Archive by category Business

Battle begins between Hyundai, Elliott over governance revamp plan
Battle begins between Hyundai, Elliott over governance revamp plan

US hedge fund activist Elliott said Friday that it will vote against Hyundai Motor Group‘s corporate governance reform scheme, raising concerns over the fund …

SK E&C sets sights on $15b canal project in Turkey
SK E&C sets sights on $15b canal project in Turkey

South Korean builder SK Engineering and Construction’s top official has expressed intent to lead a canal project in Turkey, citing its track record in …

KOTRA to move Southeast Asian headquarters to Hanoi
KOTRA to move Southeast Asian headquarters to Hanoi

The Korea Trade-Investment Promotion Agency said on Thursday it will move its regional headquarters of Southeast Asia and Oceania from Singapore to Vietnam, in …

Korea’s ginseng eyes Asia-Pacific expansion
Korea’s ginseng eyes Asia-Pacific expansion

SINGAPORE — While ginseng products have long been consumed by all age groups in South Korea, the spreading of information on their convenience and …

GM, Seoul agree on $7.15b rescue plan
GM, Seoul agree on $7.15b rescue plan

General Motors has decided to set up its Asia-Pacific regional office in South Korea, among other measures to boost its operation here, while agreeing with the …

Korean Air chief quits top post at Jin Air
Korean Air chief quits top post at Jin Air

Korean Air Chairman Cho Yang-ho on Thursday quit the top post in Jin Air Co. amid ongoing investigations into his family over a series of allegations of …

Korea, Japan, China leaders meet over economic partnership
Korea, Japan, China leaders meet over economic partnership

A trilateral business summit attended by leaders and business representatives from Korea, Japan and China took place in Tokyo on Wednesday, jointly hosted by …

Customs agency to set up special team over Hanjin’s alleged smuggling
Customs agency to set up special team over Hanjin’s alleged smuggling

The Korea Customs Service is reviewing setting up a special team to improve its customs administration system with respect to growing suspicion over family …

Korea Ginseng Corp. to attend global duty free show in Singapore
Korea Ginseng Corp. to attend global duty free show in Singapore

Korea Ginseng Corp. will participate in this year’s TFWA World Exhibition & Conference in Singapore for the second year in a row with aims to promote its …

[Doing Biz in Korea] ‘Koreans are hard-working but shy’
[Doing Biz in Korea] ‘Koreans are hard-working but shy’

The Korea Herald is publishing a series of features and interviews on South Korea’s business environment for foreign companies and investors. This is the …

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