Posco Archives | Page 26 of 29 | Be Korea-savvy
North Korean Defector’s Unfortunate Death Highlights Discrimination in South Korean Society

North Korean Defector’s Unfortunate Death Highlights Discrimination in South Korean Society

INCHEON, Aug. 23 (Korea Bizwire) – The defection of a Britain-based North Korean diplomat has received worldwide media coverage, yet again spotlighting the level of desperation and freedom sought out by the citizens living under one of world’s most oppressive regimes.  And although defection to South Korea may be a dream-come-true for many North Koreans, [...]

New Fine Dust Policy Might Affect POSCO’s Power Plant Plan

New Fine Dust Policy Might Affect POSCO’s Power Plant Plan

POHANG, June 6 (Korea Bizwire) – South Korean steel giant POSCO is faced with a dilemma over plans to build a new thermoelectric power plant. In an effort to tackle the prevailing issue of airborne fine dust particles, the Korean government revealed a new policy last Friday to shut down old coal-powered thermoelectric power plants, and [...]

Samsung and Hyundai Slash Cash Reserves While Others Raising Them

Samsung and Hyundai Slash Cash Reserves While Others Raising Them

SEOUL, Sept. 14 (Korea Bizwire) – Samsung and Hyundai Motor groups slashed their cash reserves in the first half of the year, while other major conglomerates increased their cash piles, data showed Sunday. Listed affiliates of Samsung Group, South Korea’s top family-controlled conglomerate, had a combined 40.5 trillion won (US$34.1 billion) in cashable assets as [...]

Foreign Investors Sell Off Korean Stocks Focusing on Samsung, SK hynix

Foreign Investors Sell Off Korean Stocks Focusing on Samsung, SK hynix

SEOUL, Aug. 31 (Korea Bizwire) — Foreign investors dumped shares of Samsung Electronics and SK hynix during their recent selling spree sparked by China’s stock rout and uncertainty over a U.S. rate hike, data showed Monday. Offshore investors unloaded 751.3 billion won (US$635.4 million) worth of Samsung Electronics shares between Aug. 5 and Friday, lowering their [...]