SEOUL– South Korea’s Lotte Group decided Friday to buy U.S. drug firm Bristol Myers Squibb (BMS)’s pharmaceutical factory in Syracuse, New York, for $160 million.Lotte’s board of directors approved the deal, which also includes BMS’s contract manufact…
SEOUL– The war between Russia and Ukraine, and extended global supply disruptions are feared to sap South Korea’s corporate investment and exports, and add upward pressure on inflation, the finance ministry said Friday.The South Korean economy faces h…
SEOUL– Seoul shares extended gains late Friday morning, as technology stocks advanced amid concerns over further US monetary tightening and a global economic slowdown.The Korea Composite Stock Price Index (KOSPI) had risen 42.13 points, or 1.65 percen…
SEOUL– New South Korean Industry Minister Lee Chang-yang vowed Friday to overhaul the country’s energy policy by utilizing nuclear power as part of efforts to ensure energy security and achieve zero-emission goals.The move represents a reversal of the…