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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...
Air Busan topped other budget carriers in customer satisfaction for the third consecutive year, a local survey said on Feb. 19. The Korean carrier earned the highest scores among the country‘s six b...
Workers at Daewoo Shipbuilding & Marine Engineering voted on Feb. 19 to strike to oppose Hyundai Heavy Industries’ proposed takeover, its labor union said. The approval for the proposed strike heral...
The proposed merger between Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering is expected to double the value of their outstanding orders for LNG ships to over US$12 billion, in...
Unionized workers at Daewoo Shipbuilding & Marine Engineering began voting on Feb. 18 on whether to go on strike in opposition to Hyundai Heavy Industries’ proposed takeover. Voting by the some 5,60...
A total of 2.9 million tourists used Airbnb, a global house-sharing platform, last year, up 56 percent from a year earlier, the company said on Feb. 14. Seven out of 10 Airbnb users, or some 2.02 mi...
Hanjin Group said on Feb.13 it will establish internal audit committees under its holding firm and logistics subsidiary to improve transparency in its business management. The conglomerate, whose...
Jeju Air on Feb. 12 announced that it has become the first low-cost carrier in Korea to cross the 1 trillion won (US$891.18 million) milestone in annual sales last year. The leading budget carrier s...
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
