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Thursday, December 9, 2021

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

NPS flexes muscle in shareholders' meetings After Hanjin Chairman Cho Yang-ho was ousted from the board of the group’s top affiliate Korean Air, watchers come up with analysis on who is the next victim of the National Pension Service (NPS). The...
Hanjin chief shot himself in the foot Hanjin Chairman Cho Yang-ho was kicked out of the boardroom of the group’s flagship unit Korean Air on March 27 as shareholders voted against his re-appointment as director. At their meeting, 64.09 percent of...
Shareholders vote against Cho's re-appointment Scandal-hit Hanjin Group Chairman Cho Yang-ho was forced off the boardroom of the group’s iconic subsidiary Korean Air as the company’s shareholders voted against his re-appointment as director on March 27. In a proxy war involving...
Korean snack maker lays eyes on eastern region Nongshim keeps searching for the place to build its second factory in the United States. Korea’s top snack maker plans to spend some $100 million to set up a new factory targeting...
282 evacuated; no injuries reported A fire at a luxury hotel west of Seoul sent hundreds of guests escaping from the building in a panic on March 24 afternoon. No casualties were reported, though. The fire took place at 3:16 p.m....
Shinsegae's boutique hotel fails to impress Shinsegae Group Vice Chairman Chung Yong-jin has proven his ability as a business leader - he brought Starbucks to Korea and established the mega-sized Starfield shopping malls in Seoul and the surrounding area. Last...
Still, honesty is the best policy From last year, the sale of Oriental Brewery (OB) has been on the lips of observers and journalists. Of note is how OB and owner AB InBev have dealt with the reports. The Korea...
Youtube takes on Naver in search For Koreans, Naver was about search while Youtube was about video clips over the past decade; but that dichotomy is seemingly starting to change. The former has dominated the country in the search business. It...
Last year, declining crude oil prices substantially chipped away at the bottom lines of Korean refineries with most of them seeing their profits plunge more than 30 percent. In particular, Korea's No. 3 player S-Oil suffered the worst downturn as...
The Korean automotive industry faces a life-or-death crisis as all of the nation’s five players are suffering from big problems with no light visible at the end of a long, dark tunnel. The country’s two biggest automakers of Hyundai...

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Korean outfit offers beta services midway through Dec. Popsline, a South Korean company specializing in extended reality (XR), announced on Dec. 8 that it had...

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