Daewoo Shipbuilding & Marine Engineering (DSME) said Tuesday it will sell off non-core affiliates and assets to stay afloat after its huge net losses in the first half of this year. In a [...]
South Koreans’ direct investment in overseas assets increased over 12 percent on-year in the first half of this year. According to data released by the Finance Ministry, South Korean [...]
FINANCIAL COOPERATION — Posco chairman Kwon Oh-joon and KB Financial Group CEO Yoon Jong-kyoo signed a memorandum of understanding Tuesday for comprehensive cooperation on financial [...]
Foreign investors remained net buyers of South Korean stocks in the first seven months of this year on the back of a modest rise in the country’s benchmark index, data showed Monday. [...]
Tax code revision also promotes outbound investments South Korea’s tax authority has decided to expand tax incentives for foreign companies, which would increase the workforce in the nation next [...]
As a major lender to the nation’s shipbuilding industry, Export-Import Bank of Korea has been hugely affected by the huge operating loss recorded by Daewoo Shipbuilding and Marine Engineering. [...]