The Korea Herald

Duty-free sales inch up in Sept. on brisk foreign spending

Oct 29, 2020

Duty-free sales in South Korea edged up in September on increased purchases by Chinese vendors, industry data showed Thursday. Combined sales at duty-free shops in Asia's fourth-largest economy came...
Naver's Q3 net triples on record sales amid pandemic

Oct 29, 2020

South Korea's top internet portal operator Naver Corp. said Thursday its net profit nearly tripled in the third quarter from a year earlier on the back of booming online goods transactions on its pla...
Samsung expects profit decline after strong Q3 results

Oct 29, 2020

Samsung Electronics Co. on Thursday expected its profitability to worsen in the fourth quarter after delivering a forecast-beating performance in the third quarter on its better-than-expected chip bu...
Amorepacific Q3 net down 93% on tepid sales amid pandemic

Oct 28, 2020

Amorepacific Corp. said Wednesday its third-quarter net profit declined 93.1 percent from a year earlier as sales of its cosmetics at offline channels were hit by the new coronavirus outbreak. Net i...
ULikeKorea’s calf biocapsule certified as animal medical device in Korea, Japan

Oct 28, 2020

ULikeKorea’s LiveCare calf biocapsule was acknowledged in Korea and Japan as an animal medical device, the company said Wednesday. ULikeKorea’s LiveCare is a monitoring tracker that, once swallowed,...
Merck to bulk up OLED capacity with investment in Gyeonggi, Pyeongtaek

Oct 28, 2020

Merck will invest 20 million euros ($23.6 million) in and around Pyeongtaek, Gyeonggi Province, to increase its organic light-emitting diode manufacturing capabilities, the company said Wednesday. ...
GC LabCell posts record-breaking Q3 performance

Oct 28, 2020

GC LabCell tentatively filed a record-breaking third-quarter business performance, on the back of increased swab sample analysis and biologics distribution. From July to September, GC LabCell made a...
NPS says no to LG Chem’s battery split-off, but can it stop it?

Oct 28, 2020

South Korea’s National Pension Service said Tuesday it will vote against LG Chem’s plan to carve out its battery business into a wholly-owned subsidiary LG Energy Solution, though the state pension f...
Funeral held for Samsung Chairman Lee

Oct 28, 2020

Eyes on leadership inheritance, changes in Samsung’s governance
Posco chief proposes joint response to changes in post-COVID-19 era

Oct 28, 2020

Posco CEO Choi Jeong-woo has suggested the global steel industry jointly respond to structural changes accelerated by coronavirus and find sustainable growth measures at a recent steel conference, th...
Hyundai Electric to tap deeper into renewable energy market

Oct 28, 2020

Hyundai Electric & Energy Systems Co. said Wednesday it will make inroads into the renewable energy market in cooperation with Pacifico Energy Korea, a South Korean unit of US Pacifico Energy. Under...
Audi-VW Korea chief named head of foreign carmaker association

Oct 28, 2020

Audi Volkswagen Korea Group Managing Director Rene Koneberg has been named the head of South Korea's imported vehicle association, the association said Wednesday. Koneberg has been serving as vice c...
Hyundai, Kia likely to deliver robust Q4 profit on new models, improved product mix

Oct 28, 2020

Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to report a combined operating profit of about 3 trillion won ($2.7 billion) in the fourth quarter on new models and improved product...
GS E&C’s apartment brand Xi soars to top in popularity

Oct 28, 2020

Major South Korean builder GS Engineering & Construction’s Xi has become the most preferred apartment brand among potential homebuyers prioritized by the government’s housing scheme this year, as of ...
Synergy Hill+Knowlton Strategies Korea bags multiple PR awards

Oct 28, 2020

Synergy Hill+Knowlton Strategies Korea has bagged three awards this year: the SABRE Awards, PR Awards Asia and the Asia Pacific Stevie Awards. Delivered by the Holmes Report, which publishes an annu...