▶주메뉴 바로가기
▶본문 바로가기
Hanjin Heavy Industries & Construction said Nov. 6 it has won a 70-billion-won ($60 million) order to build the country’s first multipurpose very large oil spill response vessel. Under the deal with state-run Korea Marine Environment Management Corp., Hanjin Heavy will deliver a 5,000-ton OSRV...
Sales and profit of South Korean companies slowed down significantly in 2018 from a year earlier, though their financial stability improved slightly, a central bank report showed Nov. 5. In 2018, the combined sales of nonfinancial firms here rose 4 percent from the year before when the comparat...
STX Corp., a South Korean general trading firm, said Nov. 4 that it will beef up its nonferrous metal trading business through its wholly-owned subsidiary amid rising demand for electric vehicle battery materials. The company said its Hong Kong-based affiliate STX Asia has recently begun sales ...
Major South Korean listed firms are expected to see their profitability turn for the better in 2020 on a rebound in global chip demand and low material costs, a market tracker said Nov. 4. The combined operating profit of 279 listed companies is forecast to reach 165.8 trillion won ($142 billio...
Amid fierce competition, South Korean low-cost carriers are seeking to attract more passengers by upgrading their in-flight services and diversifying routes. They had previously focused on no-frills cheap flights without meals and entertainment. But in early October, Air Seoul -- under the countr...
South Korean mobile carrier KT is planning to establish a high-tech rescue center on a popular trekking course in the Himalayas to ensure the safety of those trekking the mountainous region in Nepal. According to the Nepal government and KT last week, the telecom firm’s information and communicat...
SK Innovation said Oct. 31 its third-quarter net profit tumbled 62 percent from a year earlier on inventory losses. Net profit stood at 174.2 billion won ($149 million) on a consolidated basis in the July-September period, compared with 459.4 billion won a year earlier, the company said in a re...
Lotte Chemical said Oct. 30 it has decided to sell its British PET production unit in a move to restructure its business portfolio. The UK unit will be sold to DAK Americas, a subsidiary of Mexican chemical giant Alpek, following a share purchase agreement. The value of the deal wasn’t disclos...
Hyundai Steel said Oct. 29 its net loss widened in the third quarter from a year earlier due to higher raw material costs. Its net loss for the July-September quarter deepened to 65.8 billion won ($56 million) from 38.1 billion won a year earlier, the company said in a statement. The affili...
Following China’s approval for the merger of two shipping giants over the weekend, industry watchers said on Oct. 28 it has increased the odds for Hyundai Heavy Industries’ acquisition plan. China’s state-owned Assets Supervision and Administration Commission gave its green light on Oct. 25 to ...
STX Corp., a South Korean general trading firm, said Oct. 28 it has signed a deal with Russian mining giant Mechel PAO to import coal and coke produced in the Kuzbass mines in Kemerovo, Russia. Under the deal, STX Corp. will import 1.2 million tons of coal and coke a year. The Kuzbass region ac...
South Korea’s Transport Ministry said Oct. 28 it will permit Fly Gangwon, the country’s seventh low-cost carrier, to begin operations next month, a move that could further heat up competition. An air operator certificate will allow the carrier to offer two flights a day on the Yangyang-Jeju r...
S-Oil said Oct. 23 its third-quarter net profit plunged 77.6 percent from a year earlier on inventory losses and a weak Korean won. Net profit for the three months ending Sept. 30 came to 51.6 billion won ($43 million), compared with a net profit of 229.8 billion won a year earlier, the company...
South Korea’s low-cost carrier Eastar Jet on Oct. 18 denied a recent news report the company is up for sale. A local news outlet reported that Eastar Holding decided to sell its 39.6 percent stake in Eastar Jet for around 96 billion won (81.37 million). It also added that the holding firm has al...
SK Global Chemical said Oct.15 it will acquire French chemical firm Arkema’s functional polyolefins business for 335 million euros ($369 million) in the latest move to boost its packaging business. The company said the acquisition is expected to be finalized by the second quarter of 2020. The ...
Hyundai Motor officially becomes KT’s largest shareholder
MBK defends Korea Zinc bid, refutes Chinese capital accusation
GS Caltex supplies eco-friendly fuel to Japan’s Narita Airport
Samsung CEO introduces ‘bold growth’ as new target
Hyundai Glovis to gain momentum as global car carrier shortage persists
LG Electronics partners with Ricoh to bolster B2B push