(Universiade) S. Korean archer sets world record

The Korea Herald > Business

U.S. hedge fund appeals court's refusal to stop Samsung merger

A U.S. hedge fund, opposing a proposed merger of two Samsung Group units, has filed an appeal against a Seoul court's dismissal of its request to block the deal, the latest in a series of legal rows unfolding against South Korea's top conglomerate over the high-profile merger. Elliott Ass...

Updated : 2015.07.03 21:56

Samsung, LG in court over washing machine vandalism

Samsung Electronics and LG Electronics clashed in a Seoul court Friday over the latter’s alleged vandalism of washing machines.The legal representatives for LG denied the allegations that its CEO Cho Seong-jin and two other company officials broke the doors of three Samsung washers. But S...

Updated : 2015.07.03 21:26

Future of Korea depends on first movers, not fast followers

There are so many issues going on in so many sectors of society in Korea and, yet, so little room to speak of the future. However, the best timing to prepare for a chaotic future is before a crisis. “...

Updated : 2015.07.03 21:20

ISS opposes controversial Samsung merger

Institutional Shareholder Services Inc. told investors to reject Samsung Group's proposed merger of two units, setting back the South Korean conglomerate's efforts to push through a deal that would so...

Updated : 2015.07.03 20:02

Insurers may join complex financial centers: FSC

Financial consumers will be able to take out insurance at complex financial branches ― hybrid financial service centers that incorporate banking and securities operations.Regulators hope that such an...

Updated : 2015.07.03 18:22

Hyosung to build W1tr polyketone plant in Ulsan

Hyosung announced Friday it would invest 1 trillion won ($893.3 million) to establish a 300,000-ton polyketone manufacturing plant and a research and development center in Korea’s southeastern industrial city of Ulsan. The industrial conglomerate and the local government of Ulsan signed a...

Updated : 2015.07.03 18:11

POSCO’s steel output tops 800m tons

Steelmaker POSCO said Friday that it has produced more than 800 million tons of steel products, about 43 years since manufacturing started in 1972.  According to the company, the cumulative production amount surpassed 800 million tons as of 7 a.m. on June 25. POSCO held celebratory ceremo...

Updated : 2015.07.03 18:09

Seoul pushes for W22tr stimulus

The government announced a 22 trillion won ($19.6 billion) stimulus package Friday, including an extra budget of about 12 trillion won.The Finance Ministry disclosed the expenditure plan designed to p...

Updated : 2015.07.03 16:41

S. Korea to boost support for MERS-hit tourism industry

The government will increase support for the MERS-hit tourism industry to up to 1 trillion won, a senior government official said Friday.  Speaking to tourism industry officials and merchants on Jeju Island, Vice Finance Minister Bang Moon-kyu said the government is assessing the economi...

Updated : 2015.07.03 16:27

Seoul shares close tad lower ahead of Greek referendum

South Korean stocks closed marginally lower Friday, as investors took a cautious approach ahead of Greece's crucial referendum on a bailout plan on Sunday, analysts said. The local currency rose slightly against the U.S. dollar.   The benchmark Korea Composite Stock Price Index (KOSPI) s...

Updated : 2015.07.03 16:26

U.S. hedge fund appeals court's refusal to stop Samsung merger

A U.S. hedge fund, opposing a proposed merger of two Samsung Group units, has filed an appeal against a Seoul court's dismissal of its request to block the deal, the latest in a series of legal rows unfolding against South Korea's top conglomerate over the high-profile merger.   Nexus, a...

Updated : 2015.07.03 15:40

S. Korea keep top spot in shipbuilding orders in H1

South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve, industry data showed Friday.  According t...

Updated : 2015.07.03 15:37

Higher cracking margins, stable oil prices bode well for refiners' Q2 earnings

South Korean refiners are expected to have racked up robust earnings in the second quarter on the back of higher cracking margins and stable oil prices, industry data showed Friday.  The nation's three refiners posted their worst-ever performance last year as a freefall in oil prices hur...

Updated : 2015.07.03 11:27

Govt to spread out Treasurys sales to minimize impact on bond market

The finance ministry said Friday that it plans to spread out the sale of Treasurys needed to cover a large portion of this year's proposed extra budget to prevent instability in the local bond market.The government drew up an 11.8 trillion-won ($10.5 billion) supplementary budget plan to c...

Updated : 2015.07.03 10:29

Seoul outlines 12 tln-won extra budget plan to prop up growth, cope with MERS

South Korea on Friday outlined an 11.8 trillion-won ($10.5 billion) extra budget plan designed to prop up its economy that is being dragged down by weak consumption and fallout from the Middle East Respiratory Syndrome outbreak.The plan that is part of a much larger 22 trillion-won economi...

Updated : 2015.07.03 10:16