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This is where you can find latest news about Korean business conglomerates.

Unionists worry about conditional approval from EU In this January, the Korea Development Bank announced that it signed a $1.7 billion deal with Hyundai Heavy Industries (HHI) to sell its 55.7-percent stake in Daewoo Shipbuilding & Marine Engineering (DSME). After the...
Yanolja raises $180 million funding Yanolja, the leading online travel platform in Korea, said June 11 that it raised $180 million from GIC, which manages Singapore’s foreign reserves, and Booking Holdings. The Seoul-based outfit said that the investment brings its valuation...
Hwang urges 5G innovation with global leaders KT, the company that launched the world’s first nationwide 5G commercial network, is asking world leaders to pioneer the future of next-generation wireless connectivity together. In a speech during the Global Entrepreneurship Summit 2019...
Korean outfit launches campaign to help Vietnam A South Korean conglomerate tries to help clean Vietnam’s Mekong River through launching a campaign of removing waste from the river based on advanced technology. Hanwha Group said June 6 that it has kicked...
Concerns rise on future of acquisition contract Concern is rising as to whether Hyundai Heavy Industries (HHI) will be able to finish its acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) faced with the all-out opposition of its union members...
Korean auto parts supplier recognized by GM Hanon Systems, Korea’s top-tier automotive supplier, recently announced that the outfit opened Chongqing Hanon Jianshe Automotive Thermal Systems in China. The Daejoen-based company said that the establishment of the joint venture involves a partnership...
5 outfits strive to acquire Korean gaming firm Two Korean info-tech companies and three private equity funds took part in the competition to purchase a controlling stake in the country’s leading gaming company Nexon. Korean game publisher Netmarble and IT firm...
Shipbuilder goes ahead with its plan despite union's protest Despite all-out opposition from its workers, shareholders of Hyundai Heavy Industries (HHI) approved the first step necessary to merge with Daewoo Shipbuilding & Marine Engineering (DSME) on May 31. Just higher than...
E-commerce operators keep splurging despite snowballing deficits In the classic game of chicken, two cars drive straight to each other. As the loss of swerving is trivial compared to the crash if nobody swerves, the rational option is to swerve...
Korean biosimilar maker promises to invest $34 billion Celltrion, a Korean biosimiar manufacturer, strives to surpass U.S. juggernaut Pfizer by 2030, according to the former’s Chairman Seo Jung-jin on May 16. Toward that end, Seo said that the Incheon-based company will...

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