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KT&G, South Korea’s dominant tobacco company, said on May 9 its first-quarter net profit rose 11 percent from a year earlier on increased overseas sales. Net profit for the January-March quarter ...
Hanwha Chemical said May 8 its first-quarter net profit plunged 59 percent from a year earlier due to increased oil prices. Net profit for the January-March period fell to 120 billion won ($125 m...
Asiana Airlines said on May 7 it will streamline its international routes and stop operating first class cabins in September to cut costs ahead of its planned sales. The firm said it will suspend...
Jeju Air, South Korea’s biggest low-cost carrier by sales, on May 7 said that it posted a 14 percent on-year jump in first-quarter net profit on an expanded fleet and focus on Asian routes. Net p...
Hyundai Heavy Industries said on May 2 it swung to black in the first quarter of the year from a year earlier. Net profit reached 17.3 billion won ($14.8 million) in the January-March period on a...
Troubled carrier Asiana Airlines said on May 2 it has offered a voluntary retirement program in an effort to make itself more attractive ahead of its planned sale. The early retirement offer cove...
Korean Air said on May 1 it will start reducing first class cabins on some international routes next month in a move to operate routes effectively and boost profitability. Airlines traditionally ...
Dividends paid by local listed firms grew from a year earlier last year, with their average dividend payout ratio also rising, industry data showed on April 29. The total amount paid by 753 local...
The combined operating profit of listed firms is estimated to have nearly halved in the first quarter, mainly due to a slump by chipmakers and other market behemoths, data showed on April 29. Acc...
Korea Gas Corp. is to set aside 4.7 trillion won ($4.06 billion) to build hydrogen infrastructure and develop related technologies by 2030 as part of the nation’s push toward next-generation energy, ...
Samsung SDI, the nation’s second-largest battery maker, sought to learn from a local fish-cake maker based in Busan, in an effort to innovate its operation and business strategies. Executives and e...
Asiana Airlines , South Korea’s distressed No. 2 carrier, was placed on a watchlist for a possible downgrade by a Korean credit rating agency on April 23, despite its creditors’ plan to extend a 1.6...
Asiana Airlines’ share price soared over the daily limit of 30 percent to end at 7,280 won ($6.41) on April 15 following news that its largest shareholder, Kumho Industrial, had decided to sell off ...
Cash-strapped Kumho Asiana Group is expected to submit a set of fresh self-rescue measures soon, including selling off its flagship unit, in a desperate move to get additional financial help from its...
Cash-strapped Kumho Asiana Group might be close to selling Asiana Airlines, after its restructuring plan was rejected by its creditors, industry sources said on April 12. A local media outlet report...
Doosan Heavy to delist Doosan E&C by March 2020
WeWork Labs announces achievements in South Korea in 2019
Deadline extended for Asiana Airlines stake transfer
Vuno eyes IPO as AI-powered diagnostic software ups presence
Techstars Korea to accept applications for 1st batch through March 2020
Celltrion presents Truxima’s results of phase 3 clinical trials in US forum
LG Chem, GM deal ups ante in EV battery competition
Power market open to private firms, price hike needed for green energy expansion
December 14, 2019
