...erald. CEVA Logistics was established in August 2007, from the merger of TNT Logistics and EGL. Even though the name may be unfamiliar to many outside the industry, the company has become the world’s fourth-largest logistics company with $9 billion in revenue last year. The CEO visited Seoul last week to celebrate the success of the company’s Korean business and to meet its global partners such as Korean Air, which is one of the company’s top three air freight partners. “Within Asia, one of our most successful markets in terms of growth...

...e the nation entered the seasonal rainy spell last month. Over the past month, E-Mart, South Korea’s largest retailer, saw a surge in sales of umbrellas and rubber boots of 125 percent and 107 percen...at sales. Home Plus also saw a 40 percent rise in sales in dehumidifying items thanks to this year’s rainy season that arrived earlier than usual. According to Hi-Mart, a local electronics retailer,...

...minister and it is now down to the negotiators.” On Monday Diaz-Granados held a meeting with Korea’s Trade Minister Kim Jong-hoon regarding the stalled FTA talks, where they agreed to resume talks in...g in Colombia. Among others he said that POSCO and Hanwha Group have shown interest in the country’s natural resources. POSCO, however, said that no related plans were in the works. He added that Sa...

Korea’s free trade agreement with the European Union is expected to deal a blow to the local agricultural and livestock industry for the next decade as farmers compete with an inflow of cheaper products from the world’s largest economic bloc. The Agriculture Ministry forecasts that farmers here will produce 177.6 billion won ($166.5 million) fewer goods each year for the next 15 years. Stock far...

... companies ― many of them operators of globally best-selling games ― are gearing up to better defend themselves at court in the face of mounting legal squabbles. On Monday, NCsoft, one of the nation’s top online gaming companies and creator of some of the industry’s hottest games such as Lineage and Guild Wars, said it has appointed a Kim & Chang lawyer as its chief legal officer. The company has become one of the first in the industry to fill such a position,...

Apple Inc. customers in South Korea who couldn’t download Rovio Mobile Ltd.’s best-selling “Angry Birds” on their iPhones will soon be able to find out why flinging vindictive fowl at green hogs can ...-game developers such as Gamevil Inc. and Com2uS Corp. may also benefit by offering games on Google’s Android Market and Apple’s App Store, said Jang. Gamevil’s third-quarter sales in Korea may rise a...