Once the No. 2 company on the Kosdaq in terms of market capitalization, bio firm Helixmith is on the verge of being delisted after it lost a huge amount of money over the last five years through a series of risky investments.
Korean Air Lines has signed a deal to sell its in-flight catering and duty-free business to private equity firm Hahn & Company in a bid to secure capital as the airline industry struggles in the wake of the coronavirus pandemic.
Lotte Hi-Mart CEO Lee Dong-woo, 60, is replacing Hwang Kag-gyu as Lotte Corporation CEO following a vote by the board of directors on Thursday.
An economy is all about psychology. When optimism is in the air, consumption increases and that fuels economic vitality. On the flip side, if pessimism prevails, the economy can make a 180-degree turn astonishingly quickly. Boom...
Shinsegae went into the red in the second quarter, largely due to the body blow dealt by its duty-free business by the Covid-19 pandemic.
Aekyung Industrial swung to a net loss in the second quarter as cosmetics sales fell.
Despite a range of promotions to try and drum up business, Lotte Shopping reported a significant net loss in the second quarter with sales decreasing as consumer sentiment took a hit due to the coronavirus pandemic.
Jeju Air reported a devastating second quarter performance, with its on-year net profit plummeting almost 200 percent.
Amorepacific Group’s profit plummeted in the second quarter as sales at offline stores, including duty-free shops, suffered as a result of the pandemic.
Posco reported a quarterly operating loss in the second quarter due to sluggish global steel demand as a result of the Covid-19 pandemic.