North Korean ship pursued for seizure in case

The Korea Herald > Business

Dongbu Daewoo Electronics gains ground in China

South Korea’s third largest electronics firm Dongbu Daewoo Electronics has been increasing its foothold in the Chinese market with its strategies specifically targeting locals.The company, which made...

Updated : 2015.08.04 20:30

Samsung to create W100b fund for leukemia victims

Samsung Electronics said Monday it would create a 100 billion won ($85 million) fund for employees who had suffered from incurable diseases, including leukemia, while working at its manufacturing plants for semiconductors and displays. “Even though the exact causal relationship (of their...

Updated : 2015.08.04 18:54

Doosan E&C faces penalty for violating fair trade law

The Fair Trade Commission is expected to impose penalties on Doosan Engineering & Construction for violating the country’s fair subcontract transactions law, according to the firm’s regulatory filing Monday. The construction unit of Doosan Group is set to face limits in operations and be...

Updated : 2015.08.04 18:36

[SUPER RICH] Saga of ‘strife of princes’ runs deep at Korean conglomerates

The fraternal feud surrounding the managerial rights of South Korean retail giant Lotte Group has made the headlines of every media outlet here for the past week. But this is not the first time the se...

Updated : 2015.08.04 18:33

Lotte feels pinch of family feud

Retail giant Lotte Group, caught in a mud-slinging battle between the founder’s two sons, is caught with a buyers’ boycott on one hand and a nose-diving market value on the other. Worse still, the g...

Updated : 2015.08.04 18:21

Korean youth ranked third in giving up seeking jobs

(123RF)South Koreans aged between 15 and 29 grabbed a disgraceful third place in the ratio of “neither employed nor in education or training” among the corresponding age groups of 33 members of the ...

Updated : 2015.08.04 18:16

Lotte CEOs pledge support for chairman

Lotte Group chairman Shin Dong-bin received a boost in his move to solidify his managerial power as CEOs of the group’s units and Japan-based Lotte Holdings’ CEO pledged their full support for his l...

Updated : 2015.08.04 18:13

[SUPER RICH] Lotte founder no stranger to fraternal feud

Lotte founder and general chairman Shin Kyuk-ho became both the protagonist and antagonist of a soap opera-ish family feud since July 27 when he tried to oust his second son from his business empire b...

Updated : 2015.08.04 18:02

Lotte Group chairman visits distribution center in Osan

Lotte Group chairman Shin Dong-bin pays a visit to a Lotte distribution center in Osan, Gyeonggi Province, Tuesday, in his efforts to ease public concerns of a leadership vacuum. Lotte Group

Updated : 2015.08.04 17:41

[Graphic News] Online shopping sales reach all-time high

The number of online shoppers in South Korea saw a sharp increase in June, largely as the recent outbreak of the Middle East respiratory syndrome drove people away from visiting large retail outlets.O...

Updated : 2015.08.04 16:15

Lotte group shares seesaw on succession feud concerns

Shares of Lotte Group units have been fluctuating amid a succession feud between brothers as investors fidget over the family-run conglomerate's murky governance structure and management risks, market watchers said Tuesday. While core affiliates briefly enjoyed a rally on speculation that ...

Updated : 2015.08.04 15:36

Hanwha Q Cells to provide solar modules to Japan

Hanwha Q Cells Co., the world's leading solar cell maker, said Tuesday it will team up with Japanese trading company Marubeni Corp. to build a solar power plant in Japan's nuclear-hit Fukushima area.  Hanwha Q Cells signed a deal with Marubeni to provide 190,000 solar modules to build the...

Updated : 2015.08.04 15:34

Court orders for KakaoTalk user data drop sharply in H1

The number of warrants issued by courts to confiscate user data from South Korea's top mobile messenger declined sharply in the first half of this year, a report showed Tuesday, following criticism of covert cyber surveillance by law enforcement authorities.Daum Kakao Corp., the operator o...

Updated : 2015.08.04 14:13

S. Korea's air traffic drops in July on MERS impact

South Korea's air traffic slipped in July from a year ago due mainly to a plunge in international passengers amid concern over the Middle East Respiratory Syndrome outbreak, industry data showed Tuesday.The number of air passengers reached 6.81 million last month, down 6.5 percent from the...

Updated : 2015.08.04 09:51

Ruling party lawmaker summoned over alleged sexual assault

A ruling party lawmaker has been summoned for questioning over a sexual assault allegation, police said Tuesday.Rep. Sim Hag-bong of the ruling Saenuri Party is suspected of sexually assaulting a woman in her 40s at a hotel in Daegu, a major city in North Gyeongsang Province, on July 13. T...

Updated : 2015.08.04 09:49