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The Korea Herald > Business

Consumer price growth slowest in sixteen years

South Korea’s consumer prices continued anemic growth for the fourth straight month in March, the state-run Statistics Korea said Wednesday.Consumer prices increased just 0.4 percent last month from ...

Updated : 2015.04.01 20:28

Southwest gets faster rail service

A new high-speed KTX train service that links Seoul and the nation’s southwestern region was launched Wednesday, amid anticipation that it will help balance development between the regions with short...

Updated : 2015.04.01 20:27

Saudi oil tycoons to explore ties with Korea

Saudi Arabia will seek to strengthen cooperation with South Korea when its top government and business leaders visit Seoul later this month, industry sources said Wednesday.Sources said the Saudi oil ...

Updated : 2015.04.01 20:07

Central bank loan issuance soars

The total number of loans by the Bank of Korea hit the highest level in 21 years in February, as more loans were approved to local companies for facility investment, data showed Wednesday. Loans provided through BOK’s money issuance reached 15.4 trillion won ($13.9 billion) as of the end ...

Updated : 2015.04.01 20:06

Korea tightens cockpit rules after Alps crash

Korean airplanes will have two crew members in their cockpit after a German plane crashed in the French Alps last week, officials in Seoul said Wednesday.The Transport Ministry said it revised an aviation security-related rule so that two people must be present in the cockpit at all times....

Updated : 2015.04.01 20:06

Philip Morris rolls out new Marlboro cigarette

Philip Morris Korea has rolled out Marlboro Zing Fusion, the latest brand from its flagship Marlboro lineup, in Korea on Wednesday. “In addition to Marlboro’s signature smooth taste, the capsule-ins...

Updated : 2015.04.01 20:06

Shinhan Card ranked as top financial brand

Shinhan Card, the credit card brand affiliated with the nation’s largest banking group Shinhan Financial Group, has been selected as No. 1 for brand power in finance.Brand assessment and research firm Brandstock picked Shinhan Card as having the highest brand value among local financial c...

Updated : 2015.04.01 20:06

(Photo News) Launching new KTX line

President Park Geun-hye delivers a congratulatory speech at the launching ceremony of the new high-speed KTX Honam line at Songjeong Station in Gwangju on Wednesday. (Yonhap)

Updated : 2015.04.01 20:04

Taxi apps poised to challenge Uber in Korea

Taxi and ride-sharing smartphone apps, mainly spearheaded by Uber, have brought seismic changes to not only the information technology industry, but also to the broader transportation sector at home a...

Updated : 2015.04.01 20:03

Samsung unveils Galaxy knife for April Fools’ Day

Samsung Electronics pulled an online prank Wednesday by unveiling the Galaxy Blade Edge, the world’s first “smart knife,” for a little fun on April Fools’ Day. The fake announcement, made via its ...

Updated : 2015.04.01 20:01

Cisco pledges to expand partnership with Korean firms

Networking hardware giant Cisco said Wednesday it would seek further partnership with Korean firms, calling collaboration crucial in an era of connected things, often called the “Internet of Everythi...

Updated : 2015.04.01 20:01

5 Ho-Am Prize winners picked

Samsung Group announced Wednesday the five winners of its Ho-Am Prize for this year in the fields of science, engineering, medicine, arts and community service.For science, Yonsei University professor...

Updated : 2015.04.01 19:46

S. Korean car sales grow 1.5 pct in March

Sales by automakers in South Korea grew in March for the first time this year, raising hopes that demand might be picking up both at home and abroad, industry data showed Wednesday.The combined sales of the five local automakers came to 801,997 units last month, up 1.5 percent from the pre...

Updated : 2015.04.01 17:00

Seoul shares drop 0.62 pct on profit-taking

South Korean stocks ended 0.62 percent lower Wednesday as investors took a breather following a recent rally that sent the main stock index to a yearly high, analysts said. The Korean won shot up against the U.S. dollar.The benchmark Korea Composite Stock Price Index slumped 12.58 points t...

Updated : 2015.04.01 16:57

Fiscal spending in H2 to depend on tax revenue: finance minister

South Korea's fiscal spending in the second half of the year will be determined by the amount of tax revenue and the effect that front-loading the budget will have on economic growth, the top economic policymaker said Wednesday.Speaking to reporters after chairing a fiscal policy advisory ...

Updated : 2015.04.01 15:32