Most Popular
-
1
Yoon, Lee end first talks with differences, agree to meet more
-
2
What is Hybe’s next move?
-
3
China outpaces Korea in smaller OLED shipments for 1st time
-
4
[Herald Interview] Mom’s Touch seeks to replicate success in Japan
-
5
Police to open alleged stalking probe over pastor over Dior bag scandal
-
6
'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
-
7
[News Focus] Lee tells Yoon that he has governed without political dialogue
-
8
Medical profs at top hospitals suspend surgeries, clinics
-
9
Seoul to deploy more military doctors to fill med prof void
-
10
Samsung chip business back on track, logs W1.9tr operating profit in Q1
-
Naver's net more than doubles in Q4
Naver Corp., South Korea's top Internet portal operator, on Thursday released weaker than expected fourth-quarter earnings, sending its stock price to a one-week low.Net income came to 134.5 billion won (US$124.2 million) in the October-December period, more than doubling from 54.1 billion won a year earlier, the company said in a regulatory filing. But the fourth-quarter reading was well below the median estimate of 163.2 billion won suggested by South Korea's nine brokerage houses, according t
Jan. 29, 2015
-
Big firms expected to cut recruitment slightly in 2015
Leading South Korean companies are likely to hire fewer new employees in 2015 than last year as there is no clear sign of an economic recovery, a poll showed Tuesday.The survey by the Korea Chamber of Commerce and Industry (KCCI), which canvassed the country's top 500 companies by sales, found 180 of them plan to hire 22,844 new workers in 2015, down 2.3 percent from 23,385 last year. Of those polled, 305 responded.Among the respondents, 125 said they have not yet come up with a hiring plan as t
Jan. 27, 2015
-
Samsung Electronics likely to expand dividend payout
South Korean tech giant Samsung Electronics Co. is expected to unveil a near 40-percent jump in cash dividends this week, industry sources said Sunday, following such decisions by Hyundai Motor Co. and Kia Motors Corp.Samsung had paid out a total of 2.16 trillion won ($1.99 billion) in dividends to its shareholders for 2013, or 14,300 won per share, according to the sources.They said that the company will likely give a 40 percent increase in cash dividends for 2014, citing Samsung's earlier anno
Jan. 25, 2015
-
Daewoo Shipbuilding wins $800 mln worth of orders for LNG carriers
Daewoo Shipbuilding & Marine Engineering Co., the world's second-biggest shipyard, has signed deals worth a combined $800 million to build four liquefied natural gas carriers, the shipbuilder said Thursday.Under the deals signed Wednesday with Korea Line Corp. and Hyundai LNG Shipping Co., the shipbuilder will deliver the LNG carriers by May 2017, the company said in an e-mailed statement. The latest orders are the first for Daewoo Shipbuilding in 2015.The state-run Korea Gas Corp. had placed or
Jan. 22, 2015
-
KT&G's net jumps 45.5 pct in 2014 on strong sales
KT&G Corp., South Korea's state-run tobacco producer, said Thursday its net profit jumped 45.5 percent in 2014 from a year earlier, driven by an increase in domesticsales ahead of a sharp price hike.Net income came to 813.8 billion won ($751.9 million) last year, compared with 559.3 billion won in 2013, the company said in a regulatory filing. Operating profit went up 15.6 percent on-year to 1.17 trillion won last year, and sales gained 7.6 percent to 4.11 trillion won, it said.The numbers refle
Jan. 22, 2015
-
LG's new curved smartphone to hit shelves this month
South Korea's No. 2 tech giant, LG Electronics Inc., said Thursday that it will roll out its latest version of its curved-smartphone lineup on its home turf later this month and gradually expand its sales to overseas markets.The G Flex 2, with a Full HD 5.5-inch display, will become LG's second smartphone that boasts a display curving inward from top to bottom and slightly from right to left but will be slightly smaller than its 6-inch predecessor, the company said.The latest model was showcased
Jan. 22, 2015
-
LG's smartphone sales up 25 pct on-year in 2014
South Korea's No. 2 tech giant, LG Electronics Inc., is estimated to have posted a 25 percent gain in its smartphone sales last year from a year earlier, industry sources said Thursday, taking a step closer to claiming the third spot in the global market.The combined smartphone shipment of LG Electronics is estimated at 59.6 million units for 2014, up from the 47.6 million units posted a year earlier, the sources said. Industry watchers earlier expected its sales would hover around 60 million un
Jan. 22, 2015
-
Hyundai Motor labor union to appeal against controversial wage ruling
Hyundai Motor Co.'s labor union said Wednesday it will appeal against a recent court ruling unfavorable to the automaker's employees that said the company should include bonuses as ordinary wages for some workers.Last week, the Seoul Central District Court ordered Hyundai Motor, the country's top automaker, to count regular bonuses as part of ordinary salaries only for some employees and to pay three years of outstanding bonuses retroactively.The ruling was mostly in favor of the automaker as th
Jan. 21, 2015
-
Microsoft debuts machine-learning platform in S. Korea
Microsoft Korea rolled out its first machine-learning tool in South Korea on Wednesday as the firm moves to expand clout in advanced technology based on fast-growing cloud computing systems. Azure machine-learning, which runs on Microsoft's namesake cloud system, is an analysis platform developed by the U.S. software giant that offers predictions for a specific case set by the user. When a user inputs enough data to create a model for a certain case, Azure machine-learning produces a pattern us
Jan. 21, 2015
-
Samsung Electronics says considering stock split
