LS Cable & System (LS C&S) has recently announced its joint venture with PT Artha Metal Sinergi (AMS) from Indonesia, a member of Artha Graha Network (AGN).The joint venture agreement was signed on June 18, 2018 at the Embassy of Indonesia in Seoul, in which the main objective is to construct electr
South Korea's index of import prices rose for five straight months to touch a 42 month-high in May on rising crude oil prices, central bank data showed Tuesday.In local currency terms, the import price index gained 2.7 percent to 87.09 last month from a year earlier, according to preliminary dat
By Vice President Park Byung-uk of The Korea PostAs the largest power generation company in Korea, Korea Hydro and Nuclear Power Company (KHNP) recently announced the policy of exporting nuclear power plants by itself, independent from Korea Electric Power Corporation (KEPCO), its parent company.KHN
Shares for some 15 percent of listed companies hit all-time highs this year, boosted by healthy earnings and renewed foreign interest in South Korean assets, data showed Monday.Of 2,098 companies listed on the benchmark KOSPI and the secondary KOSDAQ markets, 313 firms, or 14.92 percent, saw their s
The historic summit between U.S. President Donald Trump and North Korean leader Kim Jong-un has raised hopes for a new economic blueprint for the Korean Peninsula, but Seoul is still cautious because sanctions will remain until denuclearization takes place, the head of a presidential committee said
Hyundai Merchant Marine Co., South Korea's leading shipping company, has signed letters of intent (LOIs) with the country's three major shipbuilders to build 20 container carriers by mid-2021.At its headquarters in Seoul, Hyundai Merchant signed an LOI with Hyundai Heavy Industries Co., Daew
Chinese commerce giant Alibaba Group said Monday it will lend full support to South Korean companies wanting to expand their presence in the world's second-largest market.South Korea was the fourth-largest exporter on Alibaba's cross-border e-commerce platform, Tmall Global, in 2017, followi
Innisfree Corp., a subsidiary of South Korean cosmetics giant AmorePacific Group, said Saturday it has opened its first outlet in Australia as local cosmetics firms move to diversify their sources of income after being hit hard by China over a missile defense system row last year.The launch of the n
South Korea's top economic policymaker on Friday asked companies to do more to create jobs and spearhead innovative growth in the latest appeal to the business community to join the government's efforts to push for a more balanced and sustainable economy.In a meeting with Shinsegae Vice Chai
CJ Logistics Corp. said Friday it has agreed to buy a U.S. logistics company for 231.4 billion won (US$216 million) in its latest drive to expand its presence in the North American market.The South Korean firm signed the deal to purchase a 90 percent stake in DSC Logistics, Inc. on Thursday.Founded
With an ambitious vision of growing into one of world’s top 5 mining equipment developers by 2025 through innovation and technology, Resource Plant Co., Ltd. (RP) (Chairman: Steve Jung), a young technology-oriented company based in Korea, is committed to developing sustainable eco-friendly mining eq
The Korea Electric Power Corp. (KEPCO) said Thursday that it has secured a $5.34 million service support contract from Myanmar's Ministry of Electricity and Energy.South Korea's state utility company said it will provide consulting to Myanmar as it builds an electricity distribution network
Philippine President Rodrigo Duterte on Tuesday visited the headquarters of E-Mart Inc., South Korea's largest discount hypermarket chain, the retailer said.The chief executive attended a Philippine food festival and looked around Philippine fruits and other products at the E-Mart store in Seoul
A Korean Air Lines Co. passenger jet has made an emergency landing at Haneda Airport in Tokyo, although no one was injured, a company official said Sunday.The Boeing 777-200 bound for Tokyo from South Korea's Gimpo Airport with 176 passengers and 13 crew members on board landed at Haneda Airport
The combined sales of South Korea's five carmakers rose 5.2 percent last month from a year earlier due to recovering demand in major markets, corporate data showed Friday.The five automakers -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co
South Korea's exports spiked 13.5 percent in May from a year earlier, rebounding from a brief dip in the previous month, government data showed Friday.Outbound shipments reached US$50.98 billion last month, compared with $44.92 billion a year ago, according to the data compiled by the Ministry o
E-Mart Inc., South Korea's leading discount store chain operator, said Monday it will participate in international trade shows to promote its private label food products as it moves to expand its overseas market presence.The company said it will take part in the two-day World of Private Label In
Sales of hybrid vehicles made by Hyundai Motor Co. and its affiliate Kia Motors Corp. in the United States rose 7 percent in the first four months of this year from a year earlier, industry data showed Sunday.The two South Korean carmakers sold a combined 15,930 hybrid models in the January-April pe
Hyundai Motor Group on Monday withdrew a key spinoff merger plan in a setback to its corporate restructuring amid stepped-up opposition campaigns by some investors.The decision comes as global hedge fund Elliott and proxy advisers such as Institutional Shareholder Services (ISS) continued to take is
South Korean companies listed on the country's main stock market saw their debt ratio edge up in the first quarter of this year from three months earlier, data showed Monday.The debt-to-equity ratio of 598 listed companies, which close their books in December, came to 111.38 percent at the end o