KARA’s Park Gyu-ri’s lingerie look

The Korea Herald > Business > Industry

[SUPER RICH] Buying and selling Korea

The wealth of the superrich can at times appear mindboggling to ordinary people. For this edition, The Korea Herald Special Investigative Team translated the wealth of the nation’s superrich into wha...

Updated : 2014.07.28 21:00

[SUPER RICH] Samsung heirs flaunt the Galaxy fashion

Executives of global tech giants are rapidly abandoning their strict dress code for more casual, trendier apparel as a means of conveying a more modern and creative message to the public.One such man ...

Updated : 2014.07.28 20:56

Starbucks to diversify, go upscale

Starbucks Korea on Monday announced that it will diversify its business portfolio, and that this will include becoming more luxurious and exclusive.Toward this end, the U.S.-based company that is argu...

Updated : 2014.07.28 20:53

Amway Korea steps up social contributions

Amway Korea, the Korean unit of the U.S.-based direct-sales giant, is ramping up efforts to give back to society with its social responsibility campaign Hope Vitamin, in celebration of its 11th annive...

Updated : 2014.07.28 20:52

KOGAS chief hosts communication session with employees

Korea Gas Corp. CEO Jang Seok-hyoKorea Gas Corp. CEO Jang Seok-hyo hosted a communication session with employees on Monday to explain the pending management issues, the company said on Monday. The mov...

Updated : 2014.07.28 20:51

Hyundai Mobis to build car lamp plant in Czech Republic

Hyundai Mobis, South Korea’s largest auto parts maker, said on Sunday that it would invest 95 million euros ($127 million) to build a car lamp factory in the Czech Republic.The factory near Ostrava will have an annual capacity to produce head and rear lamps for 750,000 vehicles of its par...

Updated : 2014.07.27 19:42

Hanjin boss named PyeongChang Olympics organizing chief

Cho Yang-hoHanjin Group chairman Cho Yang-ho was named the chief organizer of the PyeongChang 2018 Olympic Winter Games, the group said Saturday.Cho, who previously led the PyeongChang Olympic bidding...

Updated : 2014.07.27 19:42

Hyundai Motor, Kia hit hard by unfavorable exchange rate in H1

South Korea’s two largest carmakers have fallen victim to unfavorable foreign exchange rates that caused an across-the-board drop in earnings in the first half of 2014 despite better sales than last year, industry data showed Sunday.Combined global sales of cars by Hyundai Motor and Kia M...

Updated : 2014.07.27 19:39

Asiana Airlines continues upscale push with A380

The Asiana 380 special editionAsiana Airlines on Friday held a launch event for its second A380 jumbo jet at Incheon International Airport, following the acquisition of its first in May. “With the ta...

Updated : 2014.07.25 21:45

Kakao to launch mobile news service

Kakao Corp., the operator of Korea’s most-used mobile messenger Kakao Talk, is scheduled to launch a news content service later this year.“We plan to start offering news content that collects and shows information from news, blogs and social networking services. For this, the company is ...

Updated : 2014.07.25 21:39

Daewoo E&C’s earnings jump on housing orders

Daewoo Engineering & Construction, a leading South Korean builder, achieved a better-than-expected 95.7 billion won ($92.9 million) in net earnings in the first half of this year, an 18 percent increase from the same period a year ago, the company said on Friday. Daewoo logged 222.5 billio...

Updated : 2014.07.25 21:39

Hyundai E&C’s net earnings surge 20.8% in Q2

Hyundai Engineering and Construction, the nation’s top builder, said Friday its net earnings for the second quarter surged 20.8 percent on-year to 156.9 billion won ($152.1 million), helped by the start of large-scale overseas projects.Operating profit soared 39.3 percent to 279.6 billion...

Updated : 2014.07.25 21:38

Kia Motors’ net profit plunges 13.3% in Q2

Kia Motors Corp., South Korea’s No. 2 automaker, said Friday its net income for the second quarter plunged 13.3 percent on-year to 1.02 trillion won ($988 million), due to unfavorable exchange rates that offset gains in the total number of cars it sold. Operating profit also nosedived 31....

Updated : 2014.07.25 21:37

SK Innovation Q2 net income falls to red

SK Innovation, the holding company of SK Group’s energy units, including SK Energy, said Friday its net income swung to the red from a year earlier due to a weak refining margin and foreign exchange losses.Net loss reached 23 billion won ($22.33 million) in the April-June period compared ...

Updated : 2014.07.25 21:37

Businesses object to cash reserve tax

A local corporate lobby on Thursday expressed deep concerns about a controversial plan unveiled by new Finance Minister Choi Kyung-hwan to tax companies’ cash reserves as part of a bigger blueprint to help revive the economy. “The corporate sector agrees with the government’s new polici...

Updated : 2014.07.24 21:10