Most Popular
-
1
[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
-
2
Yoon seeks rebound, taps 5-term lawmaker as chief of staff
-
3
[Exclusive] Korean military set to ban iPhones over 'security' concerns
-
4
Medical standoff deepens as doctors reject new med school plan, talks
-
5
[Herald Interview] Why Toss invited hackers to penetrate its system
-
6
[Graphic News] 77% of young Koreans still financially dependent
-
7
Korean, Romanian leaders discuss defense tech, nuclear energy
-
8
S. Korean envoys convene to navigate strategy amid Middle East tensions
-
9
North Korea fires several short-range ballistic missiles into sea: JCS
-
10
Samsung, SK hynix investors dump shares on Nvidia crash
-
S-Oil Q2 net profit more than quadruples
S-Oil Corp. said Thursday its second-quarter net profit more than quadrupled compared to a year earlier, driven by brisk sales of petrochemicals and lubricants.In a regulatory filing, Korea’s No. 3 refiner posted 239.7 billion won ($227.7 million) in net profit for the April-June period, up 346.4 percent year-on-year.Sales shot up 63.4 percent to top 8 trillion won for the same period, setting a r
July 28, 2011
-
Hyundai Steel posts record quarterly figures
Hyundai Steel said Thursday its earnings hit new highs in the April-June period, breaking the previous record set in the first three months of this year.The company posted sales of 4.05 trillion won ($3.8 billion) for the second quarter. This is the first time Hyundai Steel has posted quarterly sales of more than 4 trillion won. In comparison to the same period last year, Hyundai Steel’s sales hav
July 28, 2011
-
Hyundai Motor’s profit up 37% in 2nd quarter
Hyundai Motor Co., the nation’s largest carmaker, logged a 37 percent increase in net income for the second quarter, beating consensus forecast on record overseas sales benefited from the demand-drop for Japanese carmakers after the March earthquake.The company posted a net income of 2.3 trillion won ($2.2 billion) in the April-June period, posting a sharp increase from 1.68 trillion won in the sa
July 28, 2011
-
KT aims to change mobile phone distribution structure
KT Corp. announced Thursday that it is introducing a set of measures, including a fair price system, to revolutionize the mobile phone distribution process that has been untouched for 20 years.Pyo Hyun-myung, president of the mobile business group at KT, told reporters that it will publicize the price of the company’s mobile phones to its customers for them to purchase the gadgets at a fair price
July 28, 2011
-
SKT on road to mutual growth
Country’s top mobile carrier signs shared growth agreement with 360 partnersSK Telecom, the country’s top mobile carrier, is on the road to emphasizing mutual growth as it embarks on a number of projects with its smaller subcontractors.On Tuesday, SKT pledged mutual growth with its seven partners on establishing a nationwide network for fourth generation Long Term Evolution technology. The seven p
July 28, 2011
-
Japan’s retail sales rise for first time since quake
Japan’s retail sales rose in June, exceeding all economists’ forecasts, adding to signs that the economy is bouncing back from an initial post-disaster plunge. Sales rose 1.1 percent in June from a year earlier, the Trade Ministry said Thursday in Tokyo. The median estimate of 16 economists surveyed by Bloomberg News was for a 0.5 percent decline, with the highest estimate for a 0.6 percent gain.
