Archive by category Business

GS Inima wins $94m bid for Tunisian desalination plant

GS Inima Environment S.A., one of the world’s leading water treatment companies, secured a 69.4 million euro ($93.9 million) deal to build a desalination …

Earnings by Korean banks’ overseas branches rise in Q1

Earnings at South Korean banks’ overseas branches surged in the first three months of this year from a year earlier as they increased business loans in big …

KT envisions ‘GiGAtopia’
KT envisions ‘GiGAtopia’

SHANGHAI ― KT chief executive Hwang Chang-gyu urged the world’s leading mobile carriers and manufacturers to collaborate in establishing the so-called …

LG CNS going global with big data solutions
LG CNS going global with big data solutions

LG CNS, one of South Korea’s leading IT solutions companies, said Wednesday that it has started to provide a comprehensive analytic service using social …

MAE showcases connected mobile technology

SHANGHAI, China ― The 2014 Mobile Asia Expo, Asia’s largest mobile trade show, kicked off Wednesday, offering a glimpse into the future of mobile …

Alibaba to absorb mobile browser firm before listing

Chinas Alibaba said Wednesday it will absorb mobile browser developer UCWeb, calling it the “biggest” merger in the country’s Internet industry, as the …

KB Financial singled out for punishment

Financial authorities decided to impose a severe penalty on the top-ranking officials of KB Financial Group and KB Kookmin Bank in what appears to be a warning …

Hankook Tire starts work on R&D center
Hankook Tire starts work on R&D center

DAEJEON ― Hankook Tire, the nation’s largest tire manufacturer, on Tuesday reaffirmed its ambition to become a “top-tier” company in the global market …

Samsung Group chief moving, but still unconscious
Samsung Group chief moving, but still unconscious

Samsung Group said Tuesday that chairman Lee Kun-hee’s health is improving, but he remains unconscious. He was able to move his hands and feet a little, and …

‘Korea to sustain export-led recovery despite strong won’

South Korea can sustain export-led growth despite mounting concerns that the strong local currency could hurt the price competitiveness of Korean products, …

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