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Creditors set to decide fate of cash-strapped Daewoo Shipbuilding

Creditors of Daewoo Shipbuilding & Marine Engineering Co. are set to announce a set of new rescue schemes next week for the cash-strapped shipbuilder, with many expecting the shipbuilder to be put un...

Updated : 2017.03.18 10:57

[Newsmaker] Hyundai Motor chief retains board seat

Hyundai Motor Group Chairman Chung Mong-koo renewed his board membership at Friday’s shareholder meeting with the carmaker’s largest institutional investor, National Pension Service, abstaining fro...

Updated : 2017.03.17 19:47

LIG Nex1 attends Colombia defense show

South Korea’s leading defense company LIG Nex1 said Friday that it participated in a global conference held in Colombia to introduce its latest devices designed for naval defense. Colombia Mar 2017...

Updated : 2017.03.17 17:56

[Eye] Casamia Uffia finds its calling in creative spaces

Casamia Uffia is known as the office furniture arm of the midsized furniture house Casamia, but the company’s President Lee Hyung-woo says he prefers to describe his company in a different way. “O...

Updated : 2017.03.17 17:19

[Weekender] Minimalist consuming is not about quantity

The idea of minimalism is often perceived in a quantitative sense. However, in today’s consumer market minimalism is not about buying less but about buying better, and retail players are scrambling...

Updated : 2017.03.17 17:06

[Weekender] The art of living with less

For most people, moving is always an immense hassle. However, it took only two hours for 37-year-old Kim Yoon-jin and her family to pack up their belongings and move out of their residence in Seoul l...

Updated : 2017.03.17 17:01

Korea pushes to extend anti-dumping tariffs on foreign steel products

South Korea's agency handling trade remedies said Friday that it has decided to extend the current anti-dumping tariffs imposed on some foreign stainless steel products by three additional years. Th...

Updated : 2017.03.17 16:44

Hyundai Motor chief retains boardroom seat

Hyundai Motor Group Chairman Chung Mong-koo renewed his board membership at Friday’s shareholder meeting with the carmaker’s largest institutional investor, National Pension Service, abstaining fro...

Updated : 2017.03.17 16:17

Naver shareholders confirm new CEO

Shareholders of Naver Corp., the operator of South Korea's dominant Internet portal, on Friday confirmed Han Seong-sook as the company's new CEO. The 50-year-old Han, formerly the vice president of ...

Updated : 2017.03.17 15:50

Korea eyes attracting tourists from all across Asia to overcome THAAD row

South Korea has stepped up efforts to overhaul its dependence on China for its tourism trade by shifting the focus to other Asian countries to cope with the fallouts triggered by the stationing of an...

Updated : 2017.03.17 13:36

Samsung to begin pre-order sales of Galaxy Tab S3 in US

Samsung Electronics Co. is set to start pre-orders of its new tablet computer, the Galaxy Tab S3, in the United States later this week, according to the company on Friday. Samsung unveiled the 9.7-i...

Updated : 2017.03.17 13:33

LG Electronics cuts board size

Shareholders of LG Electronics Inc. approved a plan Friday that reduced the number of board members to seven directors from nine, in what the company says is a move to better cope with the rapidly ch...

Updated : 2017.03.17 10:53

Hyundai ships new i30 hatchbacks to Australia

Hyundai Motor Co. said Friday it has shipped its first batch of the new i30 hatchback to Australia while planning to ship more of the vehicles to the United States, Canada and Brazil during the first...

Updated : 2017.03.17 10:52

Korea-led consortium wins $3b deal to build Turkey's Canakkale bridge

An international consortium led by major South Korean builder SK E&C has inked a deal to build the world's longest suspension bridge in Turkey, government officials in Seoul said Friday. The deal, s...

Updated : 2017.03.17 10:45

Companies’ shareholders meetings face shadows of political scandal

South Korea’s major companies will hold regular shareholders meetings Friday to vote on such matters as reinstating a group chair as an in-house director, but some of them are facing the aftermath of...

Updated : 2017.03.16 18:25