- Korea's export frontline is collapsing at a rapid pace, with the amount of the nation's annual exports, which stood at US$572.7 billion in 2014, likely to fall for two straight years to $497 billion this year. This would be the first time for the nation's annual exports to fall below $500 billion si...
The credit crisis facing Korea's major shipping companies such as Hyundai Merchant Marine and Hanjin Shipping is showing signs of spreading toward the nation's mid-sized shipping companies which have performed relatively better. In a situation where the profitability of the mid-sized shipping compa...
LG Electronics achieved a one-sided victory in the lawsuits it filed against Britain's home electronics company Dyson over the issue related with the latter's comparative product demonstration. Dyson fully accepted all requests made by LG Electronics. In return for that, LG Electronics decided to d...
Podotree, a subsidiary of Kakao that runs KakaoPage, attracted investment of more than 100 billion won from overseas. Kakao announced on December 5 that Podotree will receive a 125-billion-won investment from a consortium led by a global private equity firm Anchor Equity Partners, through a third-pa...
Hyundai Motor and Kia Motors will try to turn around next year from this year's sluggish sales by introducing a series of new cars. The car makers will launch all-new or facelift models of traditionally popular models such as the Grandeur, Morning, and Sonata.According to auto industry sources on De...