N.K. hostilities appear designed to gain leverage

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[SUPER RICH] Hyundai Heavy shifting to third-generation ownership

In an effort to create a sense of urgency for change, Hyundai Heavy Industries, the world’s largest shipbuilder, is moving toward a generational shift in its ownership. Last Thursday, the shipbuilder...

Updated : 2014.10.20 21:03

Siemens chief meets prime minister

The chief executive officer of Siemens, Joe Kaeser, met Prime Minister Chung Hong-won, in Seoul, to discuss ways to bolster economic cooperation Monday. Kaeser, who is in Korea on an official visit, m...

Updated : 2014.10.20 20:56

Agriculture Ministry partners with Portuguese food association

South Korea’s Agriculture Ministry said Monday that it had partnered up with PortugalFoods, a Portuguese food association, at SIAL Paris 2014, an international food exhibition being held in Paris fro...

Updated : 2014.10.20 20:55

Gasoline-driven import cars recover lost ground against diesels

Gasoline-driven import cars that have been sidestepped by the popularity of their diesel siblings in South Korea made a comeback in September by capturing a 30 percent share of sales, industry sources said Monday.Data by the Korea Automobile Importers and Distributors Association showed th...

Updated : 2014.10.20 20:54

LSIS spearheads technology for railroad control systems

South Korean cable-maker LSIS said it had secured a global safety-related certification for its newly developed system for controlling unmanned trains, dubbed the Korean radio-based train control system. The cable-maker said the KRTCS had been awarded the international safety and reliabili...

Updated : 2014.10.20 20:54

Korean firms spending big on stake purchases

South Korean firms have increased spending on purchasing stakes in affiliated firms and other companies this year, seeking mergers and acquisitions to realign their business portfolios, the main bourse operator said Monday. Companies listed on the local stock market spent a total of 12.19 ...

Updated : 2014.10.20 20:54

Korea’s international air traffic grows 9.1% in Q3

South Korea’s international airline traffic rose 9.1 percent from a year earlier in the third quarter, partly on a rise in the number of flights to and from China, the government said Monday.In the three months ended Sept. 30, the number of international flights to and from South Korea ca...

Updated : 2014.10.20 20:54

Hyundai Motor launches updated Sante Fe 2015 in home market

Hyundai Motor Co. on Monday launched the updated 2015 Sante Fe midsize crossover, the latest version of one of the carmaker's steady sellers, in its home market.The popular SUV comes with an optional tire pressure monitoring system (TPMS), smart tailgate, a 220-volt inverter to recharge va...

Updated : 2014.10.20 15:20

Gasoline-driven import cars recover lost ground against diesels

Gasoline-driven import cars that have been sidestepped by the popularity of their diesel siblings in South Korea made a comeback in September by capturing a 30 percent share of sales, industry sources said Monday.Data by the Korea Automobile Importers and Distributors Association (KAIDA) s...

Updated : 2014.10.20 12:17

[Herald Interview] Saudi Arabia to benchmark Korea’s transport systems

A top official of Saudi Arabia’s capital city of Riyadh said that he would like his country to adopt Korea’s smart transportation system, which was unlike anything he has seen before. “I was impres...

Updated : 2014.10.19 20:54

Stocks of top Hyundai Motor Group units plummet

The combined stock value of Hyundai Motor Group’s three top affiliates plummeted by just under 19 trillion won ($17.8 billion) on shaky performances and the purchase of a pricey land lot in southern Seoul, market watchers said Sunday.According to the Korea Exchange and market researcher F...

Updated : 2014.10.19 20:54

Korea wins bid to host 2021 global gas gathering

Korea has successfully attracted the 2021 World Gas Conference to Daegu through a vote at the International Gas Union, state-run Korea Gas Corp. said in a press release on Friday. Norway, China and Russia had competed against the country to win the bid for the triennial gas industry gather...

Updated : 2014.10.17 21:25

Concerns rise over runway safety at Gimpo Airport

Gimpo International Airport, a major gateway to Seoul, has been compromising the safety of users by allowing trainee-operated planes to run on the same runway for passenger jets, a lawmaker said Frida...

Updated : 2014.10.17 21:24

Seoul shares fall sharply

South Korean stocks fell sharply Friday as lack of market confidence in the global economy caused jittery foreign investors to offload holdings. The local currency fell against the U.S. dollar. Starting the day on the plus side, the benchmark Korea Composite Stock Price Index soon lost gro...

Updated : 2014.10.17 21:23

GS Group sets eye on Indonesian market

GS Group, one of the top 10 conglomerates in Korea focusing on energy, construction and retail businesses, said Thursday it has finished hosting its fourth overseas CEO meeting in Indonesia on Wednesd...

Updated : 2014.10.16 20:53