SEOUL– Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that its third-quarter net loss widened from a year earlier due to decreased sales.Net loss came to 54.5 billion won (US$46.2 million) in th…
SEOUL– The South Korean stock market closed just shy of the 3,000-point mark Monday after a bullish session, led by strong foreign and institutional buying. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (K…
SEOUL– Jeju Air Co., South Korea’s biggest budget carrier, said Monday its third quarter net losses widened from a year earlier on high oil prices and a weak won amid stricter virus curbs.Net losses deepened to 83.03 billion won (US$70 million) in the…
SEOUL– Thanks to enviable depth in his rotation, KT Wiz manager Lee Kang-chul had the luxury of turning one of his five starters into a key relief option for the Korean Series.Ko Young-pyo, a right-handed sidearmer who enjoyed a career year as a start…
SEOUL– The number of small shareholders in global tech giant Samsung Electronics Co. surpassed 5 million amid massive stock investment by local retail investors, data showed Monday.Some 5.18 million investors held shares in the top-cap company as of t…
SEOUL– Korea Aerospace Industries Co. (KAI), the country’s sole aircraft manufacturer, said Monday it has received a US$101 million airplane parts order from Boeing.Under the deal, KAI will supply tailwing part “terminal fitting” for Boeing’s B787 pas…
SEOUL– Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it swung to a net loss in the third quarter from a year earlier on foreign-exchange losses and one-off costs.Asiana logged a net loss of 386.19 billion won (US$327 million)…
Silk Way West Airlines, the largest airline in the Caspian region, signed a strategic agreement with Rolls-Royce at the Dubai Airshow 2021.The agreement will provide replacement engines for five of Silk Way West Airlines’ RB211-524 powered Boeing 747-4…