The Korea Herald

[Monitor] Samsung chairman receives W1.4tr in dividend payouts over decade

Feb 4, 2020

According to local corporate tracker Korea CXO Institute, Samsung Electronics’ ailing Chairman Lee Kun-hee will soon receive a dividend of 353.8 billion won ($296 million) for 2019. The firm analyze...
Samsung Heavy Q4 net losses widen on one-off costs

Feb 3, 2020

Samsung Heavy Industries, a major shipyard in South Korea, said Monday that its net losses widened in the fourth quarter from a year earlier due to one-off costs. Net losses for the October-December...
[News Focus] Hanjin siblings vie to woo shareholders with new management plans

Feb 3, 2020

As Cho Hyun-ah teams up with KCGI and Bando, Cho Won-tae expected to present detailed management plan soon
Daewoo E&C, financial firms to invest in new town project in Hanoi

Feb 3, 2020

Daewoo Engineering & Construction said Monday it has agreed with South Korean financial institutions to jointly invest in the construction of a new town project in the center of Hanoi, Vietnam. Acco...
Korea Game Society fundraises for people of Wuhan

Feb 3, 2020

The Korea Game Society on Monday initiated a fundraiser among gamers to support the people of the recent novel coronavirus-hit Wuhan in China’s Hubei province. “We support the people of Wuhan and th...
Boryung Holdings establishes first overseas entity in San Francisco

Feb 3, 2020

Boryung Holdings, the holding company of Boryung Pharmaceutical, established its first overseas entity, Hayan Health Networks in San Francisco, the firm said Monday. “Hayan Health Networks will moni...
LG Chem swings to loss in Q4 on one-off costs

Feb 3, 2020

LG Chem Ltd., South Korea's leading chemicals firm, said Monday that it swung to a loss in the fourth quarter from a year earlier due to one-off costs related to energy storage systems. The net loss...
‘Coronamap’ showing confirmed patients’ movements attracts more than 3m visits

Feb 2, 2020

A Korean college student’s self-coded “Coronamap,” showing the movements of confirmed coronavirus-infected patients before they were put in quarantine, has recorded more than 3 million visits and may...
[Monitor] Korea’s exports show signs of improvement, but will new coronavirus hamper upturn?

Feb 2, 2020

While South Korea’s exports failed to rebound from a minus figure in January, the daily average exports showed an upturn for the first time in 14 months, raising hopes for an overall recovery. The go...
Outbreak of coronavirus changes consumption patterns

Feb 2, 2020

Park Seon-hee, a resident of western Seoul, stayed home over the weekend, canceling her plans to meet friends, as more cases of coronavirus infections were reported. She and her husband chose to ord...
Coronavirus vaccine long way off

Feb 2, 2020

Any vaccine for the fast-spreading 2019 novel coronavirus is unlikely to take shape in the near future, experts said Sunday, citing the rapid mutational characteristic of the ribonucleic acid virus a...
Korea’s semiconductor show canceled amid coronavirus outbreak

Jan 31, 2020

Semi Korea, the local organizer of Semicon Korea, on Friday canceled the nation’s semiconductor show due to mounting concerns over the new coronavirus. Semi Korea’s decision came in line with World ...
Samsung to send donations to China

Jan 31, 2020

Samsung on Friday announced a donation of 10,000 articles of anti-contamination clothing, as well as 30 million yuan ($4.3 million) to support China’s response to the novel coronavirus, the company a...
Hanjin heiress partners with KCGI, Bando for group's management control

Jan 31, 2020

The heiress of South Korean airline-focused conglomerate Hanjin Group, widely known for the "nut rage" incident in 2014, has joined hands with a local fund and a builder for the group's management co...
Hyosung Heavy Industries expands in Europe with deal in Sweden

Jan 31, 2020

Hyosung Heavy Industries said Friday it won a contract to supply high-voltage switchgears in Sweden, clenching a second deal in Europe to expand its presence there. According to the company, it rece...