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Samsung set to deliver forecast-beating Q1 result

Samsung Electronics Co. is expected to rack up a market forecast-beating operating income for the first quarter of 2017 helped by its robust performance in the chip business, a local security firm sa...

Updated : 2017.03.21 10:42

China's THAAD sabotage spills over to smaller firms

Small and medium-sized South Korean companies doing business in China are also bearing the brunt of a string of disruptive acts by Chinese authorities in an apparent protest of Seoul's planned deploy...

Updated : 2017.03.21 10:24

Major pharmaceuticals to expand R&D spending in 2017

Major South Korean pharmaceutical companies are poised to expand their spending on research and development this year despite weak earnings, industry sources said Tuesday. The four drug companies --...

Updated : 2017.03.21 09:34

Samsung on schedule to run new chip factory

Samsung Electronics Co. said Tuesday its chip factory under construction in southern Seoul is expected to start production in the first half of this year as scheduled. The 15.6 trillion-won ($14.4 b...

Updated : 2017.03.21 09:07

Global video-streaming giant Netflix recommends LG TV

LG Electronics Inc. said Tuesday that the US-based video service provider Netflix has recommended its smart televisions released this year as the most suitable platform to enjoy its entertainment con...

Updated : 2017.03.21 09:05

POSCO chairman says donations to dubious foundations made under pressure

The chairman of global steelmaker POSCO said Monday his company's donations in 2015 to two foundations controlled by a friend of former President Park Geun-hye were made under pressure from Park's of...

Updated : 2017.03.20 17:46

BAT Korea, Sacheon city sign scholarship program

British American Tobacco Korea and Sacheon city government signed an agreement Monday to operate a 100 million won ($89,000) scholarship program aimed at fostering local talent, the company said in a...

Updated : 2017.03.20 17:37

[Newsmaker] Suh Kyung-bae stands at helm of K-beauty

When Suh Kyung-bae, Amorepacific Group chairman, inherited the family business 20 years ago, the cosmetic firm was teetering due to low demand and financial rigidity. Not only was the country suffer...

Updated : 2017.03.20 17:36

Third of chaebol offspring marry children of similar backgrounds for biz reasons

Nearly one third of the children of South Korea's 10 biggest business groups marry among themselves mainly due to business purposes, a survey showed Monday. A total of 30.3 percent, or 94 family mem...

Updated : 2017.03.20 16:33

Gmarket tops brand power rankings for 7th consecutive year

Online open market Gmarket took the top slot among online shopping malls in an annual brand power index for the seventh year in a row, according to eBay Korea Monday. The Korea Brand Power Index is ...

Updated : 2017.03.20 16:29

Lotte’s founding family denies all in first trial

The founding family of Lotte Group stood trial Monday, denying their charges of embezzlement and corrupt management of their businesses. It marked the first time that the feuding members have appeare...

Updated : 2017.03.20 16:28

Celltrion maintains IPO timetable despite accounting inspection

South Korean drugmaker Celltrion said Sunday that it does not expect to make changes to Celltrion Healthcare’s initial public offering timetable, brushing off concerns the listing process could be s...

Updated : 2017.03.20 15:51

[Herald Interview] SK Telecom to open AI platform in June

SK Telecom’s research and development head said the company plans to open its artificial intelligence platform in June to solidify its lead in the smart home appliances market. “We plan to open th...

Updated : 2017.03.20 14:42

Galaxy S8 Plus price estimated at 899 euros

The large-screen edition of Samsung Electronics Co.'s upcoming flagship smartphone is expected to come with a price tag of 899 euros ($967), a technology blogger said Monday. According to the blogge...

Updated : 2017.03.20 14:38

Health food sales grow despite chronic economic slump

Sales of red ginseng and other health-related products surged in recent years despite a slumping economy as people are becoming more health conscious, data showed Monday. Such a trend shows consumer...

Updated : 2017.03.20 11:38