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Saturday, January 23, 2021
Korea’s military giant cooperating with Danish behemoth Hanwha Defense, South Korea’s top-tier military company, has teamed up with Danfoss, a Danish multinational company that offers products in infrastructure, food supply, energy efficiency, and climate-friendly solutions. Hanwha announced on January 14 that...
Korean military powerhouse competes in Australia in IFV project Hanwha Defense said on Jan. 12 that the company’s fifth-generation infantry fighting vehicles (IFV), dubbed the "Redback," was launched in Australia before delivery for military tests there. The Redback is competing to...
Korea's tech giant’s operating profit jumps 30% despite COVID-19 Throughout last year, so many corporations across the world struggled to find their feet because of the economic downturn spawned by the virus outbreak. That is not the case for all companies,...
Korean automaker may benefit from collaboration with Apple The share price of Hyundai Motor surged more than 19 percent on January 8, the highest daily gain of the South Korean automaker in its 53-year history. Hyundai’s sister companies, including Kia Motors,...
Online retailer is expected to find new owner It seems that eBay Korea has prepared for a sell-off as the U.S.-based online retailer is reportedly set to sell its Korean subsidiary in the not-so-distant future. A source familiar with the issue...
Korean cosmetics company comes up with online chatting service in virus era Able C&C, which operates the Missha brand, has recently come up with a beauty counseling service, dubbed “Beauty Talk,” to meet the customer needs amid the virus outbreak. Through...
German company urged to give up Yogiyo ownership to purchase Baedal Minjok Germany’s Delivery Hero won conditional approval on Dec. 28 to purchase Korea’s leading food delivery app, Baedal Minjok of Woowa Brothers, from Korea’s Fair Trade Commission. Delivery Hero will...
Samsung heirs should take big tax burden Samsung Electronics Vice Chairman Lee Jae-yong and other Samsung heirs have to pay more than $10 billion in the inheritance tax, according to the CXO Institute this week. The Korean business tracker said that...
India-owned Korean automaker fails to pay debt SsangYong Motor filed for court receivership early this week as the beleaguered company struggles to pay off its mounting debts. India’s Mahindra & Mahindra owns the Korean automaker. Last week, the troubled carmaker could not pay $55...
Swedish furnish brand needs to listen to voices of unionists The labor union of IKEA Korea held a press meeting on Dec. 17 at the retailer’s store south of Seoul to announce its plan to go on a four-day strike...

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