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Hanwha Systems’ listing signals accelerating succession plan

Hanwha Group’s defense technology unit was listed Wednesday, suggesting that succession plans are being hastened and Chairman Kim Seung-youn is ready to hand over the reins to his sons. Hanwha Syste...

Nov 13, 2019
Finance
Asiana’s choice of HDC seen as a boon for Aekyung

Debt-ridden Asiana Airlines’ choice of a consortium led by Hyundai Development Company as its new owner -- one of the three bidders for a controlling 31 percent stake -- is a boon for Aekyung Group w...

Nov 13, 2019
Industry
S. Korea's key rate in new territory but not in trouble: BOK board member

The gap between South Korea's policy rate and that of the United States may have placed South Korea in unexplored territory, but the rate gap has yet to cause any serious problems for Asia's fourth-l...

Nov 13, 2019
Finance
Hyundai Heavy requests EU approval for DSME merger

Hyundai Heavy Industries submitted a request for formal approval from the European Union for its merger with Daewoo Shipbuilding & Marine Engineering, HHI said Wednesday. The EU, which is believed t...

Nov 13, 2019
Industry
South Korea embarks on large-scale oil hub project in Ulsan

South Korea is accelerating its oil hub project aimed at making Ulsan and Yeosu the center of petroleum trading in Northeast Asia, officials said Wednesday. The oil hub project in Northeast Asia beg...

Nov 13, 2019
Industry
Credit card firms entice e-shoppers ahead of Black Friday

With Black Friday falling in the US on Nov. 29, South Korea’s credit card operators are rolling up their sleeves to lure online shoppers with discounts and giveaways, industry data showed Wednesday. ...

Nov 13, 2019
Finance
S. Korea's economy likely to grow 2.3 % in 2020: KDI

South Korea's economy is expected to grow 2.3 percent in 2020, slightly higher than this year's estimated 2 percent expansion, on the back of a slight improvement in domestic demand and exports, the ...

Nov 13, 2019
Economy
S. Korea to build more smart factories to deal with demographic change

South Korea will build 30,000 smart factories and 10 smart industrial zones by 2022 as part of efforts to deal with a looming decline of the country's working-age population, the finance minister sai...

Nov 13, 2019
Economy
Seoul unveils plan to invigorate reverse mortgages for elderly homeowners

South Korea announced plans to kick-start the so-called reverse annuity mortgage market Wednesday in an effort to help support elderly homeowners financially. The measure, unveiled by a pan-governme...

Nov 13, 2019
Economy
Korea's jobless rate hits 6-year low in October, over 400,000 jobs created

South Korea's jobless rate hit a six-year low in October, and job additions came to 419,000 from a year earlier, data showed Wednesday. The unemployment rate fell 0.5 percentage point on-year to 3 p...

Nov 13, 2019
Economy
Primera ‘Let’s Love’ campaign benefits girls in Indian town

Primera, a skin care cosmetics brand under South Korean beauty giant Amorepacific, has launched a limited edition of its Mango Butter Comforting product line as part of its “Let’s Love” campaign. Th...

Nov 12, 2019
Industry
Samsung Electronics’ biggest trade union to launch this week

The fourth and biggest Samsung Electronics labor union will be launched under the Federation of Korean Trade Unions this week, industry sources said Tuesday. Breaking a 50-year streak of adherence t...

Nov 12, 2019
Technology
Banks not as top-heavy as conglomerates: data

The competition to join the C-suite is higher at major banks than at top-tier conglomerates such as Samsung Electronics and Hyundai Motor, data showed Tuesday. When it comes to the four major sector...

Nov 12, 2019
Industry
GS Caltex joins new oil futures exchange in Abu Dhabi

GS Caltex said Tuesday it is the first South Korean oil refiner to take part in the launch of ICE Futures Abu Dhabi, a new exchange in the United Arab Emirates. The company has signed a deal with In...

Nov 12, 2019
Industry
Posco launches premium construction steel brand

Posco announced Tuesday the launch of Innovilt, an integrated brand of its premium construction steel materials. The materials are used in buildings and other infrastructure projects. Posco said it...

Nov 12, 2019
Industry

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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