Uijeongbu Light Rail, the first-ever light rail service within the Seoul metropolitan area, has finally filed for a bankruptcy. It was because the operating company was unable to deal with the moun...
2017-05-27 03:43Sungdong Shipbuilding won an order for seven mid-sized tankers, including two as an option, from a Greek shipowner. This was the first time for the Korean mid-sized shipyard to receive a newbuildin...
2017-05-26 16:29The National Pension Service plans to inject 50.7 trillion won more into stock markets in and outside Korea, including 20.2 trillion won for the domestic stock market. The Ministry of Health & Welf...
2017-05-26 11:20
Hyundai Motor plans to roll out a brand-new electric bus that can run the distance of up to 300 kilometers with a single charge early next year. The driving distance is more than three times higher...
2017-05-26 11:19Celltrion is set to move in to the Chinese market. Remsima, a biosimilar medicine effective for the treatment of patients with rheumatoid arthritis and ulcerative colitis. The company announced on ...
2017-05-26 08:16Samsung Electronics will create a fund worth 500 billion won from next month so that 3,000-or-so secondary suppliers could be paid in cash. This is a break from a long-held practice of large corpor...
2017-05-26 07:25The U.S. International Trade Commission launched an investigation under the Trade Act 201 to see whether the imports of solar cells from China and Korea cause damage to U.S. industry. Accordin...
2017-05-25 17:16
The Shilla Hotels & Resorts will open a new duty-free shop in Hong Kong Chek Lap Kok International Airport before the end of this year. The company plans to issue bonds to finance the cost. In an i...
2017-05-25 11:00
Lotte Liquor will launch a new lower-ABV beer brand "Fitz Super Clear" three years after its introduction of Kloud. If Kloud was aiming for beer connoisseurs, Fitz is more atuned to mass-market bee...
2017-05-25 09:19
SKC is pushing to take another leap forward by developing a series of new growth engines, including "transparent polyimide films" and "PVB films" which are used for vehicle glass. The growth o...
2017-05-25 04:40
Korea's household debt balance rose by more than 17 trillion won in the first quarter of this year, reaching an all-time high at 1,360 trillion won. According to preliminary data released by the Ba...
2017-05-24 18:40
An increasing number of Korea's biopharmaceutical companies are making forays into the cosmetics market. The "cosme-ceutical" market is growing at a rapid pace as consumers are increasingly showi...
2017-05-24 18:39
Kia Motors made an official release of its brand-new premium sports sedan Stringer on May 23. Kia aims to sell 8,000 units of the Stinger this year and 12,000 next year. The Korean car maker...
2017-05-24 18:37
Japanese mid-sized sedans are making a comeback in Korea. Such models as the Nissan Altima and Honda Accord are showing signs of becoming top-selling import cars. According to the Korea Automobil...
2017-05-24 13:08
In Jeju Island's northwest just 10 minutes' drive from the Hyeopjae Beach, there is a agri-industrial zone. That's where a new craft beer brewery will set up shop. The brewery, to be fully operatio...
2017-05-24 09:07
Meritz Securities Co. Ltd. will acquire 18 used aircraft from Dubai Aerospace Enterprise (DAE) Capital for $540 million, for which it is to complete the public sale of senior debts against the planes in the United States on Dec. 14.&hellip
The National Pension Service (NPS) appointed risk management center head Seong-Tae Park as new head of investment strategy on Dec. 8, a week after his predecessor Soo-Cheol Lee offered to resign, according to the pension fund’s announcement. Park joined the NPS&hellip
Paris-based private equity house Ardian has opened a Seoul office as its fourth Asian base, as South Korean institutional investors such as pension funds are expanding their presence in global investment markets. With assets of $82 billion under management, Ardian&hellip
