Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Medical profs at top hospitals suspend surgeries, clinics
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Seoul to deploy more military doctors to fill med prof void
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Kyobo Life founder commemorated in Seoul
The 10th memorial ceremony for Shin Yong-ho, the late founder of Kyobo Life Insurance Co., will be held in Gwanghwamun, central Seoul, on Wednesday, the insurance firm said Tuesday.A variety of commemorative events, including a photo exhibition and concert, will be staged in Sejong Center for the Performing Arts, the company said. Besides influential figures from the insurance industry and academia, a large number of young people are expected to join the commemoration, the organizer said. “The l
Sept. 3, 2013
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Kumho Tire seeks to complete building suspended plant in U.S.
The head of Kumho Tire Co. has said his company is seeking to complete construction of its suspended plant in the United States, a move that could give South Korea's second-biggest tire maker a foothold in the world's second-largest auto market.Kumho Tire broke ground for its first plant in the U.S. state of Georgia in 2009, but the construction has since been stalled as creditors placed the key affiliate of Kumho Asiana Group under a debt workout scheme to help the country's 14th-biggest busine
Sept. 1, 2013
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Naver moves to set up a center for biz partners
Naver, which runs the nation’s biggest Internet portal, announced on Thursday it will set up the “Naver Partner Center” next month to better cooperate with smaller businesses. The move came a month after the company announced it would take a flurry of measures to seek coprosperity with small enterprises amid intensifying public criticism over its monopolistic practices. Naver controls a wide range of online businesses ranging from news to online communities to Internet advertising. The partner
Aug. 29, 2013
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Samsung to launch curved OLED TV in Europe
Samsung Electronics Co., the world’s largest flat-screen TV maker, said Tuesday that it plans to roll out its first 55-inch curved OLED TV with full HD capabilities in Europe with a price tag of 7,999 euros.In June, Samsung introduced the TV set on its home turf, joining the race for the next-generation TV market. Early this month, Samsung also rolled out the TV in the U.S.Samsung said the TV set will hit the shelves in Germany on Wednesday, and be released in France, Austria, the Netherlands, I
Aug. 27, 2013
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POSCO unit-led group likely to win Mongolia project
A consortium led by POSCO Energy Co., a unit of South Korea‘s leading steelmaker POSCO, has been named as the preferred bidder for a 1.5-trillion-won ($1.34 billion) power plant project in Mongolia, the company said Tuesday.The consortium will build and operate the 450-megawatt coal-powered power plant for 25 years, and then transfer it to the Mongolian government, according to POSCO Energy.The Mongolian government will use the electricity output produced from the power plant, it said.GDF Suez o
Aug. 27, 2013
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KB Kookmin Card promotes aggressive marketing
KB Kookmin Card Co. has launched a two-track Chuseok holiday promotion with lucky-draws and cash-back points, the company said on Tuesday. The card company will randomly select 918 of its credit card users and grant them a variety of free gifts, such as gas coupons, department store gift cards, travel gift cards or extra points. The card users can try their luck at either the online event zone at www.kbcard.com, or on the card firm’s mobile app. Eligible applicants must have a card payment histo
Aug. 27, 2013
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POSCO seeking to develop clean energy in Mongolia
South Korea’s leading steelmaker POSCO said Sunday it is moving to develop a new type of clean energy in resource-rich Mongolia together with a local company there.POSCO said it has joined hands with MCS Group, one of the largest private companies in Mongolia, to start a coal-to-liquid business in the country and is in the process of obtaining approval from Ulan Bator.To that end, the steel giant set up a joint venture with MCS, named Baganuur Energy Corp.CTL refers to converting coal to liquids
Aug. 25, 2013
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Shinhan Bank introduces new credit rating for loans
Shinhan Bank, the banking unit of Shinhan Financial Group, adopted an independently developed credit rating model to assess loan applications of low-credit customers, the bank said Sunday. The “Hope Credit Assessment Model” is the country’s first attempt to invent and apply a separate barometer to rate the credit of low-income customers, the bank stated.The Hope Credit Assessment Model is expected to benefit many low incomers who had been marginalized in the general credit assessment system, und
Aug. 25, 2013
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Hanwha Life’s child insurance gains popularity
Hanwha Life Insurance Co. is celebrating the rise in popularity of its new lifelong insurance that is selling at record speed.Launched in April, Hanwha sold about 25,000 “Mom to Mom Child Insurance” plans in the first two months, which is an unusually high sales record for child insurance here. “Typical child insurance expires before kids reach 30, and they must extend the contract or get new health insurance as adults,” a Hanwha Life Insurance official said.“But it can be difficult for people w
July 30, 2013
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FEROOF grows further with global market penetration
FEROOF, a company specializing in manufacturing steel roof tiles for office buildings and private homes, has been recognized for producing high-quality steel roof tiles with its Korean traditional know-how and cutting-edge building technologies. FEROOF has gained the upper hand in the market with its steel tiles, which are six times bigger but weigh one-sixth the weight of clay tiles. Lightweight and durable Feroof tiles are helpful in several ways, as they are easy to install effective cut down
