Samsung Electronics to build appliance complex in Vietnam

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Samsung Electronics to build appliance complex in Vietnam

South Korean tech giant Samsung Electronics Co. will build a US$560 million industrial complex in Vietnam to produce consumer electronics (CE) to meet growing global demand for home appliances, the company said Thursday.   The complex will be built in the southern Vietnamese city of Ho C...

Updated : 2014.10.02 15:13

Samsung Electronics starts NFC payment service in China

Samsung Electronics Co., the world's largest mobile phone manufacturer, said Thursday that it has started near field communication payment service for its device users in China.   The company said it formed a partnership with UnionPay, China's sole bank credit card organization, for the ...

Updated : 2014.10.02 10:00

Seoul gears up to tackle weakening yen

The Korean government plans to unveil a set of measures, including tax and financial support to help exporters cope with the weakening yen, government sources said Wednesday.The dollar broke the 110 y...

Updated : 2014.10.01 21:55

Seoul shares dip to 2-month low

Korean stocks dipped to their lowest level in more than two months on Wednesday on concerns over the pace of economic recovery and pro-democracy protests in Hong Kong. The local currency fell sharply against the U.S. dollar.The benchmark Korea Composite Stock Price Index shed 28.55 points,...

Updated : 2014.10.01 21:55

[Newsmaker] Daum Kakao eyes growth as platform provider

Daum Communications and Kakao Corp. have joined forces and are looking ahead to an era in which everything is connected to the Internet.After five months of consolidating the two entities and their co...

Updated : 2014.10.01 21:45

[Herald Interview] Montblanc inspires future generations of patrons

Offering patrons a stage to show how supporting arts and culture can make a better world is a significant factor in convincing them to make contributions, according to the chairman of the Montblanc Cu...

Updated : 2014.10.01 21:23

Starbucks opens first Community Store here

Starbucks Korea on Wednesday opened its first Community Store in the bustling university district of Daehangno, Seoul, in a bid to follow its global vision of “giving back to the community.” The sto...

Updated : 2014.10.01 21:20

HSBC named top domestic cash manager for 5th year

Martin Tricaud, president and CEO of HSBC Korea. (HSBC Korea)HSBC Korea was named the best domestic cash management bank in South Korea for a fifth consecutive year, according to monthly finance magaz...

Updated : 2014.10.01 21:19

Investors’ appetite growing for corporate bonds

Demand for South Korean corporate bonds is on a sharp rise as cash-rich investors, searching for alternatives in a low-rate environment and dull stock market, snatch up such debts ahead of another expected rate cut by the country’s central bank, industry data showed Wednesday.According to...

Updated : 2014.10.01 21:19

Wolfgang’s Steakhouse to open in December

The New York-based Wolfgang’s Steakhouse will open a titular restaurant in Cheongdam-dong of southern Seoul in December, the restaurant’s Korean team said Wednesday. Founded by seasoned waiter and r...

Updated : 2014.10.01 21:19

Exports grow 6.8% in Sept., trade surplus for 32nd month

South Korea’s exports increased from a year earlier in September, with imports growing at a slightly faster pace, the government said Wednesday.The country’s outbound shipments came to $47.69 billion last month, up 6.8 percent from the same month last year, according to the Ministry of T...

Updated : 2014.10.01 21:18

Korean carmakers post strong gains in sales

Hyundai Motor, South Korea’s No. 1 automaker, said Wednesday its September sales moved up 6.7 percent from a year earlier, fueled by demand for new models and more overseas production.Company data showed 389,748 cars being sold overall last month, with domestic sales gaining 3.3 percent t...

Updated : 2014.10.01 21:18

[Herald Interview] Houston mayor seeks bigger economic ties with Seoul

The resumption of U.S. energy exports after nearly four decades and the rise of shale gas as a next-generation energy source will reinforce South Korea-Houston ties in the future, Houston Mayor Annise...

Updated : 2014.10.01 21:16

POSCO supplies lightweight steel to Renault

POSCO, the world’s fifth-largest steelmaker, said Wednesday that its high-strength, lightweight steel products were being used in Renault’s new concept car EOLAB for the first time.The materials, PO...

Updated : 2014.10.01 21:15

Universities wrong to resist new assessments

Kim Byoung-jooI simply could not believe my eyes when once again I saw in the news that university students were boycotting the college rankings issued by the local press. This is nothing new, and thi...

Updated : 2014.10.01 21:15