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[Newsmaker] Samsung, victims agree to accept upcoming mediation on work-related illness

Samsung Electronics Co. and the advocacy group representing victims of work-related diseases Tuesday inked an agreement to accept upcoming mediation on the long-standing dispute surrounding compensat...

Jul 24, 2018
Industry
LG Chem to invest W2.8tr to expand high value production

South Korea’s LG Chem announced Monday it will invest some 2.61 trillion won to expand manufacturing facilities to raise the capacities of the Naphtha Cracking Center and high value metallocene polyo...

Jul 23, 2018
Economy
Samsung BioLogics Q2 operating profit jumps 137% to W23.7b

Samsung BioLogics, a contract drug manufacturer under South Korea’s Samsung Group, said Monday that its operating profit rose 137 percent on-year to 23.7 billion won ($20.95 million) in the second qu...

Jul 23, 2018
Industry
China’s anti-dumping probe raises fear among S. Korean steelmakers

Beijing’s motives unclear, but could raise concerns for Korean firms, experts say

Jul 23, 2018
Industry
##[Advertorial] Eximbank funds $70m for Jeju Air’s plane purchase

[Advertorial] Eximbank funds $70m for Jeju Air’s plane purchase The Export-Import Bank of Korea (Eximbank) said Monday that it is providing funds of $70 million to low-cost carrier Jeju Air to help ...

Jul 23, 2018
Industry
Customs office seeks arrest warrant for Korean Air heiress

A regional customs office on Monday sought an arrest warrant for a former vice president of Korean Air Lines Co. over smuggling and tax evasion allegations, sources said. Cho Hyun-ah, the eldest dau...

Jul 23, 2018
Industry
BMW partners with Paramount for Mission: Impossible sequel

From the 1986 BMW 5 Series to newly launched M5, several of the German carmaker’s signature vehicles are starring in the new “Mission: Impossible” movie, maximizing its image of dynamic performance a...

Jul 23, 2018
Automode
Tribunal upholds tax office’s taxation of Philip Morris Korea

A protracted tax conflict is likely to run on between tax authorities here and Philip Morris Korea, the local unit of the global tobacco company, as the Tax Tribunal has dismissed an appeal filed by ...

Jul 23, 2018
Industry
Qualcomm refutes FTC’s claims in first trial on W1tr penalty

Legal representatives of Qualcomm on Monday refuted the Korean antitrust watchdog’s claim that it had an “unfair business model” during the first hearing to take place since the chipmaker filed an ap...

Jul 23, 2018
Industry
Upcoming Samsung products to be more conversable with Bixby 2.0

Samsung Electronics is focusing on making the second edition of the digital assistant Bixby more conversable on upcoming flagship products ranging from wearables and smartphones to TV and other home ...

Jul 23, 2018
Technology
BAT Korea launches new HNB tobacco Glo Series 2

BAT Korea unveiled Monday its upgraded heat-not-burn tobacco heating device Glo Series 2 and flavor-intense HNB tobacco stick Neo, designed exclusively for the Glo device. Models pose with BAT Korea...

Jul 23, 2018
Industry
Tax revenue increase far from guaranteed

The Moon Jae-in administration’s expansionary fiscal policy will probably prove unsustainable in a couple of years due to a possible decline in tax revenue that might stem partly from reduced corpora...

Jul 23, 2018
Economy
Pernod Ricard Korea under fire for violating business suspension

The local unit of France-based Pernod Ricard, known for its Ballentine’s and Imperial whisky brands, came under fire Monday for doing business during its three-day suspension of operations. Pernod R...

Jul 23, 2018
Industry
Kospi undergoes most bearish H1 in 5 years

The Kospi, a benchmark index representing South Korea’s top-tier market, experienced the most bearish first half this year in five years, data showed Monday. From January to June, the Kospi fell 5.7...

Jul 23, 2018
Finance
S. Korea, Tanzania agree to deepen economic cooperation

DAR ES SALAAM -- South Korean Prime Minister Lee Nak-yon held talks with his Tanzanian counterpart and agreed to work together to further deepen economic cooperation between the two countries, offici...

Jul 23, 2018
Economy

The Korea Herald by Herald Corporation

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