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The combined operating profit of listed firms is estimated to have nearly halved in the first quarter, mainly due to a slump by chipmakers and other market behemoths, data showed on April 29. Acc...
Korea Gas Corp. is to set aside 4.7 trillion won ($4.06 billion) to build hydrogen infrastructure and develop related technologies by 2030 as part of the nation’s push toward next-generation energy, ...
Samsung SDI, the nation’s second-largest battery maker, sought to learn from a local fish-cake maker based in Busan, in an effort to innovate its operation and business strategies. Executives and e...
Asiana Airlines , South Korea’s distressed No. 2 carrier, was placed on a watchlist for a possible downgrade by a Korean credit rating agency on April 23, despite its creditors’ plan to extend a 1.6...
Asiana Airlines’ share price soared over the daily limit of 30 percent to end at 7,280 won ($6.41) on April 15 following news that its largest shareholder, Kumho Industrial, had decided to sell off ...
Cash-strapped Kumho Asiana Group is expected to submit a set of fresh self-rescue measures soon, including selling off its flagship unit, in a desperate move to get additional financial help from its...
Cash-strapped Kumho Asiana Group might be close to selling Asiana Airlines, after its restructuring plan was rejected by its creditors, industry sources said on April 12. A local media outlet report...
The top financial regulator on April 11 expressed frustration about the self-rescue plan submitted by the cash-strapped Kumho Asiana Group, calling for its founding family to show sincerity in its ap...
South Korean entertainment companies are expected to post solid profit growth this year despite the scandal centered on a K-pop boy band member, a local market tracker said on April 11. According to...
Debt-ridden Kumho Asiana Group called on its creditors to inject 500 billion won ($439.17 million) to address its liquidity crisis through a business revamp plan it submitted to the state-led Korea D...
A South Korean civic activist group on April 10 urged tougher regulations for disclosing the real estate assets of conglomerates to prevent speculation and price hikes. CCEJ official Kim Hun-dong sp...
LG Chem said on April 9 that it has raised $1.56 billion by selling debts overseas to finance the expansion of its production facility. The company said demand for the debt amounted to $10.5 bill...
Doosan Infracore said on April 9 that it has showcased a 5G remote controllable excavator at an international trade fair in Germany. The excavator in Incheon, west of Seoul, South Korea was succe...
Korean Air Chairman Cho Yang-ho has died from a chronic disease in the United States, the company said on April 8, just weeks after he was removed from the carrier’s board. The company said Cho p...
SK Innovation, a latecomer to the electric vehicle battery market, joined the ranks of the world’s top 10 players in terms of sales, industry data showed on April 4. According to the data by SNE ...
Samsung rumored to expand US chip plants amid Japan’s trade curbs
Finda bags W4.5b series A funding to enhance paperless loan platform
Blank focuses on expanding new businesses before IPO
True Balance launches e-commerce function
Priceza CEO hopes to change Thailand’s e-commerce landscape
Stocks held by K-pop agency owners plummet
Samsung seeks to diversify smartphone display, battery suppliers
Korea to make all-out efforts to lift Japan’s export restrictions
July 22, 2019
