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SK Group seeks to launch new mobile payment service

South Korea’s third-largest conglomerate SK Group is seeking to launch a new mobile payment service by integrating various platforms scattered across its subsidiaries into one, amid growing competiti...

Feb 11, 2019
Industry
Mercedes-Benz ranks 4th in local sales, outselling GM, Renault Samsung

German luxury carmaker Mercedes-Benz placed fourth on the list of carmakers’ sales here in January, outselling some with manufacturing bases here. According to industry data, the importer and the di...

Feb 11, 2019
Automode
IBK jubilant over ‘Extreme Job’ success

Industrial Bank of Korea now has a record-breaking film on its movie investment list, with “Extreme Job” having drawn over 12 million moviegoers as of Sunday. IBK invested some 800 million won ($711...

Feb 11, 2019
Industry
Lotte Capital to start preliminary bidding process Tuesday

The preliminary bidding for Lotte Capital, the loan services unit of Korean-Japanese conglomerate Lotte Group, takes place Tuesday, with the country’s major banking groups and private equity funds ex...

Feb 11, 2019
Finance
Samsung Bioepis accelerates push to expand market share in China

C-Bridge Capital to facilitate clinical trials of the Korean firm’s biosimilars

Feb 11, 2019
Industry
S. Korea’s ramen exports top $400m

Exports of South Korean instant noodles ramen (called ramyeon here) topped $400 million last year for the first time, making a twofold growth in six years, data from Korea Trade Statistics Promotion ...

Feb 11, 2019
Industry
Supreme Court orders reconsideration of FTC's $243m penalty ruling on Qualcomm

South Korea's Supreme Court has found that a 2009 penalty decision by the state antitrust watchdog against US Qualcomm Inc. was not completely lawful, sending the case back to a lower court for recon...

Feb 11, 2019
Industry
IMF, World Bank to visit S. Korea for financial system assessment

Officials from the International Monetary Fund and the World Bank will visit South Korea this week for a regular assessment of the nation's financial system, officials said Monday. The IMF and World...

Feb 11, 2019
Finance
Hyundai Heavy labor union demands 'no layoffs' in Daewoo Shipbuilding takeover

The labor union at Hyundai Heavy Industries Co., the world's largest shipyard by sales, demanded Monday that the company provide job guarantees to its employees if it wants to proceed with its push t...

Feb 11, 2019
Industry
Korean sales-to-inventory ratio rising: data

Inventory of South Korean manufacturers has increased to its highest point in 10 years, data showed Monday, a likely sign of a dulled economy. Figures obtained from the Korea Center for Internationa...

Feb 11, 2019
Economy
Valentine's Day gifts switching from DIY to imports

Valentine's Day chocolate givers are switching back to buying packaged sweets instead of making their own, according to sales records from a leading online mall on Monday. Auction, an open market in...

Feb 11, 2019
Industry
US preliminarily determines 59.09% dumping margin for S. Korea’s NEXTEEL

The US Commerce Department has preliminarily found that South Korean steelmaker NEXTEEL Co. and SeAH Steel Corp. had weighted average dumping margins of 59.09 percent and 26.47 percent, respectively....

Feb 10, 2019
Industry
[News Focus] 9 provinces invigorated by brisk agricultural exports

SEJONG -- South Korea’s nine provinces are competing to step up outbound shipments of agricultural products amid growing demand from a variety of overseas buyers, including Southeast Asian countries....

Feb 10, 2019
Economy
Banks turn to employees to break the mold

Leading banks seek to nurture in-house ventures, amid slowing business and intense rivalry from fintech players

Feb 10, 2019
Finance
LG Uplus seeks to acquire Korea’s biggest cable TV operator

Will government allow telecom takeover amid intensified race with global players?

Feb 10, 2019
Industry

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