Odisha govt asks Posco to pay land premium soon

Last Updated: Saturday, April 25, 2015, 20:54

The Odisha government on Saturday asked South Korean steel major Posco to make outstanding payment of about Rs 50 crore towards land premium and Rs 18 crore towards net present value for forest land diversion.

Samsung Electronics to freeze salaries in Korea for first time since 2009

Last Updated: Thursday, February 26, 2015, 16:29

The last time Samsung Electronics froze salaries was 2009 when the company reeled from the global financial crisis. Since then, it has increased salaries.

Fresh blow to Posco as the firm needs to bid for ore mine

Last Updated: Thursday, February 5, 2015, 21:49

In a fresh blow to Posco, the South Korean steel major will be required to participate in auction to get iron ore mine to feed its USD 12 billion facility in Odisha instead of direct allotment as assured earlier.

LG offices raided over suspected washing machine vandalism

Last Updated: Friday, December 26, 2014, 13:18

South Korean prosecutors raided the Seoul headquarters of LG Electronics on Friday following allegations that the firm`s executives vandalised their rival Samsung`s washing machines at a trade fair in Germany, company officials said.

Derivatives exchanges prove resistant to regulatory change

Last Updated: Tuesday, December 23, 2014, 12:38

In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won ($42 million) in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital — Hanmag went bust.

S Korea launches new trade dispute with US: WTO

Last Updated: Monday, December 22, 2014, 20:14

South Korea on Monday took the United States to task before the World Trade Organization over Washington`s decision to slap anti-dumping tariffs on South Korean imports of steel pipes used by the oil industry.

Centre examining ore lease proposal to Posco for Rs 52K cr project

Last Updated: Sunday, December 7, 2014, 11:14

"The Posco project work has not started. However, we are optimistic about implementation of the project," Odisha Steel and Mines Minister Prafulla Kumar Mallick told the state Assembly last week.

South Korean inflation slows in November

Last Updated: Tuesday, December 2, 2014, 07:50

South Korea`s inflation rate hit its lowest point for nine months in November, as the plunge in global oil prices forced a drop in transport costs, state data showed Tuesday.

South Korean Prez visits Red Fort

Last Updated: Friday, January 17, 2014, 22:08

Taking a break from her busy scheudule, South Korean President Park Geun-hye on Friday visited the historic Red Fort and inaugurated the first-ever Korean audio guide seeking to promote bilateral cultural ties.

Odisha govt to sign fresh agreement with Posco

Last Updated: Saturday, January 11, 2014, 22:45

Optimistic about progress of Posco's Rs 52,000 crore steel project, Odisha government today said it would sign a fresh tripartite agreement with the South Korean steel major as the validity of the original MoU lapsed three years ago.

India seeks South Korean investment in infra sector

Last Updated: Wednesday, January 8, 2014, 19:07

Committing to deepen economic reforms, Finance Minister P Chidambaram today asked the South Korean companies to take advantage of the investments opportunities in the Indian infrastructure sector.

FC Seoul captain to join Beijing Guoan

Last Updated: Friday, January 3, 2014, 14:48

South Korean football club FC Seoul Friday announced that it has agreed to sell captain Ha Dae-sung to China`s Beijing Guoan club. He will depart for Beijing this Sunday for a physical test.