BRAND

• 

  BRAND

  S. Korea's industry chief visits France for investment, energy talks

  SEOUL, March 22 (Yonhap) -- South Korea's Industry Minister Moon Sung-wook on Tuesday met with CEO of French auto parts maker Valeo Christophe Perillat and held a ceremony to mark the firm's planned investment of US$35 million in South Korea.
• 

  BRAND

  Finance minister holds meeting to discuss economic risks at home and abroad

  SEOUL, March 22 (Yonhap) -- Finance Minister Hong Nam-ki on Tuesday held an emergency meeting to discuss economic risk factors at home and abroad, including growing inflationary pressure and global supply chain disruptions.Hong met with ranking offic
• 

  BRAND

  S. Korea, Turkey seek deeper economic ties via FTA

  SEOUL, March 22 (Yonhap) -- South Korea and Turkey on Tuesday checked the outcome of their free trade agreement that went into effect nine years ago and discussed ways to further deepen trade and investment ties within the framework, Seoul's indu
• 

  BRAND

  Eastar Jet graduates from court-led debt rescheduling program

  SEOUL, March 22 (Yonhap) -- Eastar Jet Co., a South Korean low-cost carrier, said Tuesday it has graduated from the court-led debt-rescheduling program in one year after it was placed under court receivership amid the COVID-19 pandemic.Eastar applied
• 

  BRAND

  Fitch cuts 2022 growth outlook for S. Korea to 2.7 pct amid Ukraine crisis

  SEOUL, March 22 (Yonhap) -- Global credit appraiser Fitch Ratings on Tuesday lowered its 2022 growth outlook for the South Korean economy to 2.7 percent from 3 percent, citing the economic fallout of the Russian aggression against Ukraine."The
• 

  BRAND

  (LEAD) Sales at franchise outlets fall 5.5 pct in 2020 due to pandemic

  (ATTN: UPDATES with more details in paras 6-7)SEOUL, March 22 (Yonhap) -- Sales at franchise outlets in South Korea declined 5.5 percent on-year in 2020 due to the fallout of the COVID-19 pandemic, led by a slump in sales at dining-out brands, the co
• 

  BRAND

  Doosan Heavy to sell boiler-making overseas unit

  SEOUL, March 22 (Yonhap) -- South Korean plant builder Doosan Heavy Industries & Construction Co. said Tuesday it has decided to sell its boiler-making overseas subsidiary, in an apparent bid to improve its financial health.In its latest business rep
• 

  BRAND

  Card use grows in 2021 on spending recovery, less reliance on hard currency

  SEOUL, March 22 (Yonhap) -- Card use for settlement in South Korea jumped 9.4 percent last year as consumption rebounded from a pandemic-caused slowdown and people reduced reliance on hard currency, central bank data showed Tuesday.The daily average
• 

  BRAND

  Sales at franchise outlets fall 5.5 pct in 2020 due to pandemic

  SEOUL, March 22 (Yonhap) -- Sales at franchise outlets in South Korea declined 5.5 percent on-year in 2020 due to the fallout of the COVID-19 pandemic, led by a slump in sales at dining-out brands, the corporate watchdog showed Tuesday.Sales at franc
• 

  BRAND

  (LEAD) Regulator OKs convenience store operator Korea Seven's takeover of Ministop

  (ATTN: UPDATES with more details throughout)SEOUL, March 22 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to approve a deal by Korea Seven Co., the operator of 7-Eleven convenience stores, to buy its smaller rival Mini
• Zinus to raise 120 bln won via stock sale

  BRAND

  SEOUL, March 22 (Yonhap) -- Zinus Inc. on Tuesday announced that it will sell stocks to raise 120 billion won(US$98.2 million). The proceeds from the stock offering will be used primarily to finance its facilities.According to a regulatory filing, th
• 

  BRAND

  Hyundai Heavy Industries sells US$300 mln in green bonds

  SEOUL, March 22 (Yonhap) -- Major South Korean shipyard Hyundai Heavy Industries Co. said Tuesday it has successfully sold green bonds worth US$300 million to overseas investors.The five-year green bonds carry an interest rate equaling to the yield o
• 

  BRAND

  Regulator OKs convenience store operator Korea Seven's takeover of Ministop

  SEOUL, March 22 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to approve a deal by Korea Seven Co., the operator of 7-Eleven convenience stores, to buy its smaller rival Ministop Korea Co.In January, the country's
• 

  BRAND

  (LEAD) Yoon vows to remove obstacles hindering businesses

  (ATTN: ADDS more details in last 2 paras)SEOUL, March 21 (Yonhap) -- President-elect Yoon Suk-yeol vowed Monday to remove all institutional obstacles hindering businesses, saying economic growth should be led not by the government but by companies.Yo
• 

  BRAND

  Korea Shipbuilding bags orders totaling 211 bln won from Africa

  SEOUL, March 21 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has won ship orders totaling 211.1 billion won (US$174 million) from Africa.Under the deals, KSOE will build five 1,800 twenty-foot equivalent unit (TEU)
• 

  BRAND

  Yoon vows to remove obstacles hindering businesses

  SEOUL, March 21 (Yonhap) -- President-elect Yoon Suk-yeol vowed Monday to remove all institutional obstacles hindering businesses, saying economic growth should be led not by the government but by companies.Yoon made the remark during a lunch meeting
• 

  BRAND

  SK ecoplant kicks off IPO process

  SEOUL, March 21 (Yonhap) -- South Korean builder SK ecoplant Co. said Monday it has started the process of its initial public offering, slated for the first half of next year.SK ecoplant, a unit of SK Group, South Korea's third-largest conglomera
• 

  BRAND

  Brokerage firms see 2021 net profit jump on increased transaction fees

  SEOUL, March 21 (Yonhap) -- Brokerage firms in South Korea saw their net profit grow sharply last year thanks to increased transactions fees, data showed Monday.According to the data from the Financial Supervisory Service, 58 brokerage firms reported
• Seoul stocks trade lower late morning amid Ukraine uncertainty

  BRAND

  SEOUL, March 21 (Yonhap) -- South Korean stocks traded lower late Monday morning, as foreign and institutional investors reduced holdings amid uncertainty over the Ukraine-Russia tensions. The benchmark Korea Composite Stock Price Index had inched do
• 

  BRAND

  Construction contracts gain 10.5 pct in 2021

  SEJONG, March 21 (Yonhap) -- The value of construction contracts in South Korea gained more than 10 percent in 2021 thanks to more private projects, government data showed Monday.The value of civilian and public works contracts in Asia's fourth-l