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Wednesday, January 20, 2021
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This is where you can find latest news about Korean business conglomerates.

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...
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...
800 unionists are expected to join collective action The labor union of IKEA Korea announced that it is scheduled to go on a four-day strike beginning on Dec. 24 to protest against low wages and arbitrary working hours. Union leaders recently...
Korean liquor company signs contract with Baron Philippe de Rothschild Interliquor said on Dec. 14 that the Korean firm had struck an exclusive deal with France’s Baron Philippe de Rothschild to import Mouton Cadet, the representative Bordeaux wine brand. The Seoul-based...
Shinhan Financial receives Leadership A for 7 straight years The Carbon Disclosure Project (CDP) recently disclosed that a total of nine Korean companies had won the top grade in efforts to tackle climate change _ the “Leadership A” prize. Included in...
KCCI hosts online forum for cooperation of two neighboring countries The Korea Chamber of Commerce and Industry (KCCI) and the Ministry of Trade, Industry and Energy held a forum earlier this week in Seoul for businesspeople in Korea and China. The...
Harim chief expected to take part in the Jan. 20 event The general expectations have been that tycoons from Samsung or Hyundai will be invited to the inauguration ceremony of U.S. President-elect Joe Biden on Jan. 20. But they have yet...
Uniqlo may have to pay up to $10 million Young Square, a department store in Daegu, brought FRL Korea to the court early this year, claiming that the clothing retail company failed to keep a long-term rent contract. FRL Korea, which...

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