Korea's defense industry is losing steam due to the government's excessive regulation. As the government requires the industry to develop world-class technologies within a short period of time an...
2017-05-16 06:29
As the Moon Jae-in administration is set to tighten its grip on large corporations, analysts said stakes held by conglomerate owners would soon flood the market. According to securities industry so...
2017-05-15 11:01
Kia Motors has launched the 2018 subcompact crossover SUV Niro as well as a plug-in hybrid electric car version of the same model. The Niro plug-in hybrid, mounted with high-efficiency lithium-io...
2017-05-15 10:38Abouta half of listed companies in Korea saw their share prices decline this year.Despite the benchmark KOSPI exceeding the 2,300 level and the KOSDAQ indexrenewing its annual high, more than 45 pe...
2017-05-15 08:32
Korea'scosmetics exports for the period from April 1 to 20 suffered a negative year-on-yeargrowth of 2.6 percent, according to the Ministry of Trade, Industry, and Energyon May 14. This was the fir...
2017-05-15 08:30
Korea's top-three convenience store chains have jumped into a draft beer war as GS25 and 7Eleven recently decided to sell draft beers in their stores after CU began doing so since last month. The...
2017-05-15 08:17Currently there are 8,048 workers in Incheon International Airport Corp. of which 85 percent (6,831) are dispatched from partner firms. All the dispatches are considered temporary or contract-based...
2017-05-13 10:53POSCO Energy, the largest private energy producer in Korea, received a $2.5-billion coal-fired thermal power plant project from Vietnam. The company announced on May 11 that it clinched the license...
2017-05-13 08:42
South Korean auto part maker Mando gained approval from the Ministry of Land, Infrastructure, and Transportation to test a self-driving car on public roads from May 11. Unlike other self-driving ...
2017-05-13 08:41
Shinsegae opened its Shiheung outlet last month which has already attracted as many as 1.5 million people. As the first large-sized outlet in the western part of Gyeonggi Province, the outlet in ...
2017-05-13 08:39
Yongsan Garrison, located at the center of Seoul, will soon be sold to commercial developers. The site will be developed as luxury homes, office-residence complexes, and commercial streets. Korea...
2017-05-12 08:01New South Korean President Moon Jae-in promised to relocate the presidential office to the government complex in Gwanghwamun in the center of Seoul. This promise reflects his desire to have more co...
2017-05-12 05:41Hyundai Motor's labor union and management is in a tug-of-war over the production of the cutting-edge compact SUV Kona which is scheduled to be produced at its Ulsan plant before being released wit...
2017-05-12 05:39
The share price of Hyundai Heavy Industries rose by about 15 percent on the first day of relisting after a breakup into four independent units. The combined market capitalization of the four indepe...
2017-05-12 05:16SK Shipping is scheduled to list itself within the next five years. According to industry sources on May 10, SK Corp., a holding company of SK Group, sold some stakes in SK Shipping to Samsung Secu...
2017-05-12 05:14
South Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip
The Carlyle Group will consolidate its South Korean operations divided into buyout and growth capital units by combining them, after the three-men growth capital unit focusing on minority stake deals was believed to have lost one or two managers recently.&hellip
