Chairman Lee hae-wook facing prosecution
Daelim Industrial Group Chairman Lee Hae-wook seems to be having a rough first year as head of the construction conglomerate headquartered in Seoul.
Korea’s anti-trust watchdog said earlier this month that it was fining Daelim Industrial...
World No. 1 tennis player talks about her BTS fandom
World No. 1 tennis player Naomi Osaka said that she is also a fan of K-pop superstar BTS, which is rocking the globe through its latest studio album “Map of...
Korean outfit gains U.S. approval
A company with annual sales of around $1 billion can double in size every year? Most investors would be skeptical, but that’s what one of Korea’s biggest firms Celltrion tries to do.
During the shareholders’ meeting...
Tech giant expands AI lab in Montreal
Samsung Electronics will expand its artificial intelligence (AI) lab in Montreal to beef up its fundamentals in AI research and drive competitiveness in such non-memory businesses as system semiconductors.
The Samsung Advanced Institute of...
Samsung, KT to cooperate for NB-IoT services
Korea’s two high-tech giants will cooperate to deliver the world’s first narrowband Internet of Things (NB-IoT) services through public safety LTE network solutions to locate those in need in unprecedented ways.
Samsung Electronics and...
Korean automaker keeps achieving better monthly sales
Hyundai Motor, Korea's largest automaker, saw its sales in the United States rise nine straight months in April thanks to the rising popularity of its sports utility vehicles (SUVs).
The Seoul-based carmaker said on...
President gets close to Samsung just ahead of verdict on tycoon
All eyes are on Korea’s Supreme Court, which is expected to come up with a ruling on Samsung Group’s de facto chief, Vice Chairman Lee Jae-yong, this month.
The country’s...
2nd-round lawsuit between two battery giants starts in US
LG Chem, one of the world’s top battery suppliers for electric cars, brought its cross-city rival SK Innovation to a U.S. court, claiming theft of its trade secrets.
LG Chem said that...
Outbound shipments fall for 5th month
Korea’s exports in April amounted to $48.86 billion, down 2 percent from a year ago, according to the Ministry of Trade, Industry, and Energy on May, 1.
That means that the country’s exports have...
Hyundai strives to promote SUV via BTS endorsement
Corporations always try to distinguish themselves through various marketing tools and celebrity endorsement has been one of the most widely-used choices to raise their awareness in the market.
If celebrities that endorsed a...
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