Page 31 - Korea Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Cirium2021-02-16T12:10:00+00:00 South Korean carrier Jeju Air has posted a full-year operating loss of W336 billion ($305 million) for 2020, compared with a much smaller loss of W32.9 billion the previous year. Its fourth-quarter operating loss of W115 billion ($104 million) deepens one of W45 billion in the same period in 2019. Source: Jeju Air A Jeju Air 737-800 At a net level, its annual loss likewise increased dramatically, to W314 billion from W33.1 billion. Its fourth-quarter net loss rose to W45 billion from W15.6 billion. Revenue last year was down 73% at W377 billion. Fourth-q...

Wednesday, 10 February 2021, 6:10 am SINGAPORE, Feb 9, 2021 - (ACN Newswire) - The POWER WEEK Organising Committee is proud to announce the updated speaker lineup for POWER WEEK ASIA Virtual Conference, which is set to commence on 15 - 18 March 2021. Across 4 days, we will be broadcasting live interactive presentations, in-depth panel discussions, and networking sessions from leading experts across the world. POWER WEEK ASIA attracts the industry leaders from national power companies, government regulators, policy makers, renewable & IPPs, investors and suppliers from around the globe. With ...

Posted : 2021-01-12 16:31 Updated : 2021-01-12 18:27 Korea Development Bank Chairman Lee Dong-gull speaks during an online press conference at the bank's headquarters in Seoul, Tuesday. Courtesy of Korea Development Bank By Lee Min-hyung SsangYong Motor should put an immediate end to the unceasing dispute between management and labor to ensure it can revive its business after painstaking restructuring efforts, Korea Development Bank (KDB) Chairman Lee Dong-gull said Tuesday. "Any further discord between the two is intolerable," Lee told reporters during an online press conference. "The carm...

Share SsangYong Motor said its parts delivery deadlock is showing signs of alleviating as one of the key partners resumed supply. AFP SsangYong partially solves supply deadlock Sun, 27 December 2020 South Korea’s SsangYong Motor, which recently filed for court receivership due to a liquidity crunch, on December 24 said its parts delivery deadlock is showing signs of alleviating as one of the key partners resumed supply. A company official said: “Hyundai Mobis has announced that it will start supplying head lamps again, starting on December 29.” The cash-strapped automaker had announced ...

Markets South Korea’s Zombie Companies Are Scarier Than the Movies The pandemic has exacerbated South Korea’s burgeoning corporate debt, too much of which is going to ossifying firms and dragging on the country’s economic potential By Dec. 17, 2020 7:37 am ET In 2016, the South Korean zombie film “Train to Busan” took the world by storm. In 2019, Netflix’s “Kingdom” followed. Next year, the focus may be on the country’s zombie companies. The country’s existing problem with corporate debt has been magnified by the pande...