Most Popular
-
1
'Culinary Class Wars' producers deny trying to spice up results
-
2
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
3
Ex-president's daughter investigated for drunk driving accident
-
4
S. Korea, Singapore seal supply chain agreement
-
5
Seoulites celebrate coexistence at Wellness Seoul 2024
-
6
Netflix, streaming platforms come under fire for loose ratings
-
7
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
8
20 minors registered as CEOs making over 100 million won
-
9
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
10
Korean language teaching expert says demand has outstripped supply
-
Airbus’ new jet turns to Asia
TOULOUSE, France ― Airbus, the European aircraft maker, looks to the Asia Pacific region for the success of its new mid-size wide-body jet, the A350.The A350, which is expected to see its first delivery to Qatar Airlines by the year end, is Airbus’ latest large passenger jet model offering up to 350 passenger seats. It competes with the Boeing 777 or 787 Dreamliner in the lucrative long-haul passenger flight market. Airbus beats its arch rival Boeing in the super jumbo jet sector with the A380 o
March 30, 2014
-
Hyundai E&C boosts S. America, Mideast presence
Hyundai Engineering & Construction, the nation’s No. 1 builder, is extending its boundaries in the overseas market as it has won a series of orders from the Middle East and South America over the past few months.In February, the construction unit of Hyundai Motor Group landed the $6 billion (6.4 trillion won) contract to build an oil refinery in the Karbala region in Iraq in coordination with several major Korean builders.The consortium led by Hyundai E&C received the project from the State Comp
March 30, 2014
-
KNOC’s oil exploration makes headway in Iraq, UAE
The state-run Korea National Oil Corp. said it was starting to see tangible results from its crude explorations in Iraq and the United Arab Emirates.Most recently, KNOC announced that it had discovered oil reserves at its Banan-1 facility, in which the company began drilling in September 2013 and reached its goal of 4,000 meters by January 2014.Located at the Hawler oil field in Iraq, Banan is KNOC’s fourth successful crude discovery in the region after Demir Dagh in March 2013, Ain Al Safra in
March 30, 2014
-
Hanwha to host annual symphony festival in April
Hanwha Group will be hosting its annual musical event, the “2014 Symphonic Festival with Hanwha,” at Seoul Arts Center from April 1-18, the company said on Sunday.This marks the 15th year that Hanwha has hosted the event. Up to 20 national orchestras will gather, along with world-class performers invited exclusively for the festival. This way, Hanwha hopes to give back to society and break down the barriers between different regions with music. “Today, it’s not unusual to see companies host arti
March 30, 2014
-
SK Telecom sees little sales boost from Galaxy S5
SK Telecom failed to see a significant rise in mobile-service subscribers through Samsung Electronics’ new smartphone Galaxy S5 despite pushing for an early roll-out.As the nation’s largest mobile carrier is due to begin a business suspension on April 5 for doling out excessive handset subsidies, the company reportedly pushed Samsung to move up the release date to March 27 from the initial launch on April 11. However, the launch of the Galaxy S5 did not seem to positively affect sales. The numbe
March 30, 2014
-
Companies upbeat about Q1 earnings
South Korea’s leading companies are generally upbeat about their earnings in the first quarter and are brushing off initial “earnings shock” concerns, industry and financial sources said Sunday.The predictions come as listed companies prepare to announce their earnings report for the three-month period in the coming weeks, amid worries raised by some investors spooked by a possible repeat of the “earnings shock” of Samsung Electronics Co. late last year.Sources said that forecasts for electronic
March 30, 2014
-
Daewoo E&C supports Algerian waste disposal
Daewoo Engineering & Construction has agreed with the Algerian government to support the country’s handling of urban waste, the amount of which is increasing due to economic growth. Under the agreement, the Korean builder will draw up a master plan to help the provinces of Blida and Bordj Bou Arreridj build and operate waste disposal infrastructure. It will also seek new joint projects in the areas. With 800 million won ($750,000) of funding coming from Korea’s Environment Ministry, Daewoo E&C h
March 30, 2014
-
Volkswagen to offer more specialized services
Carmakers usually do not openly talk about their rivals. But when Hyundai Motor recently unveiled its new Avante and Sonata sedans ― two crucial launches in recent months ― the carmaker never hesitated to pinpoint Volkswagen’s Golf and Passat as key competitors.“The powerhouse of Korea says their cars are getting closer to Volkswagen, which means we are doing great,” Thomas Kuehl, the Korean chief of Volkswagen, told The Korea Herald in a recent interview. Despite its strong presence globally, K
March 30, 2014
-
[Photo News] For better ecology
March 30, 2014
-
Number of new companies jump 16.6 pct in February
The number of newly created companies shot up 16.6 percent on-year in February to 6,633, the Small and Medium Business Administration said Sunday.It also said for the first two months of this year, 13,566 new businesses were created, the highest number reached since the government started compiling related statistics in 2000."The number of new companies rose across the board coming into this year," the SMBA said.It said double-digit growth was achieved in the manufacturing, construction and serv
