Standard Chartered Bank Korea said Friday it will offer a special promotion for new customers who open a money market deposit account with a deposit of 30 million won ($22,125) or more, up to an individual limit of 2 billion won. Running until May 30, the promotion provides a special interest rate of up to 3.4 percent for 60 days maximum from the date of opening the account. The money market deposit account is a flexible savings account that offers daily compounding interest rates that vary base

Jeonbuk Bank signed a memorandum of understanding with Credit Bureau Cambodia and Korea Credit Bureau, the leading credit rating agencies in Cambodia and Korea respectively, to provide credit information services for Cambodian customers. The signing ceremony, held during the Cambodia-Korea Business Forum in Seoul on Thursday, was attended by Cambodian Prime Minister Hun Manet, Korean Industry Minister Ahn Duk-geun and other officials from both governments. Jeonbuk Bank, in collaboration with the

South Korean builder Daewoo Engineering & Construction Chairman Jung Won-ju met Cambodian Prime Minister Hun Manet, who was visiting South Korea for a bilateral summit, to seek support for the builder's expansion plans in Cambodia, the company said Friday. During the meeting, Jung requested support for Korean companies making inroads investments into the Cambodian market and discussed ways to enhance economic cooperation between the two nations, the firm said. "Daewoo E&C, as o

CJ Group's health and beauty drugstore CJ Olive Young showed stronger year-on-year performance in the first quarter, largely driven by robust sales in foreign markets and an increasing number of foreign visitors to Korea. According to its regulatory filing Thursday, the company reported 1.08 trillion won ($797 billion) in sales for the first quarter of the year, up 30 percent increase compared to the same period last year. The profit figures were not immediately disclosed. The company first

Over 300 employees of GS Caltex and their families planted 10,000 East Asian seepweeds, which enhance mudflats' carbon capture capacity and carbon absorption rates, in the Ramsar site at the Julpo Bay Tidal Flat Ecological Park in North Jeolla Province on Sunday, the South Korean oil refiner said Thursday. The eco-friendly project began in April when the company launched the campaign to encourage employees to buy 3.3 square meters of the mudflat to prevent reckless development of the natura

South Korean logistics company LX Pantos said Thursday it has signed a memorandum of understanding with Sinotrans, the Chinese logistics giant, as part of efforts to facilitate maritime and aerial transportation for deliveries to the US and Europe, as well as between the two Asian countries. The signing event was held Monday at Sinotrans’ headquarters in Beijing, with the attendance of LX Pantos CEO Lee Yong-ho, Sinotrans President Song Rong and other relevant officials. Under the agreemen

Korean food giant CJ CheilJedang beat earnings estimates in the first quarter of this year, largely driven by increased overseas sales. According to its regulatory filing Tuesday, the company posted 4.44 trillion won ($3.24 billion) in sales and 267 billion won in operating profits in the first months of the year. Its profits alone surged 77.5 percent from the same period last year. Its flagship food business reported 2.83 trillion won in sales and 184.5 billion won in operating profits, up 2.6

Samyang Roundsquare shares rallied Monday, driven by investor expectations of the growing popularity of its spicy ramyeon brand, the Buldak series, especially in the US market. The shares soared to a record high of 353,000 won ($258) at one point in the morning before closing at 329,000 won. Over the past three months alone, the shares jumped more than 70 percent. Samyang's upward trajectory began in August 2023 when it posted record exports of its Buldak products in the second quarter. E

Daewoo Engineering and Construction has been showcasing its engineering prowess not only domestically but also internationally, winning a series of large-scale bridge construction projects. On home soil, Daewoo E&C constructed the Dongjak Bridge, the first combined railway and roadway bridge in South Korea in 1984. Since then, they have successfully completed numerous bridges, including the Gwangan Bridge, Cheonsa Bridge, and the Geoga Bridge, which features the country’s first underwa

Marking 20 years of Hong Kong unit, brokerage firm looks to take leap in India

HD Hyundai Marine Solution, a ship maintenance unit affiliated with Korean shipbuilding giant HD Hyundai, made its stock debut Wednesday, with the stock price soaring on the first day of trading. Listed on Kospi, the nation’s main bourse, its stock opened at 119,900 won ($88), a 48.8 percent surge from the initial public offering price of 84,300 won. It hit a high of 166,100 won before closing at 163,900 won. During its book-building period earlier in April, the company managed to amass

Hankook Tire and Technology Co. on Friday reached a deal to buy a controlling stake in Hanon Systems Corp., the world's second-largest heat pump systems maker for automobiles, for 1.73 trillion won ($1.27 billion). Under the deal with private equity firm Hahn & Co., Hankook Tire will buy a 25 percent stake in Hanon Systems and an additional interest via rights offerings. Hankook Tire already owns 19.49 percent in Hanon Systems after spending 1.08 trillion won in 2014. With the additiona

B-Robotics, a subsidiary of the delivery app Baemin's operator Woowa Brothers, said Friday it has signed a memorandum of agreement with Hanwha Robotics to strengthen its focus on the restaurant automation market. The signing ceremony was held at B-Robotics' headquarters in Seoul on Thursday with B-Robotics CEO Kim Min-soo and Hanwha Robotics CEO Seo Jong-hwi in attendance. Under the agreement, B-Robotics and Hanwha Robotics will establish a joint strategy for further developing restaur

CJ Group’s Tous Les Jours bakery operates a booth at the 2024 CJ Cup Byron Nelson, which kicks off Thursday in Dallas. Having previously hosted its own PGA Tour event since 2017, CJ CheilJedang took over title sponsorship for the Texas-based tournament from AT&T last year. (CJ CheilJedang)

Korean defense firm Hyundai Rotem said Thursday that it has been chosen as the preferred bidder for a Peru military project for wheeled armored vehicles. The company will deliver 30 units of its K808 White Tiger wheeled armored vehicle to Peruvian military authorities in the first batch, valued at approximately $60 million. This deal was facilitated by Korean trading company STX. This deal signifies not only the first export of Hyundai Rotem’s wheeled armored vehicles, but also the first t