January 23, 2024

SK regains No. 2 market-cap group status on SK hynix performance

SEOUL, SK Group has reclaimed its position as the second-largest conglomerate in South Korea by market capitalization, with its chipmaking unit, SK hynix Inc., playing a crucial role, industry data showed Tuesday.

The combined market capitalization …

Gov’t to foster ‘Netflix of webtoons’ in S. Korea

SEOUL, The government will foster domestic webtoon platforms with global influence comparable to Netflix, the culture ministry said Tuesday.

The government will also establish an international webtoon festival with competition categories this fall, …

Hyundai Engineering and Construction turns to profits in Q4

SEOUL, Hyundai Engineering and Construction Co. on Tuesday reported its fourth-quarter net profit of 110 billion won (US$82.4 million), swinging from a loss of 172 billion won a year earlier.

Operating profit for the October-December period was 144….