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New Woori Financial Holdings to expand nonbanking segment with M&As

Woori Bank formally adopts financial holding company structure, pledges immediate acquisition of asset management, real estate investment trusts and saving banks

Jan 14, 2019
Finance
Samsung’s AI strategy focuses on user trust, empowerment: Larry Heck

SILICON VALLEY, California -- Larry Heck is a renowned figure in Silicon Valley, spending 27 years working with the world’s leading tech moguls on bringing forward the era of artificial intelligence....

Jan 14, 2019
Technology
No more games on TV: Streaming services replacing TVs in sports broadcasts

Changing viewer trends, easier access boost streaming services’ presence in sports broadcasts; lack of funds, infrastructure remain major barriers

Jan 14, 2019
Technology
Samsung likely to open new AI centers in Switzerland, Germany this year

Amid its strong drive for artificial intelligence, Samsung Electronics is preparing to open new AI research centers, likely in Switzerland and Germany, this year, in addition to seven existing center...

Jan 14, 2019
Technology
South Korea’s wheeled excavators see high demand in China

South Korean heavy construction equipment makers such as Doosan Infracore and Hyundai Construction Equipment saw their sales of wheeled excavators rebound in China last year, following the recovery o...

Jan 14, 2019
Industry
[Photo News] Stylish water purifier

STYLISH WATER PURIFIER -- Models pose with water purifier maker Kyowon Wells’ new product Wells The One during its launch event held in Seoul on Monday. As the first in the industry, Wells The One ha...

Jan 14, 2019
Industry
Hyundai, Kia's US sales almost flat in 2018

Hyundai Motor Co. and its affiliate Kia Motors Corp. posted 0.6 percent on-year sales growth in the United States last year due to a slowing economy and a lack of competitive models, the companies sa...

Jan 14, 2019
Automode
Korea to continue efforts to boost lending for SMEs

South Korea will continue its efforts to encourage banks and other financial institutions to direct more loans to small and medium-sized enterprises, a senior financial regulator said Monday. Kim Yo...

Jan 14, 2019
Economy
President Moon to meet with leaders of top conglomerates

President Moon Jae-in will hold a meeting this week with the leaders of the country's largest businesses, the presidential office Cheong Wa Dae said Monday. The meeting will be held Tuesday at Cheon...

Jan 14, 2019
Economy
Pulmuone USA reports $88m in tofu sales

South Korean food company Pulmuone said its tofu sales in the US had reached $88 million last year, an on-year increase of about 11.1 percent. On the strength of growing consumer interest in the pro...

Jan 13, 2019
Industry
[News Focus] Provincial makgeolli gains popularity via e-commerce

SEJONG -- Makgeolli has drawn wide attention at home and abroad over the past few years after a research report claimed the Korean alcoholic drink from fermented rice’s anti-cancer effect is about 20...

Jan 13, 2019
Industry
[Photo News] SK chief Chey holds talks with employees

SK Group Chairman Chey Tae-won (right) held talks with his employees at lunchtime at the conglomerate’s office in Jongno, Seoul, Tuesday last week, the company said Sunday in a press release. (SK) ...

Jan 13, 2019
Industry
[Monitor] Foreign investors sell off $5.66b worth of Korean stocks, largest in 7 yrs

The value of South Korean stocks offloaded by foreign investors last year reached $5.66 billion, the largest in seven years, driven by US-China trade war and uncertainties tailing US interest rate hi...

Jan 13, 2019
Economy
[Management in Korea] Being comfortable with complexity: New requirement for leaders

Management in Korea is a regular column written by the members of Egon Zehnder Seoul, touching on various aspects of Korean enterprises and business leaders and offering management tips. -- Ed. More...

Jan 13, 2019
Industry
[Stock Preview] Prolonged US government shutdown, Brexit loom over Kospi

Trading of South Korean shares is projected to take place within a narrow range this week amid growing concerns about a prolonged US government shutdown and the impending Brexit vote in the UK, which...

Jan 13, 2019
Finance

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
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