Major South Korean shipbuilder Hanwha Ocean Co. said Wednesday its talks to acquire Australian shipbuilder Austal had fallen through.
“We have decided to stop negotiations with Austal’s management and board of directors as of today. We have also not…
South Korea and Morocco have held a policy consultation meeting on envisioned joint economic and industry projects through a cooperation fund, Seoul’s finance ministry said Wednesday.
During the two-day meeting held in Rabat from Monday, the two nat…
Seoul shares ended more than 1 percent lower Wednesday to end their six-day winning streak as investors were disappointed with a new stock index to be launched next week. The local currency rose against the U.S. dollar.
The benchmark Korea Composite…
Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Wednesday it has signed an initial pact with Chinese electric automaker BYD for partnership in the logistics business.
Under the “strategic” memorandum of understanding, the two com…
Seoul shares ended more than 1 percent lower Wednesday to end their six-day winning streak as investors were disappointed with a new stock index to be launched next week. The local currency rose against the U.S. dollar.
The benchmark Korea Composite…
A van driven by a drunk person collided with a city bus in the central city of Daejeon, causing the bus to crash into a bridge pillar and leaving 28 people injured, two of them seriously, police said Wednesday.
The van’s driver in his 50s was drunk …
