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Major South Korean listed firms are expected to see their profitability turn for the better in 2020 on a rebound in global chip demand and low material costs, a market tracker said Nov. 4. The co...
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....
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...
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...
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...
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...
STX Corp., a South Korean general trading firm, said Oct. 28 it has signed a deal with Russian mining giant Mechel PAO to import coal and coke produced in the Kuzbass mines in Kemerovo, Russia. U...
South Korea’s Transport Ministry said Oct. 28 it will permit Fly Gangwon, the country’s seventh low-cost carrier, to begin operations next month, a move that could further heat up competition. An...
S-Oil said Oct. 23 its third-quarter net profit plunged 77.6 percent from a year earlier on inventory losses and a weak Korean won. Net profit for the three months ending Sept. 30 came to 51.6 bi...
South Korea’s low-cost carrier Eastar Jet on Oct. 18 denied a recent news report the company is up for sale. A local news outlet reported that Eastar Holding decided to sell its 39.6 percent stake i...
SK Global Chemical said Oct.15 it will acquire French chemical firm Arkema’s functional polyolefins business for 335 million euros ($369 million) in the latest move to boost its packaging business. ...
Hanwha Group’s defense units will showcase their latest technologies at North America’s largest land-power exposition in Washington this week, the company said Sunday. Hanwha Corp., Hanwha Defense ...
Finnair will start training pilots for its new Busan-Helsinki route, which is set to operate from March next year, according to industry sources on Oct. 11. From next month, training will begin with...
Nearly half of the restaurants that newly opened in 2013 had gone out of business by September this year, data showed Oct. 3. Around 15,000 of the 31,000 restaurants, cafes and bars that launched...
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
