SEOUL South Korean builder Hyundai Development Co said on Tuesday its consortium has been picked as the preferred bidder for a controlling stake in Asiana Airlines and would inject over $1.7 billion into the debt-ridden carrier.
SEOUL, Nov 7 Three bidders, including a
consortium led by South Korean conglomerate Aekyung, submitted
formal bids for a controlling stake in Asiana Airlines Inc
, the country's No. 2 carrier, company officials said
SEOUL South Korean conglomerate LG Corp said on Wednesday Macquarie Asset Management has been selected as the preferred bidder for a 35% stake it is selling in an IT services firm.
SEOUL Samsung Electronics warned of a smaller mobile business profit on Thursday as its rival Apple gave a positive iPhone sales outlook, dampening hopes new models will help the world's largest smartphone vendor finally get back on a growth track. | Video
SEOUL North Korea said on Sunday there has been no progress in the North Korea-United States relations, and hostilities that could lead to an exchange of fire have continued, according to North Korea's state news agency KCNA.
SEOUL A South Korean judge overseeing Samsung Group heir Jay Y. Lee's bribery trial told him on Friday to "humbly accept" whatever the outcome of the trial, which could result in a tougher sentence for the conglomerate's de-facto leader. | Video
SEOUL, Oct 25 Samsung Group heir Jay Y. Lee
appeared at a Seoul courtroom on Friday for the start of a
bribery trial that could result in a tougher sentence after
South Korea's top court ordered a review of his graft case.
SEOUL A bribery trial involving the heir of South Korea's Samsung Group will start on Friday after the country's top court ruled earlier this year that the case should be reviewed by a lower court, raising the possibility of a tougher sentence.