A palace walk with Hamlet, Jeongjo

The Korea Herald > Business

[Graphic News] Overall average pay increases

The average monthly pay of full-time and part-time workers increased by 3.4 percent to 3.2 million won ($2,700), according to a government survey released on Monday. The survey, which was conducted by...

Updated : 2016.05.31 18:34

[Super Rich] Rise and fall of Korean shipbuilding tycoon

The founders of many South Korean conglomerates have led dramatic lives, with resemblance to the domestic economy rising fast from the ashes of the Korean War.One thing that the business tycoons have ...

Updated : 2016.05.31 18:05

[Super Rich] Young start-up acquires 50-year-old B&W

In an unusual development, a well-established company with a history of half a century was acquired early last month by a 2-year-old small start-up.Normally well-established companies acquire smaller ...

Updated : 2016.05.31 17:50

POSCO retakes 4th place in global steel production

POSCO, South Korea's biggest steelmaker, has regained its status as the world's fourth-largest steel-producing firm, data from the World Steel Association showed Tuesday.The Pohang-based company produ...

Updated : 2016.05.31 17:17

Doosan completes asset sales to raise 3.3 tln won

Power and construction equipment conglomerate Doosan Group raised a total of 3.3 trillion won by selling affiliates, business units and assets over the past two years to shore up its shaky balance she...

Updated : 2016.05.31 16:30

Park calls for fostering maritime industry into future growth dynamo

President Park Geun-hye on Tuesday called for fostering a new maritime industry and developing it into a future growth dynamo, underscoring that the maritime sector will present new economic opportuni...

Updated : 2016.05.31 16:24

Bondholders OK HMM’s debt restructuring plan

Bondholders of Hyundai Merchant Marine have approved a debt restructuring proposal by the ailing shipper, clearing one of the major hurdles of its rehabilitation program. During three separate meeting...

Updated : 2016.05.31 16:24

LG Life Sciences to commercialize Humira biosimilar by 2018

LG Life Sciences on Tuesday said that it has begun phase III clinical trials for its new Humira biosimilar under development in South Korea, with plans to commercialize the drug in Korea and Japan by ...

Updated : 2016.05.31 16:05

Samsung C&T to appeal share buyback price ruling

An appeal court on Tuesday ordered Samsung C&T, the fashion and trading unit of Samsung Group, to increase the stock buyback price proposed to shareholders who opposed its merger with Cheil Industries...

Updated : 2016.05.31 15:55

Shilla tops new duty-free shops in daily sales

South Korea’s five newly licensed duty-free stores in Seoul are seeing steady improvements in their daily revenue, with HDC Shilla and Hanwha in the lead so far, the companies said Tuesday. HDC Shil...

Updated : 2016.05.31 15:53

Korea increases contribution to IDB trust funds for past 10 yrs

South Korea has contributed more than $100 million to trust funds operated by the Inter-America Development Bank for the past 10 years to help the region develop further, the finance minister said Tue...

Updated : 2016.05.31 15:53

[Photo News] LG supports community in Ethiopia

LG Electronics’ top executives, including CEO Cho Seong-jin, visit an Ethiopian village, 60 kilometers away from Addis Ababa, as part of the firm’s global corporate social responsibility programs la...

Updated : 2016.05.31 15:52

Production continues to fall on gloomy outlook

Korea’s overall production and consumption fell last month on the back of slow manufacturing and retail sales, despite a slight pickup in the services industry led by the finance and insurance sector...

Updated : 2016.05.31 15:37

Samsung rolls out storage product smaller than coin

Tech giant Samsung Electronics said Tuesday that it has started mass producing a compact solid-state drive that is three times faster -- but much smaller in size -- than the average SSD product.The ne...

Updated : 2016.05.31 15:34

[Newsmaker] Daewoo Shipbuilding to cut wages, sell assets to stay afloat: report

Troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering is seeking pay cuts and sales of subsidiaries as part of self-rescue efforts to stay afloat, a local news report said Tuesday...

Updated : 2016.05.31 15:32