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[THE INVESTOR] POSCO’s board of directors on July 27 approved a finance expert with a 35-year career at the steelmaker as its ninth chief executive officer. Choi Jeong-woo began his career at PO...
[THE INVESTOR] Korean company Shinil Group, which claimed to have found the wreckage of a Russian battleship carrying 150 trillion won (US$134 billion) worth of gold, backed down on July 26 saying i...
[THE INVESTOR] Switzerland-based Schindler Elevator has sent a notice of intent seeking an investor-state dispute suit against the Korean government, claiming losses from Hyundai Elevator’s recapita...
[THE INVESTOR] S-Oil said on July 26 that its second-quarter net profit rose 143.9 percent from a year earlier. Net profit reached 163.2 billion won (US$145 million) in the April-June period, co...
[THE INVESTOR] SK hynix said on July 26 its second-quarter net profit advanced 75.4 percent from a year earlier. Net profit reached 4.3 trillion won (US$3.84 billion) in the April-June period, c...
[THE INVESTOR] Samsung C&T said on July 25 its second-quarter net profit more than tripled on improved profitability in the trading and construction businesses. Net profit for the three months e...
[THE INVESTOR] Korean budget carrier T’way Air has lowered its initial public offering price after failing to impress investors, according to industry sources on July 25. “Even though investor dema...
[THE INVESTOR] A regional customs office on July 23 sought an arrest warrant for a former vice president of Korean Air over smuggling and tax evasion allegations, sources said. Cho Hyun-ah, the ...
[THE INVESTOR] Samsung Heavy Industries swung to a net loss in the second quarter from a year earlier on increased costs and one-off losses, the shipbuilder said on July 23. The company said in ...
[THE INVESTOR] POSCO, the world’s fifth-biggest steelmaker by output, said on July 23 its second-quarter net profit jumped 20 percent from a year earlier on equity gains from overseas affiliates. ...
[THE INVESTOR] Korea’s corporate watchdog said on July 23 that it has levied 379 million won (US$336,000) in fines on Doosan Infracore over unfair business practices. The Fair Trade Commissi...
[THE INVESTOR] The number of firms in which Korea’s state pension operator has stakes of 10 percent or more has jumped more than 20 percent over the past year, a market tracker said on July 23. ...
[THE INVESTOR] Asiana Airlines, South Korea’s No. 2 air carrier, said that it will further compensate passengers who suffered from the recent in-flight meal service disruptions and the consequent fl...
[THE INVESTOR] SK hynix said on July 18 it will join forces with three of its subcontractors to carry out joint research and development projects as part of its efforts to seek shared growth. Th...
[THE INVESTOR] The number of mergers and acquisitions among Korean companies rose 22 percent in the first half of 2018 from the previous year, data showed on July 17. A total of 23 companies lis...
SK hynix to build new DRAM plant in Korea
BTS to outpace PyeongChang Winter Olympics’ economic impact
Hana Financial launches corporate VC
KakaoPage acquires Indonesian webtoon operator
Korean Air to levy no-show fee on abuse by K-pop fans
Upbit becomes No. 3 crypto exchange in trade volume
JB Financial, CIMB Niaga join hands for open banking platform
Samsung C&T President Lee Seo-hyun likely to resign
December 19, 2018
