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The Korea Herald > Business > Industry

Southwest gets faster rail service

A new high-speed KTX train service that links Seoul and the nation’s southwestern region was launched Wednesday, amid anticipation that it will help balance development between the regions with short...

Updated : 2015.04.01 20:27

Saudi oil tycoons to explore ties with Korea

Saudi Arabia will seek to strengthen cooperation with South Korea when its top government and business leaders visit Seoul later this month, industry sources said Wednesday.Sources said the Saudi oil ...

Updated : 2015.04.01 20:07

Korea tightens cockpit rules after Alps crash

Korean airplanes will have two crew members in their cockpit after a German plane crashed in the French Alps last week, officials in Seoul said Wednesday.The Transport Ministry said it revised an aviation security-related rule so that two people must be present in the cockpit at all times....

Updated : 2015.04.01 20:06

(Photo News) Launching new KTX line

President Park Geun-hye delivers a congratulatory speech at the launching ceremony of the new high-speed KTX Honam line at Songjeong Station in Gwangju on Wednesday. (Yonhap)

Updated : 2015.04.01 20:04

S. Korean car sales grow 1.5 pct in March

Sales by automakers in South Korea grew in March for the first time this year, raising hopes that demand might be picking up both at home and abroad, industry data showed Wednesday.The combined sales of the five local automakers came to 801,997 units last month, up 1.5 percent from the pre...

Updated : 2015.04.01 17:00

Kia Motors' March sales gain 1.8 pct

Kia Motors Corp., South Korea's second-largest automaker, said Monday its sales gained 1.8 percent in March from a year earlier thanks in part to strong demand for its SUVs at home and abroad.Kia Motors said in a press release that it sold 276,656 cars last month, up from 271,710 vehicles ...

Updated : 2015.04.01 14:13

LS Cable wins Irish cable contract

LS Cable & System, Korea’s largest power cable maker, said Tuesday it had secured the exclusive right to supply 220 kilovolt-power transmission cables to ESB Networks, an Irish national power company. “It is a meaningful contract because the Korean cable maker won the contract by defeati...

Updated : 2015.03.31 20:52

[SUPER RICH] Superrich’s meetings with the president

Meeting the president is a pivotal moment for the superrich anywhere in the world. A look at various such meetings shows different moods and mannerisms of the superrich and presidents.In South Korea, ...

Updated : 2015.03.31 19:58

[SUPER RICH] Orion chairman seeks to reclaim past glory in Chinese film market

Showbox Mediaplex, the film-making arm of Orion Group, the nation’s second-biggest snack-maker, made headlines on March 25 when the company announced its expansion to China by signing an exclusive pa...

Updated : 2015.03.31 19:52

Samsung C&T faces Vietnamese investigation

Samsung C&T is being probed by Vietnamese authorities over an accident at a construction site that left 13 workers dead and dozens injured, company officials said Tuesday.Vietnamese police banned several Samsung C&T employees from leaving the country amid an investigation into a scaffoldin...

Updated : 2015.03.31 19:46

LS sets up day care center for employees

LS Group has set up a daycare center near the LS Tower in Anyang, Gyeonggi province, for group employees who are parents.The daycare center comprises 688 square meters across two levels. It has four c...

Updated : 2015.03.31 19:40

Herald Corp. marks 10 years of growth

Herald Corp., the publisher of The Korea Herald, on Tuesday paid out dividends of 500 won ($0.45) per share for the first time since the company was established.Under the management of Jungwook Hong, ...

Updated : 2015.03.31 19:40

KORAIL to launch Seoul-Pohang KTX

A new high-speed KTX train service connecting Seoul and Pohang in North Gyeongsang Province will launch Thursday, according to the Korea Railroad Corp.The new KTX train will transport passengers between Seoul and Pohang in roughly two hours and 30 minutes, cutting the travel time by train ...

Updated : 2015.03.31 19:38

Hyundai Motor chief tops in executive pay ranking

Hyundai Motor Group chairman Chung Mong-koo topped in the nation’s 2014 executive pay ranking with a salary of 21.6 billion won ($20 million), according to a financial regulatory filing released on T...

Updated : 2015.03.31 19:18

Korean Air's brand value plunges after 'nut rage' incident

South Korea's No. 1 air carrier Korean Air Lines Co. saw its local brand value nosedive this year following last year's "nut rage" case that outraged the nation's public, a survey showed Tuesday.Brandstock, a South Korean market researcher that determines rankings of the top 100 local bran...

Updated : 2015.03.31 16:11