News
Green buildings are healthier, cost-saving, experts stress
Global experts talked about the need to change public misperception of green buildings, claiming it is cost-saving, healthier and eco-friendly at a conference in Seoul which kicked off Thursday for a three-day run. The conference, being attended by around 150 ... Read More
E-commerce losses raise anxiety over profit structure
The nation’s three leading mobile-focused retail giants logged combined losses of 831.3 billion won ($724.3 million) last year -- greater than the market had expected -- sparking concerns over their elusive profit structures. Coupang, the largest of the three, said ... Read More
Accumulated Sales of Hyundai, Kia Top 100 Million
The accumulated sales of Hyundai Motor and its affiliate Kia Motors have surpassed 100 million. The Hyundai Motor Group said Saturday that the accumulated sales of the two automakers topped 100 million as of Friday. The feat was achieved 54 ... Read More
S. Korea, China Hold Joint FTA Briefing
Officials from South Korea and China have held a joint briefing for businessmen from both countries regarding the Seoul-Beijing free trade agreement(FTA) that took effect last December. The first briefing of its kind was held at a hotel in Beijing on ... Read More
Seoul, Tokyo, Beijing Join Hands Against Smuggling of Drugs, Gold Bars
South Korea, China and Japan have agreed to work together to prevent smuggling of drugs and illicit gold bars. The Korea Customs Service(KCS) announced on Friday that it held two-day talks in Tokyo with their counterparts from the two neighbors. In a ... Read More
MBK pushes for sale and leaseback of Homeplus
MBK Partners, a Seoul-based private equity fund, is pushing to sell some Homeplus stores and lease them back to help repay its debts that are nearing maturity, industry sources said Thursday. In October last year, MBK bought Homeplus, the Korean ... Read More
GS Holdings posts top per-capita income in 2015
GS Holdings Corp. posted the largest per-capita operating income among the country‘s large businesses on a second straight year in 2015, data showed Thursday. The operating income per employee at the GS Group holding company averaged 5.56 billion won ($4.82 ... Read More