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Kim Hyo-joon investigated due to engine fire scandal BMW Korea Chairman Kim Hyo-joon has been regarded as one of the most successful CEOs in Korea. He led the company since midway through 2000 and made it the top foreign automotive...

New HR head draws media attention Last month, Korea’s leading e-commerce operator Coupang appointed two more chief executives in addition to existing CEO Kim Bom to bring about the first changes to the firm’s governance system since its foundation in the...

Employees get more than $200,000 on average There is a Korean company where the average employee earns more than $200,000 a year. The name of this firm is Celltrion Healthcare, the distribution arm of Korean pharmaceutical company Celltrion. Market research firm...

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...

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...

iPhone maker settles patent disputes with KAIST As far as patent conflicts are concerned, Apple seems to seek an alternative to litigation, paying licensing fees to patent holders in the United States and Korea. Korea’s Ministry of Trade, Industry and Energy said on...

Creditors to channel $1.4 billion Creditors of Asiana Airlines will funnel around $1.4 billion into the debt-ridden airline company to help it deal with liquidity problems and speed up its sale, the country’s chief economic policymaker said. The state-run Korea Development...

Questions are rising as to whether a Korean online retailer will begin turning profit In a capitalist society, a company exists to make money for its owners, or shareholders. So what if a firm intentionally makes big losses? Will its...

SK, Hanwha may purchase airline firm Which company will take over Asiana Airlines, which is now up for sale after its owner Kumho Asiana Group gave in to the conglomerate’s main creditor, the Korea Development Bank?  On the lips of observers...

Social commerce firm keeps losing money In 2010, a Korean company began a social commerce business here – a big first for the country. The segment looked so promising that a slew of funds invested in the venture. Over the...