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

Kim Sung-joo still works as chief visionary officer Just a few years ago, Sungjoo Group owner Kim Sung-joo was a regular in the media as chief of the fashion group, which encompasses the MCM brand, and also as head of...
Private equity fund strives to exit outdoor apparel maker As far as investing is concerned, even most seasoned professionals are bound to make mistakes. And Korea’s most prominent investors of MBK Partners seems to be no exception. Although the country’s largest...
Korean steelmaker unlikely to shell out big bucks in India The Indian government keeps asking Korea’s leading steelmaker POSCO to build an integrated steel plant there. In response, POSCO executives recently met with Indian officials. POSCO claims that it has...
Political dispute may affect M&A deal Earlier this year, Hyundai Heavy Industries (HHI) agreed to buy a 55.7-percent stake in Daewoo Shipbuilding & Marine Engineering (DSME) at $1.7 billion from the Korea Development Bank. The deal involving the world’s two largest...
Can Korean private equity fund sell cable TV operator? MBK Partners is the biggest private equity fund in Korea by any measure. Since its establishment in 2005, the Seoul-based fund has racked up handsome profits through a series of high-profile...
Able C&C speeds up overseas expansion South Korean cosmetics brand Missha has opened a fourth and fifth Belarusian store as part of its efforts to proactively tap into overseas markets. Able C&C, the cosmetics maker that owns Missha, said July 3...
KCGI warns U.S. airline firm against cooperation with Hanjin chief A Korean activist fund requires Delta Air Lines to clarify why the latter recently purchased a stake in Hanjin KAL, the holding company of the country’s flag carrier Korean Air. In...
Able C&C launches new brand, multi-shop Korea’s top-tier cosmetics maker Able C&C, which owns the Missha brand, strives to expand its business horizon by launching a premium brand and open multi-shops. Last month, the Seoul-based company introduced its new premium...
Korean group strives to expand 25 times in US in 10 years On June 30, U.S. President Donald Trump met with South Korean business leaders before heading toward the Demilitarized Zone (DMZ) for a historic meeting with heads of the...
Solar-cell maker recognized for 4 straight years Hanwha Q CELLS, a top-tier manufacturer of solar cell and module manufacturers in the world, was recognized thanks to its product quality and reliability by an authoritative testing lab. PV Evolution Labs (PVEL), one...

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Hyundai develops world’s 1st ASC tech

Automaker tries to preempt competition for hybrid vehicles Hyundai Motor said July 19 that it has developed the world’s first Active Shift Control (ASC) transmission...

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