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Korean firms face backlash from foreign investors over financial statements

Most of the big Korean companies are facing disapproval from foreign pension funds over their financial statements ahead of their imminent shareholders meetings in March, as they have not been audite...

Mar 17, 2019
Industry
USTR requests consultations with S. Korea on competition issues

The US trade authority said Saturday that it has made a request to the South Korean government to have consultations under the bilateral free trade deal on resolving competition-related issues. "The...

Mar 16, 2019
Industry
LG Uplus seeks gov't approval for cable TV acquisition

LG Uplus Corp. on Friday sought approval from the government to purchase a majority stake in leading cable TV operator CJ Hello, officials said. The Ministry of Science and ICT will review whether S...

Mar 15, 2019
Industry
Coupang appoints ex-Walmart official Jay Jorgensen as new CCO

South Korean e-commerce company Coupang said Friday that it has tapped a former vice president at Walmart as its new chief compliance officer and general counsel. Based on his legal expertise, Jay J...

Mar 15, 2019
Industry
South Korea bans B737 Max 8 in its airspace for 3 months

South Korea’s government said Friday that all Boeing 737 Max 8 aircrafts will be banned from passing the country’s airspace for safety issues until June 15, in the wake of a recent plane crash in Eth...

Mar 15, 2019
Industry
[Newsmaker] SK Chemicals executive arrested in humidifier sterilizer scandal

An executive of SK Chemicals Co. has been arrested on the charge of destroying evidence on the toxicity of raw materials for humidifier sterilizers supplied to other local companies, court officials ...

Mar 15, 2019
Industry
Prosecutors raid Seoul bourse in Samsung BioLogics probe

Prosecutors raided South Korea's main stock exchange Friday as part of a probe into alleged accounting fraud by Samsung BioLogics Co. Investigators from the Seoul Central District Prosecutors' Offic...

Mar 15, 2019
Industry
Daewoo Shipbuilding 2018 net profit halves on loss from asset sale

Daewoo Shipbuilding & Marine Engineering Co., one of the country's top three shipyards, said Thursday that its net profit halved in 2018 from a year earlier due to a loss from asset sale. Net profit...

Mar 14, 2019
Industry
Prosecutors raid Samsung Group offices in Samsung BioLogics' accounting fraud probe

Prosecutors raided the offices of Samsung Group's affiliates on Thursday as part of an ongoing probe into alleged accounting fraud by its biopharmaceutical unit, Samsung BioLogics Co. The raids come...

Mar 14, 2019
Industry
9 operators to take part in bidding for arrival duty-free shops

A total of nine duty-free operators are set to take part in the bidding for the country's first arrival duty-free shops at Incheon International Airport, the airport's operator said Thursday. Incheo...

Mar 14, 2019
Industry
LG CNS introduces coding initiative for Korean teens

LG CNS started its software teaching program LG CNS Coding Genius with 118 students from Shinil Middle School, Seoul, Thursday. A part of the company’s CSR activities aimed at inciting creativity an...

Mar 14, 2019
Industry
[News Focus] Korea’s agriculture deficit grows under FTAs

SEJONG -- South Korea has actively promoted its agricultural products in overseas markets over the past few years by holding K-food fairs in Southeast Asia and elsewhere. The Ministry of Agriculture...

Mar 14, 2019
Industry
Samsung SDS to bolster cloud security with ‘homomorphic encryption‘

Samsung SDS on Thursday pledged to bolster its security solution for cloud services by applying advanced encrypted technology to better protect client companies’ data both externally and internally....

Mar 14, 2019
Industry
[Newsmaker] SK in crosshairs after probe into toxic humidifier disinfectants reopens

Authorities reinvestigate SK Chemicals, Aekyung

Mar 14, 2019
Industry
Korean Air, T’way to ground Boeing 737 Max 8 over safety concerns

South Korea’s full-service flagship carrier Korean Air and budget airline T’way joined a growing list of airlines Wednesday in grounding Boeing 737 Max 8 planes after an Ethiopian Airlines plane cras...

Mar 14, 2019
Industry

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
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