Hyundai Merchant Marine Co., a leading shipping firm here, said Friday that it plans to raise 694 billion won (US$615 million) by selling stocks.In a regulatory filing, the shipping firm said the proceeds from the stock offering will be used as working capital and to fund its facility expansion.The

South Korea will complete an energy road map that shifts its reliance from coal and nuclear power toward natural gas and renewable energy to put more focus on public safety and technology innovation, the government said Thursday."We will change the energy paradigm toward safe and clean future energ

Samsung Electronics Vice Chairman Lee Jae-yong faced the first session of his appeals trial on Thursday over the massive bribery case that triggered the ouster of former President Park Geun-hye early this year.Dressed in a dark suit and looking slimmer, the heir to South Korea's richest conglome

Ha Seong-yong, former CEO of the Korea Aerospace Industries Co. (KAI), was indicted Wednesday on charges that include accounting fraud, embezzlement and bribery in a major scandal surrounding the nation's sole aircraft maker.The Seoul Central District Prosecutors' Office also charged nine ot

The number of local subsidiaries established abroad by South Korea's 30 biggest business groups rose gradually in recent years, a report said Sunday, as they actively made inroads into overseas markets to survive the keen competition. The figure surged to 3,332 last year from 2,650 in 20

Excluding South Korea, Japan and Vietnam are the countries whose sovereign ratings are likely to be hit most by a potential military conflict on the Korean Peninsula, Moody's Investors Service said Saturday.A possible conflict over North Korea's nuclear programs would have a strong impact on

South Korea's top tech giants Samsung Electronics Co. and LG Electronics Inc. on Friday expressed disappointment in the U.S. International Trade Commission's (ITC) announcement that they are having an adverse impact on its washer industry.On Thursday (U.S. time), the ITC claimed the two Sout

The U.S. International Trade Commission (ITC) determined Thursday that two South Korean companies' washing machines manufactured in foreign countries were harming the U.S. industry.The trade body announced the result of its four-month investigation prompted by a safeguard petition Whirlpool Corp

South Korea's imports of beverages from Vietnam jumped three-fold in 2016 on-year, data showed Friday, apparently helped by the rising popularity of tropical fruits in the country.According to the data compiled by the Ministry of Agriculture, Food and Rural Affairs, South Korea imported US$10.3

South Korean officials have defended the country's makers of solar cells against a possible safeguard action by the United States during a public hearing, the foreign ministry said Thursday.A team of government officials from the foreign and trade ministries in charge of import regulations in ov

Female employees accounted for less than 28 percent of the workers at South Korea's state-funded firms and institutions, lagging behind the government's target of 30 percent, a report said Wednesday.Out of 327,675 people working at 351 public companies, 27.7 percent, or 90,761, were women la

Global credit appraisers said Tuesday the outlook for South Korea's No. 2 chipmaker SK hynix Inc. will not be affected by the latest deal to acquire stakes in Toshbia Corp.'s memory business.A global consortium comprising participants from South Korea, the United States and Japan clinched an

South Korean authorities are on high alert after the discovery of venomous fire ants in the southern port of Busan last week.Agricultural, environmental and maritime officials held an urgent meeting on Monday to discuss measures to prevent the highly invasive alien red ant species with a sting that

Renault S.A. has partnered with a South Korean association so it can work with startups with advanced mobile technology expertise for the development of next-generation vehicles, the carmaker's local unit said Monday. Before setting up an "open innovation office" in South Korea

GM Korea Co., the local unit of General Motors Co., said Monday its September sales retreated 10.7 percent from a year earlier due to contracted domestic demand.The carmaker sold 40,264 vehicles under the Chevrolet badge, down 10.7 percent from the same month last year, according to GM Korea.Monthly

Foreign investment banks expect South Korea's central bank to raise the key rate sometime in the first half of next year, a report showed Monday.According to the Korea Center for International Finance, foreign institutions, including JP Morgan, forecast that the Bank of Korea (BOK) will take a c

South Koreans received the most doctor consultations per capita among the members of the Organization for Economic Cooperation and Development (OECD) in 2015, data showed Sunday.South Koreans received doctor consultations 16 times annually on average, posting the highest figure among the 35 member s

Hyundai Motor workers have elected a militant labor activist as their new union leader, a move that could set the stage for tough negotiations with the company's management over wages and benefits this year.Ha Bu-young won the support of 46.5 percent of the 50,780-member union in a vote Friday i

South Korean digital advertising company Innored Ltd. said Saturday that it has won the 2017 Google video innovation award for the Asia-Pacific region.The agency said the Google Premier Partner Award recognizes and celebrates top-performing corporate partners for their contributions to digital marke

Samsung Electronics Co. said Thursday its QLED TVs won positive reviews from U.S. industry trackers as it pushes to promote the cutting edge technology.Samsung Electronics said U.S.-based DisplayMate and Forbes praised its QLED TVs for delivering satisfactory all-round performance.The QLED TVs make