Archive by category Business

Korea’s car exports plunge in January
Korea’s car exports plunge in January

Korea’s outbound shipments of cars nosedived at the fastest clip in more than six years in January as fast-falling oil prices dragged down demand from …

Office lease market in Seoul to remain slow
Office lease market in Seoul to remain slow

Leasing activity for office buildings in Seoul is expected to remain conservative in 2016, according to the 2016 Asia Pacific outlook report by real estate …

Lotte names 1st son as legitimate heir
Lotte names 1st son as legitimate heir

Lotte Group founder’s first son Shin Dong-joo released a video earlier this week in which his father named him as the legitimate heir of the retail giant …

[Photo News] Woori Bank enters Iran
[Photo News] Woori Bank enters Iran

FORAY INTO IRAN — Woori Bank CEO and president Lee Kwang-goo (third from the left) hosts a ceremony to announce the opening of the bank’s trade and …

Lotte founder names 1st son as legitimate heir through video
Lotte founder names 1st son as legitimate heir through video

Lotte Group founder’s first son released a video earlier this week in which his father named him as the legitimate heir of the conglomerate, industry …

South Korea’s financial regulator to convene emergency meeting

South Korea’s top financial regulator will convene an emergency meeting to intensify monitoring of the local financial market following North …

Seoul shares seen to stay rangebound in post-holiday sessions
Seoul shares seen to stay rangebound in post-holiday sessions

South Korean stocks are expected to move sideways during the holiday-shortened week on signs of a slowing Chinese economy and fluctuating oil prices, though …

Kakao’s Q4 profits drop due to higher costs
Kakao’s Q4 profits drop due to higher costs

Concerns over Kakao’s profitability are on the rise in the market as the profits of the mobile messenger operator nosedived in the October-December period …

Hanwha chairman meets ex-Heritage Foundation chief
Hanwha chairman meets ex-Heritage Foundation chief

Hanwha Group chairman Kim Seung-youn discussed Korea-U.S. economic relations and the conglomerate’s core businesses with former Heritage Foundation chief …

Samsung, LG switch strategies to take on smartphone rivals
Samsung, LG switch strategies to take on smartphone rivals

Caught between decreasing earnings and challenges posed by Chinese competitors, Korea’s tech giants Samsung Electronics and LG Electronics aim to create new …

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