Japan's Orix picked as preferred bidder for Hyundai Group's brokerage arm

The Korea Herald > Business > Industry

S. Korea's industrial output advances in Dec.

South Korea's industrial output advanced in December from a month earlier, helped by demand for automobiles and semiconductors, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries moved up 3 ...

Updated : 2015.01.30 10:46

KT suffers widened loss in 2014 on increased costs

South Korea's No. 2 telecom giant KT Corp. said Friday its loss widened last year from a year earlier due mainly to its one-off cost in compensating voluntary retirees.Net loss reached 966 billion won (US$883 million) last year, sharply increasing from the loss of 60.2 billion won a year e...

Updated : 2015.01.30 09:26

Hyundai to enter duty-free bidding

Hyundai Department Store announced Thursday that it would join the bid for a license to open a city duty-free store in Seoul, adding fuel to the fierce competition in the 3.2 trillion won ($2.9 billio...

Updated : 2015.01.29 22:03

Ssangyong E&C prepares to flex muscles with Dubai fund

Ending years of efforts to find a new owner, Ssangyong Engineering & Construction signed an investment contract with the Investment Corporation of Dubai on Thursday. “The company’s credibility is ex...

Updated : 2015.01.29 22:02

SK Telecom’s Q4 net soars 71.4%

SK Telecom Co., the country’s top mobile operator, said Thursday its fourth-quarter net profit advanced 71.4 percent.Net profit came to 503.3 billion won ($465 million) in the October-December period, compared with 293.6 billion won tallied a year earlier, SK Telecom said in a regulatory ...

Updated : 2015.01.29 22:00

Samsung C&T 2014 net rises 7.2 %

Samsung C&T Corp., a construction and trading unit of Samsung Group, said Thursday its net profit grew 7.2 percent on-year in 2014 thanks to large overseas construction projects.Net profit came to 285.52 billion won ($261.01 million) last year, compared with the previous year’s 266.37 bil...

Updated : 2015.01.29 22:00

Naver reports weak Q4 earnings, stock tumbles

Naver Corp., South Korea’s top Internet portal operator, on Thursday released weaker than expected fourth-quarter earnings, sending its stock price to a one-week low.Net income came to 134.5 billion won ($124.2 million) in the October-December period, more than doubling from 54.1 billion ...

Updated : 2015.01.29 22:00

Hotel Shilla’s profit soars, buoyed by duty-free shop sales

A Shilla Duty Free Shop in SeoulHotel Shilla on Thursday posted a record-breaking 2.9 trillion won ($2.7 billion) in sales in 2014, with an operating profit of 138.9 billion won.The figures were up 26...

Updated : 2015.01.29 22:00

Hyundai Steel 2014 earnings up 10.1%

Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Thursday its net profit went up 10.1 percent from a year earlier, aided by increased production capacity and efforts to cut costs. Net profit came to 751.1 billion won ($687.32 million) last year, compared with the 682 billion won re...

Updated : 2015.01.29 22:00

POSCO aims to increase sale of premium goods to 40 percent

POSCO, South Korea’s largest steelmaker, has vowed to increase the sales of its premium products to 40 percent by next year from the current 30 percent, the company said Thursday.POSCO has aggressive...

Updated : 2015.01.29 21:37

Samsung, Apple seen tying in Q4 smartphone sales

Samsung Electronics Co. and U.S.-based Apple Inc. sold the same number of smartphones in the fourth quarter of 2014, data from a market tracker showed Thursday, suggesting that the world's biggest maker of handsets may have been outperformed by its archrival for the first time in more than...

Updated : 2015.01.29 14:04

S. Korea's online shopping sales surge 20.1 pct on-year in Q4

South Korea's online shopping sales surged 20.1 percent on-year during the fourth quarter of 2014 with stellar growth in purchases through mobile gadgets, a government report showed Thursday.Total transactions during the three month period reached 12.74 trillion won (US$11.73 billion), up ...

Updated : 2015.01.29 12:57

Hyundai Motor, Kia Motors see marketing spending ratio drop over

South Korea's two largest automakers - Hyundai Motor Co. and Kia Motors Corp. -- saw the ratio of their marketing spending to sales decline in recent years as they depended less on big price cuts to lure customers, industry data showed Thursday.According to the data, the two firms' ratio o...

Updated : 2015.01.29 10:00

LG buoyed by affiliates’ strong performance

LG Group, the nation’s fourth-largest business conglomerate by assets, is cutting a fine figure in business circles as its major affiliates reaped huge profits despite the protracted global economic ...

Updated : 2015.01.28 22:30

JTI Korea names new chief

Steve R. DyerJapan Tobacco International named Steve R. Dyer as the new general manager of its Korean operation, JTI Korea said Wednesday. The South African-born executive will take over the helm on F...

Updated : 2015.01.28 22:25