July 24, 2013
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[Power Korea] KEB, living witness to ‘Miracle of Hangang River’
Tracking the history of Korea Exchange Bank is much like scavenging through Korea’s modern economic history following the 1950-1953 Korean War. Established in 1967, KEB has contributed to the nation’s banking industry as one of the oldest banks. The bank, well known for its specialized foreign exchange marketing and corporate banking, started its second takeoff in 2012 after it was acquired by Hana Financial Group to become a sister bank of Hana Bank. Entering the 1960s, the Korean government wa
July 11, 2013
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Autoelex leads global market for brooders
Autoelex has become the producer of the world’s largest number of small and medium-sized digital incubator models, the Korean manufacturer of poultry hatchers and brooders said. Launched in 1991, Autoelex rolled out its first digital hatcher and brooder “RCOM” in 2004. Currently the flagship RCOM series is exported to 40 countries including the U.S., Britain, Germany, Denmark and China, and distributed by about 70 local companies. The hatcher is exclusively distributed by major brooder companies
June 25, 2013
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KHNP seeks shared growth with SMEs with new buying system
Korea Hydro & Nuclear Power Co., the state-run nuclear power plant operator, recently announced a plan to accelerate sustainable growth. The move is in line with the government’s ongoing efforts to promote shared growth with small-and medium-sized enterprises.KHNP said it had started with reorganizing and expanding related departments and was working to enhance technical competence and reform its purchasing methods.The company has come up with several measures to improve small firms’ cashflow. L
May 7, 2013
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Cosmetics fair puts Korean beauty center stage
The secret to Korean-style beauty will be unlocked next month when the curtain is raised on the 2013 Cosmetics & Beauty Expo in Osong, North Chungcheong Province. Up to 2,000 buyers from 300 companies are to participate during the 24-day exhibition from May 3-26, with 1 million people expected to attend, the event organizers said.The event, the first of its kind, is designed to showcase how much Korean cosmetics makers have advanced, along with offering a stage for other global cosmetics manufac
April 11, 2013
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SK Hynix makes overseas efforts for social contribution activities
SK Hynix is going overseas with its social contribution activities, launching global campaigns with a matching grant as well as employees’ donations.The world’s No. 2 memory chipmaker said that it has been gearing up efforts to increase its social contribution abroad in a bid to create a favorable workplace that emphasizes social welfare projects as well as employees’ happiness.The company has been launched a number of projects that include the word “happiness” in its operations since it was acq
April 11, 2013
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Merck CEO named adviser on Gyeonggi investment
Juergen Koenig, CEO of Merck Korea, was appointed as adviser for promoting investment in Gyeonggi Province on Wednesday. The advisory panel, to serve until April 11, 2015, consists of 25 people such as executives in global high-tech companies, and experts in emerging capital markets and the service industry. “Attracting businesses to Gyeonggi Province is a key to creating more jobs; it is challenging, but at the same time very rewarding and contributes a lot to society,” said Gyeonggi Gov. Kim M
April 11, 2013
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Renault Samsung inks MOU for electric cars
Renault Samsung Motors Co., the South Korean unit of French automaker Renault S.A., said Friday that it has signed a memorandum of understanding with the country’s Environment Ministry and six other companies to promote the use of electric cars.Under the deal, Renault Samsung will develop an electric car and sell it below 45 million won. The Environment Ministry, in return, will provide subsidies to companies and public offices that buy electric cars.Renault Samsung and the government will work
March 29, 2013
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Shinhan backs compassionate finance
When Han Dong-woo took office as chairman of Shinhan Financial Group two years ago, his main concern was how to turn the company into one with sustainable growth in the global financial industry characterized by firms’ fast rises and falls.He found the answer by setting humanitarian finance as its core business philosophy and “planting the DNA of compassionate finance” into Shinhan employees.He created the slogan “compassionate finance,” meaning warm, customer-based professionalism in finance, t
March 29, 2013
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Shinhan Bank’s ‘matrix’ yield gains despite slump
Shinhan Bank said Thursday that its “matrix operation,” or business coordination between banks and brokerages, has yielded considerable gains since it introduced the system last year. As a fresh business concept, the matrix was adopted by the country’s major banks with an affiliate brokerage firm, such as Shinhan Bank, Hana Bank and Woori Bank, as early as the beginning of 2012. Shinhan Bank is historically the first bank in Korea, originally established under the name Hanseong Bank in 1897. The
March 28, 2013
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KB Kookmin Card pours effort into sharing
Among countless corporate social sharing programs, KB Kookmin Card’s social contributions specifically aim to bolster the nation as a whole. Embracing the core needs of all age groups and ethnicities is the essential part of the ambitious sharing project. KB Kookmin Card has been one of the “big 4” credit finance card companies, wielding power in the credit card and check card sectors in particular, since its launch in 2011.Applied to the sharing project is the company’s extensive experience dat
March 26, 2013