The Italian Chamber of Commerce in Korea and Edrington Korea are holding a weeklong promotion to promote Campari, a predinner wine imported from Italy.The campaign, “Reddy to Italy,” kicked off Monday to first promote Italy’s aperitivo, a part of the country’s dining culture, and Campari, one of its representative predinner wine brands. The word “reddy” represents the color of the wine and was picked to raise consumer interest in the world of Italian wine, the company said. The Aperitivo Week ru

A local court ruled bonuses and lunch allowances paid to workers at Kia Motors as part of “ordinary wages” Thursday, ordering the nation’s second-largest carmaker to pay 422.3 billion won ($375.5 million) as compensation.The Seoul Central District Court was partially upholding the demand by workers from Kia Motors, the nation’s second-largest automaker, who had claimed 1.09 trillion won, or about 110 million won per worker in compensation. However, the court ordered that they be paid around one-

Amid ongoing talks with the US government to amend the bilateral free trade agreement with South Korea, the head of the nation’s largest group of exporters on Tuesday evening urged business leaders to strengthen cooperation, stressing that it would benefit both in the fast changing trade environment. Speaking at a forum held to welcome members of US congress visiting Seoul, Kim In-ho, Chairman of the Korea International Trade Association said that business leaders should promote bilateral exchan

Beijing Hyundai, a joint venture between Hyundai Motor and BAIC Motor, resumed the operations of its four plants in China on Wednesday, ending a weeklong suspension triggered by delayed payments to a local supplier.Since last week, Hyundai had halted assembly lines at its three plants in Beijing and a fourth facility in Changzhou. The carmaker was forced to stop the assembly lines temporarily, as a local partner declined to supply auto parts over delayed payments for its products.  (Yonhap)Beiji

Hyundai Motor, South Korea’s largest carmaker, has suspended the operations of its manufacturing plants in China, the carmaker said Tuesday.The carmaker’s office in China, Beijing Hyundai, has decided to halt its three plants in the Chinese capital and a fourth facility in Changzhou. (Yonhap)The decision came as local partners are declining to supply auto parts to Hyundai in a show of complaint over delayed payments for their products.Beijing Hyundai has failed to pay around 18.9 billion won ($1

Twelve diesel vehicles imported by Audi Volkswagen Korea, which have been suspended from sales on charges of manipulating related documents, have passed emissions tests set by South Korea’s Environment Ministry, officials said Tuesday.The National Institute of Environmental Research, an agency under the ministry commissioned to run emissions tests on vehicles aiming to enter the market here, has approved the diesel cars, which include the small sport utility vehicle Tiguan and Arteon, the latest

Samsung Electronics Vice Chairman Lee Jae-yong on Monday appealed the verdict that sentenced him to five years in jail over bribery charges, with the tech giant contending the absence of the heir has brought “an unprecedented crisis.”The Seoul Central District Court said legal representatives of Lee had submitted a petition to appeal, claiming that the ruling on Friday had a juridical error and misunderstanding of facts. Samsung Electronics Vice Chairman Lee Jae-yong (Yonhap)The 49-year-old heir

The five-year jail sentence of Samsung’s de facto leader Friday drove the world’s largest producer of smartphones and chips into a deeper quagmire, as Samsung Electronics Vice Chairman Lee Jae-yong was found guilty of all five charges over his involvement in the corruption scandal that led to the impeachment of the nation’s former president.The court acknowledged a special counsel’s accusation that Lee and other executives were aware of President Park Geun-hye’s close relationship with her frien

On the eve of the court’s Friday ruling on Samsung’s de facto leader, tension mounted in South Korea’s corporate community over how the tycoon’s fate would impact the future of the world’s largest producer of smartphones and microchips. On 2:30 p.m. Friday, a local court in Seoul is to deliver its ruling on Samsung Electronics Vice Chairman Lee Jae-yong, who is accused of five charges including bribery, flight of capital and embezzlement. The court decided to deliver the verdict without live cov

Jumping into the market for B-segment crossovers in South Korea, Renault Samsung, the local unit of the French automaker, unveiled a revamped QM3 on Wednesday, highlighting the design heritage of the European country.Known as the Captur in Europe, the crossover utility vehicle was No. 1 in the segment in the market there three years in a row. But to make it appealing in Korea, where masculine German designs are favored, Renault Samsung added “charismatic features” to the existing design. “The ne

Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry, has exhibited a somewhat different image as a member of a chaebol family in the past years. The former Doosan Group chairman and the fifth son of the nation’s oldest conglomerate, posts his daily ride to work via subway train on Twitter, and is known as a man of humor who surprises his staff on April fool’s day. Through a TV program on Korean chaebol some years ago, the chairman even opened up his residence, family and his l

