Archive by category Business

Earnings season kicks off amid gloomy outlook
Earnings season kicks off amid gloomy outlook

The fourth-quarter reporting season kicked off Tuesday amid low expectations as Korea’s listed firms continue to suffer from sluggish exports and a global …

Samsung Bioepis likely to delay Nasdaq debut
Samsung Bioepis likely to delay Nasdaq debut

Samsung Group’s biosimilars unit is likely to delay its public listing on the Nasdaq, originally scheduled for the first half of this year, industry sources …

[Newsmaker] Deutsche Bank trader sentenced to jail
[Newsmaker] Deutsche Bank trader sentenced to jail

On Nov. 11, 2010, with just 10 minutes for the stock market to close in Seoul, three traders in Hong Kong dumped 2.4 trillion won ($2 billion) worth of Korean …

LG Display turns to net loss in Q4
LG Display turns to net loss in Q4

South Korean panel giant LG Display Co. said Tuesday it swung to a net loss in the fourth quarter from a year earlier due to falling global panel prices. The …

Nonghyup promotes sales for lunar New Year

Nonghyup Hanaro Mart is offering discounts on various gift sets including fruits, meats, processed food, and toiletries for the Lunar New Year holidays until …

[SUPER RICH] Big Bang net worth 40b won
[SUPER RICH] Big Bang net worth 40b won

Popular K-pop boy band Big Bang is set to join the elite superrich club with an estimated total net worth of 40 billion won ($33.2 million). Moreover, it’s …

Green Cross’ immunodeficiency drug accepted for review by U.S. FDA
Green Cross’ immunodeficiency drug accepted for review by U.S. FDA

An immunodeficiency drug developed by Green Cross, a South Korean biopharmaceutical company, has been accepted for review by the U.S. Food and Drug …

LG Electronics’ net loss narrows in Q4

South Korean tech giant LG Electronics Inc. said Tuesday its net loss narrowed in the fourth quarter from a year earlier on strong sales of premium TVs and …

Jaguar launches new XJ luxury sports sedan
Jaguar launches new XJ luxury sports sedan

Jaguar’s director of design Ian Callum presents the new Jaguar XJ to the press on Monday at Dongdaemun Design Plaza in downtown Seoul. Jaguar Land Rover …

Samsung SDI shareholders agree to spin-off

Samsung SDI shareholders on Monday agreed to spin off the company’s chemicals business into a new affiliate called SDI Chemical, that will be sold to Lotte …

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