8 out of 10 Korean-Americans express need for Korean unification: poll

The Korea Herald > Business

[Market Now] GS Retail to sell real estate

GS Retail, a listed operator of convenience stores, said that it will retain advisors for the sale of real estate holdings owned by its project financing vehicle subsidiary KOCREF G.Square next week.T...

Updated : 2016.05.02 11:54

BOK under pressure to take a bigger role

Monetary and fiscal policymakers here have been out of step on how to finance restructuring debt-laden companies that are weighing on Korea’s economy.It may not be unusual for them to hold different ...

Updated : 2016.05.02 11:52

AmorePacific net profit jumps 33 percent in Q1

Korea’s top cosmetics maker AmorePacific said Monday its first-quarter earnings jumped 33.1 percent on-year, mainly on the back of solid overseas performance. Net profit came to 325 billion won ($284...

Updated : 2016.05.02 11:40

Seoul shares open lower on autos, shipbuilders

South Korean share prices started lower on Monday on losses from carmakers and shipbuilders.The benchmark Korea Composite Stock Price Index fell 8.19 points, or 0.41 percent, to 1,985.96 in the first ...

Updated : 2016.05.02 11:23

Loss-making shipyards moving to cut workforces, sell assets

Loss-making South Korean shipyards, facing growing pressure from their creditors to cut costs amid an industrywide slump, are expected to ratchet up moves to cut their workforces and sell noncore asse...

Updated : 2016.05.02 10:25

Korea moves to finance restructuring

Korea is expected to launch a task force comprising officials from finance and regulatory agencies to exchange opinions and discuss ways to increase the capital base of state-run policy banks for mass...

Updated : 2016.05.01 19:56

U.S. designation not to change Korea’s FX policy

The U.S. inclusion of Korea in the foreign exchange monitor list will not affect Seoul’s monetary policy, Korean economic policymakers said Sunday. “As Korea avoided the currency manipulator designa...

Updated : 2016.05.01 19:33

[Graphic News] New duty-free shops to create jobs and investments

The Korea Customs Service expects that new duty-free businesses in Seoul and elsewhere will create 5,000 new jobs and 1 trillion won in investments.The KCS announced last Friday that it would issue fo...

Updated : 2016.05.01 18:36

[Photo News] Asiana safety control tower

The safety and security chiefs of Asiana Airlines and its affiliates Air Busan and Air Seoul signed an agreement last Friday to establish an overarching airline safety control body. From left, Air Seo...

Updated : 2016.05.01 18:01

Hyundai’s upturn at 2016 WRC raises expectations for ‘N’ brand

Not many people are aware of the progress Hyundai Motor has made in motor sports in recent years. This is part of the reason why the car-loving community here was surprised to hear that a car racing t...

Updated : 2016.05.01 17:15

[Photo News] GM Korea ties with SOCAR

GM Korea said Thursday it formed a partnership with SOCAR, a car-sharing service company, as part of its marketing efforts. With the partnership, the carmaker will provide more than 700 GM cars includ...

Updated : 2016.05.01 16:00

[Photo News] Hankook Tire sponsors Doosan baseball team

Hankook Tire, Korea’s largest tire maker, is sponsoring Doosan Bears, the 2015 Korean league champion, for the 2016 season. Through the sponsorship, the company aims to promote its brand as the top t...

Updated : 2016.05.01 15:59

[Photo News] Hyundai Motor launches Avante Sport

Hyundai Motor launches the sport version of its new Avante as part of efforts to strengthen its best-selling compact sedan product lineup. The new Avante Sport, powered by a 1.6-liter T-GDi four-cylin...

Updated : 2016.05.01 15:55

BMW ahead of rivals in CSR reputation

When it comes to corporate social responsibility, German luxury carmaker BMW outshines other foreign automakers in Korea in terms of donations and the quality of its CSR projects, according to compani...

Updated : 2016.05.01 15:53

Creditors of Hanjin Shipping may approve rehabilitation program

Creditor banks of cash-strapped Hanjin Shipping are likely to give the ailing container carrier a chance to avoid bankruptcy by approving a corporate rehabilitation program. Seven lenders, led by stat...

Updated : 2016.05.01 15:43