The Korea Herald

Tata Daewoo to strengthen truck lineup to boost sales

Feb 4, 2020

Tata Daewoo Commercial Vehicle Company Ltd., the South Korean unit of Indian carmaker Tata Motors Ltd., said Tuesday it will strengthen its truck lineup to revive sales in Korea. Tata Daewoo will la...
Movie ticket sales fall to 8-year low in Jan.

Feb 4, 2020

South Korean movie theaters saw their total monthly admissions for January drop to an eight-year low, data showed Tuesday, amid fears of the rapid spread of the new coronavirus. According to data co...
Coronavirus scare nudges pharmas to scale up telecommuting

Feb 4, 2020

Multinational pharma firms in South Korea are scaling up the telecommuting options for their employees -- work from home or remote places -- to prevent the spread of the new coronavirus, industry sou...
Overseas trip cancellations sharply up in Jan. due to coronavirus outbreak

Feb 4, 2020

South Korea's tourism industry is expected to take the hardest hit among local businesses here from the outbreak of a new coronavirus as more citizens cancel their overseas trips out of infection con...
S. Korea eases working-hour limit on mask producers amid coronavirus

Feb 4, 2020

South Korea said Tuesday it will exempt local producers of masks and sanitary products from the 52-hour workweek restriction, as such companies are experiencing an unexpected surge in their workloads...
SK batteries to become more ethical

Feb 4, 2020

SK Innovation, an energy solution affiliate of SK Group, said Tuesday it has joined the Responsible Minerals Initiative to facilitate ethical sourcing of minerals for its battery production. RMI is ...
Films on epidemic disease go viral on OTT platforms in Korea

Feb 4, 2020

More people are using OTT services amid mounting fears over the month-old coronavirus epidemic, according to data collected by local over-the-top streaming service operators. Disaster films are espec...
Hyundai's 'Smaht Pahk' places 2nd in ranking of Super Bowl ads

Feb 4, 2020

WASHINGTON -- Hyundai's new Sonata commercial featuring Chris Evans and other stars came in a close second in USA Today's ranking of Super Bowl ads, the outlet said Monday. The 60-second commercial ...
Duty-free sales hit record high in 2019

Feb 4, 2020

Sales at South Korean duty-free stores hit a new annual high of over 24 trillion won last year, industry data showed Tuesday, mainly on the back of more foreign customers, mainly Chinese visitors. T...
[Monitor] Samsung chairman receives W1.4tr in dividend payouts over decade

Feb 4, 2020

According to local corporate tracker Korea CXO Institute, Samsung Electronics’ ailing Chairman Lee Kun-hee will soon receive a dividend of 353.8 billion won ($296 million) for 2019. The firm analyze...
Samsung Heavy Q4 net losses widen on one-off costs

Feb 3, 2020

Samsung Heavy Industries, a major shipyard in South Korea, said Monday that its net losses widened in the fourth quarter from a year earlier due to one-off costs. Net losses for the October-December...
[News Focus] Hanjin siblings vie to woo shareholders with new management plans

Feb 3, 2020

As Cho Hyun-ah teams up with KCGI and Bando, Cho Won-tae expected to present detailed management plan soon
Daewoo E&C, financial firms to invest in new town project in Hanoi

Feb 3, 2020

Daewoo Engineering & Construction said Monday it has agreed with South Korean financial institutions to jointly invest in the construction of a new town project in the center of Hanoi, Vietnam. Acco...
Korea Game Society fundraises for people of Wuhan

Feb 3, 2020

The Korea Game Society on Monday initiated a fundraiser among gamers to support the people of the recent novel coronavirus-hit Wuhan in China’s Hubei province. “We support the people of Wuhan and th...
Boryung Holdings establishes first overseas entity in San Francisco

Feb 3, 2020

Boryung Holdings, the holding company of Boryung Pharmaceutical, established its first overseas entity, Hayan Health Networks in San Francisco, the firm said Monday. “Hayan Health Networks will moni...