Most Popular
-
1
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
2
'Culinary Class Wars' producers deny trying to spice up results
-
3
Ex-president's daughter investigated for drunk driving accident
-
4
Seoulites celebrate coexistence at Wellness Seoul 2024
-
5
Netflix, streaming platforms come under fire for loose ratings
-
6
S. Korea, Singapore seal supply chain agreement
-
7
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
8
20 minors registered as CEOs making over 100 million won
-
9
Yoon honors veterans of Korean War in trip to Philippines
-
10
K-pop CEOs sidestep key issues at National Assembly audit
-
S. Korean car market to grow 2% in 2015
South Korea’s automobile market will grow 2 percent on-year to record-high sales of 1.65 million units in 2015, a report by the Korea Automotive Research Institute showed Sunday.The research arm of Hyundai Motor Group said next year’s car sales will surpass the 1.64 million cars sold in 1996, the boom year for the country’s car industry.KARI said next year’s increase will stem from the growing number of older cars on the road that need to be replaced, a rise in demand for SUVs and new vehicles h
Nov. 23, 2014
-
S. Korean car market to grow 2 pct to record high 1.65 mln units
South Korea's automobile market will grow 2 percent on-year to record-high sales of 1.65 million units in 2015, a report by the Korea Automotive Research Institute (KARI) showed Sunday.The research arm of Hyundai Motor Group, the world's fifth-largest automotive conglomerate, said next year's sales will surpass the 1.64 million cars sold in 1996, the boom year for the country's car industry.KARI said next year's increase will stem from the growing number of older cars on the road that need to be
Nov. 23, 2014
-
Hyundai Genesis, Kia K900 win U.S. luxury car awards
Hyundai Motor Co.’s Genesis premium sedan and Kia Motors Corp.’s K900 flagship won automotive awards for excellence at this year’s Los Angeles Auto Show, the two companies said Thursday.The cars that started reaching the North American market this year have been getting positive coverage from local media and praise for their value and quality. Hyundai and Kia are corporate cousins and are flagships of Hyundai Motor Group, the world’s fifth-largest maker of cars in terms of output.Hyundai Motor A
Nov. 21, 2014
-
McDonald’s Korea opens up kitchen
McDonald’s Korea has flung open the doors of its kitchen to assure consumers that fast food can indeed be made in a healthy way.Starting Friday, the Korean unit of the global fast-food chain held its two-day “National Open Day” event at some 270 outlets where customers were given a glimpse into its high-quality ingredients and sanitary food management systems.“National Open Day is designed to publicize the sternly controlled sanitization management system of McDonald’s kitchen and the premium qu
Nov. 21, 2014
-
Hyundai, Kia to provide 162 cars for upcoming ASEAN-Korea summit
Hyundai Motor Co. and its corporate cousin Kia Motors Corp. will supply 162 cars for the upcoming ASEAN-Korea Commemorative Summit meeting set to take place next month, organizers for the event said Friday. The summit, to be held in Busan, aims to celebrate 25 years of constructive dialogue and cooperation between the 10-country-strong political and economic organization and Asia’s fourth-largest economy. The leaders of all the Association of Southeast Asian Nations are to take part in the two-d
Nov. 21, 2014
-
People-focused design shapes offices of future
Improving performance has been the top priority for organizations all over the world, and solutions vary accordingly. “Workplace design has emerged as an important factor affecting the performance of an organization in the era of knowledge-based and technology-driven economy,’’ K. Chung, managing director of Gensler Korea, told The Korea Herald in a recent interview.U.S.-based Gensler, the world’s largest design and architecture firm, has had a consistent interest in using the power of design to
Nov. 21, 2014
-
New KB Financial chairman vows to restore confidence
The new chairman of beleaguered KB Financial Group Co. vowed Friday to earn a new reputation for the country's second-largest banking group by restoring consumer confidence and diversifying its business portfolio. "KB Financial had led the South Korean financial industry a decade ago, but we failed to keep up with the market trend and allowed our competitors to take over our position," Yoon Jong-kyoo said in his inauguration ceremony."I will reorganize the company to improve retail banking busin
Nov. 21, 2014
-
Sales bid for Pantech fails
The auction to sell South Korea's No. 3 smartphone maker Pantech Co. failed again Friday from a lack of bidders, the sale manager said, casting a cloud over the company's normalization.Samgjong KPMG said there were no bidders to acquire the troubled firm, although a handful of tech firms from home and abroad had previously handed in letters of intent. The bidding was originally due to be completed last month, but it was extended to open it up to more firms.Industry watchers said overseas compan
Nov. 21, 2014
-
Hyundai, Kia to provide 162 cars for upcoming ASEAN-Korea summit
Hyundai Motor Co. and its corporate cousin Kia Motors Corp. will supply 162 cars for the upcoming ASEAN-Korea Commemorative Summit meeting set to take place next month, organizers for the event said Friday. The summit to be held in South Korea's largest sea port of Busan, located 453 kilometers southeast of Seoul, aims to celebrate 25 years of constructive dialogue and cooperation between the 10-country-strong political and economic organization and Asia's fourth-largest economy. The leaders of
Nov. 21, 2014
-
Samsung wins over more than half of mobile DRAM market on Apple supply
