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Amid fierce competition, South Korean low-cost carriers are seeking to attract more passengers by upgrading their in-flight services and diversifying routes. They had previously focused on no-frills...
South Korean mobile carrier KT is planning to establish a high-tech rescue center on a popular trekking course in the Himalayas to ensure the safety of those trekking the mountainous region in Nepal....
Bio company SillaJen announced Oct. 31 it will pay back 110 billion won (94.25 million), which it received by issuing convertible bonds, to Kiwoon Securities in March. “The annual interest rate for ...
South Korea’s once-lucrative duty-free industry revealed poverty in the midst of plenty last week when Doosan said it was shutting down its duty-free stores, following in the footsteps of Hanwha Grou...
SK Innovation said Oct. 31 its third-quarter net profit tumbled 62 percent from a year earlier on inventory losses. Net profit stood at 174.2 billion won ($149 million) on a consolidated basis in...
Hyundai Motor said Oct. 31 it has launched its ix25 sport utility vehicle in China to help revive sales in the world‘s biggest automobile market. The ix25 compact SUV comes with a 1.5-liter gasol...
A top executive of tobacco giant Philip Morris International said the company plans to continue leading the heat-not-burn cigarette market and ultimately realize its vision for a smoke-free future. ...
South Korea’s Health Ministry said Oct. 30 that it is considering revoking Kolon Life Science’s innovative drug company certification for mislabeling and falsely reporting ingredients in its gene the...
Retail sales in South Korea edged up in September on-year on the back of sharp growth from online players, data showed Oct. 30. The combined sales of 26 major offline and online retailers reached...
Lotte Chemical said Oct. 30 it has decided to sell its British PET production unit in a move to restructure its business portfolio. The UK unit will be sold to DAK Americas, a subsidiary of Mexic...
Sales of biosimilar Remsima by South Korean bio-pharmaceutical firm Celltrion reached $77 million in the United States during the third quarter of this year, industry data showed Oct. 30. Sales o...
Hyundai Steel said Oct. 29 its net loss widened in the third quarter from a year earlier due to higher raw material costs. Its net loss for the July-September quarter deepened to 65.8 billion won...
Hyundai Motor said Oct. 29 it has debuted a hydrogen-powered truck concept in the United States as part of its efforts to sell its zero-emission trucks in the world‘s most important automobile market...
Kia Motors and GS Caltex said Oct 29 they have joined hands to offer better electric vehicle charging services. Under a bilateral memorandum of understanding, Kia and GS Caltex will collaborate o...
Following China’s approval for the merger of two shipping giants over the weekend, industry watchers said on Oct. 28 it has increased the odds for Hyundai Heavy Industries’ acquisition plan. China’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
