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Sunday, November 27, 2022

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

E-commerce operators keep splurging despite snowballing deficits In the classic game of chicken, two cars drive straight to each other. As the loss of swerving is trivial compared to the crash if nobody swerves, the rational option is to swerve...
Korean biosimilar maker promises to invest $34 billion Celltrion, a Korean biosimiar manufacturer, strives to surpass U.S. juggernaut Pfizer by 2030, according to the former’s Chairman Seo Jung-jin on May 16. Toward that end, Seo said that the Incheon-based company will...
Kim Hyo-joon investigated due to engine fire scandal BMW Korea Chairman Kim Hyo-joon has been regarded as one of the most successful CEOs in Korea. He led the company since midway through 2000 and made it the top foreign automotive...
New HR head draws media attention Last month, Korea’s leading e-commerce operator Coupang appointed two more chief executives in addition to existing CEO Kim Bom to bring about the first changes to the firm’s governance system since its foundation in the...
Employees get more than $200,000 on average There is a Korean company where the average employee earns more than $200,000 a year. The name of this firm is Celltrion Healthcare, the distribution arm of Korean pharmaceutical company Celltrion. Market research firm...
Korean outfit gains U.S. approval A company with annual sales of around $1 billion can double in size every year? Most investors would be skeptical, but that’s what one of Korea’s biggest firms Celltrion tries to do. During the shareholders’ meeting...
2nd-round lawsuit between two battery giants starts in US LG Chem, one of the world’s top battery suppliers for electric cars, brought its cross-city rival SK Innovation to a U.S. court, claiming theft of its trade secrets. LG Chem said that...
KAIST-beats-Apple

KAIST beats Apple

iPhone maker settles patent disputes with KAIST As far as patent conflicts are concerned, Apple seems to seek an alternative to litigation, paying licensing fees to patent holders in the United States and Korea. Korea’s Ministry of Trade, Industry and Energy said on...
Creditors to channel $1.4 billion Creditors of Asiana Airlines will funnel around $1.4 billion into the debt-ridden airline company to help it deal with liquidity problems and speed up its sale, the country’s chief economic policymaker said. The state-run Korea Development...
Questions are rising as to whether a Korean online retailer will begin turning profit In a capitalist society, a company exists to make money for its owners, or shareholders. So what if a firm intentionally makes big losses? Will its...

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