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Land value of top 10 biz groups hits record high

The value of land possessed by South Korea's top 10 business groups reached an all-time high of 63.29 trillion won ($57.18 billion) at the end of 2014, up 4 percent from a year ago, a market researcher said Monday. The value of land owned by 95 listed companies under the nation's 10 larges...

Updated : 2015.03.30 09:09

Manufacturers' sentiment dips for April

South Korean manufacturers turned more downbeat about their business conditions in April due to persistent concerns over sluggish domestic demand, a poll showed Monday. The business sentiment index, which measures the outlook of manufacturers on their business conditions for the coming mon...

Updated : 2015.03.30 09:08

Hanwha Life’s youth volunteer program to mark 10 years

Hanwha Life will celebrate the 10th anniversary of its youth volunteer program “Happy Friends” in April, according to the insurance company.Happy Friends is a joint initiative run by Hanwha Life Ins...

Updated : 2015.03.29 21:49

Friends of K-culture

Foreign residents exchange views on Korean culture after watching “Ode to my Father” at a CGV movie theater in Yongsan, Seoul, Friday. The event is part of the cultural experience program for foreig...

Updated : 2015.03.29 21:45

Asiana in Pilien

Asiana in Pilien  Asiana Airlines employees smile with local Aeta children at Pilien Village in the Philippines. Employees from the airline visited the village over the weekend to do volunteer work a...

Updated : 2015.03.29 21:44

LG Hausys bets on energy-efficient insulation panels

CHUNGJU, North Chungcheong Province ― Korean surfacing material manufacturer LG Hausys seeks to capitalize on the revival of the property market by expanding its sales of high-efficient phenolic foam...

Updated : 2015.03.29 18:27

Korean Air’s new plane boasts luxury suites

Korean Air Lines’ newest aircraft will offer passengers a luxury in-flight experience on medium-to-long distance flights beginning April 2, according to the flagship carrier.The new plane is an Airbu...

Updated : 2015.03.29 18:26

Slush fund scandal may delay Dongkuk Steel’s Brazil project

The latest prosecution’s raid on Dongkuk Steel Mill and its investigation into the group owner are casting a cloud on the future of the nation’s faltering third-largest steelmaker, which had hoped f...

Updated : 2015.03.29 18:24

Lotte, Shinsegae compete for rich Chinese

South Korea’s two retail giants Lotte and Shinsegae are duking it out to attract the growing number of rich Chinese shoppers visiting the country. Lotte Department Store is reportedly reviewing plans...

Updated : 2015.03.27 19:35

Can rich builder take over Asiana?

Hoban Construction, a mid-tier local builder, showed much confidence in winning a controlling stake in Kumho Industrial, saying the company has enough cash to satisfy creditors. Kim Sang-yeol, founder...

Updated : 2015.03.26 20:25

CJ Group sets breeding company

Food-and-culture enterprise CJ Group on Thursday established CJ Breeding, a seed company, in order to improve domestic farm products. The company will focus on the research and development of the seeds of rice, beans, mung beans, red pepper, Chinese cabbage, sesame, seaweeds and others, an...

Updated : 2015.03.26 20:23

Busan Bank innovating for financial tech era

Busan Bank will focus on expanding non-face-to-face transaction channels and smart finance strategies, bank officials said Thursday.The bank said the efforts were part of a bid to gain competitiveness...

Updated : 2015.03.26 20:23

SK Networks to sell American Eagle, Canali

SK Networks, the trading arm of SK Group, said it would introduce American Eagle, a U.S. casual apparel brand, and Canali, an Italian luxury menswear brand, to the local market in June and August, res...

Updated : 2015.03.26 20:20

[Graphic News] Conglomerates acquire 203 firms in 5 years

Korea’s 30 largest conglomerates acquired 203 companies at a total price surpassing 29 trillion won ($26.3 billion) in the past five years, according to data compiled on mergers and acquisitions rele...

Updated : 2015.03.25 19:18

Korean Air announces codeshare with Jin Air

Korean Air, South Korea’s largest airline, said Wednesday that it would strengthen cooperation with its budget unit Jin Air by adding six codesharing routes to Japan and other Southeast Asian countri...

Updated : 2015.03.25 19:11