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Wednesday, April 8, 2020
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This is where you can find latest news about Korean business conglomerates.

Lotte Department Store, South Korea’s business bellwether, announced Thursday that its sales turned around in March as the new cases of the novel COVID-19 coronavirus stabilized. The Seoul-based outfit saw its turnover jump 30.9 percent during the first week of...
Early on Wednesday morning, people’s eyes were all on a criminal suspect who was accused of blackmailing some 70 women, including minors, into creating illegal sexual videos. Police officers escorted the 24-year-old man named Cho Joo-bin to the prosecutor’s office,...
Oriental Brewery, unit of AB InBev, faces backlash due to its caricature Oriental Brewery (OB), the South Korean unit of global giant AB InBev, comes under criticism for its caricature of showing joke about wearing masks amid the virus threat. Late...
Top-tier cosmetics maker taps Cho as new CEO Able C&C, which owns well-known South Korea cosmetics brand Missha, tapped a “marketing wizard” as its new chief executive officer, the company recently announced. The Seoul-based company named Cho Jeong-yeol, who previously headed...
The popularity of Oscar-winning film "Parasite" seems to beat the virus threat as a noodle dish featured in the movie, called Jjapaguri, continues to draw consumers from across the world. As the instant dish, which was translated as “ram-don” in...
Sibling feuds continue ahead of shareholders' meeting on March 27 Hanjin Group has been stuck in a controversy that the top management of its flagship unit Korean Air received kickbacks from European aircraft maker Airbus. A shareholder alliance, which strives to...
Why online retailer changed corporate format eBay Korea changed its company format last year, which resulted in criticisms that it tried not to disclose its financial statements after paying big dividends to its owner of eBay in the United States. Back...
Joint venture recognized by Gyeonggi Province Assembly Shinsegae Simon, which runs four outlet stores across South Korea, was recognized for its contribution to the regional society by the Gyeonggi Province Assembly. Shinsegae Simon said on February 3 that the Gyeonggi assembly...
Shareholders' meeting slated for March 27 The three-way coalition headed by Hanjin Group heiress Cho Hyun-ah presses Delta Air Lines not to side with the current Hanjin management led by Chairman Cho Won-tae during the upcoming shareholders’ meeting. In a press...
Korean outfit partners with Dubai-based Alokozay International KT&G, South Korea’s largest tobacco maker, has signed a mega-sized contract with Alokozay International Limited, whose size is expected to be around $2 billion. The Seoul-based outfit said on February 27 that the two...

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NH Securities releases The100 Magazine

Brokerage house offers valuable information to investors NH Investment & Securities said on April 6 that it had released the 53rd edition of The100 Magazine...

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