SEOUL– SK Group, South Korea’s No. 3 conglomerate, said Monday it signed a deal with the Vietnamese government to boost cooperation in eco-friendly businesses, such as areas related to carbon emission cuts, hydrogen and digital technologies.SK Group C…
SEOUL– Hyundai Heavy Industries Group, South Korea’s 15th largest conglomerate by assets, said Monday its refining affiliate Hyundai Oilbank Co. filed for an initial public offering (IPO) with local bourse operator Korea Exchange.Hyundai Oilbank aims …
SEOUL– South Korean stocks retreated for a second straight session Monday as investors took to the sidelines ahead of the U.S. Federal Reserve’s policy meeting later this week. The Korean won rose against the U.S. dollar.The benchmark Korea Composite …
SEOUL– South Korea said Monday it will expand financial support measures for local builders as their overseas orders are expected to fall short of last year’s records amid the protracted pandemic.Korean construction firms clinched combined overseas or…
SEOUL– After putting together a solid and at times spectacular performance over two pressure-packed weeks, South Korean golfer An Narin has realized her dream of making it to the LPGA Tour.She has done it the hard way. She could have taken a much shor…
SEOUL– Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it has secured a technology to prevent cracks in the welded parts of submarines.DSME has developed the technology after two years of research and development since 201…
SEOUL– The number of mid-sized firms in South Korea went up in 2020 from a year earlier, but their sales dipped due to the coronavirus pandemic, government data showed Monday.Asia’s fourth-largest economy had 5,526 mid-sized companies as of the end of…
SEOUL– South Korea needs to “steadily adjust” high levels of leverage maintained to prop up the pandemic-hit economy as excessive indebtedness could result in financial instability and reduce future policy room, a central bank report showed Monday.Ris…