Major foreign banks have actively increased staff at their operations in South Korea to offset growing uncertainty in their business in China, grappling with a growth slowdown, with the relatively more vibrant financial market of Asia’s fourth-largest economy. According to

Affinity Equity Partners, which holds a 69.64% stake in South Korean food container manufacturer Lock & Lock, is slated to buy most of the remaining shares to fully control the management as the household product maker’s earnings have declined amid fierce competition wi

HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, started mass production of biodiesel to expand its eco-friendly energy business at home and abroad.HD Hyundai Oilbank, a subsidiary of South Korean shipbuilding and machinery conglomerate HD Hyundai Co.,

Executives at all Samsung Group units will work six days a week from as early as this week to shift to emergency mode. The move comes as the won's sharp depreciation, rising oil prices and high borrowing costs are aggravating business uncertainties, after some of the group's mainstay businesses delivered poorer-than-expected results in 2023. The executives of Samsung Electronics Co., including those at manufacturing and sales divisions, will work