Han Groo’s summer jacket fashion gets spotlight

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Korea's Paris Baguette opens 1st store in Paris

South Korea's bakery giant Paris Baguette said Wednesday it has opened a flagship store in central Paris as part of its global expansion drive.The 200-square-meter store with 46 seats is located in th...

Updated : 2014.07.23 10:33

[Graphic News] Korea’s venture firms with sales above $100m on the rise

South Korea’s venture firms appeared to be increasingly emerging as the new growth engine of the economy, according to figures from the Small and Medium Business Administration released Monday. Of th...

Updated : 2014.07.22 21:26

Flight attendants of Asiana back to work

Some of the Asiana Airlines flight attendants hailed as heroes for helping passengers to safety after the crash-landing of Flight 214 at San Francisco International Airport a year ago have returned to work.According to airline and industry sources on Tuesday, four of the 12 crew members on...

Updated : 2014.07.22 21:06

Hyundai E&C wins $775m land reclamation project in Singapore

Hyundai Engineering and Construction, the country’s No. 1 builder, said Tuesday that it has won a $775 million land reclamation project in Singapore.The Tuas Finger One project will proceed in cooperation with Samsung C&T Corp. and Japan’s Penta Ocean. Hyundai E&C holds a 29 percent stak...

Updated : 2014.07.22 21:05

Rice cooker maker to go public next month

Cuckoo Electronics, South Korea’s No. 1 manufacturer of rice cookers, said Tuesday it will file for an initial public offering on the nation’s main bourse next month based on burgeoning demand overseas, especially in China. The company plans to issue 2.4 million shares next week to raise...

Updated : 2014.07.22 21:05

[Herald Interview] ‘Free trade pact with China could be boon for food exports’

South Korea and China are now in the final steps of signing a bilateral free trade agreement in a move triggering concerns among local farmers of the possible havoc that low-cost, mass-produced Chines...

Updated : 2014.07.22 21:04

Foreign handset makers eye Korea

Foreign smartphone makers are eyeing the domestic market, which has so far been nearly impenetrable due to strong local brands. Experts say that although the foreign brands may not perform impressively in the short term, they may gain more popularity down the road as more users become attr...

Updated : 2014.07.21 20:15

Doosan acquires U.S. fuel cell maker

South Korea’s Doosan Co. acquired U.S.-based fuel cell maker ClearEdge Power Inc. for $32.4 million in a bid to expand into the renewable energy market, the company said Monday. The holding company of Doosan Group said in a regulatory filing that the move to acquire ClearEdge was aimed at...

Updated : 2014.07.21 20:15

Top 10 conglomerates’ activity ratios slide

South Korea’s top 10 conglomerates are making less use of their assets to fuel business activities, affecting their vitality, which has weakened over the years, a report by a local corporate research firm said Monday.According to corporate watcher Chaebul.com., the leading business groups...

Updated : 2014.07.21 20:15

Over 450 venture firms report sales surpassing 100b won

A growing number of venture firms increased their annual revenue last year by expanding their businesses overseas, emerging as the new growth engine of the South Korean economy, a report showed Monday.Among 69,801 venture firms in South Korea, 454 reported over 100 billion won ($97.6 milli...

Updated : 2014.07.21 20:15

Firms expect tough wage talks in 2014: poll

South Korea’s big businesses expect tough talks with their unions over major thorny issues such as the scope of ordinary pay in the annual wage negotiations this year, a poll conducted by a corporate lobby said Monday ahead of the annual labor talks season.According to the survey carried ...

Updated : 2014.07.21 20:15

Hi Design Festival ends on high note

Hundreds of families, students and visitors participated in a design festival aimed at promoting local products and introducing stylish and yet practical design ideas.The Hi Design Festival was held a...

Updated : 2014.07.20 21:21

Foreign companies eye local mobile game market

Foreign game companies are eyeing South Korea’s 1.3 trillion won ($1.2 billion) mobile game market, which is the second largest globally, behind only Japan. The London-based King Digital Entertainmen...

Updated : 2014.07.20 21:19

Kia recalls nearly 52,000 Souls to fix steering

DETROIT (AP) -- Kia is recalling nearly 52,000 Soul small SUVs to fix a problem that can cause steering failure.The recall covers vehicles from the 2014 model year built from July 21, 2013, through Jan. 17, 2014.The Korean automaker says a plug that secures a pinion gear to the steering as...

Updated : 2014.07.19 11:26

More Korean firms engaged in social responsibility in China

Up to two-fifths of the South Korean companies doing business in China were found to be engaging in socially responsible projects such as building schools and offering health care services for underprivileged people, according to a survey on Friday. In the survey taken on a total of 127 So...

Updated : 2014.07.18 20:49