Hanwha gears up for 3rd-generation leadership with chairman’s stake gift
South Korea’s chemical-to-defense conglomerate Hanwha Group Chairman Kim Seung-youn will hand over half of his holdings in the conglomerate&rs...
Hanwha Energy begins IPO process, key to 3rd-generation shift
Hanwha Energy Corp., wholly owned by Hanwha Group Chairman Kim Seung-youn’s three sons, has embarked on the process of going public – a ...
Shinsegae International launches Harley-Davidson Collections
South Korea's Shinsegae International Co. launched a brand called Harley-Davidson Collections on Friday, blending Harley-Davidson’s motorcycle...
LG Uplus to enter renewable energy market through power brokerage
LG Uplus Corp., South Korea's third-largest mobile carrier, announced on Thursday that it will enter the renewable energy supply business through po...
Samsung C&T defeats activist funds in proxy battle
Activist funds arm in arm to demand higher dividends from Samsung C&T Corp. got defeated in a proxy fight against the de facto holding firm of S...
NPS to veto adding Hyosung chair, vice chair to board
The National Pension Service (NPS) will veto the appointment of the chairman and vice chairman of Hyosung Corp. as inside board members of the de fa...
Korea’s luxury resort market blossoms despite slow economy
South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...
Icure wins $2.85 mn lidocaine cataplasm order from Guatemala
South Korea's Icure Pharmaceutical Incorporation announced on Tuesday that it signed a supply contract for the specialized local anesthetic lidoca...
Ananti to go solo in Busan without Hilton
Ananti Inc. will end its six-year-long partnership with Hilton Hotels & Resorts by removing the global hotel giant's nameplate from its luxury s...
Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up
Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...
10 villages featuring traditional Korean architecture to be built in Seoul
The Seoul Metropolitan Government is pursuing a "fusion Hanok" project of building 10 Hanok (traditional Korean architecture) villages in the capita...
UK grants de facto approval of Korean Air's Asiana takeover
The UK's top watchdog for market competition on Monday accepted corrective measures submitted by Korean Air Lines Co. on its proposed takeover of As...
Jay Y. Lee inaugurated as chairman of Samsung Electronics
Samsung Electronics Co.'s leader Jay Y. Lee was promoted as the company's chairman on Oct. 27.Samsung Electronics' board of directors approved the a...
Samsung holds emergency CEO meeting on technology, risk
Chief executives of Samsung Group’s technology units, led by Samsung Electronics Co., held an emergency meeting on Monday to discuss new techn...
Samsung Elec. executes surprise chip executive reshuffle
Samsung Electronics Co. undertook an unexpected personnel reshuffle on Thursday, involving 20 employees, to hold them accountable for a lower-than-e...
Yoon, Biden highlight 'economic security alliance' following Samsung tour
South Korean President Yoon Suk-yeol and visiting US President Joe Biden emphasized the two countries' iron-clad commitment to economic security all...
