Samsung to invest W17tr in smartphone chips, OLED

The Korea Herald > Business > Industry

Foreigners' duty-free shopping picking up again

Foreigners' local duty-free shopping has rebounded this year after a dismal drop last year from a contagious respiratory disease, data showed Friday, renewing interest in new licenses for the retail b...

Updated : 2016.07.29 10:10

Incheon's Songdo rising as mecca of drone industry

A west coast town in Incheon, filled with a variety of architectures inspired by global landmarks such as New York's Central Park and Sydney's Opera House, is turning into a mecca for the drone indust...

Updated : 2016.07.29 10:07

Korea's industrial output edges up 0.8% in June

South Korea's industrial output rose for the second straight month in June on the back of increased production in chips and chemical products, a government report showed Friday.Production in the minin...

Updated : 2016.07.29 10:06

Korea's manufacturing sentiment worsens for next month

South Korean manufacturers' business sentiments will remain weak next month as they expect no big improvement in domestic demand, central bank data showed Friday.The business survey index of manufactu...

Updated : 2016.07.29 09:59

Shinsegae named preferred bidder for running Coex Mall

[THE INVESTOR] Shinsegae Property, a subsidiary of E-Mart, was named the preferred bidder for rights to run Coex Mall over the next 10 years, Shinsegae Group said on July 29. Mainly, Shinsegae Pr...

Updated : 2016.07.29 09:11

[Photo News] CU opens Karaoke-style convenience store

KARAOKE CONVENIENCE STORE — South Korea’s leading convenience store chain CU has opened a new karaoke-style outlet in Hongdae, northwestern Seoul. The specialized CU store is housed on the first flo...

Updated : 2016.07.28 23:22

Vietnam Airlines recognized as 4-star airline

Vietnam Airlines, the largest carrier in Vietnam, was ranked as a four-star airline by British airline rating organization Skytrax, the airline said Thursday.Vietnam Airlines held an event on Tuesday ...

Updated : 2016.07.28 17:43

KEPCO under tax probe after 8 years

State-run Korea Electric Power Corp. is currently under a tax investigation as part of the government’s regular probe, sources said Thursday. This is the first time in eight years that the agency is ...

Updated : 2016.07.28 17:41

Sales of Hite-Jinro‘s plastic-bottled soju soar

Hite-Jinro said Thursday that its family-size plastic-bottled soju reached an all-time high of 10.5 percent in its total soju sales in the first half of this year.The nation’s largest beer and soju m...

Updated : 2016.07.28 17:39

Hyundai Heavy records ‘surprise’ profit, rivals likely to see losses

Hyundai Heavy Industries made a “surprise” operating profit in the second quarter of the year, but two other rival shipbuilders are projected to post losses, analysts said Thursday. Samsung Heavy In...

Updated : 2016.07.28 17:32

Mongolian customers mill at 1st E-mart

[THE INVESTOR] The first E-mart in Mongolia welcomed customers on July 28. The South Korean retail giant’s first discount chain opened in Ulaanbaatar, the first big box store in Mongolia. Instead of directly operating the outlet, E-mart has signed a contract with SKY Trading, a local dist...

Updated : 2016.07.28 17:22

Samsung Engineering Q2 operating profit falls 82%

[THE INVESTOR] Samsung Engineering, South Korea’s largest builder of engineering projects, posted on July 28 an 82.6 percent fall in second-quarter operating profit, struggling to recover from last y...

Updated : 2016.07.28 17:13

SMEs expect conditions to toughen in Aug.

[THE INVESTOR] South Korean SMEs are expecting a difficult August, survey showed on July 28.According to a survey conducted by the Korea Federation of SMEs, local SMEs projected a difficult August, putting the Small Business Health Index for August at 87.9 points. Small Business Health Ind...

Updated : 2016.07.28 17:02

Gov’t to offer tax break for hydrogen cars

[THE INVESTOR] The government announced July 28 it will provide up to 4 million won (US$ 3,557) tax reduction on hydrogen fuel cell vehicles until the end of 2019. Hyundai Motor`s fuel-cell Tucson ix...

Updated : 2016.07.28 15:03

LS Networks spins off Skechers

[THE INVESTOR] LS Networks will spin off its Skechers division, it announced on July 27. The new company, temporarily named Skechers Korea, will remain private and be solely devoted to import, distribution and sales of Skechers, a US footwear brand.The consumer goods affiliate of LS Group ...

Updated : 2016.07.28 14:59