- Household Loan Balance Surpasses 500 Tril. Won
- The balance of loans made out to households has exceeded 500 trillion won as of the end of September. This is largely because of the government measure in August to relax regulations on the loan-to-value (LTV) ratio and the debt-to-income ratio as a way to stimulate the economy, which increased the ...
LG Chem to Build EV Battery Plant in China's Nanjing 2014-10-31 12:12
LG Chem has secured the beachhead in China to move into its electric vehicle market. The company said on October 30 that it held a groundbreaking ceremony for a plant for EV batteries in Nanjing, with Nanjing municipal government mayor Miao Ruilin, deputy mayor Luo Qun, LG Chem head of battery busin...
Samsung Electronics Reaffirms 3Q Earnings Shock 2014-10-31 10:30
Samsung Electronics reaffirmed an earnings shock in the third quarter of this year.The company announced on October 30 that it posted an operating profit of 4.06 trillion won for the third quarter of this year, down 60 percent from a year ago. This figure is 40 billion won lower than 4.1 trillion wo...
Hyundai Heavy Posts Worst-ever Quarterly Operating Profit 2014-10-31 12:45
Hyundai Heavy Industries posted an operating loss as high as 2 trillion won for the third quarter. This is the largest quarterly operating loss since its founding in 1972. This is largely because of the allowance for the losses incurred in offshore plant and shipbuilding divisions.The company said o...
POSCO Energy to Build Second Power Plant in Vietnam 2014-10-31 13:20
POSCO Energy will strengthen its presence in Vietnam by setting out to build a second coal-fired power plant in Ba Che District following one in Mong Duong, both in Quang Ninh Province located along the northeastern coast.The Korean company said on October 30 that it signed a memorandum with the pro...