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The Korea Herald

Industrials

October 10, 2018
Struggling shipping firms to get liquidity support

[THE INVESTOR] A state-run maritime business promotion corporation said on Oct. 10 it will provide liquidity support for cash-strapped shipping firms and fund eco-friendly projects. The Korea Ocean Business Corp. said it will provide 138 billion won (US$121.90 million) worth of guarantees for ...
October 10, 2018
Corporate sales, employee salary show gains while hiring stalls

[THE INVESTOR] The country’s leading firms have increased their sales and employee salaries over recent years but hiring has stalled, an analysis showed on Oct. 10. Corporate appraiser CEO Score studied 307 of the top 500 companies in terms of sales and found that their annual employee salari...
October 04, 2018
One in 4 chaebol family members put up shares as collateral

[THE INVESTOR] One in four family members of Korea’s major conglomerate owners have put up shares as collateral to take out loans from financial institutions, a market tracker said on Oct. 4. CEO Score said that 178 owner family members of 51 conglomerates, known here as chaebol, have offered...
October 01, 2018
Asiana on track to cut debt by half to W2tr this year

[THE INVESTOR] Asiana Airlines said on Oct. 1 it is on track to halve its overall debt to 2 trillion won (US$1.8 billion) this year. “The company will be able to pay short-term liabilities worth about 2 trillion won by the end of December, further improving its financial status,” an Asiana s...
September 27, 2018
Kumho Tire signs 10-year technology deal with Pakistan firm

[THE INVESTOR] Kumho Tire said on Sept. 27 it has signed a 10-year technology transfer agreement with a Pakistani company. In the deal which will run through September 2028, Kumho Tire will transfer technologies required to manufacture 28 tire products for passenger and commercial vehicles to ...
September 21, 2018
Hanwha Energy, Korea Midland Power to develop US solar plant

[THE INVESTOR] Hanwha Energy and Korea Midland Power will build a solar power plant in the United States by 2020, Hanwha Group said on Sept. 21. The construction of a 150-megawatt solar power plant is scheduled to begin in December 2019 and to be completed a year later in Boulder City, southea...
September 20, 2018
Korean Air chief quizzed over embezzlement charges

[THE INVESTOR] Cho Yang-ho, chief of Korean Air, appeared for prosecution questioning on Sept. 20 as part of an ongoing probe into a series of allegations, including embezzlement and tax evasion. Cho, chairman of Hanjin Group, which includes the national flight carrier, arrived at the Seoul So...
September 19, 2018
Cigarette sales down on campaign, higher prices

[THE INVESTOR] Sales of cigarettes in Korea declined 1.1 percent in the first eight months of 2018 from a year earlier due to a government-led anti-smoking campaign and higher prices, data showed on Sept. 19. Korean smokers purchased 2.31 billion 20-cigarette packs in the January-August period...
September 17, 2018
Hankook Tire makes DJSI World index for 3rd straight year

[THE INVESTOR] Hankook Tire Manufacturing said on Sept. 17 it has been included in the Dow Jones Sustainability World Indices for the third consecutive year. Hankook Tire ranked in 2018 as one of the most outstanding companies in the Auto Components Sector, scoring high marks in the areas of e...
September 17, 2018
Home appliance sales hit new high in July

[THE INVESTOR] Home appliance sales in Korea reached a new high in July as the country was gripped by the worst heat wave in more than a century, government data showed on Sept. 17. The constant index for electronics sales came to 189.1 for July, the highest level since 2005, when related data...
September 13, 2018
Air Busan files for preliminary screening of IPO

[THE INVESTOR] Air Busan, one of Korea’s low-cost carriers, has applied for a preliminary screening of its planned initial public offering, an official of the country’s bourse operator said on Sept. 13. The budget unit of Asiana Airlines, the country’s second-biggest full-service carrier, c...
September 13, 2018
Corporate sales, profit margin mark solid growth in Q2

[THE INVESTOR ] Korean companies enjoyed an increase in sales and better profitability in the second quarter of the year on the back of brisk performances by chipmakers, a central bank report showed on Sept. 13. The ratio of operating profit to sales of non-financial firms in the country reach...
September 13, 2018
Daewoo Electronics launches mini dryer

[THE INVESTOR] Daewoo Electronics said on Sept. 13 it has launched a new small dryer mainly for single- or two-person households. The dryer, named “mini,” is roughly one-fifth the size and a quarter the weight of a conventional machine, the company said. Its width of about 40 centimeters all...
September 12, 2018
LG Chem acquires US adhesive firm Uniseal

[THE INVESTOR] LG Chem said on Sept. 12 that it has acquired Uniseal, an American maker of specialty adhesives and sealants in a move to diversify its business portfolio. The firm purchased a 100 percent stake in Uniseal from its parent company, Koch Enterprises in a deal worth about 150 billi...
September 10, 2018
LG Hausys to invest US$50m in US

[THE INVESTOR] LG Hausys, a building material making unit of LG Group, said on Sept. 10 that it has decided to invest US$50 million in the United States to expand its production facility of engineered stone. The new facility -- set to be completed in Georgia by December 2019 -- will have an an...

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