Competition heats up for tanker procurement deal

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One-third of fisheries imports coming from China

One-third of South Korea’s fisheries imports up to September this year were from China, a study said Sunday, adding the figure is expected to further increase when a bilateral trade deal takes effect.The tally by the Korea Maritime Institute showed Korea imported some 959,000 tons of fish...

Updated : 2014.11.23 21:13

Samsung loses market share in mobile phones, TVs

Samsung Electronics’ global presence in mobile phones and high-end TVs declined in the third quarter while its market share in DRAMs and displays rose, industry data showed Sunday.Analysis of quarterly reports released by the tech company showed Samsung’s market share in the IT mobile se...

Updated : 2014.11.23 21:13

[Herald Interview] Finnair to halve carbon emissions by 2050

Finnair, the flagship carrier of Finland, on Thursday said it will go carbon neutral by 2020 and halve its carbon emissions by 2050.In an aggressive attempt to make its operations greener, the company...

Updated : 2014.11.23 21:12

S. Korean car market to grow 2% in 2015

South Korea’s automobile market will grow 2 percent on-year to record-high sales of 1.65 million units in 2015, a report by the Korea Automotive Research Institute showed Sunday.The research arm of Hyundai Motor Group said next year’s car sales will surpass the 1.64 million cars sold in ...

Updated : 2014.11.23 21:12

S. Korean car market to grow 2 pct to record high 1.65 mln units

South Korea's automobile market will grow 2 percent on-year to record-high sales of 1.65 million units in 2015, a report by the Korea Automotive Research Institute (KARI) showed Sunday.The research arm of Hyundai Motor Group, the world's fifth-largest automotive conglomerate, said next yea...

Updated : 2014.11.23 10:48

Hyundai Genesis, Kia K900 win U.S. luxury car awards

Hyundai Motor Co.’s Genesis premium sedan and Kia Motors Corp.’s K900 flagship won automotive awards for excellence at this year’s Los Angeles Auto Show, the two companies said Thursday.The cars that started reaching the North American market this year have been getting positive coverag...

Updated : 2014.11.21 21:30

McDonald’s Korea opens up kitchen

McDonald’s Korea has flung open the doors of its kitchen to assure consumers that fast food can indeed be made in a healthy way.Starting Friday, the Korean unit of the global fast-food chain held its...

Updated : 2014.11.21 21:30

Hyundai, Kia to provide 162 cars for upcoming ASEAN-Korea summit

Hyundai Motor Co. and its corporate cousin Kia Motors Corp. will supply 162 cars for the upcoming ASEAN-Korea Commemorative Summit meeting set to take place next month, organizers for the event said Friday. The summit, to be held in Busan, aims to celebrate 25 years of constructive dialogu...

Updated : 2014.11.21 21:28

People-focused design shapes offices of future

Improving performance has been the top priority for organizations all over the world, and solutions vary accordingly. “Workplace design has emerged as an important factor affecting the performance of...

Updated : 2014.11.21 21:23

New KB Financial chairman vows to restore confidence

The new chairman of beleaguered KB Financial Group Co. vowed Friday to earn a new reputation for the country's second-largest banking group by restoring consumer confidence and diversifying its business portfolio. "KB Financial had led the South Korean financial industry a decade ago, but...

Updated : 2014.11.21 17:02

Sales bid for Pantech fails

The auction to sell South Korea's No. 3 smartphone maker Pantech Co. failed again Friday from a lack of bidders, the sale manager said, casting a cloud over the company's normalization.Samgjong KPMG said there were no bidders to acquire the troubled firm, although a handful of tech firms f...

Updated : 2014.11.21 16:21

Hyundai, Kia to provide 162 cars for upcoming ASEAN-Korea summit

Hyundai Motor Co. and its corporate cousin Kia Motors Corp. will supply 162 cars for the upcoming ASEAN-Korea Commemorative Summit meeting set to take place next month, organizers for the event said Friday. The summit to be held in South Korea's largest sea port of Busan, located 453 kilo...

Updated : 2014.11.21 13:34

Samsung wins over more than half of mobile DRAM market on Apple supply

South Korea's Samsung Electronics Co. dominated more than half of the global market for dynamic random access memory (DRAM) chips in the third quarter this year, data showed Friday, apparently helped by the resumption of its supply to Apple Inc. Samsung's revenue in mobile DRAM products c...

Updated : 2014.11.21 10:56

Hyundai Genesis, Kia K900 win U.S. luxury car awards

Hyundai Motor Co.'s Genesis premium sedan and Kia Motors Corp.'s K900 flagship won automotive awards for excellence at this year's Los Angeles Auto Show, the two companies said Thursday.The cars that started reaching the North American market this year have been getting positive coverage f...

Updated : 2014.11.21 10:30

Samsung Group stock funds rebound in Nov. on reshuffle hope

Investors took their money to securities funds that follow Samsung Group stocks this month as the group's flagship unit, Samsung Electronics Co., clawed back and listing of a key IT affiliate refueled expectations of the top conglomerate's restructuring, data showed Friday. A net 244.8 bi...

Updated : 2014.11.21 09:51