President says special envoys help fill diplomatic hiatus

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KDB issues refund guarantee for Daewoo's latest deal

The state-run Korean Development Bank, the largest creditor of Daewoo Shipbuilding & Marine Engineering Co., a troubled shipbuilder here, has issued a refund guarantee for the shipyard's latest deal,...

Updated : 2017.05.11 14:25

Kakao sales jump after Loen takeover

Kakao Corp. reported Thursday that its quarterly sales have been improving along with the takeover of Loen Entertainment last year, with this year’s first-quarter sales recording 443.8 billion won (...

Updated : 2017.05.11 14:13

[Superich] Young chairman epitomizes Dong-A Socio Group’s emphasis on capability

Dong-A Socio Group’s management rights have been passed down to the third generation of its founding family, with Kang Jung-seok, grandson of Dong-A Pharmaceutical’s founder Kang Joog-hee, promoted...

Updated : 2017.05.11 13:53

[Superich] SK Networks undergoes reforms to specialize in rental biz

Chairman Choi Shin-won, cousin of SK Group Chairman Chey Tae-won, has returned to SK Networks emphasizing that the company “needs to undergo changes and innovations as if it were to be re-founded.”...

Updated : 2017.05.11 13:51

Samsung promotes 54 as vice presidents

Samsung Electronics said Thursday it has carried out a reshuffle of its executives in its smartphones and home appliances units, the first high-level moves made since it has been embroiled in a corru...

Updated : 2017.05.11 11:47

Govt. moves to import Danish, Thai eggs amid supply shortage

The South Korean government is set to import eggs from Denmark and Thailand to curb a continuing price hike here stemming from a supply shortage in the wake of the bird flu outbreak late last year, i...

Updated : 2017.05.11 11:38

Korea's Q1 tourism deficit hits record, 10-yr high

The trade deficit in South Korea's tourism industry rose to a record high for the past decade in the first quarter, due largely to a void in Chinese visitors following the ban of Korea-bound trip sal...

Updated : 2017.05.11 10:14

Uptrend in food prices forecast to ease after presidential poll

South Korean food makers are likely to refrain from jacking up their prices following the inauguration of the new government, leading to a let-up in the recent uptrend, analysts said Thursday. The u...

Updated : 2017.05.11 09:39

Big foreign firms splurge on dividends, scrimp on donations

Large foreign companies operating in South Korea tend to pay lavish dividends to their head offices, but they are stingy with donations to local charities, data showed Thursday. According to the dat...

Updated : 2017.05.11 09:10

Rebidding for remaining new Incheon airport duty-free shops fails again

An attempt to lease out the remaining duty-free store licenses by tender at the new terminal at Incheon International Airport has failed again, as no duty-free operators made a bid, authorities and i...

Updated : 2017.05.10 20:06

Trading in Netmarble shares to begin Friday

Shares of Netmarble Games Corp, South Korea's largest mobile games maker, will begin on the Korea Exchange later this week, the bourse operator said Wednesday. The value of the initial public offeri...

Updated : 2017.05.10 17:45

Doosan Heavy Q1 net dips 58% on one-off factor

Doosan Heavy Industries Co., South Korea's top power equipment maker, said Wednesday its first-quarter profit shrank 58 percent from a year earlier largely due to a one-off factor. Net profit reache...

Updated : 2017.05.10 16:51

[Moon in Office] Moon Jae-in to push for renewable energy policies

South Korea’s freshly inaugurated President Moon Jae-in is expected to push forward renewable energy policies to tackle concerns over pollution and the safety of nuclear energy. On Moon’s campaign...

Updated : 2017.05.10 16:05

Asiana Q1 net more than doubles on FX gains

Asiana Airlines Inc. said Wednesday its net profit more than doubled in the first quarter from a year earlier on currency gains. Net profit for the three months ended March 31 jumped to 96 billion w...

Updated : 2017.05.10 15:52

[Moon in Office] Chaebol reform drive to bolster FTC

The election of Moon Jae-in as president of South Korea comes amid intensified calls to reform an economic landscape centered on family-run chaebol or conglomerates. In light of such calls, Moon is ...

Updated : 2017.05.10 15:49