U.S. reiterates support for Seoul's decision to shut down Gaesong complex

The Korea Herald > Business

Gaeseong-based S. Korean firms call for gov't compensation

South Korean companies based in the North Korean border city of Gaeseong urged the government on Thursday to roll out follow-up measures to compensate damages caused by its earlier decision to indefinitely suspend the operation of the joint industrial park."We will ask the government to ma...

Updated : 2016.02.12 09:40

Hyundai Heavy wins two oil tankers deal from Turkey

Hyundai Heavy Industries Co., a South Korean shipbuilder, said Thursday it struck a deal with a Turkish counterpart to build two oil tankers tankers sized at 158,000 tons each.Under the deal estimated at US$120-140 million, Hyundai will hand over the ships to Turkey-based Ditas Shipping in...

Updated : 2016.02.12 09:36

News for consumers

Ikea posts recall orders on lampsIkea Korea posted recall orders for its Rinna wall lamp, Lock ceiling lamps as well as Hyby lamps, after reports that the glass covers had fallen and inflicted injurie...

Updated : 2016.02.11 21:02

[Newsmaker] Gaeseong firms cry foul over closure

One hundred-twenty four South Korean companies that have been producing garments, shoes and watches in North Korea’s border city become casualties of the unfinished Cold War on the Korean Peninsula, ...

Updated : 2016.02.11 18:51

SKT, Ericsson to build 5G network test bed

Korea’s leading mobile network operator SK Telecom said Thursday that it had signed a memorandum of understanding with Finnish network equipment firm Nokia to build infrastructure to test fifth-gener...

Updated : 2016.02.11 18:22

Time-pressed, strategic spenders turn to at-home beauty care

Despite her busy schedule, Kim Na-eun, a 30-year-old office worker in Seoul, visits a skin care clinic every now and then, whenever she feels the need to rejuvenate, or give some “proper attention” ...

Updated : 2016.02.11 18:22

KT helps promising start-ups tap global market at MWC

Telecommunications firm KT said Thursday that it would participate in the Mobile World Congress, the world’s largest mobile trade show to be held in Barcelona later this month, along with promising K...

Updated : 2016.02.11 18:19

Stocks plunge nearly 3% as fear grips markets

The South Korean stock market nosedived on the first trading session after the Lunar New Year holiday Thursday, battered by concerns over the gloomy global economy and geopolitical risks stemmed from ...

Updated : 2016.02.11 18:14

Korea to allow testing of driverless cars on roads from March

    Driverless cars might be spotted on roads in Korea from March as the Ministry of Land, Infrastructure and Transport will start receiving applications for test drives of such cars from Friday.  ...

Updated : 2016.02.11 18:09

Korea has OECD’s top R&D spending as proportion of GDP

South Korea ranked top among the Organization for Economic Cooperation and Development countries in terms of research and development spending as a proportion of gross domestic product, a report showe...

Updated : 2016.02.11 18:08

KB Financial to strengthen nonbanking services

KB Financial Group, one of the country’s largest financial groups, seeks to improve its management structure by strengthening its nonbanking business, the lender said last week.The group hopes to enh...

Updated : 2016.02.11 17:30

Seoul shares tumble 2.93% on global market setbacks

South Korean stocks plunged 2.93 percent Thursday as investors were spooked by continued setbacks in the global market and growing geopolitical tensions following the North's rocket launch. The local ...

Updated : 2016.02.11 16:20

[Photo News] Gifts for adoptees

GIFTS FOR ADOPTEES -- LG Uplus’ employees participate in a corporate social responsibility program in which they make dolls for babies who have been put up for adoption, at the company’s head office...

Updated : 2016.02.11 15:32

[Photo News] Smart cover for LG G5

SMART COVER FOR LG G5 -- LG Electronics unveils a touch-enabled case, dubbed the Quick Cover, for its upcoming flagship smartphone G5 in Seoul on Thursday. The semitransparent smartphone cover allows ...

Updated : 2016.02.11 15:29

LG Life Sciences’ new 5-in-1 vaccine approved by WHO

LG Life Sciences’ 5-in-1 vaccine Eupenta (LG Life Sciences)LG Life Sciences, the biopharmaceuticals unit of LG Group, said Wednesday its self-developed 5-in-1 multifunctional vaccine Eupenta has rece...

Updated : 2016.02.11 15:25