SEOUL, April 21 (Korea Bizwire) — Voice phishing caused a loss of more than 100 billion won last year, but only a small amount has been returned to the victims, data showed Thursday. The Financial Services Commission revealed that voice phishing resulted in losses of 145.1 billion won (US$109 million) last year, with a return [...]
SEOUL, Sept. 20 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Friday it will enact a set of cost-cutting measures to cope with mounting losses. In the “preemptive self-help” measures, the company will reduce benefits, such as education expenses for children and medical coverage for [...]
SEOUL, Apr. 2 (Korea Bizwire) – South Korea’s online shopping malls posted a combined operating loss of more than 700 billion won (US$661 million) last year as they have relied on excessive discounts to compete effectively with rivals in a growing market, industry sources said Monday. The amount compares with nearly 1 trillion won of operating [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s leading shipbuilders and one of its shipping firms have been mired in losses due to unsuccessful restructuring efforts, industry data showed Tuesday. The cumulative net loss of Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, came to more than 7 trillion (US$6.5 billion) from [...]