N. Korea has already taken steps toward fielding KN-08 ICBM: U.S. intellige...

The Korea Herald > Business > Industry

KITA calls for better business environment

Kim In-ho, the newly appointed CEO of the Korea International Trade Association, on Thursday asked for more government support for improving the local business environment. “These days, businessmen i...

Updated : 2015.02.26 21:06

Kumho heir named CEO of Asiana Abacus

Kumho Tire vice president Park Se-chang was named CEO of Asiana Abacus, a travel solutions and services provider, Kumho Asiana Group said Thursday. The 39-year-old executive, a son of Kumho Asiana Gro...

Updated : 2015.02.26 21:06

Hyundai Group chief included on ‘Asia Power Businesswomen’ list

Hyundai Group said that chairwoman Hyun Jeong-eun had made it onto the list of 50 “Asia Power Businesswomen” published by Forbes Asia on Thursday.Forbes wrote that “Hyun made a comeback in 2014, ra...

Updated : 2015.02.26 21:05

[Herald Interview] ‘Restaurant curation’ booms in Korea

So-called curated dining businesses, collections of famous restaurants under one roof, are catching on in Korea. According to the founders of Over the Dish, a Seoul-based restaurant curator, success i...

Updated : 2015.02.26 20:30

POSCO E&C set to face probe on slush fund charges

POSCO Engineering & Construction, the construction unit of South Korea's top steelmaker, POSCO, may face an investigation over slush funds created by its executives involved in projects in Vietnam, industry sources said Thursday.The South Korean builder confirmed news reports that some of ...

Updated : 2015.02.26 20:24

Samsung starts mass production of high-end flash memory for smartphones

South Korea's tech giant Samsung Electronics Co. said Thursday it has started mass production of an upgraded flash memory chip for smartphones with a high speed and a high capacity, which will help mobile devices run more stable.  Samsung claimed that the 128GB Universal Flash Storage fo...

Updated : 2015.02.26 09:36

Corporate earnings outlook still murky but major players to see improvement

The first-quarter earnings outlook for South Korea's listed firms remains cloudy due to economic uncertainties, such as a weaker Japanese yen, but major players are expected to see improvement in their bottom lines on their market dominance, data showed Thursday.  The combined operating ...

Updated : 2015.02.26 09:35

Hyundai E&C bags $212 mln construction deal in Singapore

South Korea's No. 2 builder Hyundai Engineering & Construction Co. said Thursday it has clinched a $211.46 million project to construct a commercial building in Singapore.   Under the deal with real estate developer Frasers Centrepoint, the South Korean company will build the Frasers Tow...

Updated : 2015.02.26 09:32

Lotte, Shilla vie for Jeju downtown duty-free shops

South Korean duty-free retailers Hotel Lotte and Hotel Shilla are competing again to open more stores, this time on the country's southern island of Jeju, which has become a business hotspot teeming with Chinese tourists who have proven to be zealous shoppers.  The two duty-free giants, ...

Updated : 2015.02.26 09:31

[Graphic News] Korean home electricity use below OECD average

South Koreans use significantly less electricity at home than people in other OECD countries.According to the Korea Energy Economics Institute, South Koreans used 1,278 kWh of electricity on average i...

Updated : 2015.02.25 19:23

Lotte Group hopes to buy Italian airport retailer

Lotte Group hopes to acquire Italian airport retailer World Duty Free to grow into the world’s No. 2 duty-free shop operator, group officials said Wednesday. According to news reports, the nation’s ...

Updated : 2015.02.25 19:10

PEFs, Shinsegae, Hoban join competition to buy Kumho Industrial

The heated race to take a 57.48 percent stake in Kumho Industrial, the de facto holding company of Kumho Asiana Group, started Wednesday among private equity funds, Shinsegae Group, and a domestic bu...

Updated : 2015.02.25 19:08

Hyundai E&C to join forces with GE for energy, infrastructure biz

Hyundai Engineering & Construction Co., South Korea's No. 2 builder, said Wednesday it has signed a preliminary deal with U.S. conglomerate General Electric Co. to enhance cooperation in the global energy and infrastructure businesses.   Under the deal, the two companies will join hands ...

Updated : 2015.02.25 18:26

Open bid for control of S. Korea's No. 2 air carrier draws local builder, PEFs

A handful of private equity firms and a local builder proposed Wednesday to buy the controlling stake in formerly debt-ridden South Korean builder Kumho Industrial Co., whose sales package includes major shares in the country's No. 2 air carrier.   At least four investment firms have sub...

Updated : 2015.02.25 16:22

Gov't to support timely development of U.S. military base, Hyundai

The government will support the timely development of land in Seoul returned from the U.S. military and property purchased by Hyundai Motor Group to fuel investment, South Korea's top economic policymaker said Wednesday.  In a meeting of economy-related ministers in Seoul, Choi Kyung-hwa...

Updated : 2015.02.25 13:34