SEOUL Daewoo Shipbuilding & Marine Engineering Co Ltd's CEO Jung Sung-leep said he believes he should step down from the top position if the cash-strapped South Korean firm is unable to turn a profit this year.
SEOUL South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd , which has built up huge losses from offshore projects and risks missing debt repayments.
SEOUL A South Korean court said on Friday it has reassigned Samsung Group chief Jay Y. Lee's bribery trial to another judge, following questions about the previous judge's connection to a woman Lee is accused of bribing.
SHANGHAI/SEOUL Cai Yufang, 21, is a big fan of Korean television dramas like "Shopping King Louie", a show about a profligate chaebol heir who loses his memory and learns the value of love and labor from a sweet, simple country girl. | Video
SEOUL Prosecutors questioned three officials linked to South Korea's third-largest conglomerate, SK Group, on Thursday as part of a widening corruption scandal that led to the dismissal of President Park Geun-hye.
SEOUL South Korea's Constitutional Court removed President Park Geun-hye from office on Friday over a graft scandal involving the country's conglomerates at a time of rising tensions with North Korea and China. | Video
SEOUL/SHANGHAI Chinese authorities have closed nearly two dozen retail stores of South Korea's Lotte Group following inspections, ramping up pressure on the conglomerate amid a diplomatic standoff that has cast a chill over business ties between the two nations.
SEOUL Lotte Duty Free on Thursday said a cyber attack using Chinese internet protocol (IP) addresses has crashed its website, the latest report of irregularity from a South Korean firm in China since Seoul decided to deploy a U.S. missile defense system. | Video
SEOUL Lawyers for South Korean President Park Geun-hye accused one of the judges reviewing her impeachment of bias on Wednesday and asked him to excuse himself, in a dramatic twist in a case engulfing members of the political and business elite.
Seoul In Südkorea stürzt der Korruptionsskandal um Präsidentin Park Geun Hye den größten Konzern des Landes vollends in die Krise.