Doosan Infracore to sell W500b bond with warrants

Doosan Infracore Co., South Korea's top construction equipment maker, said Friday that it plans to sell 500 billion won ($447 million) worth of debt with warrants to refinance maturing debt.In a regulatory filing, Doosan Infracore...

Mirae Asset Life to complete integration with PCA Life by Q1

Mirae Asset Life Insurance Co. said Friday it will complete its integration with PCA Life Insurance Co., the local unit of Britain's largest insurer Prudential Plc., by the first quarter of next year.The move came after Mirae Asse...

Seoul stocks sets another record for 5th consecutive session

South Korean shares extended their winning streak to end at a new record high Friday on the back of improved investors' sentiment on gains from the Wall Street, analysts said. The Korean won fell against the US dollar.The benchmar...

[Photo News] Mangoes from India are sold at E-mart's discount chain stores

MANGOES FROM INDIA -- Models show mangoes imported from India at an E-mart branch in Seoul on Friday. The retail giant is the first to distribute Indian mangoes at its discount chain across the country. (Yonhap)

KB Kookmin Bank sells $400m in bonds in Taiwan

South Korea's top lender KB Kookmin Bank said Friday that it has successfully issued $400 million worth of bonds in Taiwan, becoming the first local bank to do so.The Formosa bonds will mature in five years and carry a floating ra...

Foreign investors’ daily trading hits record

The average daily stock trading by foreign investors reached nearly 2 trillion won ($1.78 billion) this month, the highest ever in recorded history, according to the Korea Exchange on Friday. In the past 25 days, the average tradi...

Kumho Tire creditors pressure group chairman for brand rights

Kumho Asiana Chairman Park Sam-koo is under high pressure to negotiate terms for the use of the Kumho Tire name in an ongoing purchase deal with Chinese tiremaker Doublestar, as Kumho Tire creditors on Friday discussed extending t...

Big 3 shipbuilders see recovery but midsize builders struggle

Although the global shipbuilding market is gradually showing signs of fiscal recovery this year, as with Korea’s big three shipbuilders, orders at midsized shipbuilding companies remain sparse. According to the Korea Export-Impor...

Video leak shows bezel-less 6.3-inch Galaxy Note 8

 The upcoming Samsung Galaxy Note 8 smartphone in late summer will allegedly have a 6.3-inch bezel-less screen, similar to the Galaxy S8 model, a video leak showed Friday. In a nine-second video posted on China’s Weibo, a front ...

Macrogen to build big data system to predict diseases for Korean population

Macrogen, South Korea’s biggest genome sequencing company, has set out to build a genomic and medical big data system designed to predict the risks of diseases for the Korean population and guide new drug development and treatmen...

[Photo News] Frequent Korean Air flyers recieve discounts for transporting pets

FLYING PETS -- A Korean Air passenger requests the air carrier’s Skypets service, which provides frequent flyers with discounts for transporting pets. Each flight taken with a pet on Korean Air earns stamps that can be later trad...

Louis Vuitton opens reservations for brand exhibition

Luxury brand Louis Vuitton has begun taking reservations for tickets to its free brand exhibition “Volez, Voguez, Voyagez -- Louis Vuitton.”The exhibition will feature roughly 1,000 items collected by the design house from its e...

Hyundai holds biennial driverless car race

Hyundai Motor Co. on Friday held its fourth biennial competition for autonomous cars at a local speed circuit, a move aimed at enhancing its brand image and promoting technology growth.  In the past two decades, the carmaker prov...

Korea's terms of trade worsen in April

South Korea's terms of trade deteriorated slightly in April from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Friday.The terms of trade index for products came to 101.38...

Seoul shares up 0.42% in late-morning trade

South Korean stocks traded 0.42 percent higher late Friday morning, led by gains in logistics and tech firms, analysts said. The benchmark Korea Composite Stock Price Index rose 9.73 points, or 0.42 percent, to 2,352.66 as of 11:2...