US singer Ariana Grande is to resume her world tour in Paris on Wednesday, more than two weeks after it was interrupted by the Manchester suicide bomb attack.Security will be extra tight in the French capital, a day after police shot and injured a man who attacked an officer outside the world-famous Notre Dame cathedral Roads will be blocked off around the concert venue in the east of Paris while police will help security guards to check fans as they arrive for the show.Even before Tuesday's Not

A Myanmar military plane carrying 104 people went missing on Wednesday over the Andaman Sea, sparking an air and sea search."Communication was lost suddenly at about 1:35 pm (07:05 GMT) when it reached about 20 miles west of Dawei town," the office of military commander-in-chief Min Aung Hlaing said in a statement.Four naval ships and two air force planes have been sent to search for the plane, which was flying between the southern city of Myeik and Yangon at more than 18,000 feet when it went m

British police confirmed Wednesday that the death toll from last weekend's terror attack in London had risen from seven to eight, after announcing a body had been recovered from the River Thames."Detectives investigating the terrorist attack in London Bridge on Saturday, 3 June, can confirm the number of people that were killed as a result of the attack is now eight," a spokesman said.(AFP)

President Donald Trump announced Wednesday that he is tapping former Justice Department official Christopher Wray to serve as his new FBI director, on the eve of critical testimony by his ousted predecessor.Wray, a partner at King & Spalding law firm in Washington and Atlanta, served as assistant attorney general in charge of the Justice Department's Criminal Division from 2003 to 2005, working closely with the FBI."I will be nominating Christopher A. Wray, a man of impeccable credentials, to be

Gunmen and suicide bombers attacked Iran's parliament and the shrine of its revolutionary leader on Wednesday, killing at least two people, wounding dozens and igniting an hours-long siege at the legislature that ended with four attackers dead.The Islamic State group claimed the attacks, marking the first time the Sunni extremists have taken responsibility for an assault in Shiite-majority Iran. The militants are at war with Iranian-backed forces in Syria and Iraq, and view Shiites as apostates.

A reorganization plan set to give higher-level government status to the Small and Medium Business Administration on Monday showed President Moon Jae-in’s drive to nurture smaller companies so they can produce more jobs and even break the market dominance of family-run conglomerates here.The ruling Democratic Party of Korea and the government said they had agreed to create a new ministry supporting small and medium-sized enterprises and venture startups as a part of the reorganization plan. The a

　독일 머크社의 수장인 프랑크 슈탕겐베르크-하버캄프 박사(69)는 코리아헤럴드와의 인터뷰에서 삼성 이재용 부회장을 만난 적이 있다고 말하면서 그가 머크의 소유와 경영의 분리 시스템에 대해서 “깊은 관심을 보였고, 또한 머크의 경험을 배우고 싶어했다”고 말했다.　또한 그는, 이 부회장을 “진중한 비즈니스맨”이라고 평가하면서 본인과의 대화를 통해 “(삼성 지배구조에 대한) 자신의 사고방식이 달라져야 한다고 느낀것 같았다.”라고 말했다. 그러면서 이 부회장이 복귀하게 되면 이 부분에서 변화를 가져올 것이라고 내다봤다. 프랑크 슈탕겐베르크-하버캄프 머크 회장　하퍼캄프 박사는, 한국 재벌의 소유와 경영분리는 시간이 걸리는 문제 이지만 결국 “모두가 가야할 길”이라고 말하면서, 오너 패밀리가 그룹을 “콘트롤” 할 수는 있겠지만 “경영도 같이 할 수는 없는 것“ 이라며 “소유과 경영이 공존한다면 결국 갈등을 야기할것” 이라고 조언했다.　삼성은 B2B 기업인 머크의 오랜 클라언트로, 머크는 삼성의

At least 22 people, including children, died in a suicide bombing at a pop concert packed with teens in the British city of Manchester late Monday.Here is what we know so far about the terror attack, the deadliest in Britain since 2005.   What happened?Police said they were called at 10:33pm (2133 GMT) to reports of an explosion at Manchester Arena during a concert by pop star Ariana Grande, who is popular with teenagers and pre-teens.According to police, the blast occurred "within the foyer are

The Islamic State group claimed responsibility on Tuesday for a bombing in the British city of Manchester that killed 22 people, including children, at a concert.The group said in a statement published on its social media channels that "one of the caliphate's soldiers placed bombs among the crowds," and it threatened more attacks.The group's self-styled news agency Amaq separately claimed "a security squad" carried out the attack. (AFP)