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South Korea’s nonlife insurance firms saw their combined net profit drop 24.6 percent in the first nine months of 2019 from a year earlier, mainly due to increased losses stemming from their long-ter...
Volkswagen, Fiat Chrysler Automobiles and five other companies will recall more than 12,000 vehicles due to faulty components, the transport ministry said Monday. This is the latest in a series o...
China’s import value of South Korean instant noodles jumped fivefold last year compared to 2014, industry data showed on Dec. 1. According to the Korea Trade-Investment Promotion Agency, China impor...
ULSAN -- SK Energy, an affiliate of SK Innovation, is set to complete the construction of its vacuum residue desulfurization facility in January, in time for the implementation of tighter environment...
S-Oil, headquartered in Seoul and wholly owned by Saudi Aramco, is unlikely to be affected by concerns about lower fuel prices and stricter environmental rules, according to analysts. The new Intern...
South Korean steel firm Posco said on Dec. 1 that it would offer incentives to socially responsible firms from Monday as part of its own efforts to contribute to society. Socially responsible firms...
The number of foreigners visiting local duty-free shops surpassed 1.8 million last month, hitting the highest monthly mark since late 2016, industry data showed Nov. 28. Statistics provided by th...
Hyundai Glovis said Nov. 28 it has set up two joint ventures in China to advance into the local secondhand car and shipping markets. The logistics unit of Hyundai Motor Group and Beijing Changjiu...
GS Energy, a unit of energy and retail conglomerate GS Group, said Nov. 28 it has partnered with a Vietnamese asset management firm to build a power plant fired by liquefied natural gas there to tap ...
SK Chemical on Nov. 27 announced that its SID 710, a patch-type medication that aims to treat people with Alzheimer’s disease has won sales approval from the US Food and Drug Administration. The pat...
Large South Korean companies’ ability to service their debts worsened sharply in the first nine months of this year due to plunging profits, a corporate tracker said Nov. 27. The interest coverag...
Hyundai Motor Group said Nov. 27 it will complete the construction of its new headquarters in downtown Seoul by 2026 after breaking ground early next year. The Seoul Metropolitan Government has g...
BUSAN -- Some 75 trade agencies from 10 Southeast Asian countries gathered at the ASEAN-ROK Business Expo for a two-day investment seminar as part of the commemorative summit held in Busan, the Korea...
South Korean biopharmaceutical firm Celltrion said Nov. 26 that its drug Remsima SC for the treatment of autoimmune diseases has won sales approval in Europe. The European Medicines Agency has gi...
The number of newly established firms in South Korea fell nearly 7 percent in the first nine months of the year on a one-off factor, data showed Nov. 25. A total of 945,322 new businesses were se...
Samsung’s financial units brace for changes with new CEOs
S. Korea to launch financial data exchange platform in March
Student-led venture vibe livens up Seoul basement
S. Korea considering imposing 20% tax on cryptocurrencies
Alien Robot shows glimpse of future with robotic arm
Self-driving cars with lidar tech likely to hit Seoul roads soon
Samsung to acquire US network service provider
Goldman Sachs, SK to invest W50b in eco-friendly cold chain logistics center
January 25, 2020
