou...

Updated : 2016.08.24 11:47

State power firms log stellar profitability in H1

South Korea's seven state power firms posted better first-half profitability than such key manufacturers as Samsung Electronics Co. and Hyundai Motor Co. as they kept rates flat despite falling production costs, data showed Wednesday.According to the data compiled by market researcher CEO ...

Updated : 2016.08.24 11:43