South Korea’s top tech giant Samsung Electronics Co. will open another batch of royalty-free technologies in line with the government’s efforts to promote shared growth among conglomerates and small and medium-sized firms, the industry ministry said Tu…
Major South Korean financial holding firm Shinhan Financial Group Co. said Tuesday its net profit jumped more than 43 percent in the second quarter of the year with first-half earnings hitting an all-time high.Net income came to 1.25 trillion won (US$1…
E-Mart Inc. said Friday it will acquire an additional 17.5 percent stake in Starbucks Coffee Korea for 474.2 billion won (US$412 million) to become the coffee chain’s largest shareholder.The stake purchase would raise South Korea’s top discount chain o…
South Korea’s trade ministry said Tuesday it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers, as the country seeks to diversify its trade portfolio and expand its presence in Southeast Asia.Offi…
Shinhan Financial Group Co. on Tuesday reported its second-quarter net profit of 1.27 trillion won (US$1.1 billion), up 43.2 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June period rose 34.9 …
Major South Korean credit card issuer Samsung Card Co. said Tuesday its net profit spiked more than 30 percent in the second quarter of the year on a recovery in consumer confidence.Net profit stood at 143.8 billion won (US$125 million) in the April-Ju…
South Korea’s antitrust regulator said Tuesday it has approved a deal by an affiliate of Hyundai Heavy Industries Holdings Co. (HHIH) to buy Doosan Infracore Co., the country’s largest construction equipment maker.In February, HHIH inked a deal to acq…
Korea Zinc Inc on Tuesday reported its second-quarter net income of 194.7 billion won (US$169.2 million), up 75.4 percent from a year earlier.Operating income for the April-June period was 273.1 billion won, up 66.5 percent from a year ago, the company…