Sewol ferry safely placed on semisubmersible ship

The Korea Herald > Business > Industry

Doosan Heavy bags W300b deal to upgrade Indonesian power plant

Doosan Heavy Industries & Construction Co., South Korea's top power equipment maker, said Thursday that it has bagged a 300 billion-won ($262 million) deal to upgrade an existing power plant in Indon...

Updated : 2017.03.14 14:06

Korea’s most populous province to turn EV-friendly

Gyeonggi Province, Korea’s most populous province, rolled out a plan Monday to support buyers of electric vehicles. Starting from June 13, those who purchase EVs in the province will receive a subs...

Updated : 2017.03.14 13:50

Prosecutors look into Samsung's alleged payoff over compromising videos of chairman

Prosecutors are looking into a suspicious money transaction between Samsung Group and those suspected to have recorded compromising videos of Samsung Electronics Co. Chairman Lee Kun-hee, prosecution...

Updated : 2017.03.14 13:33

Big sponge cakes in dispute over ingredients

Shops selling what is called “giant sponge cakes” are in hot water over their usage of allegedly harmful ingredients, fanning complaints among Korean customers. Big sponge cake (Yonhap) A local T...

Updated : 2017.03.14 13:23

Kumho Asiana vows legal action over failed attempt to buy back Kumho Tire

South Korea's logistics giant Kumho Asiana Group said Tuesday it will take legal action against creditors of Kumho Tire Co. for denying its right to buy back the former affiliate. "Kumho Asiana Grou...

Updated : 2017.03.14 11:48

KT&G enjoys high profitability due to strong demand abroad

KT&G Corp., South Korea's largest tobacco product manufacturer, said Tuesday it posted solid profitability last year due to growing demand abroad despite falling domestic consumption. The company sa...

Updated : 2017.03.14 11:46

Kia, Hyundai ramp up sports marketing in US

South Korea's No. 2 carmaker Kia Motors Corp. and its larger affiliate Hyundai Motor Co. have been ramping up efforts to boost their brand recognition in the United States by sporing major golf tourn...

Updated : 2017.03.14 09:34

Refiners set to deliver big dividends on stellar earnings

South Korea's major oil refiners plan to sharply jack up dividend payments to shareholders on the back of their stellar performances last year, industry sources said Tuesday. According to the source...

Updated : 2017.03.14 09:14

Major shipyards have no big hiring plans for H1

South Korea's three major shipbuilders plan to hire only a handful of workers in the first half of this year amid a prolonged slump and the ongoing industrywide restructuring drive, sources said Tues...

Updated : 2017.03.14 09:11

Cigarette sales drop 3 straight months

Cigarette sales have dropped for three consecutive months, likely linked to the government’s move to put graphic warnings on cigarette packs, according to data Monday. South Koreans purchased some ...

Updated : 2017.03.13 18:30

Hyundai Engineering seals W3.8tr power plant deal in Iran

Hyundai Engineering has finalized a deal worth 3.8 trillion won ($3.2 billion) with Ahdaf Investment Company for the construction of the second phase of a refining complex in Iran, the Korean company...

Updated : 2017.03.13 18:19

Posco, GE chiefs discuss future of manufacturing

Posco Chairman Kwon Oh-joon met GE Chairman Jeffrey Immelt on Monday to discuss ways to add smart features to its major businesses including steelmaking. Kwon was meeting the GE chief who was in Seo...

Updated : 2017.03.13 18:02

Hae Cheon conducts first submarine cable burial machine test

Hae Cheon, an underwater construction and cable-laying machine maker, has conducted Korea’s first-ever test run of a submarine cable burial, the company said Monday. A submarine cable is installed ...

Updated : 2017.03.13 17:51

Construction firms' domestic orders gain 26.4% in Jan.

South Korean construction companies' domestic orders increased 26.4 percent in January from a year earlier, aided by a boom in the local housing market, industry data showed on Monday. According to ...

Updated : 2017.03.13 17:38

Samsung offers earlier peek of S8 as LG off to good start

With its rival LG Electronics’ new flagship smartphone G6 off to smooth sales, Samsung Electronics has made a rare move to release an ad for the Galaxy S8 on TV three weeks ahead of its official lau...

Updated : 2017.03.13 17:07