Korean Air, Delta agree tie-up for Pacific routes

Korean Air and Delta Air Lines on Saturday finalized an agreement to set up a joint venture for Pacific routes, according to Korean Air.The joint venture will not take the form of a separate corporation, but the two carriers will ...

FTC chief calls for fair chaebol governance

Kim Sang-jo, the new head of South Korea’s antirust watchdog Fair Trade Commission, met CEOs from the nation‘s four largest conglomerates on Friday and urged them to voluntarily change their decision making process to be more tr...

[News Focus] Moon’s nuclear-free policy lauded but face technical hurdles

The nuclear-free policies laid out by President Moon Jae-in as he attended the shutdown of the country’s oldest nuclear reactor on Monday have been hailed by most citizens so far, but they are also expected to bring a major chang...

Samsung BioLogics ups appeal at US biotech convention with high tech

SAN DIEGO, California -- Virtual reality headsets, a digitized traditional painting and miniature building replicas -- these are not things you would normally expect to see at a biotechnology and pharma industry event. Yet, they ...

Toshiba deal 'not finished': SK head

SK Group Chairman Chey Tae-won said Friday its semiconductor arm's move to join the acquisition of Toshiba Corp.'s chip business is "not finished," hinting there are still challenges moving forward.The remark came as a global cons...

SK chief‘s daughter starts work at SK‘s biopharma unit

The elder daughter of SK Chairman Chey Tae-won has begun working as a manager at the group’s biopharmaceutical affiliate, according to SK Group.Twenty-eight-year-old Chey Yun-jeong joined SK Biopharmaceuticals’ strategy division...

Bain & Company appoints two new partners

Bain & Company, a global management consulting firm, announced on Thursday that it has appointed Kang Ji-chul, 42, and Yoon Sung-won, 38, as the newest partners to its Seoul office.  Kang is a graduate of Yonsei University’s Dep...

Korea’s top 52 business leaders to join Moon in US summit

CEOs and business leaders from some of the country’s top conglomerates are heading to the United States alongside President Moon Jae-in for a two-day Korea-US Business Summit with President Donald Trump next week, the Korea Chamb...

Korea Line inks 1.27 tln-won shipping deal

Korea Line Corp., South Korea's No.2 bulk carrier, said Friday that it has clinched a 1.27 trillion-won ($1.15 billion) deal to transport liquefied natural gas.Under the deal with Korea Gas Corp., Korea Line will transport LNG thr...

Korean Air, local airlines surge on falling oil prices, firm demand

Stocks of South Korean airlines, led by Korean Air Lines Co., are set to further rise down the road following their recent surge on the back of falling oil prices, solid demand and a strong won, analysts said Friday.Korean Air Lin...

Lotte founder likely to lose board seat at key unit this week

The founder of South Korea retail giant Lotte Group is expected to lose his seat in the boardroom of a crucial affiliate in the group's governance structure, industry sources said Friday.Lotte Holdings Co., the holding firm for th...

Samsung launches high-end QLED TVs in Brazil

Samsung Electronics Co. said Friday it has showcased its premium QLED TVs in Brazil in line with its ongoing efforts to tap deeper into the Latin American market.The South Korean tech giant first introduced the QLED TV in Mexico e...

Ice sales rise in recent years due to ever-rising summer temps

South Korea's ice market has risen dramatically in recent years, industry sources said Friday, amid ever-rising temperatures during the summer months.The market size will likely surge to 40 billion won ($35 million) this year, up ...

LG Uplus to provide home IoT solutions to families of fallen soldiers

LG Uplus Corp. said Friday it plans to provide home Internet of Things solutions for families of soldiers that died in an inter-Korean naval clash in 2002.South Korea's No. 3 mobile carrier said the move is designed to pay respect...

Conversions of bonds into equities soar on bull market

South Korean investors' conversion of equity-linked bonds into shares have surged in recent months amid the bull run of the stock market, data showed Friday.Investors converted 187 billion won (US$164 million) worth of convertible...