The Korea Herald

Lotte to boost investment in tourism, retail, construction

IndustryFeb 15, 2015

Lotte Group, the country’s fifth-largest conglomerate, announced Sunday that it would invest a record 7.5 trillion won ($6.8 billion) in the retail, tourism and construction sectors. The investment ...
Hyundai Heavy workers win ordinary wage suit

Feb 13, 2015

A court ruled Thursday in favor of unionized workers at Hyundai Heavy Industries, the world’s largest shipbuilder, in an “ordinary wage” lawsuit. In its ruling, the Ulsan District Court said that th...
Korean Air shocked by ruling on heiress

IndustryFeb 12, 2015

The court’s ruling on the “nut rage” case sent shockwaves through Korean Air, which had reportedly hoped for a suspended jail term for its heiress and former vice president Cho Hyun-ah. The nation’s...
Big firms to invest W34tr

IndustryFeb 11, 2015

Major South Korean conglomerates, including Samsung Electronics and Hyundai Motor, plan to invest a total of 34.4 trillion won ($31.5 billion) in their facilities this year, government officials said...
Chinese hallyu portal aims for daily traffic boost

IndustryFeb 10, 2015

Korea DMC, the operator of a Chinese-language Korean Wave portal, said Tuesday that it aimed to reach 1 million hits in daily traffic by the end of the year. The company launched Korea Top 10 (www.k...
Hotel Shilla to do business in Xian

IndustryFeb 9, 2015

Hotel Shilla plans to build a hotel in Xian ― a cultural, industrial and educational center in northwest China ― in its latest move to expand its business in the country, the company said. It is pla...
Is Green Cross eyeing hostile takeover of Ildong?

IndustryFeb 9, 2015

Green Cross, a leading South Korean pharmaceutical company, sparked rumors of a hostile takeover of rival Ildong Pharmaceutical when it vowed to interfere in the selection of the latter’s board membe...
$Doosan Infracore carrying out staff cuts$

Doosan Infracore carrying out staff cuts

IndustryFeb 6, 2015

Doosan Infracore, the second-largest affiliate of Doosan Group, has begun a restructuring program to improve its financial health, the group confirmed on Friday. Doosan Infracore construction vehicl...
POSCO restructuring to be continued: chairman

IndustryFeb 5, 2015

POSCO, the world’s third-largest steelmaker, said on Thursday it aimed to achieve consolidated sales of 67.4 trillion won ($61. 8 billion) this year by further strengthening its core business. It wi...
DSME eyes LNG carriers for this year’s growth

IndustryFeb 4, 2015

Daewoo Shipbuilding & Marine Engineering, the world’s second-largest shipbuilder, is expected to focus on fuel-saving liquefied natural gas carriers as a way to boost its sales this year. A Daewoo S...
Organica wins iF Design Award

IndustryFeb 3, 2015

Organica, a Korean premium organic whole food company, has won this year’s International Forum Design Award for the packaging section, the company said Tuesday. A panel of 53 experts chose Organica’...
Shinsegae heir’s management skills put to the test

IndustryFeb 3, 2015

This year will be pivotal for several chaebol, including Shinsegae Group, Korea’s 13th-largest conglomerate by assets, and its de facto leader Chung Yong-jin. Chung Yong-jin Having experienced bitt...
Hyundai Steel shows robust 2014 results: Moody’s

IndustryFeb 2, 2015

Moody’s Investors Service said Monday that Hyundai Steel’s robust operating results for 2014 proved a stable outlook. “Hyundai Steel’s reported operating income for the full year ended Dec. 31, 2014...
Twitter may face probe over pornography

IndustryFeb 1, 2015

American social media service Twitter may experience a tough year in Korea as it is likely to face government scrutiny over its lack of action against pornography distribution. According to the Kore...
Late Poongsan Group founder’s wife dies at 87

PeopleFeb 1, 2015

Bae Jun-young, wife of the late Poongsan Group founder Ryu Chan-u, died Saturday after suffering from a chronic disease. She was 87. Bae is widely known for her passion in educating and supporting K...