Seoul aims to double halal exports by 2017

The government on Tuesday announced a plan to double Korean exports of halal food to $1.5 billion by 2017.Under the plan, the Agriculture Ministry plans to set up a local standardized system for halal by the end of this year, doub...

[SUPER RICH] SPC chief’s sons come to the fore

The two sons of SPC chairman Hur Young-in are assuming bigger roles in management as the Korean food giant is aggressively expanding its business at home and abroad.In what pundits view as preparations for a transfer of management...

Business sentiment hits 6-year low

Manufacturing firms’ business confidence has dipped to the lowest level in more than six years, hit by the outbreak of Middle East respiratory syndrome, data from the central bank showed Tuesday.According to the Bank of Korea, th...

Regulator gears up to convert bourse into holding company

The nation’s top financial regulator is adding momentum to its plan to remodel the stock operator into a holding company system, a move that prompted backlash from the labor union.The Financial Services Commission and the Korea E...