The Korea Herald

Posco’s operating profit down 30% in 2019 amid industry downturn

Jan 31, 2020

South Korean steel giant Posco said Friday its operating profit dropped 30.2 percent in 2019 from the previous year, amid the overall industry downturn and protectionism by major trading partners. T...
SK hynix’s 2019 operating profit plunges 87%

Jan 31, 2020

South Korean chipmaker SK hynix’s operating profit in 2019 plummeted 87 percent to 2.7 trillion won ($2.2 billion), amid the continued fall in memory chip prices and lower demand, according to its ea...
LG Display goes into red amid restructuring efforts

Jan 31, 2020

LG Display announced Friday it has posted an operating loss of 1.35 trillion won ($1.1 billion) in 2019 -- largest in eight years -- going into the red amid ongoing business restructuring efforts. O...
[Herald Interview] Blazing Samsung Biologics’ trail into new territory

Jan 31, 2020

John Rim, Samsung Biologics’ Korean American executive, emphasizes human resources, helping CMO clients provide public with better drugs
Korea's industrial output grows 1.4% in December

Jan 31, 2020

South Korea's overall industrial output gained 1.4 percent in December from a month earlier despite a slight tumble in the service sector, data showed Friday. From a year earlier, the overall indust...
World’s largest halal exhibition to be held in Malaysia in April

Jan 31, 2020

Malaysia International Halal Showcase, the world’s largest halal trade fair, will be held in Kuala Lumpur from April 1 to 3, the event’s organizers said Thursday. According to Malaysia’s Ministry of...
LG posts record W62.3tr revenue in 2019

Jan 30, 2020

New CEO helmed with task to enhance mobile division performance
Bando E&C begins apartment project in central LA

Jan 30, 2020

Bando Engineering & Construction said Thursday that it had started the construction of a mixed-use apartment building in Los Angeles, the company’s first overseas project in nine years. According to...
Samsung affiliates to beef up compliance teams under CEOs

Jan 30, 2020

Samsung Group on Thursday announced follow-up measures to “effectively beef up” compliance monitoring teams across its affiliates, including placing them under chief executives, with the intention of...
[Photo News] Consumer agency compares UHD TVs of Samsung, LG

Jan 30, 2020

Korea Consumer Agency officials attend a press briefing on their review of the quality of UHD TVs at the government complex in Sejong on Thursday. Their results showed LG’s organic light-emitting di...
Naver’s sales surpass W6tr but profits down in 2019

Jan 30, 2020

Naver’s annual sales surpassed the 6 trillion won ($5.06 billion) mark for the first time in 2019, but its operating profit decreased due to the sluggish performance of Line and related platforms, ac...
Hanmi’s hypertension drugs post 14% growth in revenue

Jan 30, 2020

Hanmi Pharmaceutical said Thursday its high blood pressure treatments notched 14 percent revenue growth in 2019, raking in 153 billion won ($129 million) and dominating the market in South Korea. Th...
Korean firms help to fight coronavirus outbreak

Jan 30, 2020

South Korean companies said Thursday they are lending a helping hand to fight the outbreak of new coronavirus in China, the nation’s top export destination. The nation’s largest automaker Hyundai Mo...
Samsung maintains No. 1 smartphone vendor status in 2019: data

Jan 30, 2020

Samsung Electronics Co. maintained its status as the world's top smartphone vendor last year, industry data showed Thursday, although its fourth-quarter shipments were behind Apple Inc. Samsung ship...
Rice consumption dips to all-time low in 2019

Jan 30, 2020

South Korea's per capita annual rice consumption fell to a record low in 2019 amid changes in diet and eating habits, data showed Thursday. Per capita average annual rice consumption hit a fresh low...