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The state-run Korea Hydro & Nuclear Power Co. on March 6 vowed to penetrate deeper into the Turkish market for nuclear plant equipment along with 22 small-and medium enterprises. KHNP said its ex...
The chief of a major Korean business lobby on March 6 urged the government to take a multi-pronged approach to help tackle low growth and the widening income gap facing the country. In a statemen...
Despite the South Korean government’s ambitious announcement on creating a hydrogen economy this year, oil refiners appear to be taking a passive stance toward the plan, citing questions over profita...
Sales of cigarettes in Korea rose 14.6 percent in January from a year earlier, data showed on Feb. 28, despite an anti-smoking campaign and higher prices. Korean smokers purchased 292 million 20-cig...
SK Engineering & Construction, an affiliate of the country’s top refiner SK Innovation, said on Feb. 28 that it has won a US$1.2 billion deal to build an oil storage facility in the United Arab Emira...
The father and son of Samsung Group owning family remained the top two recipients of dividends this year, with the total payouts by conglomerates expected to hit a record, an analysis by a corporate ...
Korea’s sports market grew in 2017, but its profitability went down, a report by the Sports Ministry showed on Feb. 27. The number of companies in the industry was reported at 101,207 in 2017, up 6....
The production index for restaurants dropped by the largest margin to date last year, state data showed on Feb. 26, showing the weakness of the business segment that self-employed people heavily rely...
Unionized workers at Daewoo Shipbuilding & Marine Engineering plan to go on strike on Feb. 26 in a show of opposition to the planned sale to Hyundai Heavy Industries. Last week, workers at DSME appr...
At a GS Group dinner banquet held at Elysian Resort Jeju on Feb. 22, Chairman Huh Chang-soo gave a speech to newly appointed executives, sharing his know-how and advising them to set high goals and t...
SK hynix is taking steps to overcome the red tape for creating the world’s biggest semiconductor cluster in the Yongin area of Gyeonggi Province On Feb. 22, the Trade, Industry and Energy Ministry s...
KT&G, Korea’s dominant tobacco company, said on Feb. 21 its on-year net profit dropped 22 percent last year on decreased sales in overseas markets. Net profit for the whole of 2018 fell to 906.2 bil...
Hyundai Rotem said on Feb. 21 it has secured a 90.6 billion won (US$239 million) diesel-electric locomotive order in Bangladesh. Under the deal, Hyundai Rotem will build 20 diesel-electric locomotiv...
Assets owned by top 60 conglomerates amounted to 2,048.35 trillion won (US$1.81 trillion) as of end-September last year, with SK Group close to grabbing the No. 2 spot from Hyundai Motor, a local bus...
The global ranking of Incheon International Airport, the gateway to Seoul, measured in terms of international passenger traffic, jumped by two notches to fifth last year, its operator said on Feb. 19...
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
