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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...
SK Innovation on Sept. 29 expressed regret over the patent infringement lawsuit recently filed against it by LG Chem with a US court, vowing a strong response as the legal battle rages on between the...
The Korean German Chamber of Commerce and Industry on Sept. 27 successfully held its “5th KGCCI Innovation Awards” ceremony at the floating island Sebitseom in Seoul. “We are proud to recognize comp...
Samsung Heavy Industries a major shipbuilder here, said Sept. 26 it has developed the world’s first Aframax crude oil tanker powered by fuel cells. The company said it had acquired approval in pr...
SK Engineering & Construction said Sept. 25 it will set up a joint venture with US-based Bloom Energy for the production of solid oxide fuel cell. The 49:51 JV, to be set up in November, will provid...
Local fintech startup unveils Korea’s first commercial system to rule out naked short selling
Kakao’s financial subsidiaries gear up for 2021 IPOs
Hanwha Asset gains PFM license for mainland China
Woori Financial’s Q3 net profit drops 1.13%
NH NongHyup sets up Myanmar branch
Kakao to raise $300m in Singapore to muster up M&A dry powder
Shinhan Financial, Grab partner on digital finance services in Vietnam
Car sharing startup Socar becomes 12th unicorn in S. Korea
November 01, 2020
