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Antitrust watchdog dwells on SK Telecom’s takeover deal

Korea's antitrust watchdog has been deliberating top mobile carrier SK Telecom's takeover of the country's No. 1 cable TV operator for more than four months, fueling speculation it may grant conditional approval to the controversial deal, watchers said Wednesday. In ... Read More

Korean Air Provides Relief Goods to Victims of Earthquakes in Japan

Korean Air will provide emergency relief goods to those affected by recent earthquakes in Japan's Kumamoto Prefecture. South Korea's largest airline said Wednesday that its A330 airliner carrying 24-thousand bottles of water left on Flight KE787 headed to Fukuoka in ... Read More

8.7% of Top 500 S. Korean Firms Indebted Zombies

At least eight-point-seven percent of Korea’s top 500 firms have been found to be making less than their interest payment amounts for over three years. After analyzing yearly balance sheets and business reports of 380 of the top 500 firms, ... Read More

Iranian Envoy to Seoul Vows Support for S. Korean Firms

The Association of High Potential Enterprises of Korea(AHPEK) has invited Tehran's ambassador to Seoul Hassan Taherian to a forum to discuss business strategies with Iran. At the gathering, Ambassador Taherian told the association of over 500 South Korean firms that ... Read More

Hankook Tire fined in China for resale price-related violation

Hankook Tire, Korea's largest tiremaker, has been fined in China for breaching anti-monopoly regulations there, industry sources said Tuesday. According to the sources, Hankook Tire's affiliate in Shanghai was slapped with a fine of 2.17 million yuan ($334,000), which is ... Read More

[Market Now] Hyundai Heavy seen in back in profit in Q1

Hyundai Heavy Industries is likely to report a return to profit in the first quarter of this year, as earnings from oil refinery business offset losses in offshore and plant construction segments, stock analysts said Tuesday. In a report Tuesday, ... Read More

Weak Exports Decrease Nation’s Dependence on Trade

South Korea’s dependence on trade significantly decreased last year due to a slowdown in exports. According to the Bank of Korea on Sunday, the ratio of the country’s foreign trade to gross national income (GNI) reached 88-point-one percent last year, ... Read More

S. Korea Explores Water Management Business in Jordan

South Korean experts are exploring business opportunities in Jordan to provide technologies that may help the Middle Eastern country’s chronic water shortage. The Amman office of the Korea Trade-Investment Promotion Agency(KOTRA) said Sunday that it is conducting field research in ... Read More