Philippines seeks S. Korea warship donation

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No.1 buyer of distressed assets to pour 500 bln won into SME restructuring fund

United Asset Management Company, South Korea's biggest bad loan investment firm, said Thursday it will invest 500 billion won ($442.6 million) into a private-public fund that will help restructure sma...

Updated : 2017.04.27 17:49

Egg-laying hens hit lowest in 12 years due to bird flu outbreak

The number of egg-laying hens in South Korea fell to the lowest level in 12 years in the first quarter, data showed Thursday, sparking concerns that egg prices could go up further.The data compiled by...

Updated : 2017.04.27 17:45

Hyundai Steel Q1 net more than double on high-end products

Hyundai Steel Co., South Korea's second-biggest steelmaker by sales, said Thursday that its first-quarter earnings more than doubled on robust sales of high-end products and cost reduction efforts. Ne...

Updated : 2017.04.27 17:45

Over 600 Korean SMEs clinch overseas deals: World-OKTA

More than 600 small and medium-sized companies in South Korea have clinched deals with partners based abroad over the past year through a trade convention for overseas Korean entrepreneurs and smaller...

Updated : 2017.04.27 16:43

CJ Cheiljedang records jump in dumpling sales this year

CJ Cheiljedang Corp., South Korea's leading maker of processed foods, said Thursday sales of its flagship precooked dumplings soared this year from a year earlier on the back of the growing one-person...

Updated : 2017.04.27 16:26

[Monitor] Accumulated orders secured by Korea’s top 3 shipbuilders

Hyundai Heavy Industries, the world’s largest shipbuilding group, has received 39 vessel orders totaling $2.3 billion in the first four months of this year, a 39 percent increase compared to all of l...

Updated : 2017.04.27 16:11

Could fruit extract help secure future of livestock industry?

Faced with tightened government regulations on the environment and increased competition from cheap imports under a number of free trade pacts, livestock farmers have been struggling to support their ...

Updated : 2017.04.27 15:55

Celltrion, Nippon Kayaku to sell Rituxan biosimilar in Japan

South Korea’s Celltrion said Thursday it has selected Japanese drugmaker Nippon Kayaku to handle the sales of its Truxima, a biosimilar copy of Roche’s lymphatic cancer drug Rituxan, on the Japanese...

Updated : 2017.04.27 15:36

G&B Solutions helps keep pig farms clean, safe

Green & Blue Solutions, a local manufacturer of odor eliminators based on bio-enzyme technology, has dedicated itself to addressing concerns over the environment of pig farms and helped improve their ...

Updated : 2017.04.27 15:07

Govt. starts work to build LNG storage, distribution facilities in Jeju

A ceremony was held here Thursday for the construction of liquefied natural gas storage facilities and distribution pipelines that aim to provide the southern resort island with a cleaner source of po...

Updated : 2017.04.27 14:50

Youth, smart tech reshaping Korea's farming industry

Farming industry in South Korea is undergoing a big change, as more urbanites choose to venture into agricultural businesses by moving to the countryside and bringing with them growth potential and cu...

Updated : 2017.04.27 14:45

Korean Air lends helping hand in Korea, overseas

Korea’s largest air carrier Korean Air said Wednesday that it is continuing to expand its social responsibility efforts, utilizing resources to help those in need all over the world.Outside of Korea,...

Updated : 2017.04.27 14:40

[Newsmaker] Shin solidifies grip on Lotte with reshuffle

Lotte Group Chairman Shin Dong-bin is poised firm his grip on his family’s conglomerate, following decision of the group’s four major units Wednesday to merge their investment entities into a centra...

Updated : 2017.04.27 14:18

Hyundai E&C Q1 net dips 50% on currency loss

Hyundai Engineering & Construction Co., a major construction firm here, said Thursday that it suffered a 50 percent on-year slump in first-quarter net profit due to currency losses. Net profit for the...

Updated : 2017.04.27 14:12

Korean Air receives 2nd B787-9 to enhance services

Korean Air Lines Inc. on Thursday received its second B787-9 aircraft that will allow it to strengthen its customer service starting next month.Korean Air, South Korea's biggest carrier by sales, will...

Updated : 2017.04.27 13:04