S. Korea offers largest amount of cash, goods to NK in 2003-2008: data

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[Superich] Hansae Group speeds up business succession

Hansae Group has been actively passing on its management rights to the second generation of its founding family, with Director Kim Seok-hwan promoted to co-CEO of the largest domestic online bookstor...

Updated : 2017.04.20 13:55

[Superich] CU maintains No. 1 position but faces challenges

Along with the rise in single- and double-person households, there has been an increasing demand for home meal replacements and other convenient facilities here. In light of this trend, the convenie...

Updated : 2017.04.20 13:54

Antitrust watchdog slaps W70.2b fine on four builders for bid rigging

South Korea's antitrust watchdog said Thursday that it has imposed a combined 70.2 billion-won ($61.4 million) fine on four local builders for rigging bids for a state railway project. The four comp...

Updated : 2017.04.20 13:26

Market for premium children's brands growing fast

Online shopping malls are partnering with premium children's brands as sales in the segment are growing faster than for cheaper labels, industry watchers said Thursday. First-quarter sales of brand ...

Updated : 2017.04.20 11:16

Egg prices rise again due to bird flu outbreaks in Spain, US

Prices of eggs are on the rise again recently as imports of chickens were halted from the United States and Spain due to outbreaks of bird flu there, industry sources said Thursday. Prices of chicke...

Updated : 2017.04.20 10:42

Chinese shoppers of Korean products turn to direct online purchases

Chinese online shoppers' direct purchases from South Korea have not waned despite Beijing's economic retaliations against Seoul, the latest statistics showed Thursday. According to the Beijing offic...

Updated : 2017.04.20 09:58

Lotte's losses in China compounded by payment to local workers

Losses incurred by South Korean retail chain Lotte Mart from business suspensions in China are being compounded by salary payments to local employees, industry sources said Thursday. Lotte Mart, a h...

Updated : 2017.04.20 09:48

LG Chem posts record-breaking sales in Q1

LG Chem posted record-breaking sales for the first quarter of this year. LG Chem said Wednesday that it posted 796.9 billion won ($698 million) in operating profit, a 74 percent rise on-year. It als...

Updated : 2017.04.19 18:05

Item rentals expand market presence on surging demand

The item rental market in South Korea is expanding its range of lineups into various areas, ranging from fashion accessories and digital cameras to furniture, as a growing number of consumers are wil...

Updated : 2017.04.19 16:48

[From the Scene] Celltrion bulks up to meet spiraling demand for biosimilars

SONGDO, Incheon -- Outside, it was a lazy spring day. The weather in Songdo was warm despite the nearby ocean that usually drags the temperature a few degrees lower than in Seoul. However, inside th...

Updated : 2017.04.19 16:40

Kakao Friends become most beloved characters in Korea

Started as mobile messaging app characters, the characters of Kakao Friends have now been named the most popular in South Korea, beating out the former No. 1, the eponymous character from “Pororo th...

Updated : 2017.04.19 16:24

[Herald Interview] Celltrion out to eat J&J's lunch with Remsima

SONGDO, Incheon -- South Korea’s Celltrion will take away half of Johnson & Johnson’s Remicade market in the US with its biosimilar drug that hit the country last year, the company’s CEO said, cit...

Updated : 2017.04.19 16:11

Chicken franchise sales rise in 2016 despite bird flu, economic slump: data

Sales of South Korea's major chicken franchises rose last year from the previous year despite the outbreak of avian influenza and weak economic growth, government data showed Wednesday. Fried chicke...

Updated : 2017.04.19 15:32

Daewoong Pharm's antibiotic Meropenem hits US

South Korean drug maker Daewoong Pharmaceutical Co. said Wednesday its generic antibiotic, Meropenem, was launched in the United States. Meropenem, which is used in treatment for a wide range of dis...

Updated : 2017.04.19 15:30

Korea can't afford another Hanjin: AmCham panel

The American Chamber of Commerce in Korea as well as stakeholders in the international and domestic shipping industries gathered in Seoul on Wednesday, calling for strong political and financial coun...

Updated : 2017.04.19 15:23