[DECODED] Chey leads SK’s global search for growth

The chief executives of key SK companies have lately been busy doing homework. In front of SK Group Chairman Chey Tae-won and fellow CEOs, they have to make a presentation next month on ways to fundamentally challenge the way they...

Samsung, LG likely to see contracted earnings in Q3

South Korean tech giants Samsung Electronics and LG are likely to see contracted earnings in the third quarter due to sluggish smartphone sales, market analysts said Monday. Local financial data provider FnGuide recently set the m...

Mirae Asset Daewoo releases fund for US real estate investment

Mirae Asset Daewoo has put on sale a public fund, the first of its kind in Korea, to invest in four prime office buildings in Dallas, Texas, the firm said Monday. The fund, worth a total of 300 billion won ($268 million), cannot b...

Prosecutors request arrest warrant for Lotte chairman

South Korean prosecutors requested a warrant to arrest Lotte Group Chairman Shin Dong-bin on Monday as the criminal investigation into alleged corruption at Korea’s fifth-largest conglomerate nears its climax.The Seoul Central Di...

Hyundai Motor hit by first labor strike in 12 years

Hyundai Motor, the nation’s largest carmaker, is expected to suffer from a substantial delay in production, as unionized workers have staged a full-pledged protest Monday for the first time in 12 years.In attempt to pressurize Hy...

[DECODED] Who is Chey Tae-won?

If the life story of SK Group Chairman Chey Tae-won is ever to be made into a film or TV drama, it would be a mash-up of genres -- romance, corporate and even a courtroom drama. A 20-something Chey has a campus romance with the p...

KT acquires online ad agency N Search Marketing

KT Corp., South Korea's largest broadband Internet operator, said Monday it has acquired the nation's top online advertising agency N Search Marketing Corp.The acquisition paves the way for KT to make inroads into the growing mark...

[Kosdaq Star] InBody to benefit from aging, fare well globally

“Let’s InBody!” Names of some companies or products become verbs, if they become popular. InBody has become a new verb in the beauty and health care community, especially among young women who want to be in shape.  InBody 770 ...

Angolan oil firm’s takeover delay deepens DSME’s liquidity woes

Concerns were growing again Monday over liquidity woes of Daewoo Shipbuilding and Marine Engineering, as the Angolan state-run company is likely to delay the takeover of its drill ships once again. The shipbuilder was planning to ...

HHI delivers improved LNG vessel to Norwegian company

Hyundai Heavy Industries handed over a liquefied natural gas carrier equipped with a gas treatment system designed by the company to Norwegian firm Knutsen, the company said Monday. Hyundai’s gas treatment system allows the vesse...

LG Uplus partners with Ssangyong, Tech Mahindra for connected cars

South Korean telecom company LG Uplus on Monday said that it has partnered with Ssangyong Motor and Tech Mahindra, the internet technology unit of Indian automaker Mahindra & Mahindra, for the development of new connected car tech...

Nomination of new KRX CEO stirs ‘parachute appointment’ controversy

The trade union of Korea Exchange, the operator of the country’s stock trading boards, is protesting the government’s nomination of a former senior official as the next CEO of their company, criticizing the outdated “revolving ...

Import volume index sharply rises in August: BOK

South Korea's imports increased sharply in August in both quantity and value, led by the machinery and chemical sectors, the central bank data showed Monday.The import volume index jumped 7.5 percent to 124.58 in the month from a ...

Corporate social contributions rose 6.8% in 2015: FKI

More than 250 South Korean companies spent nearly 3 trillion won ($2.7 billion) last year to support underprivileged people despite an economic slump, a business lobby said Monday.A total of 255 companies provided 2.92 trillion wo...

Bank holding firms' net plummets 16% on bad loans

South Korea's seven bank holding companies saw their net profits plunge more than 16 percent on-year in the first half of 2016 on increased expenses from bad loans, government data showed Monday.They reaped a total of 3.44 trillio...