July 28, 2011
-
Obama to set fuel standard goal
July 28, 2011
-
U.S. eyes debt compromise under deadline squeeze
July 28, 2011
-
Asia faces rising price pressures: ADB
Asian economies’ growth slowdown, inflation concerns remainAsian policy makers need to tackle rising inflationary pressures in their economies even as global growth weakens, the Asian Development Bank said. The region can use monetary and fiscal policies as well as exchange rates to ease price pressure, the Manila-based lender said in its Asia Economic Monitor report Thursday. Asian economies also
July 28, 2011
-
K-water head reappointed
Kim Kuen-ho, chief executive of the Korea Water Resources Corp., will retain the office for another year, the Ministry of Land, Transport and Maritime Affairs said Tuesday.The ministry said it received approval from President Lee Myung-bak for its request that Kim be reappointed for an additional year. His three-year term expired Wednesday. Kim Kuen-hoThe decision reflects the ministry’s efforts t
July 28, 2011
-
Air France-KLM in ‘long-term relationship’ with Korea
Air France, the first European carrier to enter the Korean market almost three decades ago, weathered a fair amount of storms here, but it never once thought to cut its services.Instead, it bet even bigger and pledged to stay for the long-term.This unwavering sense of commitment became the driving force behind the company’s fast and steady growth in Korea and Asia, said Erik Varwijk, executive vic
July 27, 2011
-
LGE posts 2nd straight quarterly profit
LG Electronics posted a second consecutive quarter of operating profit meeting market expectations and fueling anticipation for a much-awaited turnaround, the Seoul-based company said Wednesday. The electronics maker’s quarterly operating profit reached 158.2 billion won ($145.8 million), up 20.9 percent from the previous quarter, while sales stood at 14.4 trillion won ($13.3 billion) to rise 9.3
July 27, 2011
-
Hanwha to focus on solar, biosimilars
Hanwha Group, one of the nation’s top conglomerates, will focus its resources on solar power and biosimilar business over the remainder of the year, the group said Wednesday.According to the plans, the conglomerate will direct much of its investment budget for the period into polysilicon production facilities, expanding solar cell and module production lines, biosimilars and other new business are
July 27, 2011
-
KDB’s H1 earnings more than double
South Korea’s state-run Korea Development Bank (KDB) said Wednesday its first-half earnings more than doubled from a year earlier on commission income from its investment banking business.Net income came to 1.02 trillion won ($972.7 million) in the January-June period, up 148.6 percent from the previous year, said the bank, an affiliate of KDB Financial Group Inc. Its operating profit jumped 106.3
July 27, 2011
-
GS Engineering wins W402b order
GS Engineering & Construction Corp., South Korea’s third-largest builder, said Wednesday that it has won a 402 billion won ($383 million) contract to build subway sections in downtown Singapore.Under the deal with Singapore’s Land Transport Authority, GS Engineering will complete the project by the end of 2016, after starting work next month.GS Engineering said that it expects to post 74.5 billion
July 27, 2011
-
Starbucks to introduce instant coffee
Starbucks Korea is considering launching its instant coffee mixes here soon, the president said Wednesday marking the 12th anniversary of the Seattle-based company’s Korean business.“The instant coffee brand, which was launched last year in Japan following the U.S., Canada, and the U.K., would be introduced to Korean consumers,” Lee Suk-koo, the head of Starbucks Korea, said in a press conference
July 27, 2011
-
Adobe keen on tie-ups with Korean tech firms
Eager to ride the wave of mobile revolution that has swept Korea, the chief of Adobe Systems said he aims to double the firm’s revenues here through strong partnerships with local firms.“The goal (of my visit) is to visit significant partners as well as customers because business in Korea continues to grow quite significantly,” Shantanu Narayen, president and chief executive officer of Adobe Syste
July 27, 2011
-
Sulwhasoo targets Chinese women
Amore Pacific, Korea’ top cosmetics maker, is now targeting the fast-growing Chinese market, devising a premium positioning strategy with its high-end herbal medicine cosmetics brand Sulwhasoo.After successfully entering the markets in Hong Kong in 2004 and the U.S. in 2010, the brand Sulwhasoo made its Chinese debut this year. An advertisement for Sulwhasoo at Shin Kong Palace, a Beijing departm
July 27, 2011
-
Amore Pacific creates beauty with herbal medicine
Premium brand Sulwhasoo realizes 66 years of research effortsAmore Pacific, Korea’s top beauty company, officially launched its high-end herbal medicine cosmetics brand Sulwhasoo in Beijing on June 22. With about 100 journalists and industry people in China and Hong Kong in attendance, CEO and president Suh Kyung-bae expressed strong confidence about the brand’s success in Asia as well as in China
July 27, 2011
-
WTO’s Lamy sees paralysis in global trade talks
July 27, 2011