The Korea Herald > Business > Industry
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Hyundai Department Store announced Thursday that it would join the bid for a license to open a city duty-free store in Seoul, adding fuel to the fierce competition in the 3.2 trillion won ($2.9 billio...
Updated : 2015.01.29 22:03
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Ending years of efforts to find a new owner, Ssangyong Engineering & Construction signed an acquisition deal with the Investment Corporation of Dubai on Thursday. “The company’s credibility is expec...
Updated : 2015.01.29 22:02
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SK Telecom Co., the country’s top mobile operator, said Thursday its fourth-quarter net profit advanced 71.4 percent.Net profit came to 503.3 billion won ($465 million) in the October-December period, compared with 293.6 billion won tallied a year earlier, SK Telecom said in a regulatory ...
Updated : 2015.01.29 22:00
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Samsung C&T Corp., a construction and trading unit of Samsung Group, said Thursday its net profit grew 7.2 percent on-year in 2014 thanks to large overseas construction projects.Net profit came to 285.52 billion won ($261.01 million) last year, compared with the previous year’s 266.37 bil...
Updated : 2015.01.29 22:00
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Naver Corp., South Korea’s top Internet portal operator, on Thursday released weaker than expected fourth-quarter earnings, sending its stock price to a one-week low.Net income came to 134.5 billion won ($124.2 million) in the October-December period, more than doubling from 54.1 billion ...
Updated : 2015.01.29 22:00
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A Shilla Duty Free Shop in SeoulHotel Shilla on Thursday posted a record-breaking 2.9 trillion won ($2.7 billion) in sales in 2014, with an operating profit of 138.9 billion won.The figures were up 26...
Updated : 2015.01.29 22:00
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Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Thursday its net profit went up 10.1 percent from a year earlier, aided by increased production capacity and efforts to cut costs. Net profit came to 751.1 billion won ($687.32 million) last year, compared with the 682 billion won re...
Updated : 2015.01.29 22:00
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POSCO, South Korea’s largest steelmaker, has vowed to increase the sales of its premium products to 40 percent by next year from the current 30 percent, the company said Thursday.POSCO has aggressive...
Updated : 2015.01.29 21:37
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Samsung Electronics Co. and U.S.-based Apple Inc. sold the same number of smartphones in the fourth quarter of 2014, data from a market tracker showed Thursday, suggesting that the world's biggest maker of handsets may have been outperformed by its archrival for the first time in more than...
Updated : 2015.01.29 14:04
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South Korea's online shopping sales surged 20.1 percent on-year during the fourth quarter of 2014 with stellar growth in purchases through mobile gadgets, a government report showed Thursday.Total transactions during the three month period reached 12.74 trillion won (US$11.73 billion), up ...
Updated : 2015.01.29 12:57
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South Korea's two largest automakers - Hyundai Motor Co. and Kia Motors Corp. -- saw the ratio of their marketing spending to sales decline in recent years as they depended less on big price cuts to lure customers, industry data showed Thursday.According to the data, the two firms' ratio o...
Updated : 2015.01.29 10:00
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LG Group, the nation’s fourth-largest business conglomerate by assets, is cutting a fine figure in business circles as its major affiliates reaped huge profits despite the protracted global economic ...
Updated : 2015.01.28 22:30
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Steve R. DyerJapan Tobacco International named Steve R. Dyer as the new general manager of its Korean operation, JTI Korea said Wednesday. The South African-born executive will take over the helm on F...
Updated : 2015.01.28 22:25
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(Bloomberg)A consumer group has taken action against Starbucks Korea for failing to include the price of short size drinks on its menu, claiming the move is aimed at selling more expensive drinks.The ...
Updated : 2015.01.28 22:25
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GM Korea Co.’s crossover sport utility vehicle Trax has received the highest rating on safety by a U.S. agency, the company said Wednesday.The National Highway Traffic Safety Administration recently conducted a “new car assessment program” in which the Trax received the highest five-sta...
Updated : 2015.01.28 22:24
