The Korea Herald

Elliott faces credibility test

IndustryJul 5, 2015

U.S. hedge fund Elliott Associates faces a new challenge in its aim to derail the proposed merger of two Samsung Group units, as the prosecution launched an investigation into allegations that Elliot...
Hyundai Steel gains momentum with Hysco merger

IndustryJul 2, 2015

DANGJIN, South Chungcheong Province ― Massive, red hot steel plates shot by along the rollers and back again. The heat inside Hyundai Steel’s Dangjin plant was high, but the speed and precision with...
Samsung C&T CEO confident of winning votes on merger deal

IndustryJul 1, 2015

Samsung C&T on Wednesday expressed confidence in winning at a shareholders meeting on July 17, where its merger deal with Cheil Industries will be put to a vote. The construction unit of Samsung Gro...
Cheil Industries vows higher dividends amid merger dispute

IndustryJun 30, 2015

Cheil Industries announced Tuesday that it will increase dividend payouts to investors in an apparent attempt to win over stakeholders’ approval of its proposed merger with Samsung C&T. In a bid to ...
EBay to support smaller firms

IndustryJun 29, 2015

EBay Korea, the operator of Korea’s largest online shopping site Gmarket and Auction.co.kr, signed a deal with the Small & Medium Business Corporation to support domestic small and medium-sized compa...
Shareholders OK Techwin name change amid protest

IndustryJun 29, 2015

Shareholders of defense equipment maker Samsung Techwin approved a plan to change its name to Hanwha Techwin amid strong opposition from its labor union members on Monday. Samsung Techwin’s labor un...
[Best Brand] Lotte Chilsung’s Icis 8.0 makes waves in water market

IndustryJun 25, 2015

Icis 8.0 mineral water from Lotte Chilsung Beverage Co. is making a splash in the country’s tightly contested bottled water market. Launched in August 2011, Icis 8.0 has gained much popularity in a ...
[Photo News] High-tech Innovation

IndustryJun 22, 2015

Solvay Group CEO Jean-Pierre Clamadieu (left) and the Korean unit head Pyung Suk-koo on Monday vowed to focus on the Korean market as the center of research for high-tech materials, at a news confere...
Daewoo International CEO steps down over Myanmar row

IndustryJun 16, 2015

Jeon Byeong-eal, the CEO of POSCO’s trading subsidiary Daewoo International, quit Tuesday after a protracted feud with the steelmaker over an overseas natural gas project. He announced his resignati...
Hwang defends Samsung against ‘vulture’ fund

IndustryJun 14, 2015

Domestic institutional investors are expected to support the merger plan between Samsung C&T and its sister company Cheil Industries as the head of local investors’ association categorized U.S.-based...
Samsung C&T defends merger plan

IndustryJun 10, 2015

Samsung C&T, the construction and trading arm of Samsung Group, is hitting back at stakeholders opposing its proposed merger with Cheil Industries. On Wednesday, the Korean builder released informat...
POSCO named most competitive steelmaker

IndustryJun 9, 2015

POSCO was named the world’s most competitive steelmaker for the eighth consecutive year, the steelmaker said Tuesday. World Steel Dynamics, a global steel industry researcher, put POSCO at the top o...
Builders suffer from MERS scare

IndustryJun 8, 2015

The Middle East respiratory syndrome outbreak is taking a toll on South Korean builders, for whom the Mideast is a major source of revenue. Worries over South Korean construction workers in the Midd...
Steelmakers face U.S. antidumping dispute

IndustryJun 5, 2015

U.S.-based steel producers have lodged a complaint against South Korean and other steelmakers with the U.S. International Trade Commission accusing them of irregular trade practices. This is the fir...
POSCO-Saudi fund deal imminent

IndustryJun 4, 2015

POSCO’s impending deal with Saudi Arabia’s sovereign wealth fund is raising both concerns and expectations for Korea’s largest steelmaker. According to financial industry sources, POSCO is set to se...