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Kanglim , a Korean manufacturer of cranes and other material handling equipment, said Nov. 13 it would buy a controlling stake in women’s underwear maker Namyeung Vivien ’s for 53.8 billion won ($...
KEB Hana Bank said Nov. 11 that it has become the second-largest shareholder of Bank for Investment and Development of Vietnam, the Southeast Asian country’s largest bank by assets. South Korea’s th...
A consortium led by Hyundai Development Co. , has been selected as the preferred bidder for purchasing majority stake in Asiana Airlines , its largest shareholder Kumho Industrial said Nov. 12....
Kendall Square Asset Management has acquired Amazon’s logistics center in Prague, a local business daily reported Nov. 11. “The company paid 180 billion won ($155 million) for the logistics center l...
South Korea’s antitrust watchdog Fair Trade Commission on Nov. 8. gave the greenlight for LG Uplus ’ takeover of cable TV operator CJ Hello , enabling the mobile carrier to capitalize on its pay-...
Top-tier South Korean firms such as Samsung Electronics , LG Electronics and Hyundai Motor may have to pay corporate taxes overseas due to the growing worldwide debate on digital tax, raising c...
Amid a sluggish stock market, the top three South Korean conglomerates -- Samsung, SK and Hyundai Motor Group -- saw their market capitalizations rise this year, while values of the other top 10 pl...
The Fair Trade Commission said Nov. 8 that it has conditionally approved two separate merger and acquisition deals, one led by SK Telecom and the other by LG Uplus , reshaping the local pay TV in...
More non-bank investors are tapping into the private debt market and are increasingly chipping away at the client base for conventional commercial lenders in North America and Europe over the past de...
Standard & Poor’s on Nov. 6 affirmed its AA sovereign credit rating for South Korea, despite earlier slashing its growth outlook. The global rating agency also maintained its stable outlook for t...
South Korea’s exports of agricultural products advanced 1.3 percent in the first 10 months of 2019 from a year earlier, data showed Nov. 7, on the back of strong demand for fresh goods. The count...
South Korean securities firms have forecast the local stock market to fare better in 2020 on hopes of eased US-China trade tensions and other positive factors, sources said Nov. 7. Nine brokerage...
Foreign direct investment in South Korea plunged 37 percent in the first half from a year earlier, a poor performance compared with the United States, China and Japan, a business lobby said Nov. 7. ...
Kwon Yong-won, chairman of Korea Financial Investment Association, was found dead in his house, police said Nov. 6. He was 58. His body was found in his house in Seocho-gu, Seoul at around 10 a.m., ...
Macquarie PE, a global private equity fund operator, has been chosen as the preferred bidder in the race to acquire LG CNS, an IT system unit of LG Group. In the bid that other global heavyweights s...
Techstars Korea to accept applications for 1st batch through March 2020
Celltrion presents Truxima’s results of phase 3 clinical trials in US forum
LG Chem, GM deal ups ante in EV battery competition
Power market open to private firms, price hike needed for green energy expansion
Foreign investors’ bond holdings hit 6-month low
Hanwha’s investment in Overair gets all-clear signal for takeoff
Half of Hyundai Kia cars sold in US are SUVs
KT’s epidemic prevention platform launches in Kenya
December 10, 2019
