[Newsmaker] 'I've said it all': Lotte founder’s daughter

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[Newsmaker] 'I've said it all': Lotte founder’s daughter

[THE INVESTOR] Shin Young-ja, daughter of Lotte Group founder Shin Kyuk-ho and head of Lotte Foundation returned home on July 2 after 16 hours of questioning by prosecutors.“I’ve said it all,” Shin...

Updated : 2016.07.02 16:27

Asiana replacing parts in A380 from delayed New York-Incheon flight

[THE INVESTOR] Asiana Airlines has grounded the Airbus A380 aircraft that experienced mechanical problems at the John F. Kennedy International Airport, it was revealed on July 1.According to industry ...

Updated : 2016.07.01 17:07

Hyundai Heavy heir to meet with Saudi Arabian energy minister

[THE INVESTOR] Hyundai Heavy Industries’ heir and executives are to discuss widening their business opportunities in Saudi Arabia on July 1 when they meet Aramco executives and Saudi Arabian Energy M...

Updated : 2016.07.01 16:36

Post-Brexit market under greater sway by foreign investors

It's always hard to predict how the stock market will unfold in the future, and when a catastrophic event hits the market, it is even tougher for investors to gauge its impact and the market's future ...

Updated : 2016.07.01 16:35

STX Offshore in talks to ax shipbuilding contracts

STX Offshore & Shipbuilding Co., a local shipyard under court receivership, is in talks with its customers to cancel orders, as it strives to reduce losses, industry sources said Friday.According to t...

Updated : 2016.07.01 16:33

Lotte World Mall accused of design plagiarism

[THE INVESTOR] A local design firm has publicly accused the Lotte World Mall in Seoul for ripping off its design for their building on July 1. Local design house 2CM claims that the exterior design of...

Updated : 2016.07.01 16:27

Prosecutors summon Lotte founder’s daughter

Shin Young-ja, the chairwoman of Lotte Foundation and daughter of Lotte Group founder Shin Kyuk-ho, appeared at the Seoul Central Prosecutors’ Office on Friday morning as the bribery investigation in...

Updated : 2016.07.01 15:40

No. of large groups’ subsidiaries rise to 1,770 in June

[THE INVESTOR] The number of companies belonging to large corporate groups increased by 11 to come in at 1,770 in June, the Fair Trade Commission said on July 1. According to the FTC, a total of 20 co...

Updated : 2016.07.01 15:19

Korea reports 6th confirmed case of Zika virus

South Korea has confirmed its sixth Zika virus infection in a woman who returned from the Dominican Republic, local health authorities said Friday.The latest Zika patient was discovered 51 days after ...

Updated : 2016.07.01 13:55

More firms subject to strict antitrust rules in June

The number of South Korean business groups' affiliates subject to restrictions on mutual investments and loan guarantees rose in June from a month earlier, the antitrust watchdog said Friday.The Fair ...

Updated : 2016.07.01 13:53

Korean airlines increase flights to Japan, Vietnam

[THE INVESTOR] Major local air carriers are expanding their services to Tokyo and Sapporo in Japan and Da Nang in Vietnam, in response to the growing number of tourists to the area, Incheon Internatio...

Updated : 2016.07.01 13:26

Korea to delay space rocket launch for technical setback

South Korea has decided to postpone the test-launch of its next-generation space rocket, scheduled for late next year, due to some technical glitches, officials said Friday.The government had planned ...

Updated : 2016.07.01 13:20

Brexit to limit the scope of British law firms in Korea

[THE INVESTOR] South Korea’s legal consultation market is now open to European Union-based law firms, but those based in Britain are now likely to face severe limitations. Under the Korea-EU Free Tr...

Updated : 2016.07.01 13:12

Experts group to help medical institutions go abroad

State health agencies said Friday they have launched a group of specialists to effectively assist South Korea's medical institutions get established in foreign countries.The Ministry of Health and Wel...

Updated : 2016.07.01 12:56

Lotte founder’s daughter summoned by prosecution

Shin Young-ja, the chairwoman of Lotte Foundation and the eldest daughter of Lotte Group founder Shin Kyuk-ho, appeared at the Seoul Central Prosecutors’ Office on Friday morning as a bribery investi...

Updated : 2016.07.01 11:58