Industry

Industry

Creditors issue ultimatum to HDC on Asiana takeover
SEOUL, June 5 (Yonhap) -- Creditors of HDC Hyundai Development Co.'s planned takeover of Asiana Airlines Inc. issued an ultimatum to the company to notify them of its intent to follow through on th... 20:18 Jun. 05
Hyundai delays delivery of GV80 SUV following engine vibration issue
SEOUL, June 5 (Yonhap) -- Hyundai Motor Co., South Korea's No. 1 carmaker, said Friday that it will delay delivery of its diesel-powered GV80 sport utility vehicle (SUV) due to engine vibration iss... 18:58 Jun. 05
#Daewoo Shipbuilding
EU resumes review of Hyundai Heavy-Daewoo Shipbuilding merger, others may follow
By Nam Kwang-sik SEOUL, June 5 (Yonhap)-- The European Union (EU) has started its review of the proposed merger between two major South Korean shipbuilders, and other countries may speed up their ... 17:58 Jun. 05
#Samsung
Samsung denies heir's involvement in controversial merger of key affiliates
SEOUL, June 5 (Yonhap) -- Samsung Group on Friday rebutted allegations that its heir was involved in a controversial merger of two group units a few years ago, saying he played no role in any decis... 17:55 Jun. 05
#Doosan Heavy
Doosan Heavy's biz shake-up stirs controversy
By Nam Kwang-sik SEOUL, June 4 (Yonhap) -- Doosan Heavy Industries & Construction Co.'s push to reshape its business portfolio is stirring concerns over the feasibility of the overhaul plan whose ... 18:57 Jun. 04
#Xing Haiming
Chinese ambassador meets with SK Group chief
SEOUL, June 4 (Yonhap) -- Chinese Ambassador to South Korea Xing Haiming has met with SK Group Chairman Chey Tae-won and called for greater investment in his country, his embassy said Thursday. ... 17:56 Jun. 04
#Samsung Life
Samsung Life workers form 2nd labor union
SEOUL, June 4 (Yonhap) -- Employees at Samsung Life Insurance Co. can launch another labor union following approval from labor authorities, a union official said Thursday, a month after parent Sams... 17:06 Jun. 04
#Samsung
Samsung frets over another legal battle over heir's controversial succession scheme
SEOUL, June 4 (Yonhap) -- Samsung Group, South Korea's top conglomerate, remained anxious Thursday over the possibility of its heir's return to jail, as prosecutors here sought an arrest warrant fo... 16:58 Jun. 04
#Samsung
Samsung unveils measures backing heir's compliance pledge
SEOUL, June 4 (Yonhap) -- Samsung Group on Thursday unveiled a set of measures backing the group heir's compliance pledge made last month. Seven Samsung affiliates, including Samsung Electronic... 16:57 Jun. 04
#Samsung
Samsung foundation to fund 38.8 bln won for 28 research projects
SEOUL, June 4 (Yonhap) -- Samsung Electronics Co. said Thursday it will spend more than 38.8 billion won (US$31.8 million) for 28 research projects in the areas of basic science, materials engineer... 10:20 Jun. 04
#Samsung Group
Samsung Group heir seeks opportunity for public review of ongoing probe
SEOUL, June 3 (Yonhap) -- Samsung Group heir Lee Jae-yong, under investigation over a controversial merger between two Samsung units, is seeking an opportunity for a public assessment of a potentia... 18:35 Jun. 03
#business performance
Korean companies' revenue, profitability down in 2019
SEOUL, June 3 (Yonhap) -- South Korean businesses suffered a heavy setback in their profits last year due to a sharp decline in sales partly caused by a prolonged trade dispute between the United S... 12:00 Jun. 03
#SK Global Chemical
SK Global Chemical completes acquisition of Arkema's functional polyolefins business
SEOUL, June 3 (Yonhap) -- SK Global Chemical Co., a chemical affiliate of South Korea's energy giant SK Innovation Co., said Wednesday it has completed the acquisition of French chemical firm Arkem... 10:11 Jun. 03
Korean shipyards eye more LNG ship orders after Qatar megadeal
SEOUL, June 3 (Yonhap) -- South Korea's three major shipyards are on course to win more overseas orders for liquefied natural gas (LNG) carriers following a massive deal from Qatar, industry source... 09:59 Jun. 03
#conglomerates
Inter-affiliate trading plunges over 2 years on tough rules
SEOUL, June 3 (Yonhap) -- Transactions between affiliates of South Korea's family-controlled conglomerates have fallen more than 30 percent over the past two years on tough regulations, data showed... 08:33 Jun. 03
Amorepacific announces new principles for employees
SEOUL, June 2 (Yonhap) -- Amorepacific Group, a major South Korean cosmetics maker, announced Tuesday five new principles that all employees must follow going forward amid rapid changes taking plac... 22:13 Jun. 02
Doosan Heavy provides 200 bln won in emergency funds to India affiliate
SEOUL, June 2 (Yonhap) -- South Korea's Doosan Heavy Industry & Construction said Tuesday that has provided 200 billion won (US$164 million) in emergency funds to its Indian affiliate that has suff... 21:23 Jun. 02
Hyundai Steel halts production at Dangjin works
SEOUL, June 2 (Yonhap) -- Hyundai Steel, South Korea's No. 2 steelmaker, said Tuesday that its has halted production of its electric arc furnace plant on South Korea's western coast due to weak dem... 18:50 Jun. 02
#cinema
S. Korean cinema chains brace for rocky Q2 amid coronavirus scare
By Chung Joo-won SEOUL, June 2 (Yonhap) -- South Korea's movie industry is expected to extend its earnings slump to the second quarter of this year due to the new coronavirus pandemic, analysts sai... 16:11 Jun. 02
#S Korea-Japan trade row
(2nd LD) Seoul to resume WTO complaint over Tokyo's export curbs, door for talks still open
(ATTN: RECASTS headline, lead; ADDS details throughout, photo) By Kang Yoon-seung SEJONG, June 2 (Yonhap) -- South Korea on Tuesday said it will reopen a complaint at the World Trade Organization (... 15:13 Jun. 02