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South Korean textile and chemical giant Hyosung Group and Saudi Arabian oil company Saudi Aramco signed a memorandum of understanding that includes potential partnership to build a carbon fiber facto...
Hyundai Glovis, a logistics unit of South Korea’s Hyundai Motor Group, on June 20 said it has set up a truck-based freight transport company in the United States. Through its US affiliate Glovis ...
Asiana Airlines said on June 20 it has added a A350 passenger jet to its fleet to better serve on international routes. Its ninth A350 will run on mid- and long-haul routes to cities like Los Ang...
Doosan Bobcat, a construction equipment unit of Doosan Group, said June 20 that it has paid off $150 million worth of loans earlier than scheduled to improve its financial status. The company sai...
CJ Group companies are planning to build two massive cultural facilities themed after Hallyu, or the Korean Wave of popular culture, just northwest of Seoul, company officials said on June 19. CJ...
GS Engineering & Construction said June 19 it has secured a $24 million project to build two solar power plants in Ukraine. The company will build a solar power plant with a capacity of 12.6 mega...
Korean Air said on June 19 it has signed a deal to purchase 30 B787 passenger jets to enhance its fleet, with the delivery set to begin next year. The firm signed a memorandum of understanding wi...
South Korea’s major refiners are likely to see weak earnings for the second quarter as they struggle to improve their margins, industry analysts here said on June 17. The benchmark Singapore comp...
South Korea’s biggest mobile carrier SK Telecom said on June 16 it will develop the sixth-generation network technology with Nokia and Ericsson, as the Korean government seeks to enhance economic tie...
An Incheon court on June 13 issued suspended prison terms to the widow and elder daughter of the late Korean Air Chairman Cho Yang-ho for smuggling luxury goods by making use of the airline’s planes....
SKC, a chemical unit of SK Group, said on June 13 it has decided to acquire KCF Technologies, the world’s top producer of copper foil for lithium-ion batteries, in a bid to diversify its business por...
LG Chem said on June 13 it will establish an electric vehicle battery joint venture with Geely Automobile Holdings in China in a push to tap deeper into the neighboring country’s fast-growing EV mark...
South Korea’s increasingly stringent environmental regulations are hobbling its steel industry, already beset by falling sales and rising raw material prices. Last week, three regional governments r...
South Korea’s tech giants including Samsung Electronics and SK hynix are increasingly on edge over the ongoing economic brinkmanship between the United States and China, in light of a reported wa...
The value of Big Hit Entertainment, the agency of the global K-pop sensation BTS, is estimated to be more than $1 billion, a local researcher said on June 6. According to a report released by the...
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
