Korea to ease rules for petrochem industry M&As, plant closures

South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global suppl...

Korean bank branch closures accelerate as online deals grow

South Korean banks are accelerating moves to close branches given the growth in digital transactions and decline in offline customers but financial ...

Art luxury hotel reopened at Paradise City in Incheon

The casino complex Paradise City in Incheon on Saturday will reopen Hotel Art Paradiso at its integrated resort on Yeongjong Island. Closed in July ...

DSME, INPEX end $970 mn dispute over FPSO

Daewoo Shipbuilding & Marine Engineering Co. (DSME) and INPEX Corp. have agreed to end a $970 million dispute less than a year since the damage ...

Korea’s Cosmax to shut Ohio plant to cut losses; shares up

Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, plans to shut its loss-ma...

Citibank alludes to S.Korean retail business closure

Citibank Korea will begin to examine ways to gradually liquidate its consumer banking business as it faces difficulties in selling the retail operat...