Hyundai Merchant may take over Hanjin Shipping assets

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Hyundai Merchant may take over Hanjin Shipping assets

Hanjin sees vessels arrested as it files for court receivership As the days of Hanjin Shipping seem numbered, officials in Seoul are already talking about ways to have its local rival take over any va...

Updated : 2016.08.31 19:33

Shin Dong-joo to be grilled in Lotte Group corruption probe

A court appointed a pro bono organization as guardian of the 91-year-old Lotte Group founder Shin Kyuk-ho, deeming him mentally unfit to carry out business operations.The Seoul Family Court said Wedne...

Updated : 2016.08.31 19:21

[Graphic News] Government-proposed 2017 budget surpasses 400 trillion won

The 2017 budget proposed by the government has surpassed 400 trillion won ($358 billion) for the first time.Officials said the government increased the budget by 3.7 percent to spend more on job creat...

Updated : 2016.08.31 18:24

[MONITOR] Industrial output gains 1.6% on-year in July

South Korea‘s industrial output advanced for the third month in a row in July on a rise in chips and chemical production, according to a report by Statistics Korea. Production in the mining, manufact...

Updated : 2016.08.31 17:26

‘Korea to safeguard logistics from Hanjin fallout’

South Korea’s Finance Minister Yoo Il-ho said the government will deal with companies under creditor-led restructuring programs by the book and those that do not come up with reasonable self-rescue p...

Updated : 2016.08.31 17:22

SKT unveils voice-controlled AI service

SK Telecom, South Korea’s largest mobile carrier, unveiled an artificial intelligence service based on voice recognition technology Wednesday, saying it will be the starting point to the popularizati...

Updated : 2016.08.31 17:18

Hyundai Merchant may take over Hanjin Shipping assets

As the days of Hanjin Shipping seem numbered, officials in Seoul are already talking about ways to have its local rival take over any valuable assets the beleaguered shipping firm still has. Jeong Eun...

Updated : 2016.08.31 17:15

[Newsmaker] Google to expand Waze carpooling service

Google is preparing to expand a San Francisco carpooling program in a move that could that could set up a showdown with its one-time ally, the popular ride-hailing service Uber.The plans will build up...

Updated : 2016.08.31 16:44

Wage gap widening between SMEs, large firms

Data from the Ministry of Employment and Labor showed this week South Korea’s wage gap between high school and university graduates is smaller than the average of the Organization for Economic Cooper...

Updated : 2016.08.31 15:36

‘Interpark hack was spearphishing scam’

A strategy known as spearsphishing was used in the hacking incident that leaked the personal information of over 10 million consumers registered with e-commerce site Interpark, according to the ICT Mi...

Updated : 2016.08.31 15:35

[DECODED] Celltrion to face stiff competition in biosimilars business

South Korea’s Celltrion is one of the hottest companies to watch in the biopharmaceuticals world, with soaring share prices and rising expectations, but it may soon find itself being chased by compet...

Updated : 2016.08.31 15:29

LG Electronics focuses on premium appliances in Europe

LG Electronics is betting big on the European premium appliance market with its centum system technology, the company said Wednesday. Centum system is LG’s unique technology developed to raise home a...

Updated : 2016.08.31 15:27

NH joins hands with US M&A advisory firm to boost global competitiveness

NH Investment & Securities, the second-largest securities brokerage firm in Korea, will join hands with Evercore Partners, a leading independent mergers and acquisitions advisory firm, in order to boo...

Updated : 2016.08.31 15:26

S-Oil offers scholarship for children of deceased firefighters

Seventy children of firefighters who died while on duty received a total of 210 million won ($187,869) in scholarship funds from Korea’s third-largest oil refiner S-Oil to support their academic stud...

Updated : 2016.08.31 15:25

Posco completes first automotive steel plate plant in Thailand

RAYONG, Thailand -- Korea’s biggest steelmaker Posco on Wednesday completed its first automotive steel plate plant in Thailand as part of moves to expand the steel business in the Southeast Asian mar...

Updated : 2016.08.31 15:15