Samsung Electronics Co., South Korea's largest firm by market value, has been considering splitting its stock to lower the high price tag of its shares but will look more into the long-term effect before making any decision, a senior executive said Tuesday."(Samsung Electronics) has been looking into whether stock splits actually have a positive impact on the company's value," Lee Myung-jin, a senior investor relations official at Samsung Electronics, said in a meeting hosted by the Korea Exchan
Jan. 20, 2015
-
Hyundai's Sonata PHEV cited as top 8 noteworthy eco cars
Hyundai Motor Co.'s Sonata plug-in hybrid electric vehicle (PHEV) ranked fifth among the top eight "noteworthy" eco-friendly vehicles unveiled during this year's Detroit motor show, a U.S. eco car review website said Tuesday.The website (www.hybridcars.com) selected eight noteworthy eco-friendly cars unveiled during the motor show. The C350 PHEV of Mercedes-Benz, Acura NSX of Honda and Chevrolet Volt were among the vehicles."Hyundai can now take its place alongside Ford, Toyota, GM and others in
Jan. 20, 2015
-
Korean Air sees int'l flight passengers decline in 2014
The number of passengers using international flights of South Korea's largest flag carrier, Korean Air Lines Co., dropped for the second straight year in 2014 in the face of intensifying competition from low-cost carriers, industry data showed Tuesday.According to the data provided by Incheon International Airport Corp. and Korea Airports Corp., about 16.6 million people used Korean Air's international flights last year, down 0.3 percent from a year earlier.This marked the second straight year t
Jan. 20, 2015
-
Court ruling on ordinary wages 'credit positive' for Hyundai
Moody's Investors Service, a global credit rating agency, said Monday the recent court ruling on ordinary wages for Hyundai Motor Co. employees is "credit positive" for the automaking giant since the resulting extra cost will be "manageable."On Friday, a Seoul court ordered Hyundai Motor to include regular bonuses as part of ordinary salaries for only a small number of employees, reducing the potential extra cost for the country's largest automaker from trillions of won to roughly 11 billion won
Jan. 19, 2015
-
Samsung Techwin to supply airplane parts to GE
Samsung Techwin Co., the defense and precision machinery unit of South Korea's largest conglomerate Samsung, said Monday that it has signed a deal with General Electric to provide airplane engine parts for the next 10 years. The deal calls for Samsung Techwin to provide 18 types of airplane engines parts from 2016 to 2025 to the U.S. company, which is one of the world's major airplane engine producers. Samsung Techwin expects the supply deal would translate into around US$430 million in sales. I
Jan. 19, 2015
-
Shinsegae to invest record 3.4 tln won this year
South Korean retail conglomerate Shinsegae on Monday said it plans to spend a record 3.4 trillion won (US$3.1 billion) this year as it readies to launch mega malls and gear up against the local arrival of e-commerce giants Amazon and Alibaba.The planned amount is roughly 50 percent higher compared with its 2.24 trillion won spending last year. It is also bigger than its previous record investment of 2.3 trillion won in 2013.The retail conglomerate, which operates its namesake department store ch
Jan. 19, 2015
-
Samsung set to sell 30 mln Tizen TVs in 2015
South Korea's tech giant Samsung Electronics Co. plans to sell 30 million units of Tizen-powered quantum-dot TVs in 2015, an industry source said Monday, as it fights to keep its top spot in global TV sales that it has maintained since 2006.The outlook came as the source with knowledge of inside matters said the company has planned to have Tizen models take up 50 percent of its combined TV sales for 2015, which are estimated at 60 million units.Tizen is an open-source operating system for smart
Jan. 19, 2015
-
Samsung likely to invest 50 tln won in 2015
Samsung Group, South Korea's top family-run conglomerate, is expected to spend 50 trillion won ($46.3 billion) for facility and R&D investment this year, a company official said, a similar amount from last year, following a reshuffle with its chairman, Lee Kun-hee, still sick in bed.Samsung is estimated to have invested between 49 trillion and 50 trillion won in 2014, according to market analysts, moderately increasing the expenditure every year from 42 trillion won in 2011."It seems to be an am
Jan. 14, 2015
-
Corporate facility investment expected to increase this year
South Korean manufacturers are likely to increase their facility investment in 2015 with makers of appliances, machineries and autos taking the lead, a business poll showed Tuesday.According to the survey of 500 manufacturers by the Korea Chamber of Commerce and Industry, the manufacturers' facility investment is predicted to rise an average 3.4 percent this year from a year ago.Of the respondents, 31.4 percent said they will increase their capital expenditures this year to expand existing facil
Jan. 13, 2015
-
LG Uplus shortlisted for Ticket Monster takeover
LG Uplus Inc., South Korea's smallest mobile carrier, has been shortlisted for the stake sale of Ticket Monster Inc., the first deal-of-the-day website in the country currently owned by U.S. Groupon Inc., company and industry sources said Friday.LG Uplus said in a regulatory filing that it has submitted a letter of intent for the bid. The company spokesman declined to comment further, citing that it's an ongoing deal.The Seoul-based arm of Deutche Bank AG that manages the deal has picked LG Uplu
Jan. 9, 2015
-
LG rolls out smart platforms at CES, taps IoT industry
South Korea's No. 2 tech giant LG Electronics Inc. on Tuesday showcased its new smart platforms at the Consumer Electronics Show (CES) taking place in Las Vegas, adding the platforms will help it expand its footprint in Internet-of-Things (IoT) businesses.At this year's CES, LG showcased the Web OS 2.0, an updated version of the Web OS smart TV platform released last year. The company said the new system will deliver a more convenient user experience by boasting a faster speed.The company said i
Jan. 6, 2015