South Korea's Samsung Electronics Co. dominated more than half of the global market for dynamic random access memory (DRAM) chips in the third quarter this year, data showed Friday, apparently helped by the resumption of its supply to Apple Inc. Samsung's revenue in mobile DRAM products came to US$1.75 billion in the July-September period, up 18.4 percent from the second quarter, the data compiled by industry tracker DRAMeXchange showed, expanding its market share to 50.7 percent from 45.4 perce
Nov. 21, 2014
-
Hyundai Genesis, Kia K900 win U.S. luxury car awards
Hyundai Motor Co.'s Genesis premium sedan and Kia Motors Corp.'s K900 flagship won automotive awards for excellence at this year's Los Angeles Auto Show, the two companies said Thursday.The cars that started reaching the North American market this year have been getting positive coverage from local media and praise for their value and quality. Hyundai and Kia are corporate cousins and are flagships of Hyundai Motor Group, the world's fifth-largest maker of cars in terms of output.Hyundai Motor A
Nov. 21, 2014
-
Samsung Group stock funds rebound in Nov. on reshuffle hope
Investors took their money to securities funds that follow Samsung Group stocks this month as the group's flagship unit, Samsung Electronics Co., clawed back and listing of a key IT affiliate refueled expectations of the top conglomerate's restructuring, data showed Friday. A net 244.8 billion won (US$219.6 million) was injected into 28 funds whose underlying assets are Samsung Group stocks between Nov. 1-19, accounting for 56 percent of the total investment in securities funds, according to dat
Nov. 21, 2014
-
Hyundai U.S. chief dismisses impact from mileage disputes
LOS ANGELES ― Hyundai Motor America CEO Dave Zuchowiski on Wednesday dismissed claims that the carmaker’s fuel efficiency disputes would have any business impact on consumer sentiment and car sales. “It’s something between us and the government. It didn’t affect consumers and dealers at all,” he said at a Hyundai booth during the LA Auto Show that kicked off in the U.S. city on Tuesday. “The news hit the headlines for 24 hours, then it was gone. We are just glad to get it behind us.”Early this m
Nov. 20, 2014
-
Gore Korea wins best workplace award
Gore Korea, the Korean operation of W.L. Gore and Associates Inc., said Wednesday that it has been named one of the Best Companies to Work for in Korea for the fourth consecutive year at the 2014 Great Place to Work Awards Ceremony held in Seoul.The award was conferred by the Great Place to Work Institute, one of the world’s best-known research and management consultancies. Companies are selected based on surveys conducted on employees in the categories of workplace excellence, management and th
Nov. 20, 2014
-
POSCO to kick off pilot run of Rajin-Khasan project next week
South Korea’s POSCO and Hyundai Merchant Marine Co. will commence the pilot run of their project to import Russian coal via a route that passes a North Korean railway next week, industry sources said Thursday, marking a rare example of economic cooperation with the North amid economic sanctions.Under the Rajin-Khasan project, No. 1 steelmaker POSCO will import coal from Russia’s Primorsky Krai, which borders with North Korea, by using a 54-kilometer railway that connects to the North’s port city
Nov. 20, 2014
-
Paradise breaks ground for Yeongjongdo casino
YEONGJONGDO, Incheon ― Paradise Sega Sammy broke ground Thursday for its $1.1 billion Paradise City construction project to build an integrated resort and casino complex in Yeongjongdo Island, Incheon, by July 2017. The company, established in 2012, is a joint venture between South Korean casino operator Paradise Group and Japanese entertainment firm Sega Sammy. Paradise has a 55 percent stake in the firm, while the Japanese partner holds the remaining stake. “Above all, the resort complex boast
Nov. 20, 2014
-
Watchdog estimates N.K. development costs at $500b
The nation’s top financial regulatory body this week estimated a cost of at least $500 billion to cover the financing the development of North Korea if the two Koreas are reunited.“It would take at least $500 billion to develop North Korea (after reunification), which includes economic development and costs for educating North Koreans,” said Shin Je-yoon, chairman of the Financial Services Commission, at a conference on inter-Korean unification and finance held in Seoul on Wednesday. Some $17 bi
Nov. 20, 2014
-
POSCO to kick off pilot run of Rajin-Khasan project next week
South Korea's POSCO and Hyundai Merchant Marine Co. will commence the pilot run of their project to import Russian coal via a route that passes a North Korean railway next week, industry sources said Thursday, marking a rare example of economic cooperation with the North amid economic sanctions.Under the Rajin-Khasan project, No. 1 steelmaker POSCO will import coal from Russia's Primorsky Krai, which borders with North Korea, by using a 54-kilometer railway that connects to the North's port city
Nov. 20, 2014
-
Samsung, LG expected to take 10 pct of Chinese TV market this year
South Korea's Samsung Electronics Co. and LG Electronics Inc. are anticipated to have a combined market share of more than 10 percent in the Chinese TV market for the first time this year, data showed Thursday. The outlook came as Samsung and LG grabbed more than 10 percent in combined market share over the past three quarters. Samsung and LG had market shares of 9.4 percent and 3.6 percent, respectively, in the third quarter, with their combined market share reaching 13 percent, according to da
Nov. 20, 2014
-
Samsung’s two units cancel merger plan
Samsung Heavy Industries, the shipbuilding unit of Samsung Group, said Wednesday that it has scrapped a deal for merging with affiliated plant builder Samsung Engineering due to higher-than-expected share buyback costs. “We have decided to respect the opinion from the market and shareholders,“ Samsung Heavy said in a statement. “The company will reconsider a possible merger with Samsung Engineering, keeping tabs on the market situation and shareholders’ opinions.” The deal, said to be a part of
Nov. 19, 2014