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Sun, August 19, 2018 | 16:20

Biz & Tech > Heavy industries >

Asiana to reduce flight services for maintenance

Asiana Airlines will cut back on flight services for maintenance purposes after scores of planes were delayed in recent months. The airline announced Friday it will reduce flights services to U.S. and European cities starting October to comply with a set of instructions issued by the government.

Heavy industries | 2018-08-17 16:55

Gov't decides not to cancel Jin Air license

South Korea's government said Friday that it has decided not to revoke Jin Air's license, ending weeks of business uncertainty for the low-cost affiliate of Korean Air Lines Co. over its illegal appointment of a foreign national to its board of directors. Under South Korean aviation law, only South Koreans can be registered as a director of an airline.

Heavy industries | 2018-08-17 10:04

Korea South-East Power in hot seat over NK coal imports

Korea South-East Power (KOEN), one of five regional utility firms, is in the hot seat over its purchase of North Korean coal, which is banned under U.N. Security Council sanctions.

Heavy industries | 2018-08-13 16:08

Hanjin Group chief faces probe over regulatory rule violation

Under the current regulations, all affiliates under a major group's wing should be reported to the Fair Trade Commission (FTC) to regulate cross-shareholding and loan guarantees from 2014 to 2018.

Heavy industries | 2018-08-13 13:01

Hanwha to invest $20 billion by 2022

Hanwha Group will invest 22 trillion won ($19.5 billion) in its core businesses and create 35,000 jobs by the end of 2022 to cope with the changing business environment and to support the Moon Jae-in administration's growth policy, the conglomerate said Sunday. According to Hanwha, the investment will be the largest in its 66-year history.

Heavy industries | 2018-08-12 14:37

Supreme Court upholds Hanwha fine for price rigging

The Supreme Court upheld a decision for the Fair Trade Commission in fining Hanwha a multi-million dollar amount for its price-rigging practices in the explosives market.

Heavy industries | 2018-08-09 20:31

Consumers fall victim to US sanctions on Iran

Park Sung-jin, 32, drives about 70 kilometers a day, commuting between his home in Yeongdeungpo-gu, Seoul, and his company in Pangyo in Seongnam, Gyeonggi Province. Since the gasoline prices near his home are quite expensive, he uses a gas station on the Seoul-Busan Expressway because it is about 50 won cheaper, but in July he found that the price there was the same as the ga...

Heavy industries | 2018-08-09 17:18

POSCO executives urged to take lead

POSCO Chairman Choi Jeong-woo is asking executives and other senior employees to come forward with ideas and plans for the steelmaker to achieve sustainable growth and find new growth engines, the company said Tuesday.

Heavy industries | 2018-08-07 15:54

Incheon FEZ faces biggest crisis

The Incheon Free Economic Zone (IFEZ) is facing its biggest crisis since its 2003 foundation as it continues failing to attract foreign investors and companies, according to analysts Monday. Several of its large development projects have also come to a virtual halt in recent years, further clouding the future of Korea's first FEZ, which was set up to draw investment from outs...

Heavy industries | 2018-08-06 18:20

SK Innovation up 6 notches in rankings

SK Innovation has jumped six notches on a list of global chemical companies evaluated by C&EN, a prestigious chemical journal, showing the sharpest growth among domestic chemical companies.

Heavy industries | 2018-08-01 17:03

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