S. Korea imposes travel ban on violence-ravaged Libya

The Korea Herald > Business > Industry

IFC may blacklist Korean builders over collusion

The International Finance Corporation, a private lending arm of the World Bank Group, may blacklist a number of Korean construction companies for fixing prices in bids for pork-barrel projects after r...

Updated : 2014.07.29 20:50

Korean Air introduces 10th A380 jumbo jet

Korean Air, the nation’s largest flag carrier, said Tuesday that its 10th A380 jumbo jet has arrived at Incheon International Airport.It will be adopted into the Incheon-Houston route starting Aug. 3. Since the introduction of the luxury double-decker aircraft in 2011, the company has enh...

Updated : 2014.07.29 20:48

Daewoo Shipbuilding inks consulting deal with British firm

Daewoo Shipbuilding & Marine Engineering, South Korea’s second-largest shipbuilder, said Tuesday it had signed a deal with a British defense company to provide production and management consulting services on naval vessels.Daewoo Shipbuilding will provide BAE Systems Surface Ships with a ...

Updated : 2014.07.29 20:47

Korea’s current account surplus slips in June

South Korea extended its current account surplus to a 28th consecutive month in June but saw the figure slip from the previous month as the surplus for goods narrowed, central bank data showed Tuesday.The current surplus reached $7.92 billion last month, compared with a revised $9.08 billi...

Updated : 2014.07.29 20:47

KT turns to net loss on falling returns

KT Corp. said Tuesday that it swung to a net loss in the second quarter from a year earlier, apparently due to falling returns from its traditional fixed-line business and expenditures from its restructuring program in April.The net loss came to 757.2 billion won ($738 million) in the Apri...

Updated : 2014.07.29 20:47

Hyundai Heavy swings to net loss in Q2

Hyundai Heavy Industries, the world’s largest shipbuilder, said Tuesday it swung to a net loss in the second quarter from a year ago mainly due to a reserve for expected loss from large-scale projects and the stronger home currency.Net loss came to 616.6 billion won ($601.7 million) in th...

Updated : 2014.07.29 20:47

Future unclear for Samsung bio business

Kim Byoung-jooPresident Park Geun-hye has reiterated that Korea’s future lies in building a creative economy, and the biopharmaceutical industry is often cited as a key pillar in such an economy. Out...

Updated : 2014.07.29 20:46

Association of mid-sized companies makes debut

A business association representing South Korean mid-sized firms made its debut as the Association of High Potential Enterprises of Korea on July 22 following the enforcement of a special law for cult...

Updated : 2014.07.29 20:44

Organica rolls out ‘3-day Super Cleanse’

Organica, a Korean premium organic whole food company, unveiled a three-day detox program with juice made with superfoods on Tuesday as part of its efforts to lead the nationwide juice cleanse trend.T...

Updated : 2014.07.29 19:38

[SUPER RICH] Buying and selling Korea

The wealth of the superrich can at times appear mindboggling to ordinary people. For this edition, The Korea Herald Special Investigative Team translated the wealth of the nation’s superrich into wha...

Updated : 2014.07.28 21:00

[SUPER RICH] Samsung heirs flaunt the Galaxy fashion

Executives of global tech giants are rapidly abandoning their strict dress code for more casual, trendier apparel as a means of conveying a more modern and creative message to the public.One such man ...

Updated : 2014.07.28 20:56

Starbucks to diversify, go upscale

Starbucks Korea on Monday announced that it will diversify its business portfolio, and that this will include becoming more luxurious and exclusive.Toward this end, the U.S.-based company that is argu...

Updated : 2014.07.28 20:53

Amway Korea steps up social contributions

Amway Korea, the Korean unit of the U.S.-based direct-sales giant, is ramping up efforts to give back to society with its social responsibility campaign Hope Vitamin, in celebration of its 11th annive...

Updated : 2014.07.28 20:52

KOGAS chief hosts communication session with employees

Korea Gas Corp. CEO Jang Seok-hyoKorea Gas Corp. CEO Jang Seok-hyo hosted a communication session with employees on Monday to explain the pending management issues, the company said on Monday. The mov...

Updated : 2014.07.28 20:51

Hyundai Mobis to build car lamp plant in Czech Republic

Hyundai Mobis, South Korea’s largest auto parts maker, said on Sunday that it would invest 95 million euros ($127 million) to build a car lamp factory in the Czech Republic.The factory near Ostrava will have an annual capacity to produce head and rear lamps for 750,000 vehicles of its par...

Updated : 2014.07.27 19:42