Hanwha Group said Friday it has invested US$100 million in Philly Shipyard Inc. to acquire a 100 percent stake in the U.S. shipbuilder, marking the first entry of a South Korean company into the U.S. shipbuilding industry.
The acquisition involves t…
South Korea’s producer prices rose for the sixth consecutive month in May, driven in part by the soaring prices of services and utility costs, central bank data showed Friday.
The producer price index, a major barometer of consumer inflation, increa…
Exports rose 8.5 percent on-year in the first 20 days of June, data showed Friday.
Outbound shipments reached US$35.75 billion in the June 1-20 period, compared with $32.94 billion tallied a year earlier, according to the data from the Korea Customs…
The number of air travelers between South Korea and Japan surpassed the 10 million mark in the first five months of the year, as the weak yen drove tourists to travel to the neighboring nation, government data showed Friday.
According to the Ministr…
Two men were arrested Friday on charges of defaming President Yoon Suk Yeol in a media interview engineered to discredit him as a presidential candidate, following a Seoul court’s issuance of arrest warrants.
Kim Man-bae, a journalist-turned-propert…