STX issues new shares worth W80b to expand global business

South Korean trading company STX said Friday it had decided to initiate a paid-in capital increase of 80 billion won ($58 million), in a bid to finance funds for expanding its global secondary

STX Green Logis unveils vision for ‘Korean DHL’

STX Green Logis, the South Korean shipping and logistics company that made its stock debut on Friday, renewed its vision on Monday to become the Korean version of German logistics giant DHL. In

STX to spin off shipping unit

South Korean trading company STX announced Wednesday that the company's board has approved a spinoff of its new shipping and logistics firm, which is tentatively named STX Green Logis, ahead of its

HD Korea Shipbuilding to acquire STX Heavy Industries

HD Korea Shipbuilding & Offshore Engineering, the shipbuilding unit under HD Hyundai, said Tuesday it will acquire STX Heavy Industries, a Korea-based marine diesel engine manufacturer in a 81.3

STX, NICE D&B join hands to provide corporate information on Trollygo

South Korean trading company STX announced Thursday that it has inked a memorandum of understanding with the nation's largest commercial credit bureau NICE D&B to provide corporate information

STX to launch online B2B trading platform

companies to revamp existing B2C platforms into global B2B, or business-to-business, platforms. As the B2B trading sector subsequently undergoes a shift to digital platforms, general trading company STX's

STX wins $36m patrol ship order from Peru

South Korean general trading firm STX said Wednesday it has won an order to produce two 500-ton maritime patrol ships worth a combined $36 million for the Peruvian government. Having already supplied

JB Financial names new CFO

served as the president of STX Engine as well as the head of the business management strategy at Mugunghwa Trust. “To help our group thrive in the current struggling economy, this year I will prioritize

Seoul shares end lower on growing recession fears

54,400 won. Among gainers, STX Heavy Industries spiked 21.18 percent to 6,980 won on news that Korea Shipbuilding and Offshore Engineering joined the bid to acquire 47.81 percent of the ship engine maker

STX donates W130m to Itaewon foreign victims' families

Korean general trading firm STX said Thursday it has donated 130 million won ($95,000) to the families of foreign victims of the Itaewon Halloween tragedy, as it seeks to offer comfort for their