Samsung's shipbuilding, engineering units to merge

Samsung Group's shipbuilding and engineering units on Monday announced a plan to merge within this year as the nation's top conglomerate speeds up a restructuring drive.The stock exchange ratio has been set at 2.36 shares of Samsu...

Gov’t, ruling party mull 5% hike in 2015 budget

The government and the ruling party are considering a hike in the nation’s budget next year by about 5 percent, a move apparently aimed at boosting the economy, while keeping the country’s fiscal status sound. The expansion is l...

Impasse over lifetime extension of Wolseong unit 1 drags on

The future of Wolseong nuclear power plant unit 1, which has been preparing for a 10-year license renewal for the past few years, is unclear as civic groups and some politicians are speaking out against extending the operations of...

Seoul shares may gain slightly this week

South Korean stocks may gain with a steady flow of foreign funds, but advances are not likely to be large due to lingering geopolitical concerns this week, analysts said.The benchmark Korea Composite Stock Price Index ended at 2,0...