Regulator set to take actions against shippers over alleged price fixing

SEOUL, South Korea’s antitrust regulator is reviewing punitive actions against the country’s leading shipper, HMM Co., and other local shipping lines over suspected price fixing, industry sources said Monday. The…

SK IE Technology set to debut on stock market this week

SEOUL, SK IE Technology Co. (SKIET), a battery materials subsidiary of refinery and battery firm SK Innovation Co., is slated to debut on South Korea’s main stock market Tuesday, with…

Doosan Infracore releases prototype of battery packs for construction equipment

SEOUL, Construction equipment maker Doosan Infracore said Monday that it has rolled out a prototype of battery packs for construction equipment and agriculture machinery. The battery packs comprised of battery…

S. Korean economy on modest recovery path despite spiking virus cases: KDI

SEOUL, The South Korean economy is on a modest recovery track despite spiking coronavirus cases as the manufacturing sector has continued to improve on robust exports, a state-run think tank…

Bond issuance jumps in April

SEOUL, Bond issuance in South Korea rose sharply in April from the previous month due mainly to a surge in corporate debt sales, data showed Monday. The value of bonds…

GS Holdings shifts to black in Q1

SEOUL, GS Holdings on Monday reported its first-quarter net profit of 584.6 billion won (US$524.8 million), swinging from a loss of 295.2 billion won a year earlier. Operating profit for…

Brighter growth outlook for S. Korean economy expected this year

SEOUL, The South Korean economy is forecast to grow at a faster pace than earlier expected this year on the back of robust exports and improving domestic demand following slumps…

KCC shifts to profits in Q1

SEOUL, KCC Corp. on Monday reported its first-quarter net profit of 30.4 billion won (US$27.3 million), turning from a loss of 270.2 billion won a year earlier. The company said…

Lotte Shopping remains in red in Q1

SEOUL, Lotte Shopping Co. on Monday reported its first-quarter net loss of 40.6 billion won (US$36.5 million), remaining in the red compared with a year ago. The company said in…

Finance minister cites inflation, home prices as growing downside risks

SEOUL, South Korea’s top economic policymaker said Monday that the movement of housing prices and inflation should be closely monitored as they pose challenges to the improving economy. Finance Minister…