Discount chains are shutting down branches as their sales dip from the Covid-19 crisis.
Major companies are on high alert as novel coronavirus cases have been reported at some of their facilities. Samsung Electronics on Friday said one office employee at its Giheung campus in Gyeonggi was confirmed to have been infected with the virus.
Jeju Air expressed frustration with Easter Jet, saying that the acquisition target needs to hold up its side of the bargain and stop leaking details of confidential conversations between the two companies.
Cyworld, once Korea's most popular social network and one of the first in the world, is finally reaching the end of its long life after failing to keep up with newer services like Facebook and Instagram.
Hyundai Steel shut down an electric arc furnace plant in Dangjin, South Chungcheong, on Monday due to a decrease in demand and the plant’s low profitability, the steelmaker confirmed Wednesday.
Lotte Duty Free and Shilla Duty Free stores in Jeju Island will close temporarily starting on June 1 after sales have plummeted for months following a dip in tourists due to the coronavirus pandemic.
Kia Motors, Korea's second-biggest carmaker by sales, said Wednesday it will suspend two domestic plants for several days next month due to lockdowns in major markets.
Construction of a Samsung Electronics chip production line in Pyeongtaek, Gyeonggi, was halted after a worker there tested positive for the coronavirus. The company said that the case won’t affect the operation of an existing semiconductor facility.