Steelmaker turns its Seoul headquarters into cultural space for community relations

Banks are faced with the task of streamlining their costs, while at the same time looking to expand abroad to survive in an era of slow growth and limited resources, according to Korea’s chief of one of Korea’s top government-run banks. “I have always prioritized cost reduction, as it is the most effective way of utilizing limited human and financial resources,” Kwon Seon-joo, chairwoman and CEO of the Industrial Bank of Korea, told The Korea Herald in an interview.Such policies were shaped not

Resort island offers new chances for companies seeking Seoul alternative for better work environment

American casual dining restaurant TGI Fridays released two kinds of “Simple Meals” for diners, presenting a salad, main and sides, all in a single dish.The Grilled Steak and Salad menu is composed of chuck steak, Oriental vegetable salad and fried rice with shrimp for 15,000 won. The Fried Pork Steak and Salad offers a pork sirloin cutlet with a side of mushroom sauce and chili fries for 13,000 won. For more information, visit www.tgif.co.kr. (baejisook@heraldcorp.com)

Lotte joined hands with Nestle, the world’s largest food maker, to target the overseas market where a growing number of people are starting to appreciate the taste of Korean-style instant coffee mix.On Jan. 27, Lotte Food, the food manufacturing division of the country’s fifth-largest business conglomerate, established LOTTE-Nestle (Korea) Co. with Nestle Korea after investing 50 billion won in a 50 percent stake. The new firm will produce an instant coffee mix consisting of powdered coffee and

GE execs keen to learn Samsung’s recipe for success, according to author of ‘Samsung Way’

Growing demand for solar power in China and Japan creates momentum for Hanwha

Ha Sung-yong, CEO of Korea Aerospace Industries, the country’s sole aircraft manufacturer, expressed his confidence in winning the upcoming U.S. Air Force T-X project that involves replacing outdated trainers. “The project will be one of the key overseas orders that KAI has set its sights on. I am confident about winning the deal if the competition is launched, as KAI’s T-50 Golden Eagle supersonic trainer is the model most similar to the U.S. Air Force’s F-16 and F-35 fighters,’’ Ha said. Durin

Luxury brands put front and center to catch discerning eyes

Coffee shop chain offers society-wide support to create jobs and bolster economy

Crisis, challenge and renovation key terms in business moguls’ messages