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NPS votes against Hanjin, SK chairmen's board reappointment

South Korea’s state pension operator on Tuesday decided to vote against Hanjin Group and SK Group’s chairmen continuing their terms, citing concerns of possible damage to corporate value and infringe...

Mar 26, 2019
Industry
South Korea sets aside W16tr for R&D on key technologies

South Korea is slated to invest around 16 trillion won ($14 billion) in research and development for 100 key technologies over the next five years in its push to become a global technology powerhouse...

Mar 26, 2019
Industry
Posco chairman visits plants in Southeast Asia

Posco Chairman Choi Jeong-woo chose Southeast Asia for his first overseas trip since taking office last year. According to the Korean steelmaker, Choi left for Indonesia on Monday to visit Krakatau ...

Mar 26, 2019
Industry
Daewoo E&C to resolve electricity problem in Libya

The Libyan government signed on with South Korea’ Daewoo Engineering & Construction to build a power plant that will alleviate electricity woes in the country, Daewoo E&C said Tuesday. The company s...

Mar 26, 2019
Industry
Celltrion CEO vows annual sales profit of W30tr as early as 2027

Celltrion CEO Seo Jeong-jin said at a shareholders meeting Tuesday that his company could reach 30 trillion won ($26.5 billion) in sales as soon as 2027. For 2020, he suggested a figure of 5 trillion...

Mar 26, 2019
Industry
Lotte Duty makes inroads into Australia, NZ

Retail giant raises overseas sales target to W1tr by 2020, eyes more M&As for expansion

Mar 25, 2019
Industry
[Photo News] Second-tallest building in Korea

The frameworks for Haeundae LCT The Sharp, a major urban development project involving two 85-story residential towers, and a 101-story tower overlooking Busan’s Haeundae Beach, have been completed, ...

Mar 25, 2019
Industry
South Korea prepares for international renewable energy conference

The South Korean government held a general meeting Monday to prepare for the 2019 International Renewable Energy Conference that will take place in October in Seoul. 123rf The Ministry of Trade, In...

Mar 25, 2019
Industry
HHI-DSME merger faces bumpy road ahead

Hyundai Heavy Industries faces many obstacles to acquire state-funded Daewoo Shipbuilding & Marine Engineering as it has to win approval from around 30 nations, including its Asian rivals and Europea...

Mar 25, 2019
Industry
Amorepacific hosts yearly marathon for breast cancer awareness

South Korean cosmetic giant Amorepacific hosted its yearly marathon in Busan on Sunday, seeking to raise public awareness on breast cancer. With some 5,000 participants, the event consisted of a thr...

Mar 24, 2019
Industry
GS E&C develops ‘Korea’s first’ ventilated air purifier system

South Korea’s leading builder GS Engineering & Construction Corp. has developed South Korea’s first built-in air purifying and ventilating system, named Sys Clein, to be installed in apartments and a...

Mar 24, 2019
Industry
[News Analysis] Overcoming Elliott hurdle, Hyundai heir tightens grip over W220tr empire

In a crushing victory over US hedge fund, Chung cements his leadership -- but is a bigger battle ahead?

Mar 24, 2019
Industry
Korea widens tax evasion crackdown on ‘Seungri scandal’

South Korea’s tax authorities have launched an industrywide tax evasion probe into local entertainment and nightclub businesses, fueled by scores of allegations surrounding K-pop star Seungri’s sex b...

Mar 24, 2019
Industry
S. Korea aims to become No. 4 robotics player by 2023

South Korea plans to turn the nation’s robotics technology into a 15 trillion-won ($13.3 billion) industry, with the aim of becoming the fourth-largest player in the world by 2023. “Traditional manu...

Mar 22, 2019
Industry
Samsung Biologics claims legality of accounting, vows future growth

SONGDO -- Samsung Biologics President and CEO Kim Tae-han on Friday reiterated the legality of the firm’s accounting practices at an annual shareholders meeting held in Songdo, Gyeonggi Province. “W...

Mar 22, 2019
Industry

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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