Celltrion Inc., a South Korean biopharmaceutical firm, said Friday it has decided not to merge with its chemical drug-producing affiliate, Celltrion Pharm Inc., as shareholders disagreed on the planned merger.
The decision was made in board meetings…
South Korean stocks opened sharply higher Friday as major U.S. data eased economic slowdown fears.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 52.43 points, or 1.98 percent, to 2,696.93 in the first 15 minutes of trading.
Overnight…
Interpark Commerce filed for a debt restructuring program with the Seoul Bankruptcy Court on Friday, following in the footsteps of two sister e-commerce giants amid a liquidity crisis.
The company’s request for an autonomous restructuring support (A…
Today (%) Previous Session(%) Change (BP)
1-year TB 3.060 3.049 +1.1
2-year TB 3.040 3.000 +4.0
3-year TB 2.928 2.888 +4.0
10-year TB 2.973 2.945 +2.8
2-year MSB 2.988 2.953 +3.5
3-year CB (AA-) 3.415 3.370 +4.5
91-day CD 3.510 3.490 +2.0
So…
KG Mobility Corp., a South Korean carmaker, said Friday it has established a sales subsidiary in Germany to strengthen its operations in the European market.
The subsidiary, opened in Frankfurt, marks the company’s second direct overseas sales unit,…
