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Friday, August 12, 2022

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

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...
Hyundai decides to downsize Beijing plants China was once the land of milk and honey for Korean companies, which briskly made inroads into the world’s most populous country and chalked up handsome profits. However, the promising territory has turned into a...
The grandson of Nongshim Chairman Shin Chun-ho will join the country’s leading maker of instant noodles, or ramyeon, the Seoul-based company confirmed on March 9. Nongshim said that Shin Sang-yeol, who graduated from Columbia University and worked as an intern...
Out of almost 10 contenders seeking to acquire Korean game publisher Nexon, five have seemingly made it to the next round. Citing investment banking sources, Korean media outlets reported that five had been shortlisted. They include Tencent, Kakao, MBK Partners...
Seoul Motor Show is Korea’s largest automotive fair but compared to prestigious global events in Geneva, Frankfurt and Detroit, it has been regarded as second tier. In particular, criticism ran deep this year as a number of foreign brands...
Comcast Corporation, the No. 2 broadcasting and cable TV company in the world, keeps an eye on Korea to find new revenue sources. The Philadelphia-based cable giant reportedly took part in the heated competition to acquire Nexon, a highly successful...

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