Foreign employees in Korea continue to increase
[ THE INVESTOR ] The number of foreigners working in South Korea made a slight increase this year from a year earlier, government data showed on Oct. 20. Of the more than 1.42 million foreign resi...
Oct 20, 2016
NTS launches special tax audit on DSME
[ THE INVESTOR ] The National Tax Service on Oct. 20 launched a special audit on troubled shipbuilder Daewoo Shipbuilding and Marine Engineering . According to DSME, NTS investigators secured fi...
Shipbuilding industry leaders say oversupply and global issues delaying recovery
[ THE INVESTOR ] Stemming oversupply is key to overcoming the shipbuilding industry’s difficulties, according to global industry leaders. Speaking at the meeting of shipbuilders’ CEOs from Japan, ...
DCNS interested in buying STX France: report
[ THE INVESTOR ] French naval contractor DCNS is considering making a bid for STX France, a unit of South Korea’s bankrupted shipbuilding group, a local media outlet reported on Oct. 20. According...
Korean Air, Asiana Airlines lose debt investors’ appetite
[ THE INVESTOR ] Korean Air Lines and Asiana Airlines are losing institutional investors’ appetite in the local debt market, industry sources said on Oct. 20. According to the sources, Korean ...
Large firms need more incentives to support smaller companies: survey
[ THE INVESTOR ] Top business conglomerates in South Korea have expanded investment in their smaller companies but little incentives hinder such efforts, a survey showed on Oct. 20. In a survey co...
Ailing shipbuilders to turnaround in Q3
[ THE INVESTOR ] South Korea's three largest shipbuilders are expected to post positive earnings in third quarter despite their ongoing troubles. According to industry sources, the three companies...
CJ Korea Express, Echroba accused of unfair practices with subcontractors
[ THE INVESTOR ] The Small and Medium Business Administration on Oct.19 said it requested the state antitrust agency to press charges against CJ Korea Express and Echroba for unfair business pra...
[GRAPHIC NEWS] Top 3 shipbuilding firms post shaky performance
[ THE INVESTOR ] The value of contracts signed by Korea’s top three shipbuilding firms -- Hyundai Heavy Industries , Daewoo Shipbuilding and Marine Engineering , and Samsung Heavy Industries ...
Oct 19, 2016
LOT Polish Airlines begins service to Incheon
[ THE INVESTOR ] LOT Polish Airlines officially began operating at Incheon International Airport earlier this week, offering the first-ever nonstop flights between Poland and Korea, the airliner sa...
Kolon Industries ordered to pay large corporate tax
[ THE INVESTOR ] Kolon Industries has been ordered to pay 74.3 billion won (US$66.05 million) additional corporate taxes. The order was issued following a recent audit by the Seoul branch of the ...
Korea to promote engineering sector as new growth engine
[ THE INVESTOR ] The government announced on Oct. 19 that South Korea will center on fostering the local engineering sector as one of the country’s new growth engines. Engineering is an industria...
Park visits industrial complex in Gumi
[ THE INVESTOR ] President Park Geun-hye visited a major industrial complex in the southern city of Gumi on Oct. 19 in her latest move to call for efforts to foster new industries and reinvigorate...
Shipbuilders to see better Q3 earnings
[ THE INVESTOR ] Major shipbuilders in South Korea are expected to see their earnings in the third quarter rise more than estimated, industry sources said on Oct. 19. According to Korea Investmen...
4 firms approved for fast-track corporate restructuring
[ THE INVESTOR ] The South Korean government approved four companies to carry out voluntary corporate restructuring under “one-shot act”, the Trade Ministry said on Oct. 19. The ministry said a g...
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