Archive by category Business

Media watchdog to consult U.S. FCC over SK-CJ deal
Media watchdog to consult U.S. FCC over SK-CJ deal

Korea Communications Commission chairman Choi Sung-joon said Thursday he will have discussions with top officials from the U.S. communications regulator over a …

Is K-beauty ready for global halal market?
Is K-beauty ready for global halal market?

From China to the U.S., South Korean cosmetics firms have been making inroads into the global market by diversifying their product lines and brand image to …

Lotte seeks to acquire global luxury houses
Lotte seeks to acquire global luxury houses

The duty-free unit of Hotel Lotte will seek to acquire global luxury brands as well as foreign tax-free operators as part of efforts to expand its presence and …

Korean stocks close higher on eased uncertainties
Korean stocks close higher on eased uncertainties

Korean shares closed slightly higher Thursday as the U.S. Federal Open Market Committee’s (FOMC) March minutes met expectations, analysts said. The local …

Antitrust watchdog widens FX rigging probe
Antitrust watchdog widens FX rigging probe

Korea셲 antitrust watchdog has launched an investigation into foreign banks on speculation over collusions on foreign exchange swap bids, sources said …

Tax change hits sales of luxury company cars
Tax change hits sales of luxury company cars

Tightened taxation rules affected sales of luxury company cars with more than 1 million won ($86,805) price tag, most of which are foreign car brands, in the …

13 Korean builders may face huge fine for collusion
13 Korean builders may face huge fine for collusion

The antitrust watchdog is likely to slap 13 Korean builders with combined fines of 500 billion won ($430 million) for collusion, industry sources close to the …

[Herald Interview] Shaping Korean start-up scene
[Herald Interview] Shaping Korean start-up scene

Since its launch a decade ago, Pangyo Techno Valley in Pangyo, Gyeonggi Province, has grown to become the largest venture hub in South Korea. It houses more …

Jaguar Land Rover Korea expands used car business
Jaguar Land Rover Korea expands used car business

Jaguar Land Rover Korea will strengthen its certified used car business by opening five more preowned car showrooms this year, the company said on Thursday. …

[Newsmaker] Anbang셲 Allianz buy ups ante in Chinese deals
[Newsmaker] Anbang셲 Allianz buy ups ante in Chinese deals

From hotels, movies, games and financial services to energy, manufacturing and information technology, there is not one sector across industries or markets …

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