Foreigners continue selling Korean stocks in Aug.

The Korea Herald > Business > Industry

Lotte chairman buys 1.3 pct stake in confectionery unit

Lotte Group Chairman Shin Dong-bin bought a 1.3 percent stake in Lotte Confectionery Co. from a construction unit after the market closing on Friday in a bid to help resolve the group's complex cross-shareholding structure, the retail giant said. Shin bought 19,000 shares from Lotte Constr...

Updated : 2015.08.28 21:03

Hyundai Motor to hire 36,000 in 3 years

Hyundai Motor Group on Thursday announced that it will hire about 36,000 young people over the next three years and support an additional 12,000 people’s start-ups. The plans come after the company proclaimed a three-year 81 trillion won ($68.9 billion) investment plan early this year alo...

Updated : 2015.08.28 19:13

Lotte seeks shopping malls in India

Lotte Group chairman Shin Dong-bin (second from left) poses with Indian Prime Minister Narendra Modi (center) in New Delhi on Thursday. Lotte GroupLotte Group chairman Shin Dong-bin on Thursday reques...

Updated : 2015.08.28 19:08

Hana Financial sees results in creative economy boost

Hana Financial Group is stepping up its efforts to help vitalize the nation’s creative economy.Group chairman Kim Jung-tai visited the Daejeon Creative Economy Innovation Center on Thursday and expre...

Updated : 2015.08.28 18:03

LIG Nex1 rallies global investors for IPO

LIG Nex1, preparing to go public in September, is going on an overseas road show to bring in global investors, company officials said.According to investment bank insiders, LIG Nex1 executives, includ...

Updated : 2015.08.28 18:00

Hyundai, Kia suffer setback from Chinese rivals

Hyundai Motor Co., South Korea's top automaker, and its sister firm Kia Motors Corp. lagged far behind Chinese rivals in the world's No. 1 auto market during the first seven months of the year, industry data showed Friday.Hyundai Motor sold 564,389 units in the Chinese auto market in the J...

Updated : 2015.08.28 09:17

Cafe24, Rakuten to work together to help Korean vendors enter Japan

Takahashi Masato (left), managing executive officer at Rakuten Ichiba, and SimpleX CEO Lee Jae-suk speak at a press conference on Wednesday in Yeouido, Seoul. Cafe24Online merchants in Korea will be a...

Updated : 2015.08.27 20:28

Young talents compete for Hanwha Science Challenge

By Park Han-na Some 30 teams of Korean students vied for the top spot in a science competition hosted by Hanwha Group on Thursday. The “Hanwha Science Challenge” contest, which aims to help youngsters develop a wider understanding of energy, bio, climate change and water, was held at the...

Updated : 2015.08.27 18:22

Incheon Airport exports management knowhow

The Incheon International Airport Corp. is expanding its management consulting business for airports overseas as a new income source. The operator of the nation’s main international gateway said Wedn...

Updated : 2015.08.27 18:15

[Herald Interview] KFS praises civic, business participation

The urban forest project carried out by the Korea Forest Service has sought participation from citizens and businesses to realize the plan, according to a senior government official. According to data...

Updated : 2015.08.27 18:03

KOMIPO seeks to turn Boryeong, Seocheon into global energy hub

Korea Midland Power Co., one of six power generation affiliates of the state-run Korea Electric Power Corp., is looking to transform the cities of Boryeong and Seocheon into the global energy hub of S...

Updated : 2015.08.27 17:49

German business leaders discuss Korea’s economic outlook

 More than 100 German business leaders and officials came together in Seoul on Thursday to discuss and share insights on South Korea’s economic trends and outlook for this year.  At the Half-Year ...

Updated : 2015.08.27 17:43

Trade commission recommends anti-dumping duties on Indonesian ethyl acetate

South Korea's trade commission said Thursday that it has recommended imposing punitive duties on ethyl acetate imports from Indonesia while also advising the finance ministry to extend the country's existing anti-dumping duties on imports from three other countries, including China.Followi...

Updated : 2015.08.27 14:22

ODIGAMOM, online retailer behind luxury baby bottle MAMACHI

MAMACHI, known as the “Chanel” or “Gangnam-style” of baby bottles, is a must-have item among expecting mothers.The bottle first found fame in their Los Angeles store before making its way to Korea...

Updated : 2015.08.27 14:18

S. Korean firms inactive in overseas M&As

South Korean companies are less active in overseas mergers and acquisitions (M&As) than their counterparts in other countries since they involve huge funds and high risks, a report showed Thursday.Local companies spent a total of 51.2 trillion won ($43.2 billion) to acquire or merge with o...

Updated : 2015.08.27 10:01