Archive by category Business

[Herald Interview] What Korea can learn from Japan’s lost decade
[Herald Interview] What Korea can learn from Japan’s lost decade

South Korea can avoid possible economic risks by seeking to gradually transform its economy through structural reforms, rather than depending solely on …

KB Financial stead fast in face of crises
KB Financial stead fast in face of crises

KB Financial Group chairman Lim Young-rok (center) initiates the company’s organization culture reform committee in January, pledging to boost corporate …

FSC approves Yuanta’s buy of Tong Yang Securities

The Financial Services Commission on Wednesday authorized Taiwan-based Yuanta Securities’ stock acquisition of Tong Yang Group’s troubled brokerage house. …

Stock turnover rising on bullish run

Stock turnover on the Seoul bourse is showing signs of improvement as the local bourse continues its upward march, boosted by a series of positive expectations …

Seoul shares close higher on optimism

South Korean stocks rebounded on Thursday as upbeat economic reports from the United States and China encouraged investors to bet on riskier assets, analysts …

BOK chief worried by weak consumption
BOK chief worried by weak consumption

The head of South Korea’s central bank on Wednesday expressed his concerns over signs of waning domestic demand over the past month in the wake of the ferry …

[Herald Interview] ‘Foreigners only’ law may dent Korea’s casino plans
[Herald Interview] ‘Foreigners only’ law may dent Korea’s casino plans

MACAU ― The casino business is one of the very few industries that has been enjoying double digit growth over the years, especially in Asia, but whether …

Uniqlo, Zara, H&M sales exceed W1tr
Uniqlo, Zara, H&M sales exceed W1tr

A Uniqlo store in Jamsil-dong, Seoul. (Bloomberg) The sales of Uniqlo, Zara and H&M, known as the troika of specialty store retailers of private label …

Top 30 business groups fined W2tr over 3 years

South Korea’s top 30 business conglomerates were fined 2 trillion won ($1.95 billion) for 309 counts of violation of antitrust and financial regulatory rules …

Dominique Oh named Philips Korea CEO
Dominique Oh named Philips Korea CEO

Philips named Dominique Oh, who previously led Philips Korea’s healthcare business unit, as the new country manager for the Korean market, the company said …

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