Archive by category Business

KRX sets up task force to lure Asian blue chip firms

South Korea’s bourse operator said Tuesday it launched a task force to get Asian blue chip companies to go public here. The task force involving …

Hyundai, Kia sales in Europe hit all-time high

Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. logged the largest annual sales ever in Europe last year with their combined market share topping …

Korea’s economic growth to miss gov’t goal: think tank

South Korea’s economic growth will likely undershoot the government target this year due to sluggish exports and domestic consumption, a private think …

Korea’s IoT market soars 28% in 2015

South Korea’s market for the Internet of Things products and services surged 28 percent on-year in 2015, data showed Tuesday, indicating more local firms …

Korea seeks criminal probe into Volkswagen’s recall plan

South Korea’s environment ministry requested the prosecution Tuesday to investigate the local unit of Volkswagen over its plan to recall diesel-powered …

Seoul shares down 0.25% in late morning trade

South Korean stocks traded 0.25 percent lower late Tuesday morning amid growing woes over China’s economy, the top export market for Asia’s No. 4 …

Uber launches luxury sedan service in Korea

Uber, the U.S. taxi-hauling app operator, said Tuesday it was officially launching its luxury sedan service Uber Black in Korea. The premium taxi service teams …

Rising savings rate may further dampen consumption
Rising savings rate may further dampen consumption

Government policymakers are racking their brains to work out measures to boost domestic consumption to prop up the country’s sluggish economy. Briefed on …

Cosmetics a bright spot in Korea’s stock market
Cosmetics a bright spot in Korea’s stock market

The Korea Herald  publishes a series of articles looking at the performance of various sectors on Korea’s main bourse KOSPI. The following is the first …

W80tr fund to support new industries
W80tr fund to support new industries

The government said Monday it would inject 80 trillion won ($66 billion) of public funds this year to nurture new growth engines, including smart cars, …

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