All posts tagged "Business"

  • Lotte Group Chairman Shin Dong-bin apologizes in a press conference at Hotel Lotte in Seoul on Aug. 11, 2015. (Yonhap)
    Lotte chief apologizes for family feud, vows governance reform

    SEOUL (Yonhap) — Shin Dong-bin, the head of the country’s No. 5 conglomerate, apologized Tuesday over the group’s much-criticized succession feud and pledged to make the retail giant’s murky governance structure more transparent. Lotte is embroiled in...

    • Posted August 11, 2015
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  • (Yonhap/KCNA)
    87% of S. Korean firms willing to do business in N. Korea if peninsula unified

    SEOUL (Yonhap) — A majority of South Korean companies are interested in doing business in North Korea after the divided peninsula is unified, but most think strained inter-Korean relations may make a united Korea unlikely, a poll...

    • Posted August 10, 2015
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  • Rim Ji-hoon, 35, head of investment firm K Cube Ventures, will become the new CEO of Daum Kakao, the company said on Aug. 10, 2015. (Yonhap)
    Daum Kakao appoints S. Korea’s youngest CEO

    SEOUL, South Korea (AP) — The South Korean company behind popular mobile messenger app Kakao Talk named a 34-year-old startup investor as CEO who will be the country’s youngest corporate boss. Rim Ji-hoon was named CEO of...

    • Posted August 10, 2015
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  • Audi TT sports coupe. (Photo courtesy of Audi Korea/Yonhap)
    Imported car sales in S. Korea jump 14 pct in July

    SEOUL, Aug. 6 (Yonhap) — Sales of imported cars in South Korea jumped 14.3 percent in July from a year earlier, driven by strong demand for German vehicles, industry data showed Thursday. According to the data by...

    • Posted August 6, 2015
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  • Samsung is hoping to reverse its dimming smartphone fortunes with two new phones set for release in 20 countries. (AP Photo/Eric Risberg)
    Samsung cuts smartphone prices globally amid falling market share

    SEOUL (Yonhap) — South Korea’s tech giant Samsung Electronics Co. said Thursday it has slashed the prices of its two latest flagship smartphones in key markets, a move seen to be aimed at retaining its falling share...

    • Posted August 6, 2015
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  • Lotte Group Chairman Shin Dong-bin talks to reporters upon his arrival at Seoul's Gimpo International Airport on Aug. 3, 2015. (Yonhap)
    Lotte heir vows all-out efforts to end family feud

    SEOUL (Yonhap) — Shin Dong-bin, the younger son and heir apparent of Lotte Group founder Shin Kyuk-ho, pledged Monday to do his best to resolve a bitter family conflict over control of the retail empire whose business...

    • Posted August 3, 2015
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  • A woman walks by the advertisement of Samsung's Galaxy S6 smartphone outside its showroom in Seoul, South Korea, Wednesday, April 29, 2015. Samsung Electronics Co. said its first-quarter net income plunged 39 percent as consumers switched to bigger iPhones, squeezing its profit from the mobile business to less than half from a year earlier. (AP Photo/Lee Jin-man)
    Galaxy S6 fails to reverse profit decline at Samsung

    SEOUL, South Korea (AP) — Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales. The company’s overall earnings drop during the April-June...

    • Posted July 30, 2015
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