Seoul to celebrate homegrown design

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[SUPER RICH] Kohler eyes affluent Koreans

BUSAN ― Kohler, a U.S. supplier of high-end plumbing products, is hoping to see a 300 percent sales growth in the South Korean market next year, said Kohler Novita executive Choi Jae-kwan. “Designer...

Updated : 2014.11.24 21:23

S-Oil grants awards to five Korean scientists

The S-Oil Science Prodigy and Culture Foundation, a nonprofit foundation established by S-Oil, conferred Monday “Dissertation of the Year Awards” to five Korean scientists to support their academic ...

Updated : 2014.11.24 21:13

Inconsistent energy policies give out mixed signals

As a country lacking in natural resources, energy security has been always one of the top agendas of every government in Korea. The problem is the lack of consistency in the nation’s energy policy th...

Updated : 2014.11.24 21:12

Hyosung to create carbon fiber R&D cluster

Hyosung Group said Monday that it would create a research and development cluster for carbon fiber, a highstrength, low-weight material, in partnership with North Jeolla Province.Through the new R&D c...

Updated : 2014.11.24 21:12

LS Group redoubles R&D efforts

LS Group chairman Christopher Koo (right) talks with the group’s CEO Lee Kwang-woo (center) and a participant of LS Partnership Day which was held in April at Silicon Valley in the U.S. (LS Group)LS ...

Updated : 2014.11.24 21:10

Fair Trade Commission to provide price information on IKEA

Korea’s corporate watchdog said Monday that it will provide detailed price information by February for IKEA products whose local prices became controversial for being more expensive than in other countries. “We plan to commission a consumer group to review prices (of IKEA products) for c...

Updated : 2014.11.24 21:09

Half of top 100 companies report lower profit this year

Over half of the top 100 South Korean companies saw their operating profit fall in the first nine months of this year as major exporters grappled with global economic slowdown and tougher competition in major markets, data showed Monday. The combined revenue of 100 companies listed on the ...

Updated : 2014.11.24 21:09

Samsung C&T wins $459.9m Malay LNG terminal order

Samsung C&T Corp., South Korea’s largest builder and trading company, said Monday that it has won a $459.9 million contract to build a liquefied natural gas terminal in Malaysia.The deal signed with Malaysia’s Petronas Gas Berhad calls for the company to take charge of the design as well...

Updated : 2014.11.24 21:01

S. Korea to launch pilot shipment via N. Korea-Russia route this week

A ship carrying Russian coal will depart from the North Korean port of Rajin toward South Korea this week in a pilot shipment aimed at gauging the feasibility of a South Korean consortium's push for a logistics project linking the two Koreas with Russia, a government official said Monday. ...

Updated : 2014.11.24 16:00

Daewoo Shipbuilding wins order for Malaysian navy vessels

South Korea's Daewoo Shipbuilding & Marine Engineering Co. said Monday that it has obtained an order from the Royal Malaysian Navy to build six corvettes for deployment starting in 2018. The shipbuilder said the deal is subject to final approval by the Malaysian government. It did not dis...

Updated : 2014.11.24 15:52

Fair Trade Commission to provide price information on IKEA

South Korea's corporate watchdog said Monday that it will provide detailed price information by February for IKEA products whose local prices became controversial for being more expensive than in other countries.    "We plan to commission a consumer group to review prices (of IKEA prod...

Updated : 2014.11.24 13:54

One-third of fisheries imports coming from China

One-third of South Korea’s fisheries imports up to September this year were from China, a study said Sunday, adding the figure is expected to further increase when a bilateral trade deal takes effect.The tally by the Korea Maritime Institute showed Korea imported some 959,000 tons of fish...

Updated : 2014.11.23 21:13

Samsung loses market share in mobile phones, TVs

Samsung Electronics’ global presence in mobile phones and high-end TVs declined in the third quarter while its market share in DRAMs and displays rose, industry data showed Sunday.Analysis of quarterly reports released by the tech company showed Samsung’s market share in the IT mobile se...

Updated : 2014.11.23 21:13

[Herald Interview] Finnair to halve carbon emissions by 2050

Finnair, the flagship carrier of Finland, on Thursday said it will go carbon neutral by 2020 and halve its carbon emissions by 2050.In an aggressive attempt to make its operations greener, the company...

Updated : 2014.11.23 21:12

S. Korean car market to grow 2% in 2015

South Korea’s automobile market will grow 2 percent on-year to record-high sales of 1.65 million units in 2015, a report by the Korea Automotive Research Institute showed Sunday.The research arm of Hyundai Motor Group said next year’s car sales will surpass the 1.64 million cars sold in ...

Updated : 2014.11.23 21:12