Naver drops out of bid to buy stake in eBay Korea
SEOUL– Naver Corp., South Korea’s top internet portal operator, said Tuesday it has decided not to join in the acquisition of eBay Korea, leaving retail giant Shinsegae Group as the…
SEOUL– Naver Corp., South Korea’s top internet portal operator, said Tuesday it has decided not to join in the acquisition of eBay Korea, leaving retail giant Shinsegae Group as the…
SEOUL– South Korea’s finance ministry said Tuesday it has clinched a US$600 million deal with Africa’s development bank to expand its investment in energy and infrastructure projects in the continent…
SEOUL– South Korean stocks rebounded Tuesday as investors speculate that the Fed’s tapering timeline may be slower than expected. The Korean won rose against the U.S. dollar. The benchmark Korea…
SEOUL– Samsung Heavy Industries Co. said Tuesday that its shareholders approved a proposal to reduce its capital base in an effort to improve its financial status. With the approval for…
SEOUL– Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday that it has signed 1.1 trillion won (US$1 billion) of deals to build 10 ships. Under the 438 billion won…
SEOUL– SK Bioscience Co., a major South Korean pharmaceutical firm, said Monday it plans to invest 150 billion won (US$132 million) through 2024 to expand its production capacity of COVID-19…