Most Popular
-
1
Military aircraft evacuating S. Koreans in Lebanon returns home
-
2
Yoon set for talks with Marcos in Philippines
-
3
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
4
Korean bands get their day in the sun, finally
-
5
Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
-
6
2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
-
7
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
8
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
9
Firefighters’ 3,000 won meals spark nutrition concerns
-
10
From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
-
[Herald Interview] Data analysis helps Memebox find beauty market niche
Memebox is a relatively new face in the South Korean beauty industry which is largely dominated by cosmetics giants such as Amorepacific, Estee Lauder and MAC. Entering a market occupied by such established corporations poses challenges for any newcomer. But Memebox saw an opportunity in what seemed an already crowded market. It jumped into the sector as a cosmetics subscription and delivery service in 2012. “Other cosmetic companies are good at making products. What we do better is to try to
July 15, 2016
-
Hyundai Group loses control over Hyundai Merchant Marine
[THE INVESTOR] Hyundai Group on July 15 lost control over Hyundai Merchant Marine, with the shareholders approving the seven-to-one reduction of capital held by group chairwoman Hyun Jeong-eun and affiliates. Once all related processes are over, HMM will become a subsidiary of the Korea Development Bank. Hyundai Merchant MarineThe stakes held by Hyun, Hyundai Elevator and Hyundai Global will be reduced to 3.64 percent from the current 22.64 percent. Hyundai Global is the de facto holdings firm f
July 15, 2016
-
Samsung Electronics to invest $448.2 mln in China's BYD:
Samsung Electronics Co., the world's biggest maker of smartphones, will invest 3 billion yuan ($448.2 million) in a Chinese electric carmaker, BYD Co., an investment-banking source said Friday. The investment is expected to forge a strategic partnership between Samsung, which also produces semiconductors and liquid-crystal displays for cars, and BYD, according to the source. The Chinese unit of Samsung will buy new shares of BYD when the Chinese carmaker launches a rights offering. If the rights
July 15, 2016
-
Convenience stores find new customers with coffee, desserts
Convenience stores are gaining a big customer base through cafe-style coffee and bakeries that are cheaper in price but satisfactory in quality, industry officials said Friday.The industry's leading chain CU said its January-June sales of brewed coffee were up 64.2 percent from the same period last year.The sales of baked goods, made in the store's own oven, increased 12.6 percent, and that for cakes and other desserts jumped 92.1 percent, it said.Seven Eleven reported a 306.2-percent leap in sa
July 15, 2016
-
Boyrung Biopharma launches 5-year cord blood research project
[THE INVESTOR] Boryung Biopharma is to research immune cell treatments using umbilical cord blood in collaboration with Seoul St. Mary’s Hospital.The company said on July 14, that it signed an agreement with the hospital to conduct research in a 5-year project aimed at developing a range of treatments for immune cells. By Choi He-suk (cheesuk@heraldcorp.com)
July 15, 2016
-
IPO mulling Sampyo takes top spot in ready-mix concrete biz
[THE INVESTOR] Sampyo Group became the largest ready-mix concrete supplier in South Korea in 2015, industry data showed on July 15. Sampyo is now mulling IPO.Excluding subsidies, however, the top ready-mix supplier was Eugene Corp. that has maintained its position since 2006. SampyoAccording to the Korea Ready Mix Concrete Industry Association, Sampyo companies’ combined output came in at 7.57 million cubic meters in 2015. The figure is 32.5 percent higher than the previous year, and 130,000 cub
July 15, 2016
-
S. Korea eyes Muslims for tourism growth
Rika Lim is a big fan of South Korean actor Lee Min-ho after watching a 2009 television series "Boys over Flowers," and planned a "girls' weekend trip" to Seoul.The 23-year-old college student from Indonesia said she had so much fun touring cosmetic stores and character shops in Myeongdong and hanging out in Dongdaemun market, a sleepless fashion mecca, at night. With easy access to free Wifi and subway lines linked to popular sightseeing areas, Lim and her three friends hung out in hipster area
July 15, 2016
-
[Super Rich] Born to be rich
[THE INVESTOR] Of the nation’s 100 wealthiest people, 76 are the second or third generation members of the founding family of South Korea’s top conglomerates, as of this year, according to a recent study by The Investor and The Herald Business. Here are five such individuals who are the wealthiest compared to their well-to-do peers in the same age bracket, ranging from under 40 years old to those in their 70s. Richest under 40: Koo Gwang-mo LG chairman’s grandson Koo Gwang-mo, 38, of the LG Gro
July 14, 2016
-
Ikea refuses to recall dangerous dressers here
Furniture-maker Ikea is facing public outcry over its refusal to recall dressers that have been linked to six deaths in North America from its Korean stores, despite recalling the line from its stores in the U.S. and Canada.The problematic Malm dressers are still available for purchase in Korean Ikea stores. Roughly 40,000 of them have been sold in Korea since they were first released in December 2014.The dressers must be firmly attached to the wall before being used to prevent them from tipping
July 14, 2016
-
S-Oil teams up with students to protect endangered animals
