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Asiana Airlines continues upscale push with A380

The Asiana 380 special editionAsiana Airlines on Friday held a launch event for its second A380 jumbo jet at Incheon International Airport, following the acquisition of its first in May. “With the ta...

Updated : 2014.07.25 21:45

Kakao to launch mobile news service

Kakao Corp., the operator of Korea’s most-used mobile messenger Kakao Talk, is scheduled to launch a news content service later this year.“We plan to start offering news content that collects and shows information from news, blogs and social networking services. For this, the company is ...

Updated : 2014.07.25 21:39

Daewoo E&C’s earnings jump on housing orders

Daewoo Engineering & Construction, a leading South Korean builder, achieved a better-than-expected 95.7 billion won ($92.9 million) in net earnings in the first half of this year, an 18 percent increase from the same period a year ago, the company said on Friday. Daewoo logged 222.5 billio...

Updated : 2014.07.25 21:39

Hyundai E&C’s net earnings surge 20.8% in Q2

Hyundai Engineering and Construction, the nation’s top builder, said Friday its net earnings for the second quarter surged 20.8 percent on-year to 156.9 billion won ($152.1 million), helped by the start of large-scale overseas projects.Operating profit soared 39.3 percent to 279.6 billion...

Updated : 2014.07.25 21:38

Kia Motors’ net profit plunges 13.3% in Q2

Kia Motors Corp., South Korea’s No. 2 automaker, said Friday its net income for the second quarter plunged 13.3 percent on-year to 1.02 trillion won ($988 million), due to unfavorable exchange rates that offset gains in the total number of cars it sold. Operating profit also nosedived 31....

Updated : 2014.07.25 21:37

SK Innovation Q2 net income falls to red

SK Innovation, the holding company of SK Group’s energy units, including SK Energy, said Friday its net income swung to the red from a year earlier due to a weak refining margin and foreign exchange losses.Net loss reached 23 billion won ($22.33 million) in the April-June period compared ...

Updated : 2014.07.25 21:37

Businesses object to cash reserve tax

A local corporate lobby on Thursday expressed deep concerns about a controversial plan unveiled by new Finance Minister Choi Kyung-hwan to tax companies’ cash reserves as part of a bigger blueprint to help revive the economy. “The corporate sector agrees with the government’s new polici...

Updated : 2014.07.24 21:10

Hanwha E&C completes world’s largest domed arena

Philippines President Benigno Simeon Cojuangco Aquino III (on screen) on Monday delivers a congratulatory speech during a ceremony celebrating the completion of the Philippines Arena built by Hanwha E...

Updated : 2014.07.24 21:09

Ssangyong Motor strikes wage deal

Ssangyong Motor Co., the local unit of Indian sport utility vehicle maker Mahindra & Mahindra, said Thursday that its management and union have agreed to raise wages and count regular bonuses as ordinary wages, the first South Korean carmaker to do so this year.The carmaker said the agreem...

Updated : 2014.07.24 21:08

POSCO’s net profit doubles in second quarter

POSCO, South Korea’s top steelmaker, said Thursday its second-quarter net income more than doubled from a year ago, mainly due to better earnings from its foreign operations. Net profit stood at 487 billion won ($474.8 million) in the April-June period, up 102 percent compared to 241 bill...

Updated : 2014.07.24 21:07

What is Hydro Asia?

Hydro Asia is the largest regional meeting to discuss water issues on an academic level. The event has been held in Korea since 2007 and K-water took over hosting the regional event from 2014. The event originates from Hydro Europe, created by the University of Nice in France, which implem...

Updated : 2014.07.24 21:03

[Herald Interview] Hydro Asia 2014 highlights climate change and water issues

Climate change is emerging as a critical factor in the development of a sustainable water management model as many countries across the world have suffered from various water-related natural disasters...

Updated : 2014.07.24 21:03

Preparing for worst saves lives: flood expert

People working on water management issues should always assume and prepare for the worst when it comes to natural disasters and climate change, according to Philippe Gourbesville, the director of Poly...

Updated : 2014.07.24 21:02

Paris Baguette opens first store in Paris

SPC Group’s bakery brand Paris Baguette landed in Paris on Wednesday with hopes of wooing French customers in their home country. The new store, named Paris Baguette Chatelet, is located near the Pon...

Updated : 2014.07.23 23:26

Windshield navigation may become a reality

Displaying navigation information on car windshields may become reality in about a decade, according to a local display expert. “If thin, transparent and curved display panels could be attached to a ...

Updated : 2014.07.23 19:48