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DL, SPC chiefs apologize for worker deaths under poor labor conditions

The chairmen of DL and SPC groups vowed, Friday, to enhance safety measures to prevent fatal industrial accidents, apologizing for a series of worker deaths involving their companies. ....

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2022's top finance and business news

The year 2022 had its ups and downs. Steeply rising interest rates caused turmoil in the financial markets, while the successful launch of the nation s first homegrown space rocket boosted hopes that Korea will join the world s space powers in the near future. Here are the top 10 news in business and finance that made headlines in 2022. ....

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Lotte chairman unseen during Saudi crown prince's stay in Seoul

Lotte Group Chairman Shin Dong-bin was not seen during Saudi Crown Prince Mohammed bin Salman Al Saud s luxurious day-long stay at Lotte Hotel in downtown Seoul, where he met with Korean business tycoons on Thursday evening at the executive suite which costs 22 million won ($17,000) per night. Even before the de facto leader of Saudi Arabia came to Korea, there were rumors that the chairmen of Lotte and LG groups were not invited to the crown prince s meeting. ....

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Chaebol chiefs meet Saudi crown prince to seek lucrative deals in oil-rich nation

With Saudi Crown Prince Mohammed bin Salman Al Saud visiting Korea, Thursday, the stock prices of local corporations in various sectors saw an upward trend during the day s trading. ....

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