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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...
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...
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...
Air New Zealand on Nov. 25 began flight services to South Korea to absorb growing travel demand from Asia’s fourth-biggest economy. On Nov. 23 (local time), Air New Zealand flight NZ75 departed A...
Samsung Heavy Industries, the world’s second-biggest shipbuilder by orders, said Nov. 25 it has received a $1.5 billion LNG carrier order. Under the deal with an unidentified client in the Eurasi...
After a brutal downturn this year, South Korea’s memory chip industry is expected to start recovering in 2020, led by growth in demand for 5G-enabled devices and the resumption of investments in data...
SK Energy said Nov. 20 its solar power facilities will begin commercial operations in the upcoming months as the company further expands its presence in the environment-friendly energy market. Th...
Korean Air flight KE 905 collided with another plane on the taxiway in Frankfurt, Germany, on Saturday, delaying the subsequent flight bound for Incheon, the air carrier said Sunday. The incident i...
Doosan Bobcat Inc., a construction equipment unit of Doosan Group, said Sunday it has set up a global center in the US for business cooperation across the globe. The Global Cooperation Center built ...
A consortium led by cosmetics-to-airline conglomerate Aekyung Group and two other consortia have submitted final bids for Asiana Airlines, industry sources said Nov. 7. The Aekyung-Stone Bridge C...
Major telecom operator KT and leading shipbuilding conglomerate Hyundai Heavy Industries said Nov. 7 they will step up collaboration to develop advanced smart factory solutions based on the 5G networ...
LG Chem on Nov.7 opened its new petrochemical tech center to boost its competitiveness in the sector. The company said its petrochemical tech center in Osan, some 50 kilometers south of Seoul, ha...
Hanjin Heavy Industries & Construction said Nov. 6 it has won a 70-billion-won ($60 million) order to build the country’s first multipurpose very large oil spill response vessel. Under the deal w...
Sales and profit of South Korean companies slowed down significantly in 2018 from a year earlier, though their financial stability improved slightly, a central bank report showed Nov. 5. In 2018,...
STX Corp., a South Korean general trading firm, said Nov. 4 that it will beef up its nonferrous metal trading business through its wholly-owned subsidiary amid rising demand for electric vehicle batt...
E-commerce giant launches video streaming service Coupang Play
Vice minister warns against market overheating during crisis management
Posco International invests in local laser cutting application firm
SK sets up hydrogen business group
Naver Cloud, GS Global join hands for overseas market
S. Korea invests $9.8m in World Bank green trust fund
Korean Air to sell Incheon yacht marina
Apple to make harder push in Korea with 2nd Apple Store
January 19, 2021
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