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

Korean outfit inks fourth-stage development contract The Korea National Railway (KNR) announced on May 31 that the South Korean outfit had inked a memorandum of understanding (MOU) with PT MRT Jakarta. Under the agreement, the KNR-headed consortium would work on the...
Korean Army stages six-week-long trial South Korean defense company Hanwha Defense announced on May 29 that its Redback infantry fighting vehicle (IFV) had demonstrated performances during a media invitation event held two days earlier. The Seoul-based company said that the event...
Delegates from 18 countries take part in ceremony Representatives from 18 countries congratulated on the launch of the Global Hydrogen Industrial Association Alliance (GHIAA), which took place in Seoul on May 25. The followings are the remarks from 11 representatives...
Moon Jae-do will lead GHIAA as an inaugural head Representatives from a total of 18 countries got together on May 25 to debut a global organization grouping hydrogen-associated outfits so as to establish a new ecosystem focusing on hydrogen. South Korea’s...
World’s first adjustable automotive display will come to town Hyundai Mobis announced on May 22 that the company had developed the world’s first adjustable display technology for automotive cockpit systems. The Seoul-based auto part manufacturer said that it had adopted a...
Asia’s first facility for special virtual effects to be built The South Korean government held an event on May 20 to announce a $100 million investment of a Netflix subsidiary, dubbed Scanline VFX, in the Asian country over the next...
66 people picked out of 6,000-plus candidates South Korean food company Ottogi said on May 18 that it had held a ceremony offering awards to those who came up with moving stories about food. The Seoul-based outfit launched an event accepting...
Kolmar follows suit of Fila, MCM Kolmar Korea, the country’s cosmetic contract manufacturer, announced on May 17 that it had taken over the global trademark rights to the Kolmar brand. Kolmar USA was established in 1921 to become a powerhouse in...
Korean system integrator joins hands with Dutch logistics tech firm South Korea’s top-tier system integrator CJ OliveNetworks has signed a partnership with Dutch logistics technology giant Vanderlande to strengthen its logistics automation businesses. Over the past two decades, CJ OliveNetworks has...
Mid-sized conglomerate to gobble up struggling SUV maker South Korea’s automaker SsangYong Motor, which is owned by India’s Mahindra & Mahindra, announced on May 13 that a consortium led by KG Group had been picked to purchase the cash-strapped company. The...

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