Archive by category Business

One discount chain drives out 22 smaller stores: report

Each new discount chain that opens can lead to 22 grocery stores closing down in the same neighborhood, a report said Thursday, supporting views that …

Aramco to acquire S-Oil stocks from Hanjin Group
Aramco to acquire S-Oil stocks from Hanjin Group

Khalid A. Al-Falih, Saudi Aramco CEO Aramco Overseas Company, the largest shareholder of S-Oil, said Thursday it would take over the 32 million shares of S-Oil …

OCSiAl eyes Korean market

OCSiAl, a leading manufacturer of graphene tubes, said Thursday it would start expanding its business into the Asian carbon nanotube market beginning in Korea. …

POSCO close to commercializing lithium extracting method

POSCO on Thursday said it was nearing commercialization of a new technology that can efficiently and quickly extract high-quality lithium directly from raw …

Financial chiefs face turbulent second half
Financial chiefs face turbulent second half

The most pressing task for many financial chiefs in the remaining half of the year may be to stay out of the public eye and this is all the more true for those …

Chief of Standard Chartered optimistic on Korean business
Chief of Standard Chartered optimistic on Korean business

Standard Chartered Group head Peter Sands emphasized the importance of South Korea in the British banking group’s global strategy, brushing off speculation …

Hana, Western Union in money transfer tie-up
Hana, Western Union in money transfer tie-up

Hana Bank is offering a more convenient overseas remittance system for outbound users such as members of the foreign community or parents with children …

South Korea, China to move ahead with free trade, currency exchanges
South Korea, China to move ahead with free trade, currency exchanges

Bilateral economic relations between South Korea and China are expected to further strengthen as the two countries will aim to solidify and bolster their ties …

Chinese business leaders to seal partnerships with Korean tycoons
Chinese business leaders to seal partnerships with Korean tycoons

The largest-ever Chinese business delegation, composed of more than 200 Chinese CEOs, will visit Korea on Thursday with Chinese President Xi Jinping. “The …

FSS sanctions lose steam on FSC intervention

When the Financial Supervisory Service’s disciplinary committee session ended flat with no conclusion on the scope and degree of sanctions on key financial …

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