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The Korea Herald > Business > Industry

Korea's top shipbuilders clinch zero deals in April

South Korea's top three shipbuilders failed to clinch a single deal in April, industry data showed Saturday, casting concerns that the firms may roll out possible restructuring of their workforces.Local shipbuilders only managed to win five construction deals over the first four months of ...

Updated : 2016.04.30 12:23

Samsung keeps throne in Q1 LCD TV sales amid falling shipments

Samsung Electronics Co. stood as the No. 1 seller of liquid crystal display (LCD) televisions in the first quarter of 2016, data showed Saturday, despite its shipments plunging amid the rise of Chinese rivals.The South Korean tech giant sold 10.5 million units of LCD TVs in the January-Mar...

Updated : 2016.04.30 12:15

Asiana Airlines to sell non-core assets worth about 400 bln won

Asiana Airlines Inc., South Korea's second-largest flag carrier, said Friday that it decided to sell non-core assets worth about 400 billion won (US$351.1 million) as part of its efforts to strengthen...

Updated : 2016.04.29 20:19

Creditors to decide on Hanjin Shipping debt on May 4

Creditor banks of Hanjin Shipping will decide next week whether to restructure the company’s debt and initiate a corporate rehabilitation program, local reports said Friday. Seven lenders, led by st...

Updated : 2016.04.29 20:07

[EYE Interview] BAT Korea CEO confesses love for ‘dynamic Korea’

The chief executive of British American Tobacco Korea has some pretty firm beliefs on what should and should not be done. And one of the things that he believes should never be done is working on a we...

Updated : 2016.04.29 20:02

More self-made tech tycoons join billionaires’ club: Forbes

More self-made tech entrepreneurs are making it into the list of Korea’s 50 richest people, according to a report by Forbes magazine Wednesday. The report showed that 40 percent of the nation’s top ...

Updated : 2016.04.29 17:36

Seoul to issue four more duty-free licenses

(Yonhap)The South Korean government said Friday that it will issue four additional licenses to operate duty-free shops in Seoul in a bid to meet rising demand from Chinese tourists for non-taxable goo...

Updated : 2016.04.29 15:37

Shipyards' restructuring faces backlash from workers

Unionized workers of two major shipbuilders in South Korea are set on a collision course with top managers over how to restructure the embattled companies reeling from snowballing losses amid a longst...

Updated : 2016.04.29 13:54

‘Koreans need more color to housing’: Mendini says

Koreans who seek fulfillment in their lifestyle need to add more colors to their homes, said eminent Italian designer and architect Alessandro Mendini in an interview with The Korea Herald on Thursday...

Updated : 2016.04.28 17:58

Urban grannies: Sassy seniors emerge as key consumer group

Breaking the traditional image of senior citizens in Korea, a growing number of grannies are seeking sophisticated and elegant lifestyles as well as quality personal time of their own rather than bein...

Updated : 2016.04.28 16:40

[Consumer This Week] Ikea, McDonald’s, CNP Cosmetics

Ikea launches wireless charging furniture in KoreaIkea Korea has launched a wireless-charging furniture collection that lets users charge their smartphones simply by placing their devices on built-in ...

Updated : 2016.04.28 16:17

LS chairman seeks ideas for growth abroad

LS Group chairman Koo Cha-yol has made frequent overseas trips this month as part of his efforts to seek ideas for new growth engines, group officials said Thursday.The group is a Korean industrial gi...

Updated : 2016.04.28 15:20

Hanwha instills traditional values to children

Hanwha Group has made progress in instilling traditional values to children through its culture and arts education project Hanwha Art Plus, group officials said Thursday. Hanwha Art Plus is a cooperat...

Updated : 2016.04.28 14:57

Maeil Dairies offers farm experience in Gochang

Maeil Dairies Industry, South Korea’s leading manufacturer of dairy products, opened a new farm experience park in Gochang County, North Jeolla Province, last week, with the aim of promoting Korea’s...

Updated : 2016.04.28 14:54

Lighter, fizzier, fruitier: Alcohol trends for summer

Beer usually dominates the alcoholic beverage market in summer, but other alcoholic beverage manufacturers are hitting back this year with a slew of fruity, light, sparkling alternatives. The most vis...

Updated : 2016.04.28 14:43