All posts tagged "Business"

  • Trader Michael Milano works on the floor of the New York Stock Exchange, Tuesday, Sept. 1, 2015. More signs of weakness in China's economy are sending global stock markets sharply lower. (AP Photo/Richard Drew)
    US stocks plunge again after bleak Chinese manufacturing report

    NEW YORK (AP) — Stocks plunged again Tuesday, continuing a rocky ride for Wall Street, after an economic report out of China rekindled fears that the world’s second-largest economy is slowing more than previously anticipated. The sell-off...

    • Posted September 1, 2015
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  • daum_kakao_rhkpa
    Daum Kakao to change its name to Kakao

    SEOUL (Yonhap) — Daum Kakao Corp., the operator of South Korea’s top mobile messenger, KakaoTalk, said Tuesday it will seek to change its company name to Kakao at the upcoming shareholder meeting, as part of a push...

    • Posted September 1, 2015
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  • Samsung headquarters in South Korea (Yonhap)
    Samsung takes up half of S. Korean tech firms’ $279 billion revenues

    SEOUL (Yonhap) — South Korean tech behemoth Samsung Electronics Co. accounted for nearly half of the revenue logged in the tech sector last year, underscoring its unrivaled dominance in the segment, data showed Tuesday. The combined sales...

    • Posted September 1, 2015
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  • South Korea's national flag is hung on the Lotte World Tower under construction in Seoul in this file photo taken on Aug. 7, 2015 (Yonhap)
    Lotte skyscraper faces image problem over family feud

    SEOUL, Aug. 31 (Yonhap) — When South Korea marked its 70th anniversary of independence from Japan’s colonial rule on Aug. 15, Lotte Group, a retail conglomerate based both in Seoul and Tokyo, hung up a huge Korean...

    • Posted August 31, 2015
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  • The exterior of six-floor SMTOWN@coexartium, a cultural facility for K-pop fans in Samseong-dong. (Courtesy of SM Entertainment)
    The birth of K-sportainment: SM joins hands with top sports agency

    It looks like the beginning of Korean “sportainment” — sports agency/marketing powerhouse IB Worldwide and K-pop giant SM Entertainment have joined hands in a strategic partnership through mutual investment. IB Worldwide saw an increase in capital of...

    • Posted August 26, 2015
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  • goldman sachs
    Goldman Sachs Korea raided for alleged stock price manipulation

    By Kim Se-jeong Prosecutors announced Tuesday that they raided the offices of Goldman Sachs Korea, ING Life Insurance and Macquarie Investment Management Korea last week to investigate allegations that the firms were involved in stock price manipulation....

    • Posted August 26, 2015
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  • The entrance to the Seoul office building of Samsung Electronics, Seoul, South Korea. (Yonhap)
    Samsung slumps to 10-month low despite new product launch

    SEOUL (Yonhap) — Shares of Samsung Electronics Co. fell to a 10-month low on Monday as its new high-end smartphones with wider screens unveiled last week failed to offset a negative outlook on its mobile business, analysts...

    • Posted August 17, 2015
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