September 2, 2024

General
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14 troubled public firms to slash 32 tln won of debt by 2026

The finance ministry said Monday it will push to reduce 32.1 trillion won (US$24.01 billion) of debt incurred by 14 financially troubled public companies combined by 2026 through asset sales and organization restructuring.

According to the revised f…

General
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(LEAD) National Assembly formally kicks off in Yoon’s absence

The 22nd National Assembly formally kicked off with an opening ceremony Monday, more than three months after it came into operation, with President Yoon Suk Yeol skipping the ceremony amid tensions with the opposition.

Yoon’s decision to sit out the…

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Renault Korea’s Aug. sales inch up on overseas demand

Renault Korea Motors Co., the South Korean unit of Renault S.A., said Monday its August sales inched up 0.4 percent from a year earlier thanks to overseas shipments.

Renault Korea sold 8,451 vehicles last month, up from 8,414 units a year earlier, t…