- President Park Geun-hye will sooner or later make apologies again for the so-called "Choi Soon-sil gate" and replace her senior advisors. A Cheongwadae (Presidential Palace) official said on October 27, "The October 25 public appearance of the President was an apology for her mistake of handing over...
As the National Pension Service is set to invest 1 trillion won in the domestic stock market by the end of this year, market watchers expected the market situation that has reached a limit of growth would improve markedly. In addition, the pension fund's decision to abolish past restrictions on inve...
Ahead of a summit meeting in December, Russia and Japan are in talks of an economic cooperation package consisting of 18 items worth 1 trillion rubles (US$15.96 billion). The negotiations between the two countries are going smoothly by linking economic issues with the signing of a peace treaty that ...
A group of institutional investors, including the Korea Teachers' Pension and the Public Officials Benefit Association, are set to buy five HomePlus stores. This would clear the way for a private equity firm MBK Partners, the largest shareholder of the discount store chain, to secure about 650 billi...
Samsung Heavy Industries has succeeded in winning ship orders again. The company said on October 28 that it received an order worth 200 billion won to build three 157,000-DWT oil tankers from Nordic American Tankers Ltd. Including two liquefied natural gas carriers and seven oil tankers in September...