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Monday, May 25, 2020
Chiefs of Korea's top two chaebol have first one-on-one biz meeting As South Korea’s two representative business conglomerates, Samsung Group and Hyundai Group have competed to take the top position over the past half-century. Thus far, the two groups have hardly...
Korea-US joint venture offers helping hands in hard times Shinsegae Simon, which operates four premium outlets in South Korea, has donated 10 million won to a county of Busan, the country’s southeastern port city. The Seoul-based joint venture said on May...
LG Chem, South Korea’s largest chemical company, refused to refute the rumors that the company may have to leave a southern Indian city after a fatal gas leak. LG Chem said Monday that the issue is not its top priority...
Many corporations struggle to find their feet across the world because the global economy is hit hard by the novel COVID-19 coronavirus throughout this year. But not all companies are languishing. Some are flourishing thanks to the pandemic as demonstrated...
Korean food company continues to come up with innovative products According to food writer Angela Clutton’s famous book “The Vinegar Cupboard,” vinegar is as old as civilization _ its first traces in Egypt stretch back to around 5,000 years ago. Since...
Korean outfit helps Indonesia deal with virus KT&G, South Korea’s leading tobacco brand, has donated diagnostic kits to the Indonesian government to help the country topple the novel COVID-19 coronavirus. KT&G said on May 6 that the outfit had offered the...
Top Korean company repeates time-honored strategy Samsung Electronics has channeled the most resources into research and development during the first three months of this year despite the new COVID-19 coronavirus outbreak. The Seoul-based company disclosed Monday its detailed first-quarter financial results,...
Korean news outlets raise suspicions Earlier this month, Philip Morris Korea came up with its accounting reports for 2019, which is available through the website of the country’s financial watchdog. Then, some domestic media outlets raised suspicions about why Philip Morris...
All of a sudden, South Korea has become a powerhouse in manufacturing diagnostic kits for the novel COVID-19 coronavirus as the country exports millions of kits a month. And a local pharmaceutical firm called iONEBIO recently said that it plans...
An increasing number of apartments and hotels are embracing service robots in South Korea due to the coronavirus pandemic, which has caught the world by surprise. Samsung C&T recently said that the country’s leading constructor will install guide robots powered...

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