S.Sudan rebels slaughter 'hundreds' in ethnic massacres: U.N.

The Korea Herald > Business

[Graphic News] Korea’s aging coastal liners and their crew

More than two-thirds of the coastal liners operated in Korea were found to be 15 years old or more, according to figures from the Korea Shipping Association on Monday. Out of the 217 vessels tallied a...

Updated : 2014.04.21 21:50

[Ferry Disaster] Ferry’s lifespan was extended by 7 years with remodeling: FSS

Financial Supervisory Service data showed Monday that Chonghaejin Marine, the operator of the capsized Sewol, had garnered shipping authorities’ approval in extending the lifespan of the ferry by sev...

Updated : 2014.04.21 21:49

Income gap widens between companies and households

The income gap between Korean households and companies has widened over the past five years to indicate that despite the country’s robust economic growth, individuals do not have more to spend, data from the central bank showed Monday.Local companies’ disposable income grew more than 80 ...

Updated : 2014.04.21 21:32

KDB denies undue favors in Sewol loan

The state-run Korea Development Bank on Monday denied speculations by local media that it granted an over-the-limit loan to Cheonghaejin Marine Co., the operator of the sunken ferry Sewol.Seoul Shinmun and Kyunghyang Shinmun said on Sunday that KDB had overestimated the security value of t...

Updated : 2014.04.21 21:32

Blaze puts halt to Samsung’s financial services

Samsung’s financial services have been suspended in the wake of a fire at Samsung SDS data center, which runs the system and stores backup data from Samsung’s financial affiliates. Samsung SDS said it blocked the server at the data center to prevent data loss. Samsung Card users appeared...

Updated : 2014.04.21 21:31

ITU aims to tackle global ICT initiatives in Busan

Officials, corporate executives and other high-profile figures in the world’s information, communication and technology industries will convene Busan in October to discuss pressing global policy issu...

Updated : 2014.04.21 21:30

Korean firms’ dividend yield ratio hits 3-year low: data

Dividend payouts by South Korean listed firms to investors remained poor last year, with their dividend yield ratio hitting the lowest level in 3 years, data showed Monday.The average dividend yield ratio of listed firms that closed their books on Dec. 31 came to 1.14 percent in 2013, mark...

Updated : 2014.04.21 21:29

Savings banks to lower bad loan ratio over three years

South Korea’s savings banks aim to nearly halve the ratio of their bad loans to their total lending by 2016 as a reactionary measure to massive bankruptcies just a few years ago, the financial watchdog said Monday.The Financial Supervisory Service had ordered 88 local savings banks in Feb...

Updated : 2014.04.21 21:29

U.S., Europe top foreign investors in Korea last year

Foreign investment in South Korea rose 3.8 percent last year, led by U.S. and European investors who mostly increased their purchase of local stocks and bonds, the central bank said Monday. Outstanding foreign investment in Asia’s fourth-largest economy amounted to a record $991 billion a...

Updated : 2014.04.21 21:28

SK E&C begins construction of underwater tunnel in Turkey

SK Engineering & Construction said Monday that it had started the digging work for a 5.4 kilometer underwater tunnel, known as the Eurasia Tunnel, under the Bosphorus Strait in Istanbul. The Korean builder held a ceremony to celebrate the beginning of construction on Saturday, with Turkish...

Updated : 2014.04.21 21:28

[SUPER RICH] Superrich sons-in-law

In the cutthroat business world of chaebol, sons-in-law were often considered the elephants in the room. While customs have changed so radically in Korea that it is now not uncommon to see men living ...

Updated : 2014.04.21 21:28

[SUPER RICH] CJ vice chairwoman finds goldmine in cultural industries

Lee Mie-kyung, vice chairwoman of CJ, is a rare breed of Korean superrich who saw a business opportunity in culture and entertainment. Born in Tennessee, U.S., and raised in Seoul, Lee is the Harvard-...

Updated : 2014.04.21 21:14

[Ferry Disaster] Ferry victims, families face hopeless compensation war

(Yonhap)In addition to the desperate rescue attempts and the escalating blame game, the Sewol ferry victims and their family members are now expected to face a hard and complicated battle on damage co...

Updated : 2014.04.20 20:26

Hyundai unveils all-new Sonata Turbo

Hyundai Motor on Wednesday unveiled for the first time ever its latest Sonata Turbo at the 2014 New York International Auto Show, held at Jacob Javits Convention Center in New York.It also marked the ...

Updated : 2014.04.20 20:26

Shares to gain more steam

South Korean stocks are expected to be bullish this week on hopes of improved first-quarter corporate earnings, analysts said Saturday. The benchmark Korea Composite Stock Price Index finished at 2,004.28 on Friday, up 0.34 percent, or 6.84 points, from a week earlier. The KOSPI broke the ...

Updated : 2014.04.20 20:25