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Lotte to replace construction unit CEO due to liquidity crisis

Lotte to replace construction unit CEO due to liquidity crisis

Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...

KEPCO turns from bonds to banks for money on govt plans

KEPCO turns from bonds to banks for money on govt plans

Korea Electric Power Corp. (KEPCO) is set to raise 600 billion won ($442 million) from a local bank in a plan to seek loans to secure money instead ...

MZers drive Korea's indoor golf facility pandemic boom

MZers drive Korea's indoor golf facility pandemic boom

Indoor golf facilities’ revenue in South Korea has skyrocketed amid the pandemic, thanks to millennials and Generation Zers' soaring consumpti...

S. Korea's Kia 1st among UK car dealers for brand satisfaction

S. Korea's Kia 1st among UK car dealers for brand satisfaction

Kia Corp. has seen record-high auto sales in the UK thanks to having the highest brand satisfaction among British dealers.Industry sources on Monday...

Eco-friendly car registrations exceed 1.5 mn in Korea

Eco-friendly car registrations exceed 1.5 mn in Korea

The total number of registered eco-friendly vehicles in South Korea surpassed 1.5 million as of end-October, up 38.3% from 1.1 million compared to a...

Kim Jong-un appears with daughter in public for first time

Kim Jong-un appears with daughter in public for first time

North Korean leader Kim Jong-un has unveiled for the first time his second child, daughter Ju-ae, who was born in 2013.The Korean Central News Agenc...

Number of tourists to S.Korea, Japan surge on eased visa restrictions

Number of tourists to S.Korea, Japan surge on eased visa restrictions

As restrictions to traveling across national borders loosen, the number of international travelers to both South Korea and Japan have been on the ri...

Nearly half of South Korea's economists urge repeal of inheritance tax

Nearly half of South Korea's economists urge repeal of inheritance tax

Nearly half of South Korea's economists want the inheritance tax abolished, according to a survey.The Korea Economic Association on Thursday release...

Korea LIG Nex1 to enjoy record earnings on missile exports

Korea LIG Nex1 to enjoy record earnings on missile exports

LIG Nex1 Co., a leading South Korean defense company, is expected to see record earnings this year on strong missile exports, helping its shares sur...

South Korea's economic bodies urge revision of US Inflation Reduction Act

South Korea's economic bodies urge revision of US Inflation Reduction Act

Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...

Korea's NPS to get partial tax refund on US real estate sales

Korea's NPS to get partial tax refund on US real estate sales

South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US Internal Revenue Ser...

South Korea's DL E&C wins 1st petrochemical plant order in US

South Korea's DL E&C wins 1st petrochemical plant order in US

South Korean construction company DL E&C has landed its first contract to build a petrochemical plant in the US.The company on Thursday said it ...

Korea's Lotte Chem likely to raise $745 mn via rights offering

Korea's Lotte Chem likely to raise $745 mn via rights offering

South Korea’s Lotte Chemical Corp. is poised to decide to raise more than 1 trillion won ($745.4 million) of capital at its board meeting this...

Samyang transitions to white biotech with S.Korea’s first isosorbide plant

Samyang transitions to white biotech with S.Korea’s first isosorbide plant

Samyang Group, a diversified conglomerate, has long focused on the chemicals and foodstuffs sectors. While adding to its existing chemicals bus...

S. Korea's T'way Air to resume Incheon-Chiang Mai route

S. Korea's T'way Air to resume Incheon-Chiang Mai route

South Korea's budget carrier T'way Air on Wednesday said it will resume from Nov. 28 its flight linking Incheon and Chiang Mai, Thailand, with seven...

South Korea's listed companies suffer 26% drop in operating profit in Q3

South Korea's listed companies suffer 26% drop in operating profit in Q3

South Korea's companies listed on the main stock exchange Kospi in this year's third quarter saw operating profit drop 26% from the same period last...

NPS narrows search for new CIO to two major candidates

NPS narrows search for new CIO to two major candidates

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund managing 917.2 trillion won ($692 billion) in asset...

Korea, US to work on Busan-Seattle green cargo shipping corridor

Korea, US to work on Busan-Seattle green cargo shipping corridor

South Korea and the US are looking to create a green cargo shipping corridor linking the port of Busan with the ports of Seattle and Tacoma as part ...

S.Korea's Iljin Group halts sale of its display maker

S.Korea's Iljin Group halts sale of its display maker

South Korea’s Iljin Display Co. has suspended procedures of selling its 43.19% stake with management rights, the junior bourse Kosdaq-listed d...

US extends antitrust review of Korean Air-Asiana merger

US extends antitrust review of Korean Air-Asiana merger

The US competition authority extended its review of the proposed merger between South Korea’s two largest airlines to check if the deal hurts ...

Miniforce producer aims to become Asia's top children's platform with IPO

Miniforce producer aims to become Asia's top children's platform with IPO

The South Korean producer of famous animated series such as Miniforce aims to become Asia’s top children's platform by way of an initial publi...

UK regulator flags concerns over Korean Air-Asiana merger

UK regulator flags concerns over Korean Air-Asiana merger

The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...

LG CNS to design smart city system for Indonesia's new capital

LG CNS to design smart city system for Indonesia's new capital

South Korea's LG CNS will provide a smart city design for Indonesia's new capital of Nusantara. The company on Tuesday said it signed the day before...

Yanolja to expand overseas business with global partner

Yanolja to expand overseas business with global partner

South Korea's tourism platform Yanolja is expanding its overseas air and travel operations.Yanolja Cloud, an artificial intelligence-based software ...

LG CNS earns $2.3 billion in year's first 3 quarters

LG CNS earns $2.3 billion in year's first 3 quarters

South Korea's information and communications technology (ICT) corporation LG CNS, which seeks an initial public offering (IPO), has set a company re...

KT&G enlists Goldman Sachs to cope with shareholder activism

KT&G enlists Goldman Sachs to cope with shareholder activism

KT&G Corp., the world’s fifth-largest tobacco maker, appointed Goldman Sachs as an advisor to improve corporate governance after a Singapo...

Game design and development studio SHIFT UP eyes IPO

Game design and development studio SHIFT UP eyes IPO

SHIFT UP Corp., known for its subculture games, is eyeing an initial public offering (IPO.) The game design and development studio confirmed th...

Korean firms at risk of credit rating downgrade on Legoland woes

Korean firms at risk of credit rating downgrade on Legoland woes

South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...

Korea won sees best day in nearly 14 yrs, may be climbing from bottom

Korea won sees best day in nearly 14 yrs, may be climbing from bottom

The South Korean won currency on Friday reported the largest daily gain in almost 14 years as lower-than-expected US inflation data bolstered expect...

Chipmaker Netsol unveils first STT-MRAM in South Korea

Chipmaker Netsol unveils first STT-MRAM in South Korea

South Korea’s fabless memory semiconductor design house Netsol announced on Friday that it developed the country’s first STT-MRAM, a nex...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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