SKC to sell PET film biz to private equity fund for 1.6 tln wonb
SEOUL-- SKC Co. said Wednesday it is selling its polyester (PET) film business to a private equity fund for 1.6 trillion won (US$1.27 billion) as it seeks to bolster its…
June 8, 2022
Seoul stocks close nearly flat on recession woes
SEOUL-- South Korean stocks finished nearly unchanged Wednesday, weighed by concerns about inflation and an economic recession. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price…
Song Kang-ho says big-name filmmakers want him because he’s not handsome
SEOUL-- Veteran actor Song Kang-ho said Wednesday he was able to participate in many award-winning projects by renowned filmmakers, like Bong Joon-ho and Hirokazu Kore-eda, because he is not handsome.With…
Igis Residence Reit to raise 45 bln won via stock offering
SEOUL-- Igis Residence Reit Co.on Wednesday announced that it will sell stocks to raise 45 billion won (US$35.9 million). The proceeds from the stock sale will be used mainly to…
S. Korea, U.S., Japan agree to bolster security ties against N. Korea
SEOUL-- South Korea, the United States and Japan agreed Wednesday to bolster their united front against North Korea's threats, as their senior government officials gathered here amid reports that the…
OECD sharply ups 2022 inflation outlook for S. Korea to 4.8 pct
SEOUL-- The Organization for Economic Cooperation and Development (OECD) on Wednesday sharply raised its 2022 inflation outlook for South Korea to a 24-year high of 4.8 percent, citing soaring energy…