The Korea Herald

Korean tech firms to resume production in China

Feb 9, 2020

South Korean tech firms plan to resume operations at their facilities in China on Monday -- after an extended 17-day holiday for Lunar New Year -- despite the ceaseless spread of the novel coronaviru...
Hyundai Glovis’ second-hand vehicle auction service gains popularity

Feb 9, 2020

Autobell, a second-hand vehicle retail selling service operated by Hyundai Glovis, has seen growing popularity among users amid the expanding used car market. As of last year, government data showed...
Coronavirus casts shadow on pharma approvals for China market

Feb 9, 2020

As Chinese authorities’ priorities shift to containing the novel coronavirus, concerns are rising that launch dates for drugs pending approval for the Chinese market may be postponed, according to in...
FTC slaps W9.3b antitrust fine on Daebo E&C

Feb 9, 2020

South Korea’s antitrust watchdog said Sunday it has slapped local construction firm Daebo Engineering & Construction with a 9.3 billion won ($7.84 million) fine for violating subcontracting laws. Th...
Samsung offers W2.6tr for virus-hit subcontractors

Feb 9, 2020

Samsung Electronics said Sunday it will provide 2.6 trillion won ($2.18 billion) worth financial support for its subcontractors who are facing difficulties in procuring parts due to the novel coronav...
LG decides to sell off twin buildings in Beijing

Feb 7, 2020

LG Electronics has decided to sell off its twin towers in Beijing to secure liquidity amid global uncertainties and to invest in future growth engines, the company said Friday. The company’s board o...
Cho Hyun-ah denounces Hanjin KAL board decision

Feb 7, 2020

Cho Hyun-ah, the eldest daughter of late Hanjin Group Chairman Cho Yang-ho, released a statement on Friday afternoon to denounce the board decision made by Hanjin KAL in the morning. In a joint stat...
Hanjin KAL decides to give board of directors right to pick chairman

Feb 7, 2020

Hanjin KAL, the holding company of Hanjin Group, held a board meeting on Friday, to have the chairman of the board of directors be elected by the board to separate the position of its company preside...
LG Uplus 2019 profit down as investment, marketing costs rise

Feb 7, 2020

LG Uplus Corp., South Korea's No. 3 mobile carrier, said Friday its net profit fell 8.9 percent last year from a year earlier as it ramped up spending on its 5G network and marketing. In a regulator...
Coway rebrands under Netmarble

Feb 7, 2020

Woongjin Coway is now simply Coway after Netmarble’s acquisition of the company. Coway convened an interim shareholders meeting on Friday at its head office in Gongju, South Chungcheong Province, wh...
SK Telecom's profit plunges in 2019 on equity losses, costs

Feb 7, 2020

SK Telecom Co., South Korea's top mobile phone operator, said Friday its net income plunged 72.5 percent last year from a year earlier due to reduced equity gains from its chip-making affiliate. In ...
[Newsmaker] Coronavirus infection closes GS Home Shopping headquarters, live show suspended

Feb 6, 2020

GS Home Shopping said Thursday it has decided to close its headquarters until Saturday morning as one of its employees was infected with the new coronavirus. “As an employee was confirmed to be infe...
[Monitor] How much will new coronavirus hurt exports to China?

Feb 6, 2020

With the on-going outbreak of the novel coronavirus (2019n-CoV), concerns have been rising over the impact it will have on the country’s overall exports that have only just begun to show signs of reb...
Ports, shipping industry disrupted by novel coronavirus

Feb 6, 2020

In the wake of the novel coronavirus outbreak, operations at ports and the shipping industry have been severely disrupted, with sea ports and manufacturers shutting down in China, South Korea’s major...
Hyosung’s operating profit surpasses W1tr in 2019

Feb 6, 2020

Hyosung Corp. said Thursday the company and its four major affiliates saw their combined operating profit surpass 1 trillion won ($848 million) in 2019. The five companies – Hyosung Corp., Hyosung T...