▶주메뉴 바로가기
▶본문 바로가기
Korea’s sports market grew in 2017, but its profitability went down, a report by the Sports Ministry showed on Feb. 27. The number of companies in the industry was reported at 101,207 in 2017, up 6.3 percent from the previous year, according to the report released by the ministry. The market size...
The production index for restaurants dropped by the largest margin to date last year, state data showed on Feb. 26, showing the weakness of the business segment that self-employed people heavily rely on. The index dropped to 94 last year from 97.2 a year earlier, the biggest fall since record keep...
Unionized workers at Daewoo Shipbuilding & Marine Engineering plan to go on strike on Feb. 26 in a show of opposition to the planned sale to Hyundai Heavy Industries. Last week, workers at DSME approved a walkout against the proposed deal. The shipbuilder’s union said its workers at the Geoje yar...
At a GS Group dinner banquet held at Elysian Resort Jeju on Feb. 22, Chairman Huh Chang-soo gave a speech to newly appointed executives, sharing his know-how and advising them to set high goals and take bold actions. In front of new executives of GS Group, Huh addressed the volatile economic envir...
SK hynix is taking steps to overcome the red tape for creating the world’s biggest semiconductor cluster in the Yongin area of Gyeonggi Province On Feb. 22, the Trade, Industry and Energy Ministry said it plans to ask the Land Ministry to ease the regulations that restrict factory building in the...
KT&G, Korea’s dominant tobacco company, said on Feb. 21 its on-year net profit dropped 22 percent last year on decreased sales in overseas markets. Net profit for the whole of 2018 fell to 906.2 billion won (US$805 million) from 1.16 trillion won a year earlier, the company said in a statement. ...
Hyundai Rotem said on Feb. 21 it has secured a 90.6 billion won (US$239 million) diesel-electric locomotive order in Bangladesh. Under the deal, Hyundai Rotem will build 20 diesel-electric locomotives for Bangladesh’s railway authorities by 2021, the company said in a statement. Last year, the c...
Assets owned by top 60 conglomerates amounted to 2,048.35 trillion won (US$1.81 trillion) as of end-September last year, with SK Group close to grabbing the No. 2 spot from Hyundai Motor, a local business tracking site said on Feb. 20. The tally marked the first time that the conglomerate-held ass...
The global ranking of Incheon International Airport, the gateway to Seoul, measured in terms of international passenger traffic, jumped by two notches to fifth last year, its operator said on Feb. 19. Incheon International Airport Corp., citing a report from the Airports Council International, sai...
Air Busan topped other budget carriers in customer satisfaction for the third consecutive year, a local survey said on Feb. 19. The Korean carrier earned the highest scores among the country‘s six budget carriers in most of 12 categories, which cover social contribution and corporate reliability,...
Workers at Daewoo Shipbuilding & Marine Engineering voted on Feb. 19 to strike to oppose Hyundai Heavy Industries’ proposed takeover, its labor union said. The approval for the proposed strike heralds a bumpy road for a mega deal between HHI and the state-run Korea Development Bank. Over 90 perc...
The proposed merger between Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering is expected to double the value of their outstanding orders for LNG ships to over US$12 billion, industry data showed on Feb. 19. HHI, the world’s largest shipbuilder, is set to formally sign a dea...
Unionized workers at Daewoo Shipbuilding & Marine Engineering began voting on Feb. 18 on whether to go on strike in opposition to Hyundai Heavy Industries’ proposed takeover. Voting by the some 5,600-member union set to run through Feb. 19 will be critical in a mega deal between Hyundai Heavy and...
A total of 2.9 million tourists used Airbnb, a global house-sharing platform, last year, up 56 percent from a year earlier, the company said on Feb. 14. Seven out of 10 Airbnb users, or some 2.02 million, were locals, with some 156,200 Chinese tourists to South Korea staying at Airbnb accommodatio...
Hanjin Group said on Feb.13 it will establish internal audit committees under its holding firm and logistics subsidiary to improve transparency in its business management. The conglomerate, whose business ranges from air passenger service, logistics and hotels, announced measures to improve the...
Cabbage prices soar 70% amid heat wave
Porsche Korea appoints new CEO
LIG Nex1 clinches W3.7tr deal to export missile defense system to Iraq
Bank of Korea eyes rate cut after US Fed's historic pivot
Hyundai Motor officially becomes KT’s largest shareholder
MBK defends Korea Zinc bid, refutes Chinese capital accusation