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

Korean pharmaceutical firm joins competition to market pandemic treatment South Korea’s pharmaceutical company Celltrion announced on June 14 that its COVD-19 treatment, called Rekirona, was safe and efficient in dealing with the virus pandemic at its phase-three clinical tests. The company...
Investors from UAE, China show interest Daewoo Group was once one of the biggest conglomerates in Korea. But the traces of the now-defunct group are hard to find, with the sole exception of Daewoo Engineering & Construction (E&C). In fact, Daewoo...
KCCI encourages people to join national campaign The Korea Chamber of Commerce and Industry (KCCI) announced on June 7 its plan to carry out a nationwide campaign of encouraging people to come up with ideas to make a better country. KCCI...
Coffee chain operator opts not to go public A South Korean coffee chain operator, A Twosome Place, opted not to go public as brokerages’ valuation fell far short of its original expectation, according to a source familiar with the source...
Convenient store chief demoted amid controversies GS Retail said on May 31 that the operator of the country’s leading convenience store chain GS25 had punished employees responsible for a poster accused of offending men. GS Retail operates a set of businesses....
UK’s tilt to Indo-Pacific offers ‘golden opportunity’ for London-Seoul defence ties The United Kingdom’s latest defence review sends a clear signal of post-Brexit Britain’s re-commitment to Indo-Pacific security, a move in recognition of the growing economic and geopolitical importance held...
SK Innovation will join hands with Ford South Korea’s battery manufacturer SK Innovation said on May 21 that it will team up with U.S. automaker Ford to set up a joint venture and build a battery factory for electric vehicles. Toward...
Korean shipper chalks up highest quarterly profit South Korea’s flagship carrier HMM racked up a record profit during the first quarter of this year as the cargo demand continues to outstrip supply across the world amid the virus pandemic. The Seoul-based...
US automaker cries foul at continued exit ban General Motors (GM) Korea announced on May 10 that it would bring the prosecution to the court due to the continued exit ban on its CEO Kaher Kazem despite the recent ruling...
Recently, portable-pouch products gain popularity Korea ginseng is a medicinal hub used to treat various diseases. And fresh ginseng plants are processed to the world-famous red ginseng, which is abundant with saponin. The Korea Ginseng Corporation (KGC), which churns out Korea’s...

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