Medicox to raise 4 bln won via stock sale

SEOUL-- Medicox Co.on Friday announced that it will sell stocks to raise 4 billion won (US$3.1 million). The proceeds from the stock offering will be used primarily to finance its…

Yoon appoints unification, culture, land ministers

SEOUL-- President Yoon Suk-yeol on Friday appointed three more ministers, including the North Korea policy chief, with his Cabinet formation delayed by the main opposition party's refusal to endorse certain…

Lotte to buy BMS biomedicine plant for $160 mln

SEOUL-- South Korea's Lotte Group decided Friday to buy U.S. drug firm Bristol Myers Squibb (BMS)'s pharmaceutical factory in Syracuse, New York, for $160 million.Lotte's board of directors approved the…