N. Korea's Kim fires party officials

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Hyundai, Kia suffer setback from Chinese rivals

Hyundai Motor Co., South Korea's top automaker, and its sister firm Kia Motors Corp. lagged far behind Chinese rivals in the world's No. 1 auto market during the first seven months of the year, industry data showed Friday.Hyundai Motor sold 564,389 units in the Chinese auto market in the J...

Updated : 2015.08.28 09:17

Cafe24, Rakuten to work together to help Korean vendors enter Japan

Takahashi Masato (left), managing executive officer at Rakuten Ichiba, and SimpleX CEO Lee Jae-suk speak at a press conference on Wednesday in Yeouido, Seoul. Cafe24Online merchants in Korea will be a...

Updated : 2015.08.27 20:28

Young talents compete for Hanwha Science Challenge

By Park Han-na Some 30 teams of Korean students vied for the top spot in a science competition hosted by Hanwha Group on Thursday. The “Hanwha Science Challenge” contest, which aims to help youngsters develop a wider understanding of energy, bio, climate change and water, was held at the...

Updated : 2015.08.27 18:22

Incheon Airport exports management knowhow

The Incheon International Airport Corp. is expanding its management consulting business for airports overseas as a new income source. The operator of the nation’s main international gateway said Wedn...

Updated : 2015.08.27 18:15

[Herald Interview] KFS praises civic, business participation

The urban forest project carried out by the Korea Forest Service has sought participation from citizens and businesses to realize the plan, according to a senior government official. According to data...

Updated : 2015.08.27 18:03

KOMIPO seeks to turn Boryeong, Seocheon into global energy hub

Korea Midland Power Co., one of six power generation affiliates of the state-run Korea Electric Power Corp., is looking to transform the cities of Boryeong and Seocheon into the global energy hub of S...

Updated : 2015.08.27 17:49

German business leaders discuss Korea’s economic outlook

 More than 100 high-ranking German business leaders came together in Seoul on Thursday to discuss and share insights on South Korea’s economic trends and outlook for this year.   At the 2015 semia...

Updated : 2015.08.27 17:43

Trade commission recommends anti-dumping duties on Indonesian ethyl acetate

South Korea's trade commission said Thursday that it has recommended imposing punitive duties on ethyl acetate imports from Indonesia while also advising the finance ministry to extend the country's existing anti-dumping duties on imports from three other countries, including China.Followi...

Updated : 2015.08.27 14:22

ODIGAMOM, online retailer behind luxury baby bottle MAMACHI

MAMACHI, known as the “Chanel” or “Gangnam-style” of baby bottles, is a must-have item among expecting mothers.The bottle first found fame in their Los Angeles store before making its way to Korea...

Updated : 2015.08.27 14:18

S. Korean firms inactive in overseas M&As

South Korean companies are less active in overseas mergers and acquisitions (M&As) than their counterparts in other countries since they involve huge funds and high risks, a report showed Thursday.Local companies spent a total of 51.2 trillion won ($43.2 billion) to acquire or merge with o...

Updated : 2015.08.27 10:01

Hyundai, Kia's overseas output drops to 3-year low in July

Overseas production by South Korea's leading carmaker Hyundai Motor Co. and its corporate cousin Kia Motors Corp. dropped to a three-year low last month, dragged down by the plunge in output at their plants in China, data showed Thursday. The combined number of cars produced by the duo at ...

Updated : 2015.08.27 09:29

Starbucks introduces Cleanse Salads

Organica’s Quinoa & Chicken SaladStarbucks Coffee Korea on Wednesday announced that it would introduce Cleanse Salads featuring a healthy mixture of vegetables and grains, at more than 800 outlets ac...

Updated : 2015.08.26 18:48

SK Group chairman extends ‘field management’ to China

SK Group chairman Chey Tae-won turned his eyes to overseas businesses in the course of retaking his grip on the nation’s third-largest conglomerate, whose key businesses are energy, telecom and semiconductors. According to the group, the chairman flew to China on Wednesday after wrapping ...

Updated : 2015.08.26 18:09

[Newsmaker] POSCO leads change in labor relations

 The much disputed peak wage system may be gaining more momentum with the steelmaker POSCO and its union agreeing to expand its use. Although the system is intended to increase corporations’ capacit...

Updated : 2015.08.26 17:52

Common Ground achieves W10b profits

“Common Ground,” a niche shopping mall in Seoul, has achieved profits of 10 billion won ($8.4 million), company officials said.Common Ground was launched in April by Kolon Industries. Kolon decided ...

Updated : 2015.08.26 17:40