Protesters hold massive anti-gov't rally

The Korea Herald > Business > Industry

Lotte chairman fends off elder brother's challenge for third time

The chief of South Korean business group Lotte won support of Japanese shareholders of Lotte Holdings, the group's de-facto holding company, in a vote on Saturday, cementing his grip on the retail giant currently embroiled in the slush fund scandal in South Korea.The shareholders' meeting ...

Updated : 2016.06.25 10:56

Brexit to burden Samsung, LG's electronics biz

[THE INVESTOR] UK’s departure from the European Union is likely to further burden Korean electronics and home appliances makers.Europe’s slowdown has been dragging down Samsung Electronics and LG El...

Updated : 2016.06.24 17:29

Gyeonggi seeks additional duty-free licenses

Gyeonggi Province has proposed giving licenses to duty-free outlets in large exhibition facilities and changing the standard for additional licenses, according to the provincial government Thursday.On...

Updated : 2016.06.24 16:15

Hanjin Shipping sells W60b of operating rights to secure liquidity

[THE INVESTOR] Hanjin Shipping sold 60 billion won ($51 million) worth of operating rights on Southeast Asian routes to its affiliate in order to secure liquidity, local news reported Friday. Citing a...

Updated : 2016.06.24 15:32

Shareholders OK Ildong’s revamp plan

[THE INVESTOR] Shareholders of Ildong Pharmaceutical agreed on June 24 to transform the firm into a holding company with four entities under its wing.In its second attempt to become a holding firm, th...

Updated : 2016.06.24 15:25

CJ E&M successfully taps into global showbiz

[THE INVESTOR] Korea’s leading media giant CJ E&M has been persistently pushing to tap into the global show business to develop a new business model.And “Kinky Boots,” a Broadway musical, is one of...

Updated : 2016.06.24 15:22

Prosecutors indict former Nature Republic head

Prosecutors on Friday indicted Jung Woon-ho, former head of local cosmetics brand Nature Republic, on charges of dereliction of duty and embezzlement, as they accelerated their probe into a high-profi...

Updated : 2016.06.24 14:44

Hanjin Shipping sells W60b on operating rights to secure liquidity

[THE INVESTOR] Hanjin Shipping sold 60 billion won (US$51 million) worth of operating rights on Southeast Asian routes to its affiliate in order to secure liquidity, local news reported on June 24. Ci...

Updated : 2016.06.24 14:02

Air Busan opens Busan-Ulaanbaatar route

[THE INVESTOR] Air Busan began flying the Busan-Ulaanbaatar route on June 24, becoming the first Korean carrier to operate the route between the two cities. For Air Busan, this is the 17th internation...

Updated : 2016.06.24 11:54

S. Korea's trade promotion agency sets up trade center in Ivory Coast

Korea's trade promotion agency said Friday that it has opened a trade center in Ivory Coast in the latest efforts to make inroads into the West Africa market.The Korea Trade-Investment Promotion Agenc...

Updated : 2016.06.24 11:35

Major builders likely to gain ground in Q2 earnings

Six major Korean construction firms are likely to see their earnings improve in the second quarter of 2016 from a year ago amid a housing boom, a report showed Friday.The builders are expected to post...

Updated : 2016.06.24 11:30

Seoul approves 2 new nuclear reactors

[THE INVESTOR] The Nuclear Security and Safety Commission on June 23 approved the construction of two nuclear reactors in Ulsan.The plans for the two reactors -- Shin-Kori 5 and 6 -- were submitted by...

Updated : 2016.06.24 10:49

Widening PX spreads bode well for refiners, petrochemicals firms

Widening paraxylene spreads stemming from firm demand and reduced supply are forecast to help Korean oil refineries and petrochemicals firms rack up decent earnings this year following last year's ste...

Updated : 2016.06.24 10:17

Gloomy outlook for Hanjin Shipping

[THE INVESTOR] On news that ailing Hyundai Merchant Marine is likely to join the prestigious vessel-sharing 2M Alliance, all the attention is now focused on its bigger local rival Hanjin Shipping, to ...

Updated : 2016.06.24 10:03

Hyundai Rotem banned from making new bids

[THE INVESTOR] South Korea’s leading train manufacturer Hyundai Rotem was banned from making new bids for government-run projects for 10 months after it was sanctioned by Daegu Metropolitan Transit C...

Updated : 2016.06.23 20:01