Archive by category Business

Asiana to pay $55 mln settlement in fuel price-fixing case

Asiana Airlines said Friday that it has agreed to pay a $55 million settlement in a fuel surcharge price-fixing case, ending a decade-long anti-trust class …

[Weekender] Aiming for the moon
[Weekender] Aiming for the moon

SEOUL/DAEJEON — Despite several early failures, Korean engineers and scientists are poised to leap into space, hoping to realize the country’s …

Korean shares edge down on U.S. woes
Korean shares edge down on U.S. woes

Korean stocks closed lower Friday as poorer-than-anticipated economic data from the United States and a possible U.S. rate hike down the road continued to …

Doosan eyes turnaround with new chief
Doosan eyes turnaround with new chief

Shareholders of Doosan Corp., the holding company of Doosan Group, approved the directorship of its chairman Park Jeong-won in their annual meeting on Friday. …

Per capita income sees first drop in six years
Per capita income sees first drop in six years

South Korea posted the first on-year drop in per capita income last year largely due to the weakening of the Korean won against the greenback, which dragged …

Doosan ties with KEPCO for wind power business
Doosan ties with KEPCO for wind power business

Doosan Heavy Industries & Construction, one of Korea’s leading power equipment makers, signed a memorandum of understanding with state-run Korea Electric …

Daelim heir apologizes for mistreatment chauffers
Daelim heir apologizes for mistreatment chauffers

APOLOGY – Lee Hae-wook, vice chairman of Daelim Industrial of Daelim Group, apologizes for alleged gross mistreatment of his chauffers at the company’s …

GS Retail to start EV charging services
GS Retail to start EV charging services

GS Retail, the retail unit of GS Group, said Thursday it will operate charging stations for electric vehicles through its nationwide network of convenience …

[Market Now] Hanwha, LIG, private equities in takeover race for Doosan DST
[Market Now] Hanwha, LIG, private equities in takeover race for Doosan DST

Hanwha Techwin and LIG Nex1, two of Korea’s leading weapons manufacturers, will be racing to bid for Doosan Group’s armored vehicle manufacturer Doosan …

Korea Investment CEO to serve 9th term
Korea Investment CEO to serve 9th term

Korea Investment & Securities said Thursday that president Ryu Sang-ho will serve his ninth term, becoming the longest-serving CEO in the nation’s …

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