China’s top 3 smartphone makers catching up with Samsung

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MCM to launch new perfume line

Global luxury brand MCM was set to launch a series of unisex perfumes as part of its Infinite Collection on Friday, pushing forward its plans to expand in the lifestyle category. Under the theme “T...

Updated : 2017.04.27 12:54

Hyundai Heavy Q1 net almost doubles

Hyundai Heavy Industries Co., a major shipyard here, said Thursday that its first-quarter earnings almost doubled from a year earlier on cost-cutting efforts and the delivery of high-priced ships. N...

Updated : 2017.04.27 12:31

Samsung Electronics’operating profit up 50 percent in Q1

Samsung Electronics said Thursday it had posted 9.9 trillion won ($8.7 billion) in operating income in the first quarter, recording a nearly 50 percent on-year jump. The tech giant is forecast to pos...

Updated : 2017.04.27 11:26

Think tank proposes taxation change for offshore companies to bring profits home

South Korean companies operating overseas have low domestic dividend payment rates compared to other international firms, and one way to fix the problem is to change the taxation rule, a think tank s...

Updated : 2017.04.27 10:14

Samsung rejects Elliott’s demand to create holding company

Samsung Electronics said Thursday it would not create a holding company, rejecting demands from activist hedge fund Elliott Management to reshape its corporate structure. “After conducting a compre...

Updated : 2017.04.27 09:47

Celltrion wins Herceptin patent trials against Roche in Korea

South Korea’s Celltrion said Wednesday that it has won all of its patent infringement suits involving Roche’s blockbuster breast cancer drug Herceptin in Korea, paving the way for the launch of Her...

Updated : 2017.04.26 18:17

Lotte announces shift to holding company structure

Lotte Group announced Wednesday that it would be shifting toward a holding company structure, combining the investment entities of its four major units into a single holding company. Lotte Confectio...

Updated : 2017.04.26 18:04

Asiana Airlines welcomes first A350

South Korean air carrier Asiana Airlines received its first A350-900 aircraft and held a welcoming ceremony at Incheon Airport on Wednesday. Asiana Airlines has now become the world’s 12th and the ...

Updated : 2017.04.26 17:44

Samsung C&T returns to black in Q1 on one-off factor

Samsung C&T Corp., a de facto holding company of Samsung Group, bounced back into the black in the first quarter from a year earlier largely thanks to cost-cutting efforts and a one-off factor, the c...

Updated : 2017.04.26 16:19

CJ Logistics acquires 50% stake of Darcl Logistics

South Korea‘s largest logistics company, CJ Logistics, announced Wednesday plans to acquire a 50 percent stake in India’s Darcl Logistics to become the company’s largest shareholder. CJ Logistics...

Updated : 2017.04.26 15:32

HHI nets most ship orders in 3 years

Hyundai Heavy Industries Group, the world’s largest shipbuilding group, has received orders for 39 ships worth $2.3 billion so far this year, posting the company’s largest ship orders in three year...

Updated : 2017.04.26 15:30

Posco takes lead in giga steel

Posco, South Korea’s largest steelmaker, on Wednesday announced it has completed the production of a manufacturing facility dedicated to giga steel, which can significantly reduce the weight of cars...

Updated : 2017.04.26 15:28

KOTRA teams with Kakao to support startup firms

The Korea Trade-Investment Promotion Agency is teaming up with Kakao Makers to support the sales of domestic and overseas startups, according to a press release by KOTRA. The two companies signed a ...

Updated : 2017.04.26 15:27

LG Display logs record quarterly profit

LG Display said Wednesday it posted record-breaking profits in the first quarter of the year due to the growing demand for large-size televisions and high-end devices. The Korean display maker said ...

Updated : 2017.04.26 14:44

Olive Young rises as mecca for Korean beauty products

Olive Young’s Myeong-dong branch is the largest health and beauty store in the industry, with over 10,000 visitors every day, according to CJ OliveNetworks on Tuesday. The Myeong-dong branch, havin...

Updated : 2017.04.26 14:43