Archive by category Business

Korea losing Chinese tourists to Japan
Korea losing Chinese tourists to Japan

The number of Chinese visitors coming to South Korea declined last year in contrast to a growing number of travelers heading to Japan, sparking concerns that …

[Photo News] OCI completes 10MW plant in Huai’an
[Photo News] OCI completes 10MW plant in Huai’an

OCI COMPLETES HUAI’AN SOLAR PLANT — OCI president Huh Man (center) and company officials hold a ribbon-cutting ceremony Wednesday to mark the completion of …

SK Group sets ‘new energy’ as future growth engine
SK Group sets ‘new energy’ as future growth engine

SK Group has selected alternative energy as a new business area to lead its future growth, eyeing forthcoming changes to sweep the global business landscape in …

Consumer sentiment at 6-month low
Consumer sentiment at 6-month low

Consumer confidence has slipped in January to a six-month low as households fretted about the economic outlook on the back of China’s slowdown and stock …

S. Korea grew at slower pace in Q4

South Korea’s fourth-quarter economic growth slowed on reduced investment in the construction sector, the country’s central bank said Tuesday. In the three …

Korea’s GDP growth slips to 2.6% in 2015
Korea’s GDP growth slips to 2.6% in 2015

The ailing South Korean economy grew 2.6 percent in 2015, the lowest in three years, largely due to slumping exports and manufacturing, the central bank said …

[Photo News] Visit to traditional market
[Photo News] Visit to traditional market

KB Financial Group chairman Yoon Jong-kyoo (center) and Financial Supervisory Service Gov. Zhin Woong-seob (right, front row) at a visit to a traditional …

Seoul shares retreat on lackluster earnings
Seoul shares retreat on lackluster earnings

South Korean stocks sank 1.15 percent Tuesday as investors were disheartened by market heavyweights’ sluggish earnings and slumping oil prices. The …

LG Chem’s operating profit jumps 40% on-year in 2015
LG Chem’s operating profit jumps 40% on-year in 2015

Despite global economic woes last year, LG Chem saw its operating profit increase by 39.1 percent to 1.82 trillion won, compared to the preceding year, …

Yamaha Music Korea appoints new CEO

Yamaha Music Korea announced Tuesday that it has appointed Hideo Kaneda, former head of Yamaha’s Taiwanese operations, as its new chief executive. The …

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