Seoul Business News

South Korea's state-run deposit insurance agency on Tuesday sold its 7 per cent stake in Woori Finance Holdings Co. (KSE:053000), worth of 866 billion won (US$750.5 million) through a block sale, a move to retrieve public funds injected into Woori...

The agreement signed with the Government will establish the Policy Centre on Global Development Partnerships in Seoul, which will promote global learning, networking and dialogue to reduce poverty and achieve sustainable development...It has evolved from strengthening agricultural productivity...

Newcrest Mining Ltd. added 3.6 per cent in Sydney as gold prices increased for the seventh straight session. Rio Tinto Group climbed 2.5 per cent after metal prices in London had their biggest weekly advance in a month. James Hardie...

Samsung Electronics, the world's top maker of memory chips and flat screen TVs, forecast third-quarter earnings to come in higher than market estimates as it increased its lead in chips, flat TVs and handsets. Analysts however focused on the company's...

After months of deadlock, the European Commission looks set to push ahead with the initial signing of a free trade agreement with South Korea next week, despite the continued misgivings of the European car sector. Korean car manufacturers (Photo: Wrote)...

The S&P CNX Nifty of the National Stock Exchange (NSE), too was trading in the negative terrain at 5,014 points, down 1.37 percent. Broader market indices were also in the red, with the BSE midcap index trading 0.93 percent lower...

Hyundai Motor Co is planning to sell off its stake in affiliate Hyundai Mobis Co in block trade to comply with anti-trust rules, online media provider eDaily reported on Wednesday. "In accordance with fair trade regulations prohibiting cross-unit investment, we...

Stock index futures rose on Monday, with investors poised to scoop up shares beaten down in last week's sell-off, while a report that Brocade Communications Systems Inc put itself up for sale may fan deal optimism. After rallying nearly 60...

South Korea's KT Corp, which is holding talks to sell Apple's iPhone in South Korea, plans to introduce 3G smartphones supporting WiFi and mobile WiMAX from Samsung Electronics and LG Electronics, its chief strategy officer told Reuters. Although the date...