operating loss

The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE Information Service...

South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...

South Korea’s Hanwha Aerospace Co. announced on Wednesday that it was selected as the next-generation launch vehicle KSLV-III operator, follow...

South Korea’s top financial regulator said on Wednesday it will fine local major power plant builder Doosan Enerbility Co. 16.1 billion won ($...

Boryung Corp., formerly Boryung Pharmaceutical Co., aims to join the 1 trillion won ($748 million) sales club this year, driven by new chronic disea...

Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...

South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...

T'way Air Co. announced on Friday that it will operate a new route between Incheon Airport and Beijing Daxing Airport from Mar. 25 to 30. T'way...

South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...

South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...

South Korea’s LG Uplus Corp. announced on Tuesday that it will introduce the smart customer support solution artificial intelligence (AI) Call...

SK Signet Inc., South Korea's electric vehicle (EV) charger manufacturer, announced on Thursday that it will supply fast chargers to the site of the...

Key shareholders of South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, have decided to halt the process of...

South Korea’s Hyundai Steel Co. is expected to resume steel production in Russia two years after it took its plant offline in the country amid...

LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, said on Monday it will raise 1.29 trillion won...

French luxury brand Chanel abruptly suspended the operation of its boutique in the section of high-end brands within Galleria Department Store in an...

With burgeoning demand for high-performance artificial intelligence chips, back-end process technology, which assembles various semiconductors and t...

Kakao Ventures Corp. has made an undisclosed amount of seed investment into Omelet, a South Korean early stage startup developing industrial operati...

South Korean game developer DevSisters Corp. announced on Wednesday that it has signed a publishing agreement in India for the mobile game "Cookie R...

South Korea’s top four financial services groups – KB, Shinhan, Hana and Woori -- booked 1.97 trillion won ($1.5 billion) of loans as lo...

Mark Zuckerberg, chief executive of US tech giant Meta Platforms Inc., will meet LG Electronics Inc. CEO Cho Joo-wan in Seoul around Feb. 28 to disc...

South Korea’s power utility Korea Electric Power Corp. (KEPCO) on Friday posted its second straight quarterly profit, sharply above market for...

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, aim to raise sales by 4.2% in India this year after logging record vehi...

A South Korean real estate fund is set to post a 100% loss as the value of its sole asset, a prime office building wholly leased to Norway’s l...

Wefun, a Seoul-based startup operating an office maintenance, repair and operation (MRO) platform, plans to go public next year after successfully r...

South Korea's Perigee Aerospace Inc. announced on Tuesday that it has discussed collaboration with the Philippine Space Agency (PhilSA) for the laun...

South Korea's Altos Ventures announced on Tuesday that it has invested 12.6 billion won ($9.4 million) in the software-centric fulfillment company T...

South Korean battery materials manufacturer EcoPro Co. announced on Monday that it partnered with the Debrecen Vocational Training Center in Debrece...

South Korean financial service companies are seeing increased losses in global real estate amid the commercial property value plunge and concerns ar...

SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its efforts to transform i...