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Sunday, September 25, 2022

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

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...
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...

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