SEOUL– South Korean shipbuilder Samsung Heavy Industries Co. said Monday that it has been in talks with contractors to build liquefied natural gas (LNG) carriers to transport the LNG to be produced in northern Siberia of Russia.But “nothing has yet to…
SEOUL– South Korean Defense Minister Suh Wook met with his Australian counterpart, Peter Craig Dutton, on Monday in Seoul and agreed to further strengthen cooperation in the security and defense industry fields, the defense ministry in Seoul said.The …
SEOUL– The COVID-19 pandemic slashed South Korea’s 2021-22 potential growth rate by 0.2 percentage point to 2 percent, the Bank of Korea (BOK) said Monday.South Korea’s potential growth rate, which refers to the maximum possible rate an economy can gr…
SEOUL– South Korea’s oceans ministry said Monday it has inked an initial agreement with CJ CheilJedang Corp., a local food manufacturer, to carry out joint researches on marine resources that can potentially be used to produce foodstuffs, cosmetics an…
SEOUL– South Korean stocks edged up after choppy trading Monday as investors remained cautious after a fall on Wall Street last week amid concerns about rising inflation. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock …
SEOUL– Finance Minister Hong Nam-ki on Monday raised the need to strengthen the monitoring of the property market as the latest rate hike and the talks of U.S. tapering could increase market volatility.The minister also called for ways to encourage th…
SEOUL– Shares in South Korean video game giant NCSOFT continued to sink Monday on disappointment over its new title “Blade & Soul 2.”NCSOFT’s shares closed at 591,000 won (US$505), down 29.39 percent from Aug. 25, a day before the …
SEOUL– Jaanh Cosmetics Inc.on Monday announced that it will sell stocks to raise 10 billion won (US$8.5 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the company will …