PHOENIX, May 01, 2025 (Korea Bizwire) — WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, today announced that its Board of Directors has declared a quarterly dividend of $0.07 per common share. The cash dividend will be paid on June 18, 2025, to shareholders of record as of the [...]
SEOUL, May 1 (Korea Bizwire) — Online shopping sales in South Korea gained 2.6 percent from a year earlier in March driven by rising demand for food products and relevant services, data showed Thursday. The value of online shopping transactions stood at 22.42 trillion won (US$15.72 billion) in March, up 576.8 billion won from a [...]
SEOUL, May 1 (Korea Bizwire) — Jeju Air Co. said Thursday it will launch a new route to Hakodate, Japan, next month to expand its service network to the neighboring country amid growing summer travel demand. The South Korean low-cost carrier will begin operations on the Incheon-Hakodate route with two weekly flights starting June 5 [...]
SEOUL, May 1 (Korea Bizwire) — HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., South Korea’s leading shipbuilders, have pledged to strengthen cooperation with the United States in naval shipbuilding and maintenance during a visit by a top U.S. Navy official this week, according to the companies Thursday. U.S. Secretary of the Navy John [...]
SEJONG, May 1 (Korea Bizwire) — South Korea has designated the southwestern city of Yeosu as an “industrial crisis response area” to help the ailing regional economy amid a slump in the petrochemical industry based in the area, the finance minister said Thursday. Finance Minister Choi Sang-mok made the announcement in an economy-related ministers meeting, [...]
South Korea Secures Major Nuclear Power Deal in Czech Republic, Marking Breakthrough in European Energy Market SEOUL, April 30 (Korea Bizwire) — For more than a decade, South Korea’s nuclear industry had its eyes set westward. On a Tuesday in April, that ambition finally crystallized into reality. After months of negotiations and fierce competition with industry [...]
SEOUL, April 30 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, said Wednesday its net loss widened in the first quarter from a year earlier despite a sharp increase in sales, due to falling oil prices and declining refining margins. Net loss deepened to 125.6 billion won (US$88.4 million) in the three months [...]
SEOUL, April 30 (Korea Bizwire) – U.S. Secretary of the Navy John Phelan visited South Korea’s leading shipbuilders, HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., Wednesday, as Washington seeks to strengthen bilateral cooperation in the sector under President Donald Trump. Phelan, on a two-nation Asia trip also involving Japan, visited HD Hyundai Heavy’s [...]
SEOUL, April 30 (Korea Bizwire) — South Korea’s major battery makers are increasingly reliant on U.S. subsidies under the Inflation Reduction Act (IRA) as a prolonged slump in electric vehicle (EV) demand—known as the “EV chasm”—drags on, clouding earnings prospects and investment strategies. Now, growing political uncertainty in Washington is further complicating the industry’s outlook. Companies like [...]
SEOUL, April 30 (Korea Bizwire) – Korean Air Lines Co., South Korea’s leading air carrier, said Wednesday it plans to invest 1.2 trillion won (US$844.3 million) to establish a next-generation aviation research and training hub in Bucheon, west of Seoul. The company plans to break ground on the 65,800 square-meter facility in 2027, with the [...]