South Korea’s finance minister said Monday the government will spare no efforts to provide all-out support to the shipbuilding sector with the goal of nurturing it into a new growth engine.Finance Minister Choo Kyung-ho made the remarks during his vis…
South Korean banks saw their financial health improve in the second quarter from three months earlier despite a rise in risk-weighted assets largely thanks to their quarterly net profit and additional issuance of subordinated bonds, preliminary data s…
South Korea’s information security market expanded nearly 17 percent last year from a year earlier thanks to sharp growth in cloud and network security services, government data showed Monday.The total sales of the country’s cybersecurity industry rea…
South Korean stocks traded nearly flat late Monday morning, with oil refiners and metal stocks extending gains while IT service blue chips and insurers lost ground.The benchmark Korea Composite Stock Price Index (KOSPI) had added 2.68 points, or 0.1 p…
POSCO Future M Co. said Monday it aims to achieve 3.4 trillion won (US$2.57 billion) in annual operating profit by 2030 as it accelerates the expansion into the manufacturing of secondary battery materials amid the robust electric vehicle (EV) demand….