Archive by category Business

Foreigner-only casino to be built on Yeongjongdo Island by 2020
Foreigner-only casino to be built on Yeongjongdo Island by 2020

A consortium proposing the development of a casino-driven integrated resort on Yeongjongdo Island in Incheon has won the business license to do so, the …

Affordable yet stylish, quality cars matter for millennials
Affordable yet stylish, quality cars matter for millennials

Tivoli, Ssangyong’s compact SUV, was selected as the best family car in Belgium. For marketers, the car industry is one of the most difficult sectors as …

Cheil Worldwide hires Goldman Sachs for stake sale to Publicis

Cheil Worldwide, the advertising unit of Samsung Group, has recently hired Goldman Sachs as lead financial advisor for its planned stake sale to French ad …

CJ HelloVision shareholders approve merger with SK Broadband
CJ HelloVision shareholders approve merger with SK Broadband

Shareholders of CJ HelloVision, the nation’s No. 1 cable TV operator, on Friday approved the company’s planned merger with SK Broadband, the IPTV unit of …

Household spending grew at slowest pace in 2015

South Korea’s household income grew at the slowest pace in six years in 2015, with spending growth hitting a new record low, government data showed Friday. …

Samsung’s Lee Kun-hee top dividend earner in 2015
Samsung’s Lee Kun-hee top dividend earner in 2015

Samsung Group head Lee Kun-hee trumped all business tycoons in the country in terms of dividend earnings in 2015, data showed Friday. The 2015 dividend income …

Sharp shares plunge as takeover thrown into question
Sharp shares plunge as takeover thrown into question

Sharp’s shares dived nearly 15 percent on Friday, after the Taiwanese multinational that owns Foxconn said it would delay its multi-billion-dollar …

Korean household spending dips to record low in 2015
Korean household spending dips to record low in 2015

Korea’s household spending fell to an all-time low in 2015 despite a slight increase in income, as households repaid debts and spent less amid an …

Korea’s auto market grows to world’s 10th largest in 2015
Korea’s auto market grows to world’s 10th largest in 2015

Korea’s automobile market grew 10.3 percent in 2015 in the face of an economic slump, becoming the world’s 10th largest in vehicle sales, data …

SK Group ratchets up move for pharmaceutical biz
SK Group ratchets up move for pharmaceutical biz

SK Holdings, the parent firm of Korea’s No. 3 conglomerate SK Group, said Friday it has bought a drug firm to speed up its efforts to tap deeper into the …

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