Ex-Navy chief charged with additional bribery

The Korea Herald > Business

Weak demand by builders slows corporate loans growth in Q4

Corporate loans in South Korea continued to rise in the fourth quarter but its pace of growth had slowed compared to the third quarter as demand by builders waned, central bank data showed Tuesday.Outstanding corporate loans extended by banks and non-bank institutions reached 882.9 trillio...

Updated : 2015.03.03 13:40

S. Korea's third bourse sees increased turnover this year

South Korea's stock market for venture firms and startups posted a sharp growth this year with its turnover more than doubling from a year earlier, data showed on Tuesday.The Korea New Exchange debuted in June 2013 to provide a bourse where fledgling businesses can raise funds easier via s...

Updated : 2015.03.03 13:38

S. Korea's consumer price growth in Feb. is lowest since mid-1999

South Korea's consumer prices grew less than 1 percent for the third month in a row in February, with the pace of growth the slowest since mid-1999, a government report showed Tuesday. The country's c...

Updated : 2015.03.03 10:00

Samsung takes on Apple with new flagship phones

BARCELONA, Spain ― Samsung Electronics, the world’s largest smartphone-maker by sales, finally unveiled its new flagship smartphones ― the S6 and its variant S6 Edge ― in Barcelona on Sunday, a da...

Updated : 2015.03.02 20:38

Peugeot cuts compact SUV prices

Peugeot is seeking to dominate Korea’s compact sport utility vehicle market with reinforced lineups and a discounted price for its signature New Peugeot 2008 models. Hanbul Motors, the official impor...

Updated : 2015.03.02 20:17

Samsung CEO busy meeting partners at MWC

BARCELONA, Spain ― Top executives of global tech giants attending the Mobile World Congress are busy showcasing their companies’ new products and meeting with partners on the sidelines of the world’s leading mobile device fair.Samsung Electronics’ mobile business chief Shin Jong-kyun t...

Updated : 2015.03.02 20:17

Hurom seeks more opportunities overseas

Hurom, a South Korean slow juicer supplier, is joining hands with a major home shopping channel to expand its overseas marketing and sales, officials said Monday. Hurom signed a memorandum of understa...

Updated : 2015.03.02 20:16

Samsung debuts own version of Apple Pay

SEOUL/BARCELONA ― Samsung Electronics on Sunday debuted its own mobile payment system, Samsung Pay, during the unveiling of its new flagship smartphone the Galaxy S6 and its Edge variant. Samsung pla...

Updated : 2015.03.02 20:16

Budget air carriers vie for lucrative Jeju route

Competition has intensified among local low-budget carriers for the world’s busiest domestic air route, Seoul to Jejudo Island, which has become a top destination for tourists from China and Southeast Asia.In the country’s competitive aviation market, local air carriers are eyeing the lu...

Updated : 2015.03.02 20:15

Monthly rent trades in Seoul hit new record in February

The trade volume for monthly rent apartments in Seoul reached a record high last month, especially in districts with popular high schools.As bank interest rates and housing prices continued to remain ...

Updated : 2015.03.02 20:14

Korean firms eye Japanese food market

Korean food exporters plan to lure Japan, the world’s largest importer of Korean food, at the annual international food expo in Tokyo, the Agriculture Ministry said Monday. A total of 56 Korean food exporters will set up booths at the Korean segment of the 40th Foodex Japan, in Makuhari M...

Updated : 2015.03.02 20:14

Cushman & Wakefield predicts growth in Asia-Pacific

Cushman & Wakefield said Monday that investments in the Asia-Pacific region’s offices in 2014 reached $72.5 billion, their highest since the financial crisis of 2007-2008.“In the investors’ perception, the region’s core cities have become global investment destinations, with trophy bui...

Updated : 2015.03.02 20:13

NPS poised to flex shareholder muscles

South Korean conglomerates are on high alert as the National Pension Service, the nation’s largest investor, is forecast to actively exercise its voting rights at their annual shareholders’ meeting ...

Updated : 2015.03.02 20:13

Viber appeals S. Korean court ruling on patent feud with SK Telecom

Global mobile messenger provider Viber said Monday it will appeal a South Korean court ruling that may ban its local operation, signaling a protracted battle with South Korea's No. 1 mobile carrier, SK Telecom Co."Because Viber believes the court's decision was made in error, it is appeali...

Updated : 2015.03.02 17:07

Seoul shares advance on China's rate cut

South Korean stocks ended higher Monday as China's weekend interest rate cut enhanced investor sentiment and Samsung Electronics reclaimed the spotlight with its latest Galaxy smartphones, analysts said. The South Korean won lost against the U.S. dollar.The benchmark Korea Composite Stock ...

Updated : 2015.03.02 16:15