SK Hynix says to spend $26 billion on two new chip plants in South Korea

Last Updated: Tuesday, August 25, 2015, 08:59

SK Hynix Inc, the world`s No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won ($25.94 billion) to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness.

Hyundai Motors: The meteoric rise to an exceptional car manufacturer

Last Updated: Friday, August 7, 2015, 22:06

We take a look at the Korean company’s meteoric rise from cheap-car-manufacturer to an exceptional automotive case study worthy of being examined by manufacturers for years to come.

SK Telecom posts 20% drop in Q2 net profit

Last Updated: Thursday, July 30, 2015, 10:20

South Korea`s top mobile operator, SK Telecom, reported a 20 percent drop in second-quarter net profit Thursday, due mainly to a one-off cost related to personnel restructuring.

LG Display to spend $908 million for new plastic OLED plant

Last Updated: Thursday, July 23, 2015, 11:45

South Korea`s LG Display Co Ltd said on Thursday that it will invest 1.05 trillion won ($908 million) to build a new local plastic organic light-emitting diode (OLED) display production plant, ramping up spending for the next-generation technology.

POSCO says to exit unprofitable businesses as weak steel demand caps profit growth

Last Updated: Wednesday, July 15, 2015, 13:53

South Korea`s POSCO said it would shut down unprofitable local and overseas businesses as part of a restructuring plan aimed at boosting profit growth in the world`s sixth-largest steelmaker as global demand for steel remains weak.

Bank of Korea holds interest rate at record low

Last Updated: Thursday, July 9, 2015, 07:51

South Korea`s central bank left its benchmark interest rate unchanged at a record low of 1.5 percent Thursday, as officials monitor the economic fallout from an outbreak of the MERS virus.

South Korea injects $20 bn stimulus into MERS-hit economy

Last Updated: Friday, July 3, 2015, 07:56

The South Korean government on Friday agreed to inject $20 billion into the flagging economy, which has been hit by the MERS virus outbreak and sluggish consumption.

South Korea court ruling keeps $8 bn Samsung merger bid on track

Last Updated: Wednesday, July 1, 2015, 12:50

A court on Wednesday rejected a U.S. hedge fund`s bid to block a shareholder vote on the planned $8 billion merger of two Samsung Group companies seen as a key step in the leadership succession at South Korea`s biggest family-run conglomerate.

South Korea unveils $14 bn stimulus package to spur growth

Last Updated: Thursday, June 25, 2015, 11:08

Finance Minister Choi Kyung-Hwan said the extra was crucial because a recovery in Asia`s fourth largest economy hinged on the effectiveness of efforts to quickly contain Middle East Respiratory Syndrome.

SsangYong sales expected to grow 5-8% this fiscal: M&M

Last Updated: Tuesday, June 23, 2015, 18:17

Explaining how the company has been performing, he said: "The domestic market is doing very well for us. We have had our highest market share in Korea in the last two months."

Hyundai Motor Group to cut domestic operating expenses

Last Updated: Tuesday, June 9, 2015, 09:45

South Korea`s Hyundai Motor Group, squeezed by slowing sales, plans to cut domestic operating expenses, with the savings depending on its sales performance in the third and fourth quarters, a spokesman said on Tuesday.

South Korea inflation at 0.5%, deflation fears persist

Last Updated: Tuesday, June 2, 2015, 09:24

South Korea`s inflation rate remained way below the central bank`s target range in May as low crude oil prices depressed consumer price gains, government data showed Tuesday.