Business

New platform strives to bridge foreign and Korean entrepreneurs A unique business platform is set to kick off in Korea later this month to bridge foreign and Korean entrepreneurs, according to the Global Business Alliance (GBA) on Nov. 18. The grand...

Vision Fund troubles feared to spill over to Korean e-commerce giant During the third quarter of last year, SoftBank Group chalked up around $6.5 billion in profit based on stellar performances of its giant Vision Fund, which invested in various...

Osiris web browser creator expects success on global exchange Decenternet, which developed a net-neutral browser dubbed Osiris, has joined hands with BW Exchange to be listed on the global exchange later this month. The company, which also recently came up with...

3Q profit plunges amid weak demand for chips Samsung Electronics saw its bottom line more than halve during the July-September period from a year ago due to the struggling memory chip market, which shows no signs of rebounding. The Seoul-based outfit...

Korean builder faces criticism across the board Daewoo Engineering & Construction (E&C) is one of the largest builders in Korea. But the Seoul-based outfit does not seem to live up to its reputation as a business bellwether. Lawmakers recently cried foul...

SK accuses LG of reneging on 2014 patent deal SK Innovation renewed its claim that LG Chem reneged on a patent deal between the two rechargeable battery makers, which are stuck in lawsuits in the United States and Korea. This time...

World's top cosmetics retailer opens first store here Sephora, the world’s largest cosmetics retailer, has opened its first store in Korea this week. Hereafter, the business bellwether plans to launch more than 10 shops here over the next three years. The...

Korea's state-backed outfit erroneously announce candidate list of new recruits If you are business partners of Korea Trade-Investment Promotion Agency (KOTRA), you may have to rethink what the state-backed outfit officially announces. Last week, KOTRA disclosed 159 finalists who are supposed...

Kim spreads K-pop, K-food, K-beauty across Asia No matter what it is related to Korea, ask him. He has pulled out all the stops to spread the Korean Wave, otherwise known as “Hallyu,” across Asia for the past two decades. He...

David Webster to take charge of AP, Japan Workday, a top-tier provider of enterprise cloud applications for human resources and finance, has named David Webster as chief of its operation in Asia Pacific and Japan. The new CEO will take charge...