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TV shopping channels look to exclusive brands

High-end fashion brands and home shopping channels are forming unlikely alliances as sales through more traditional routes continue to falter. While department stores have traditionally been the main ...

Updated : 2015.03.01 18:26

S. Korean car exports to Russia drop on weak ruble

South Korean car exports to Russia dropped sharply in January, mainly due to the weak ruble that made it unprofitable to sell cars in the country, a local trade association said Sunday.According to statistics provided by the Korea Automobile Manufacturers Association (KAMA) and local carma...

Updated : 2015.03.01 10:38

Restart of aging nuclear reactor sparks controversy

South Korea’s decision to extend the life of its second-oldest nuclear power plant until 2020 has triggered controversy, with residents and civic groups expressing concerns over its safety. The Nucle...

Updated : 2015.02.27 20:40

Hana Financial eyes more charity programs

Hana Financial Group is seeking ways to provide more contributions to society as its “Happy Box” program is drawing a positive response.The banking group carries out the “Happy Box” event as a per...

Updated : 2015.02.27 20:38

Shinsegae retracts proposal to buy control of S. Korea's No. 2 carrier

Shinsegae Group, South Korea's largest retail company, said Friday it has retracted its proposal to buy a controlling stake in a formerly debt-ridden local builder that could also have given it ownership of the country's No. 2 air carrier and other affiliates.  "As we have confirmed that...

Updated : 2015.02.27 15:54

Top utility firm KEPCO seeks to sharply cut debts

South Korea's state-run power company Korea Electric Power Corp. seeks to further reduce its debt ratio to a double-digit figure this year on increased earnings while also working to boost its own profit to over 2 trillion won ($1.82 billion), the company's president has said.  In a meet...

Updated : 2015.02.27 12:56

KITA calls for better business environment

Kim In-ho, the newly appointed CEO of the Korea International Trade Association, on Thursday asked for more government support for improving the local business environment. “These days, businessmen i...

Updated : 2015.02.26 21:06

Kumho heir named CEO of Asiana Abacus

Kumho Tire vice president Park Se-chang was named CEO of Asiana Abacus, a travel solutions and services provider, Kumho Asiana Group said Thursday. The 39-year-old executive, a son of Kumho Asiana Gro...

Updated : 2015.02.26 21:06

Hyundai Group chief included on ‘Asia Power Businesswomen’ list

Hyundai Group said that chairwoman Hyun Jeong-eun had made it onto the list of 50 “Asia Power Businesswomen” published by Forbes Asia on Thursday.Forbes wrote that “Hyun made a comeback in 2014, ra...

Updated : 2015.02.26 21:05

[Herald Interview] ‘Restaurant curation’ booms in Korea

So-called curated dining businesses, collections of famous restaurants under one roof, are catching on in Korea. According to the founders of Over the Dish, a Seoul-based restaurant curator, success i...

Updated : 2015.02.26 20:30

POSCO E&C set to face probe on slush fund charges

POSCO Engineering & Construction, the construction unit of South Korea's top steelmaker, POSCO, may face an investigation over slush funds created by its executives involved in projects in Vietnam, industry sources said Thursday.The South Korean builder confirmed news reports that some of ...

Updated : 2015.02.26 20:24

Samsung starts mass production of high-end flash memory for smartphones

South Korea's tech giant Samsung Electronics Co. said Thursday it has started mass production of an upgraded flash memory chip for smartphones with a high speed and a high capacity, which will help mobile devices run more stable.  Samsung claimed that the 128GB Universal Flash Storage fo...

Updated : 2015.02.26 09:36

Corporate earnings outlook still murky but major players to see improvement

The first-quarter earnings outlook for South Korea's listed firms remains cloudy due to economic uncertainties, such as a weaker Japanese yen, but major players are expected to see improvement in their bottom lines on their market dominance, data showed Thursday.  The combined operating ...

Updated : 2015.02.26 09:35

Hyundai E&C bags $212 mln construction deal in Singapore

South Korea's No. 2 builder Hyundai Engineering & Construction Co. said Thursday it has clinched a $211.46 million project to construct a commercial building in Singapore.   Under the deal with real estate developer Frasers Centrepoint, the South Korean company will build the Frasers Tow...

Updated : 2015.02.26 09:32

Lotte, Shilla vie for Jeju downtown duty-free shops

South Korean duty-free retailers Hotel Lotte and Hotel Shilla are competing again to open more stores, this time on the country's southern island of Jeju, which has become a business hotspot teeming with Chinese tourists who have proven to be zealous shoppers.  The two duty-free giants, ...

Updated : 2015.02.26 09:31