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LG Display to focus capital spending on OLED

LG Display Co. said Thursday it will suspend making investments in liquid-crystal display panels for TVs, and instead focus its efforts on developing the next-generation organic light-emitting diode p...

Updated : 2017.07.27 10:12

SK Innovation to pay out 1st interim dividends

SK Innovation Co., South Korea's top oil refiner, said Wednesday that it has decided to pay out its first-ever interim dividends worth 149 billion won ($133 million) to boost shareholder value.In a re...

Updated : 2017.07.26 18:16

LG Display considering various options to raise fund for investment

LG Display Co. said Wednesday it is considering various options, including loans, to fund its major investment plan announced earlier this week aimed at beefing up its competitiveness in the organic l...

Updated : 2017.07.26 13:31

CJ Cheiljedang to build production base in Vietnam

CJ Cheiljedang Corp., South Korea's leading processed foods maker, said Tuesday it will spend 70 billion won ($63 million) on building a new production complex in Vietnam to expand its presence in the...

Updated : 2017.07.25 15:13

Jin Air adds B737-800 to strengthen fleet

Jin Air Co., the budget carrier unit of Korean Air Lines Co., said on Monday it added a B737-800 jet to its growing fleet to meet demand during the summer peak season. With the addition of the B737-80...

Updated : 2017.07.24 11:24

SK Group plans joint growth with suppliers, contributes to domestic consumption

SK Group will take steps to boost domestic consumption, including encouraging its employees to take long vacations and facilitate growth of subcontractors, corporate sources said Thursday.CEOs of the ...

Updated : 2017.07.20 11:01

Asiana to deploy 2nd A350 on long-haul routes

Asiana Airlines Inc., South Korea's No. 2 full-service passenger carrier by sales, said Thursday it will deploy its second A350 jet on long-haul routes from next week.The second of four A350 jets sche...

Updated : 2017.07.20 10:20

Lotte chief stresses investment for lucrative biz

The head of retail giant Lotte Group said Tuesday the conglomerate needs to expand investment targeting its lucrative businesses to further expand presence in the market, as it is suffering from a ser...

Updated : 2017.07.18 17:15

Lotte chief's brother against governance shakeup plan

The elder brother of the chief of retail giant Lotte Group said Tuesday he has raised an objection to the conglomerate's governance shakeup plan, demanding that a key unit be taken off the list of spl...

Updated : 2017.07.18 11:43

Samsung Heavy to reduce workforce

Samsung Heavy Industries Co. is seeking to cut its workforce and have employees return part of their salaries in order to cut costs, industry sources said Tuesday.Last year, the major South Korean shi...

Updated : 2017.07.18 09:25

Jeju Air gets China approval to fly 2 chartered flights

Jeju Air Co., South Korea's leading budget carrier, said Monday it has obtained approval from the Chinese authorities to fly two chartered flights to the neighboring country next week. "Jeju Air is th...

Updated : 2017.07.17 16:08

Citibank Korea offers to slightly scale down branch closures

Citibank Korea, the South Korean unit of Citigroup Inc., has proposed slightly reducing the number of branches it plans to shut down, an industry source said Tuesday, in a bid to avoid a backlash from...

Updated : 2017.07.11 14:48

Lotte chief vows transparent management structure

The head of South Korean retail giant Lotte vowed on Monday to boost the group's transparent management as it attempts to tide over a string of troubles through a governance shakeup. During an IR sess...

Updated : 2017.07.10 18:08

KDB begins preparatory work to sell Daewoo Engineering

State-run Korea Development Bank said Monday it has begun preparatory work to sell its controlling stake at Daewoo Engineering & Construction Co.KDB plans to pick an investment bank, a law firm and an...

Updated : 2017.07.10 17:43

Allianz Life Korea names Sun Lei as new CEO

Allianz Life Korea said Friday it has appointed Sun Lei as its new head in a reshuffle that also affected its chief financial officer.Sun served in senior posts in the actuary, product, risk and finance divisions at Allianz Asia Pacific, Taiwan and China before joining Allianz Life Korea a...

Updated : 2017.06.30 16:07