March 30, 2014
-
S. Korean companies pay 13.6 tln won in dividend payments
South Korean companies whose fiscal year ended in December paid a total of 13.6 trillion won ($12.7 billion) in dividends to shareholders, the Korea Securities Depository said Sunday.The agency said the total takes into account the 892 companies listed on the country's various stock exchanges.It said the 465 companies listed on the KOSPI, the country's main bourse, paid a little over 12.7 trillion won in dividends to their shareholders, while numbers for the 419 businesses on the tech-heavy KOSD
March 30, 2014
-
Cash assets held by conglomerates top 157 tln won in 2013: report
Cash assets held by South Korea's top 30 conglomerates grew sharply to 157.7 trillion won ($147.5 billion) in 2013 as businesses withheld investment in the face of mounting uncertainties, a report by an online corporate research firm showed Sunday.According to CEO Score, cash held by the 171 listed companies belonging to the largest conglomerates, excluding financial firms, were up 18.3 percent from 133.3 trillion won tallied a year earlier."The increase is due to businesses taking a conservativ
March 30, 2014
-
Industrial output drops 1.8% on-month in February
Despite the government’s steady claims that the economy is picking up, South Korea’s industrial output dropped in February for the second straight month, stoking concerns that economic conditions might not be improving as fast as the country is hoping. According to the report by Statistics Korea on Friday, production in the local mining, manufacturing, gas and electricity industries shrank 1.8 percent in February compared to January. This marked the second month in a row that the output has decl
March 28, 2014
-
21 firms may be delisted from Korea Exchange
Up to 21 companies listed on the Korean stock market are likely to face delisting this year, the local bourse operator said Friday.The companies, including seven firms on the main bourse, have been found to have negative capital or have received a disclaimer of opinion from auditors on their financial statements, according to the Korea Exchange.A disclaimer of opinion is issued when an auditor has been unable to obtain appropriate audit evidence and is unable to express an opinion on financial s
March 28, 2014
-
Firms get shareholders' OK for appointments, future plans
A sizable number of South Korea's top firms listed on the main and tech-heavy exchanges held their annual general shareholders' meetings Friday and received approval for the appointment of corporate directors while outlining their plans for the future.The Korea Securities Depository said a total of 497 listed companies whose fiscal year ended in December held their shareholders' meeting during the day.The companies include 157 firms listed on the main bourse KOSPI, 322 companies on the tech-lade
March 28, 2014
-
[Desk Column] Dear Lufthansa, are you racist?
Probably not, but this was the question that first popped into my mind when I heard about a bunch of unfortunate reporters who missed their Lufthansa flight out of Europe a few days ago.This group of journalists flew Lufthansa to and from Germany last week to cover an international conference. They were lucky enough to fly business, but on their way back, they mistook the time of their flight ― they had confused the boarding time and the time the plane actually took off ― and had to buy tickets
March 27, 2014
-
Asiana’s A380 ready for June debut
HAMBURG, Germany ― Asiana Airlines, the nation’s second-largest carrier, unveiled its first Airbus 380 to the Korean press on March 26 at an Airbus facility in Hamburg.According to Airbus, a France-based commercial jet manufacturer, about 24 employees at Airbus’ Hamburg paint shop spent 12 days painting the first A380 plane for Asiana Airlines in the carrier’s colors.Painting a giant airplane is intensive work, as the painters must apply three separate coats of paint ― the primer, customer color
March 27, 2014
-
A stroll through BMW’s heritage
MUNICH, Germany ― On March 18, BMW officials handed over a pair of white gloves to international journalists who participated in a press conference with the brand’s design chief Karim Habib at the BMW Museum located in Munich. Called the “Night of White Gloves,” the guests were allowed to explore the heritage of the brand by strolling through the museum building and do what is normally forbidden ― touch the cars. About 125 vehicles were displayed at the 4,000 square-meter museum site, ranging fr
March 27, 2014
-
Korea may see first disaster relief robot
The chief executive of Korean robot company Robotis hopes his firm will develop the nation’s first humanoid robot capable of disaster relief operations. And THOR-MANG, the Tactical Hazardous Operations Robot, is his biggest hope. The humanoid robot took part in the U.S Defense Advanced Research Projects Agency’s Robotics Challenge in December 2013 as part of a collaboration between Robotis and Virginia Tech, the University of Pennsylvania and Harris Corporation, coming ninth in the semifinals. T
March 27, 2014
-
KT offers big benefits
KT, the nation’s second-largest telecom company, is providing diverse telecommunications services at a discounted price for its users to better enjoy KT’s Internet and voice call services. KT said for two months starting in March it will offer free Internet data and a smart set-top box for those who subscribe to “Olleh Internet” and “Olleh TV.”Customers who sign on for a three-year contract with Olleh Internet will automatically receive a three-month free Internet trial service. Those who sign u
March 27, 2014