Archive by category Business

Korean stocks down ahead of FOMC meeting
Korean stocks down ahead of FOMC meeting

Korean shares fell 0.12 percent Tuesday, ending a four-day winning streak, as investors took a wait-and-see stance ahead of the U.S policy rate-setting meeting …

Creditors of Kumho Tire exploring stake sale

As creditors of Kumho Tire are considering selling stakes in the world‘s 12th-largest tire maker by sales, global and local firms seeking to expand their …

Hyundai Motor to resume export of auto parts to Iran in April
Hyundai Motor to resume export of auto parts to Iran in April

Hyundai Motor Group is gearing up for the reentry into the reopened Iranian market by exporting the semi-knockdown products. The automotive group said Tuesday …

Korea ranks No. 5 for billionaires who inherited wealth
Korea ranks No. 5 for billionaires who inherited wealth

Korea ranked fifth in the world in terms of superrich business tycoons who inherited their wealth instead of making their own fortune, a think tank report …

Neofect to expand into B2C rehabilitative training solutions
Neofect to expand into B2C rehabilitative training solutions

On March 2, the research team of Dr. Shin Joon-ho of the National Rehabilitation Center announced its publication of an article in the most recent issue of the …

Foreign banks fined for bid rigging in FX swap deals
Foreign banks fined for bid rigging in FX swap deals

South Korea’s antitrust watchdog said Tuesday that it has issued fines worth 59 million won ($49,700) to two foreign banks for rigging bids for foreign …

Mirae Asset to cut purchase price of Daewoo Securities by W55b
Mirae Asset to cut purchase price of Daewoo Securities by W55b

Mirae Asset Financial Group has cut its purchase price of KDB Daewoo Securities by 55 billion won ($46.3 million) to 2.33 trillion won, local reports said …

Incheon Airport named best duty-free shopping site

Incheon International Airport was named the world’s best duty-free shopping site for the sixth consecutive year by an American travel magazine, the airport …

HanAll, Daewoong to develop new drug for dry eyes
HanAll, Daewoong to develop new drug for dry eyes

HanAll Biopharma and Daewoong Pharmaceutical have agreed to jointly develop a new drug to treat dry eye syndrome — a common eye condition in which …

Premium instant noodles dominate local ramyeon sales
Premium instant noodles dominate local ramyeon sales

Premium instant noodles that cost more than 1,000 won per individual packet are emerging as the dominant product category in South Korea’s competitive …

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