The Korea Economic Daily

2 days ago | kedglobal.com | Man-Su Choe

Shares of Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., extended their rally Wednesday morning after surging by the daily limit high of 30% the previous day on news that Hoban Group has upped its stake in the holding firm to 18.46% from 17.90%.

3 days ago | kedglobal.com | Jin-Won Kim |Woo-Sub Kim

BUSAN – On a sunny May morning in Busan’s Yeongdo shipyard, the clang of steel and the rhythmic pounding of welders was telling a story of a shipyard once left adrift, now navigating calmer waters. Workers swarmed over the frames of seven specialty vessels: four air-cushion vehicles, two high-speed patrol boats and a fisheries guidance vessel. Next to them, a 9,000 TEU container ship, commissioned by shipping giant HMM Co., was undergoing final outfitting.

3 days ago | kedglobal.com | Seok-Cheol Choi

Lotte Group, South Korea’s fifth-largest conglomerate by assets, will buy back a stake in Lotte Global Logistics Co. from the latter’s financial investor for about 380 billion won ($269 million) after its logistics arm failed to go public. Lotte Corp., the group’s holding company, announced on Monday in a regulatory filing that LLH has exercised its right to sell 7,472,161 shares, or 21.87%, of Lotte Global Logistics under a put option agreement signed between the two parties in 2017.

4 days ago | kedglobal.com | Sookyung Seo

Medicube, the beauty-tech brand under South Korea’s fast-growing beauty company APR Co., will sell its products through both online and offline stores of Ulta Beauty, the largest beauty retailer in the US, marking one of the most extensive US retail entries for a Korean skincare label. Starting in August, 22 Medicube products, including skincare items and beauty devices, will be available both online and in all of Ulta’s 1,400-plus stores across the US.

1 week ago | kedglobal.com | In-Soo Nam

South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to expand its production footprint in one of the world’s fastest-growing consumer markets. The new plant, to be located in Sri City, an industrial hub in the eastern state of Andhra Pradesh, follows the company’s existing facilities in Noida and Pune, and underscores LG’s ambition to solidify its standing as the leading appliance brand in India.