The Korea Herald

Shipbuilders strike out in key market

IndustryJun 3, 2015

South Korean shipbuilders failed to strike a single deal in selling offshore support vessels in the January-April period, a sign that they are at risk of losing the market to increasingly confident C...
Hanwha Total under surveillance on safety

IndustryJun 2, 2015

Hanwha Group’s new chemical affiliate Hanwha Total Petrochemicals is mired in safety controversies less than a month after being rebranded from Samsung. The Labor Ministry said Tuesday it lacked app...
POSCO’s steel mill project gets Chinese approval

IndustryMay 27, 2015

POSCO, the country’s leading steelmaker, was granted approval by the Chinese government to build a steel mill there with an annual capacity of 3 million tons, the company said Wednesday. Once the co...
POSCO subsidiary to submit debt workout plans

IndustryMay 26, 2015

POSCO Plantec on Tuesday decided to submit workout plans to its creditors, the company said on Tuesday. The main creditor, the Korea Development Bank, will decide whether to approve the plans early ...
Hyundai, Shilla link up on duty-free

IndustryMay 25, 2015

Hotel Shilla and Hyundai Development Co. launched a joint venture on Monday to run a downtown duty-free store in Seoul, a burgeoning duty-free market worth 3.2 trillion won ($2.9 billion). The event...
Hyundai Heavy Industries restructures financial units

IndustryMay 25, 2015

Hyundai Heavy Industries is streamlining its financial units as part of an ongoing group-wide restructuring to ride out financial difficulties. The shipbuilder said Friday that it would realign the ...
POSCO sells stake in Australian firm in restructuring drive

IndustryMay 21, 2015

The country’s leading steelmaker, POSCO, announced Thursday that it had sold off its entire stake in the Australian copper mining firm Sandfire Resources. POSCO’s 15.2 percent stake in the firm was ...
Time for companies to show true colors on climate change

IndustryMay 21, 2015

The Paris summit on climate change coming up in December will be a test of the ability of world leaders to read science accurately, and to act in the long-term interests of their countries and their ...
S-Oil supports firefighters with trip to Jejudo

IndustryMay 21, 2015

S-Oil on Thursday opened a three-day vacation camp for 70 fire service personnel and their spouses on Jejudo Island as part of its campaign to support the emergency services. The company has been op...
Time for companies to show their true colors on climate change

IndustryMay 20, 2015

Time for companies to show their true colors on climate change By Georg Kell The Paris summit on climate change coming up in December will be a test of the ability of world leaders to read science ...
Ban urges Korean firms to join sustainable development drive

IndustryMay 19, 2015

U.N. Secretary-General Ban Ki-moon on Tuesday called for South Korean firms to step up efforts to achieve sustainable development. “The Korean industry is dynamic. Everybody agrees, and it is growin...
Samsung Heavy dismisses Indian shipbuilding tech

IndustryMay 19, 2015

Samsung Heavy Industries president Park Dae-young reportedly talked down Indian shipbuilding capabilities after meeting Prime Minister Narendra Modi, visiting Seoul on Tuesday. “India’s shipbuilding...
POSCO bets on India as next growth engine

IndustryMay 18, 2015

POSCO, South Korea’s largest steelmaker, is betting on India to fuel its growth. POSCO said it is ramping up efforts to develop more infrastructure and operations at the India office, aiming to meet...
Mobile network operators fail to keep up with policy

IndustryMay 18, 2015

The nation’s telecom industry is once again failing to keep in step with the regulatory authority’s attempts to provide consumers with convenience. In April, the Korea Communications Commission anno...
Shinsegae hoards cash for duty-free bid

IndustryMay 15, 2015

South Korean retail giant Shinsegae Group has raised more than 650 billion won ($598 million) by selling its Samsung Life Insurance shares in a stock block deal. According to finance industry source...