Archive by category Business

Seoul, Beijing set to ink direct currency trade deal

South Korea is set to ink a major deal with China that will increase the use of each other’s currencies in cross-border transactions. The leaders of the two …

Hanwha forms team for Dow Chemical bid

Hanwha Chemical has accelerated its efforts to purchase the petrochemical division of Dow Chemical by establishing a task force to manage the process. The team …

Conglomerates’ reliance on exports deepens in 2013

South Korean conglomerates’ dependence on overseas markets deepened last year, as they relied on exports for nearly half of their sales, data showed …

Banks forecast higher corporate credit risks in Q3

South Korean banks projected the credit risks of South Korean companies to rise in the third quarter due to sluggish domestic demand and the strengthening of …

Hyundai’s new Grandeur raises refinement of diesel sedans

Hyundai Motor’s new Grandeur diesel aims to raise the bar for refinement in South Korea’s car market by introducing class-leading sound insulation with …

Singapore Airlines offers discounts on tickets to Southeast Asia
Singapore Airlines offers discounts on tickets to Southeast Asia

Singapore Airlines on Tuesday announced sales on return air tickets to some Southeast Asian countries for travel between July 1 and Aug. 31. In a sale that …

Hanjin sells off stake in S-Oil

Hanjin Group, the nation’s largest logistics conglomerate, announced on Wednesday that it sold off a 28.41 percent stake in S-Oil for 2 trillion won ($1.9 …

LG Chem to build JV battery plant in Nanjing
LG Chem to build JV battery plant in Nanjing

LG Chem said Wednesday that it will build a joint venture plant in Nanjing, Jiangsu province, China, to produce lithium-ion batteries for electric vehicles by …

K-Glass to be unveiled in 2015
K-Glass to be unveiled in 2015

K-Glass, an electronic eyewear device developed by a team of South Korean researchers, is expected to be launched early next year, according to industry …

Microsoft ramps up protection for Outlook email

Microsoft said it is scrambling Outlook email messages in transit to thwart spying by governments and others. Toughened encryption at Outlook and Microsoft …

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