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Hyundai Motor heir gains W18b through stock buybackIndustryMar 26, 2020Hyundai Motor Group Executive Vice Chairman Chung Euisun, who recently purchased treasury shares, has seen gains from the stock market recovery as well as the strengthening of his control. The marke... -
![[Photo News] Duty-free hit by coronavirus](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/26/20200326000662_0.jpg)
[Photo News] Duty-free hit by coronavirusIndustryMar 26, 2020The duty-free zone of Incheon International Airport’s Terminal 1 appears quiet Wednesday afternoon. As the industry was hit hard by the sharp drop in outbound travelers due to the spread of the new c... -
Korea’s supply chain vulnerable to coronavirus crisisIndustryMar 26, 2020The novel coronavirus pandemic has exposed the vulnerability of South Korean industries that are deeply integrated with the global supply chain. Korea’s global value chain participation rate was 55 ... -
Posco signs with clients to use Innovilt brandIndustryMar 25, 2020South Korea’s largest steelmaker Posco said Wednesday it has signed agreements with 17 local companies for certification of 23 products of its premium construction steel materials brand Innovilt. Co... -
LSIS changes name to LS ElectricIndustryMar 24, 2020LS Industrial Systems said Tuesday it will change its name to LS Electric and accelerate the expansion of its global business. The South Korean electric power and automation equipment provider has r... -
Korean firms buy back shares amid coronavirus crisisIndustryMar 24, 2020With South Korea’s stock market staring at a prolonged bearish phase amid the coronavirus spread, major conglomerates have begun to buy back their own shares to reassure fleeing investors. Over the ... -
Coronavirus dents market cap of major firms, exportsIndustryMar 23, 2020Major South Korean firms have suffered a sharp drop in market capitalization, losing a combined 266 trillion won ($207 billion) over the past two months since the country’s first confirmed case of co... -
Samsung shuts down TV plants in SlovakiaTechnologyMar 20, 2020Samsung Electronics announced Friday it has decided to suspend operations of its Slovakia plant for a week due to the fast spread of coronavirus. The South Korean tech giant said it made the decisio... -
Asiana Airlines to suspend all European routes from AprilIndustryMar 20, 2020Asiana Airlines will halt all its European routes in April as the new coronavirus spreads fast and the continent closes its borders and restricts movement, the firm confirmed Friday. The decision co... -
Lotte head Shin Dong-bin to lead Japanese holding firmIndustryMar 19, 2020Lotte Group announced Wednesday that Chairman Shin Dong-bin will head the holding firm in Japan, securing leadership of operations in South Korea and Japan, ending a six-year dispute with his elder b... -
Sharp dip in oil prices weighs on Korean firmsIndustryMar 19, 2020The sudden plunge in oil prices -- following the coronavirus outbreak -- is taking a toll on the South Korean economy, denting many key industries. The hardest hit are the oil refining, construction... -
Chung Euisun reelected as Hyundai Mobis’ internal directorIndustryMar 18, 2020Hyundai Motor Group Executive Vice Chairman Chung Euisun was reelected as Hyundai Mobis’ in-house director Wednesday during a shareholders meeting, after overcoming objections. Chung’s term was exte... -
Korean firms on edge about rapid coronavirus spread in Europe, USIndustryMar 16, 2020South Korean companies are feeling the strain as the new coronavirus spreads rapidly in their major production bases and premium markets -- Europe and the US. The cumulative number of confirmed case... -
Stocks of major firms plunge over coronavirus spreadIndustryMar 15, 2020Major listed South Korean firms have seen a sharp drop in market capitalization by losing a combined 174 trillion won ($142 billion), down more than 20 percent, in the last 52 days, according to late... -
Many Korean firms plan to cut hiring in H1: reportIndustryMar 11, 2020A quarter of South Korea’s large companies are expected to cut recruitment in the first half of this year due to worsening economic and business conditions, according to a local economic research fir...
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01Govt. set to decide on school opening date next week
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03S. Korea begins mandatory 14-day self-quarantines on arrivals from US
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05PM says hard to ban overseas arrivals
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09New infections again skid, clusters, imported cases still concerns
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