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Hyundai to export 500 Xcient trucks to Indonesia

Hyundai Motor, South Korea’s leading automaker, said Wednesday it sealed a deal with Hyundai Oto Komersial Indonesia to supply 500 units of the Xcient heavy truck. The volume of the latest deal is H...

Sept 20, 2017
Automode
[Herald Interview] Suprema seeks opportunity in mobile fingerprint scanner

These days, the key is to go mobile, meaning integrating technologies and solutions onto mobile devices often become the make or break factor in the fast-changing industries. The same goes for a Kor...

Sept 20, 2017
Industry
S-Oil CEO delivers Chuseok holiday gifts to neighbors

S-Oil CEO Othman Al-Ghamdi on Wednesday held the company‘s annual charity event to support the underprivileged on the occasion of Chuseok, the company said Wednesday. The CEO and some 100 S-Oil empl...

Sept 20, 2017
Industry
LG Chem, Proterra announce co-development of new battery cell

LG Chem and Proterra, a California-based heavy-duty electric transportation manufacturer, announced on Wednesday the co-development of new battery cells. Proterra reported that its zero-emission bus...

Sept 20, 2017
Automode
Toshiba picks Bain, SK hynix, Apple group to sell its memory unit

After three-month-long negotiations, Japanese conglomerate Toshiba selected a global consortium led by US private equity group Bain Capital to sell its memory business, according to news reports on W...

Sept 20, 2017
Technology
Corporate watchdog lunches probe into Hite Jinro for investigation obstruction

South Korea's corporate watchdog has launched an investigation into Hite Jinro Co., one of the country's largest distillers, for obstructing an investigation, industry sources said Wednesday. Offici...

Sept 20, 2017
Industry
[Photo News] Bayer Korea-KOTRA showcase local digital health startups

DIGITAL HEALTH STARTUPS ON SHOW -- Bayer Korea and the Korea Trade-Investment Promotion Agency held Tuesday a “demo day” showcasing the finalists of their jointly-launched digital health care startup...

Sept 20, 2017
Technology
Monthly leases account for more than 60% of Korea's housing rental system in 2016: report

Monthly lease agreements accounted for more than 60 percent of South Korea's housing rental market last year as fewer people opt for the so-called "jeonse" system, a report showed Wednesday. Accordi...

Sept 20, 2017
Economy
Seoul shares down late Wednesday morning

South Korean stocks traded slightly lower late Wednesday morning as investors took to the sidelines awaiting the results of the US Federal Reserve meeting. The benchmark Korea Composite Stock Price ...

Sept 20, 2017
Finance
Sales of new Genesis G70 sports sedan starts in Korea

Hyundai Motor Co. said Wednesday that sales of its Genesis G70 sports sedan have begun in its home market, as the company gears up for the car's global rollout early next year. The G70, the third se...

Sept 20, 2017
Automode
Korean biz survival rate lower than EU

South Korean small and medium enterprises have a lower survival rate than their European Union counterparts with some 6 out of 10 surviving more than one year and less than 30 percent past five years...

Sept 20, 2017
Economy
Firms reorganize wage systems to head off possible court battle after Kia case: sources

South Korean companies are struggling to restructure their wage systems to stave off a possible court battle over "ordinary wage" which serves as the basis for overtime, severance and other payments,...

Sept 20, 2017
Industry
Korea to kick off nationwide shopping festival next week

A nationwide shopping festival involving hundreds of retailers and traditional markets will begin next week, the government said Wednesday, as it aims to draw foreign travelers amid a sharp decline i...

Sept 20, 2017
Industry
Ex-KAI head detained over alleged fraud, negligence

A former chief of Korea Aerospace Industries Co. has been detained for questioning in a major corruption scandal, prosecutors said Wednesday. The Seoul Central District Prosecutors' Office put Ha Se...

Sept 20, 2017
Industry
Seoul shares open slightly higher on Wall Street gains

South Korean stocks opened slightly higher Wednesday, following overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 1.9 points, or 0.08 percent, to 2,417.95 in the ...

Sept 20, 2017
Finance

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Shin Chang Hoon
Tel : 02.727.0114