Daewoo shipyard sells assets
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 Korea’s Overseas Investment Increases 12% in the First Half
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 [...]
POSCO and KB Financial sign MOU
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 [...]
Foreigners continue net buying of South Korean stocks
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. [...]
South Korea expands tax benefits for foreign firms
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 [...]
Korea Eximbank takes hit for DSME loss
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. [...]