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Renault Samsung Motors said on May 7 it plans to temporarily halt operations at its only plant later this month amid an extended dispute with its labor union over wages. The carmaker plans to sus...
South Korea's transport ministry on May 5 issued recall orders for 11,500 units of 58 different imported cars, including those from BMW, Volkswagen and Honda. The Ministry of Land, Infrastructure an...
Shinsegae International on May 3 announced that it has launched new coworking space “Scale Up” for startups in the lifestyle-related industry in Cheongdam-dong, southern Seoul. In April, the compan...
A local private equity firm Wired Partners is considering joining the bid for acquiring Kyung Nam Pharm , a local drug maker known for its vitamin supplement Lemona, according to industry sources o...
South Korea’s Boryung Pharmaceutical announced on May 2 that it has launched its flagship hypertension drug Kanarb in the Philippines. “With our experience of Kanarb’s success in Korea, we aim to ...
Hyundai Heavy Industries said on May 2 it swung to black in the first quarter of the year from a year earlier. Net profit reached 17.3 billion won ($14.8 million) in the January-March period on a...
Troubled carrier Asiana Airlines said on May 2 it has offered a voluntary retirement program in an effort to make itself more attractive ahead of its planned sale. The early retirement offer cove...
Renault Samsung Motors said on May 2 its net profit plunged 27 percent in 2018 from a year earlier on weak sales. Net profit fell to 222 billion won ($191 million) last year from the previous yea...
GM Korea said on May 2 its net loss narrowed in 2018 from a year earlier on cost-cutting efforts. Net loss narrowed to 859 billion won ($738 million) for the whole of 2018 from 1.63 trillion won ...
Major biosimilar manufacturer Celltrion ranked at the top among local companies last year in terms of R&D-to-sales ratio, industry data showed on May 1. According to the data by market tracker CE...
Korean Air said on May 1 it will start reducing first class cabins on some international routes next month in a move to operate routes effectively and boost profitability. Airlines traditionally ...
More and more South Korean pharmaceutical conglomerates are showing interest in funding small bio companies, as they see some merits in doing so. According to the annual reports of local pharma comp...
Blue Bottle Coffee will officially debut in Seoul later this week, a South Korean affiliate of the upscale US coffee chain operator said on April 30. The new cafe will open in Seoul’s eastern Seo...
South Korea’s antitrust regulator said on March 30 that it has fined Kumho Tire and Nexen Tire a combined 5.9 billion won ($5 million) for forcing their dealers to sell tires at above certain prices....
Dividends paid by local listed firms grew from a year earlier last year, with their average dividend payout ratio also rising, industry data showed on April 29. The total amount paid by 753 local...
Bithumb, Yeogi Eottae, HanaTour indicted for data leak
Samsung Galaxy Fold is now ready for launch: Samsung Display exec
KTB Securities Thailand seeks listing on solid profits
S.M. Entertainment pressed to answer activist shareholder’s demands
Goldman Sachs lowers growth forecast for S. Korea, expects two rates cuts
SK hynix’s new China plant to stay idle over Huawei fallout
Taxi-sharing app operator Kornatus snaps W1.2b funds
Samsung Display continues to lead in mobile market: IHS
June 20, 2019
