Doosan Engine Co., the world’s second-largest maker of ship engines, said orders may more than double this year as shipping lines resume fleet-enlargement plans and the company works to expand its non-marine businesses. Contracts may climb to 1.8 trillion won ($1.6 billion) from 890 billion won last year, chief executive Lee Sung-hee said in an interview at the engine maker’s headquarters in Cha...

The Korean corporate sector, despite its rapid industrial success and latest attempts to become a trusted member of the global corporate society, has yet to gain the full trust of global opinion leaders, an executive of PR firm Edelman said. In its annual survey for measuring trust in business, government, NGOs and media in over 20 nations, the company said that opinion leaders across the world ...

State-run mineral developer looks to Africa, South America to ensure stable supply of resources Korea Resources Corp. is at the forefront of Korea’s drive to secure stable supplies of natural resources including rare earths crucial to its high-tech economy. Global competition is growing to secure sources of 17 scarce metals used to make cutting-edge products such as mobile phones, electric cars...

Daewoo Shipbuilding & Marine Engineering Co., South Korea's No. 2 shipbuilder, said Wednesday that it has won a 1.2 trillion won ($1.06 billion) order to build two drill ships. Under the deal with Aker Drilling of Norway, Daewoo Shipbuilding will deliver the vessels, used to explore for oil and gas wells in deep waters, by 2013, the company said in a statement. Daewoo Shipbuilding said it has a...

Shinhan Financial Group has granted stock options to its former chairman Ra Eung-chan, who resigned in October over alleged irregularities. Board members of the nation’s third-largest financial group recently endorsed a proposition that Ra be entitled to stock option rights, industry sources said on Tuesday. The stock options amounted to more than 300,000 shares. Considering the group’s stock p...

Carmaker offers new customer service package for Chevrolet brand GM Korea Co. sweetened the official launch of its new brand on Tuesday with the introduction of a new customer service package. Korea’s third-largest carmaker, formerly named GM Daewoo Auto and Technology Co., debuted its new company name and the Chevrolet brand to the local market. In late January, it announced that the Daewoo n...

SK Telecom is cranking up its support of software developers, seeking to broaden its pool of mobile applications. Korea’s top mobile carrier said Tuesday it has picked four venture firms to receive its financial and operational support in its “innovation ecosystem” to generate programs for its mobile platform. The conglomerate has also worked since last year to help small and medium-sized enter...