Oil refining giant S-Oil has selected a group of university students to protect endangered animals, officials from the company said Wednesday.The company held a ceremony for 40 students tasked with the mission. They will go on a camp for three days to learn about the endangered animals’ habitats and conduct ecological research, the officials said.Students receive certificates that recognize them as S-Oil’s endangered animal protectors. (S-Oil)In 2008, S-Oil signed a memorandum of understanding w
July 14, 2016
-
Soju production hits record high in 2016
The production of soju has hit a record high this year, surpassing 581,000 kiloliters from January to May, data showed Thursday.According to Statistics Korea, soju production rose 0.4 percent on-year to reach 581,563 kiloliters. This is equivalent to nearly 30 bottles of soju per Korean person.The number includes different variations on soju, such as those infused with fruit flavors.The spike in soju production is attributed by many industry watchers to a sluggish economy. Soju is one of the che
July 14, 2016
-
Celltrion’s Remsima bolsters presence in Europe
[THE INVESTOR] South Korean biopharmaceutical company Celltrion has increased its market presence in Europe with biosimilar Remsima, the company said on July 14. Celltrion’s Remsima -- biosimilar replication of the world’s third best-selling rheumatoid arthritis treatment drug Remicade, or Infliximab -- has captured a 30 percent share of the overall Infliximab market in Europe, according to IMS Health, a market data provider. Celltrion's biosimilar RemsimaThe latecomer Remsima began selling in E
July 14, 2016
-
HHIC Holdings kicks off sale of 3 energy subsidiaries
[THE INVESTOR] Hanjin Heavy Industries and Construction Holdings on July 13 began the process of selling three energy-related subsidiaries. The companies -- Daeryun Power, Byeollae Energy and Daeryun E&S -- are to be sold as a bundle, and the sale will be conducted by Mirae Asset Daewoo. Hanjin Heavy's Subic ShipyardHHIC Holdings and Daeryun E&S each hold 29.17 percent and 50 percent in Daeryun Power and Byeollae Energy, respectively. Daeryun E&S, a gas supplier, is 100 percent owned by HHIC Hol
July 14, 2016
-
China’s anti-dumping tariffs on Taekwang unrelated to THAAD: Foreign Ministry
[THE INVESTOR] The Korean government has denied that China’s decision to slap a 4.1 percent anti-dumping tariff on acryl fabrics produced by Taekwang Industrial was in retaliation for its proposal to deploy an advanced anti-missile system here.“The measure is unrelated to Seoul’s decision to deploy the Terminal High Altitude Area Defense or THAAD system,” the Ministry of Foreign Affairs said on July 14. China’s Trade Minister began reviewing anti-dumping measures for acryl fabrics produced in So
July 14, 2016
-
Hanwha to regain part of W315b deposit lost in DSME deal
[THE INVESTOR] The Supreme Court on July 14 ruled that Hanwha Group(chairman Kim Seung-youn) should receive part of the 315 billion won (US$ 277 million) deposit lost during its 2009 attempt to take over Daewoo Shipbuilding and Marine Engineering. The top court ruled that Hanwha’s loss of such a large deposit was unfair, and returned the case to the lower courts. Hanwha Group headquarters in downtown Seoul“Confiscating the entire deposit of 315 billion won is excessive, even if the confiscation
July 14, 2016
-
[Photo News] Top in sales service
GM Korea CEO James Kim speaks at a ceremony at the carmaker’s Bupyeong headquarters in Incheon on Thursday to congratulate Chevrolet on winning the best prize among vehicle brands in the sales service category of the Korean Service Quality Index study conducted by Korea Management Association Consulting.GM Korea
July 14, 2016
-
Hyundai Motor records lowest Q1 operation rate in 5 years
[THE INVESTOR] Hyundai Motor recorded the lowest domestic capacity utilization rate in five years during the first quarter of this year, data showed on July 14. The carmaker’s regulatory filings showed that its domestic capacity utilization rate came in at 98.4 percent, down from 104 percent recorded in the same period last year. Hyundai Motor’s first-quarter capacity utilization rate has hovered between 99.6 percent and 104 percent since 2012. Hyundai Motor headquaters in SeoulThe company attri
July 14, 2016
-
Hyundai Heavy's sale of HI Investment face rocky start
[THE INVESTOR] Hyundai Heavy Industries Group’s plans for selling off HI Investment & Securities could be getting off to a rocky start with potential buyers taking a reserved approach. The sale is part of the shipbuilding conglomerate’s restructuring plans, and while a number of securities firms have been listed as potential buyers, their response so far has been lukewarm. The group holds 85.3 percent of Hi Investment & Securities through Hyundai Mipo Dockyard. Hyundai Mipo Dockyard’s largest sh
July 14, 2016
-
Supreme Court rules against Samsung C&T’s trademark application
[THE INVESTOR] The Supreme Court has ruled against Samsung C&T (formerly Cheil Industries) saying that its trademark for a fashion brand lacks originality, as it is similar to that of Switzerland’s Bally.On July 14, the court reversed the ruling from the original suit filed by Samsung C&T to cancel Korean Intellectual Property Office’s decision not to register its trademark: a black pentagon shaped like a house with a roof in which two different-sized arches on their sides are placed vertically.
July 14, 2016
-
Ryukyung PSG to acquire 5 Homeplus stores
[THE INVESTOR] Homeplus, the nation’s No. 2 discount supermarket chain, said on July 14 that it has recently decided to sell five of its stores to Ryukyung PSG Asset Management through a sales-leaseback transaction. The deal price is estimated at over 600 billion won (US$526 million). The company will acquire the stores and lease them back to Homeplus that is owned by MBK Partners, the nation’s largest equity fund. Homeplus said the new cash will be used for the company’s future growth. The deal
July 14, 2016