The Trax Crossover by General Motors Co. (GM) has received more than 6,000 preorders in South Korea after its debut earlier this week, industry sources said Saturday.The preorders that began Wednesday here are expected to top 10,000 early next week, th…
Former President Lee Myung-bak visited a national cemetery in the central city of Daejeon on Wednesday to pay respects to sailors killed in North Korea’s sinking of a South Korean warship in 2010.The visit was Lee’s first official activity after he wa…
Gennbio Inc.on Wednesday announced that it will sell stock to raise 10 billion won (US$7.6 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company will issue some 7.44 mill…
OCI Co., a South Korean chemicals manufacturer, said Wednesday it will spin off its chemicals division under a new holding company, as it seeks to reshape the corporate structure to bolster chip and battery materials as future growth engines.The decis…
President Yoon Suk Yeol visited the Defense Counterintelligence Command on Wednesday and called for actively protecting defense industry secrets to ensure critical technologies are not leaked, his office said.Yoon made the remark while receiving a clo…
Foreign bank branches in South Korea saw their combined net profit jump over 40 percent in 2022 due to a rise in earnings from derivative products amid heightened market volatility, data showed Tuesday.The combined net income of 35 foreign lenders’ loc…
The following is the weather forecast for South Korea’s 12 major cities at 9:01 a.m. Tuesday.Temperature (C) Condition PossibilityHigh/Low of Rain (%)Seoul 21/05 Sunny 0Incheon 16/05 Sunny 0Suwon 21/02 Sunny 0Cheongju 23/05 Sunny 0Daejeon 23/04 Sunny 0…
South Korea’s exports fell 17.4 percent on-year in the first 20 days of March, data showed Tuesday, amid the protracted downcycle in the global semiconductor industry.The country’s outbound shipments stood at US$30.9 billion in the March 1-20 period, c…
POSCO International Corp. said Tuesday it will nurture carbon capture and storage (CCS) as one of its future growth drivers as the trading company accelerates its expansion into green energy.POSCO International said it established in February a new tea…
South Korean stocks opened higher Tuesday, tracking U.S. gains, as the takeover of troubled Credit Suisse by UBS raised hope for eased concerns about the global banking sector.The benchmark Korea Composite Stock Price Index (KOSPI) added 14.85 points, …
