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Hotel Shilla jumps into new race for duty-free rightsAug 23, 2016[ THE INVESTOR ] Hotel Shilla , the brainchild of Samsung heiress Lee Boo-jin , appears likely to enter this year’s race for rights to operate duty-free shops in downtown Seoul, industry source... -
SPC opens first Paris Baguette in China’s Sichuan capitalAug 22, 2016[ THE INVESTOR ] SPC Group has opened its first Paris Baguette chain in Chengdu, located in the southwest area of China that encompasses provinces such as Sichuan. The area has recently been exper... -
Hyosung Group sells off ATM plant in ChinaAug 22, 2016[ THE INVESTOR ] Hyosung Group, led by next-in-line Cho Hyun-joon , sold off its automatic teller machine manufacturing plant in Beijing. Hyosung recently sold its entire stake in Beijing Hyos... -
Kumho Asiana Group heir named director of Kumho HoldingsAug 22, 2016[ THE INVESTOR ] Kumho Asiana Group Chairman Park Sam-koo’s eldest son Se-chang has been named an internal director at the group’s holding company Kumho & Co., according to the firm on Aug. 22. In... -
Naver sets up WAV Media to pave the way for US entryAug 19, 2016[ THE INVESTOR ] Naver , led by founder Lee Hae-jin , has invested 23.3 billion won (US$20.9 million) to establish WAV Media -- a video streaming service -- in the US. Naver confirmed Aug.19 t... -
South Korea’s fourth-richest man unveils new game, “Lost Ark”Aug 19, 2016[ THE INVESTOR ] Smilegate Holdings, founded by South Korea’s fourth-richest person Kwon Hyuk-bin , is set for a pilot run of the firm’s latest massively multiplayer online role-playing game “Los... -
![[CHAEBOL EXPENSES] More entertainment expenses failed to trigger sales at top 6 chaebol](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2016/08/18/20160818001107_0.jpg)
[CHAEBOL EXPENSES] More entertainment expenses failed to trigger sales at top 6 chaebolAug 18, 2016[ THE INVESTOR ] Six of the 10 top South Korean conglomerates spent more on entertaining buyers or others with business connections over the past four years, but the increases did not appear to hav... -
![[CHAEBOL EXPENSES] LG's entertainment bill the biggest among chaebol](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2016/08/18/20160818000969_0.jpg)
[CHAEBOL EXPENSES] LG's entertainment bill the biggest among chaebolAug 18, 2016[ THE INVESTOR ] Among Korea’s top 10 conglomerates, LG Group spent the most in miscellaneous accounts, which mainly appears to have been used for entertainment and promotional purposes, according ... -
![[THAAD] Assets of top entertainment firms’ founders shrink on THAAD controversy](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2016/08/05/20160805001150_0.jpg)
[THAAD] Assets of top entertainment firms’ founders shrink on THAAD controversyAug 5, 2016[ THE INVESTOR ] The stock wealth of the founders of Korea’s top two entertainment agencies -- SM Entertainment and YG Entertainment -- saw a significant fall after South Korea announced its de... -
Hanwha chairman’s son to compete in 2016 Rio OlympicsAug 5, 2016[ THE INVESTOR ] Kim Dong-sun, the third son of Hanwha Group Chairman Kim Seung-yeon , will compete in the dressage event of the 2016 Rio Olympics, according to the group on Aug. 5. This will ... -
![[LOTTE PROBE] Lotte founder detected evading W600b taxes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2016/08/05/20160805000870_0.jpg)
[LOTTE PROBE] Lotte founder detected evading W600b taxesAug 5, 2016[ THE INVESTOR ] Lotte Group founder Shin Kyuk-ho, 94, was found to have evaded billions of won of taxes when bequeathing stakes in Lotte Holdings Japan to his third wife and their daughter. Lot... -
Will Chung Yong-jin get his way with Tesla?Aug 4, 2016[ THE INVESTOR ] Shinsegae vice chairman Chung Yong-jin made headlines in 2014 when he became the first Korean to own a Tesla car. He is now looking to house Tesla’s first dealership in one of... -
Top 10 conglomerates make up 50% of total market value: reportAug 3, 2016[ THE INVESTOR ] Korea’s top 10 conglomerates were found to make up more than half of the nation‘s total stock market value, a report showed Wednesday. According to corporate tracker CEO Score, th... -
![[LOTTE PROBE] Prosecution looking into tax evasion allegations against Lotte founder](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2016/08/03/20160803000600_0.jpg)
[LOTTE PROBE] Prosecution looking into tax evasion allegations against Lotte founderAug 3, 2016[ THE INVESTOR ] The South Korean prosecution is looking into allegations of tax evasions against Lotte Group founder Shin Kyuk-ho, according to prosecutors on Aug. 3. The team at the Supreme Pr... -
![[VW SCANDAL] Fines on VW Korea slammed for falling short of estimates](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2016/08/02/20160802001072_0.jpg)
[VW SCANDAL] Fines on VW Korea slammed for falling short of estimatesAug 2, 2016[ THE INVESTOR ] The 17.8 billion won (US$15.98 million) penalty slapped on Audi Volkswagen Korea has come under fire for the amount, which fell far short of the initially envisioned 300 billion wo...
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01Red mini dress triggers spat over dress code for female lawmakers
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Seoul unveils virus-blocking bus shelter02
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03Flood alert issued in Seoul; boat accidents near dam feared to have killed 7
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Downpour swamps popular tourist spots Jara, Nami islands04
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05Moon's chief of staff, five senior aides offer to resign
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2,500 people displaced after downpour, more rain expected over weekend06
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07No major service disruption reported despite trainee doctors' strike
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New virus cases fall back to 20 as local cases return to single digit08
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09[From the scene] Korea’s quarantine hotel is ‘contagion-free’
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President Moon express regret over NK not informing Seoul of dam discharge10