Korea’s high inheritance tax come under controversies again
The two daughters of the late Nexon founder Kim Jung-ju paid their inheritance tax with the gaming giant’s shares so that the South Korean government became the firm’s second-largest shareholder.
NXC, the holding...
Kim will promote Korean food giant’s product
South Korean food company Ottogi announced on May 30 that the outfit had tapped actor Kim Woo-bin as a new ads model to promote its instant noodle products.
In a TV commercial, Kim will...
Yuflyma strives to tap into the U.S. market
South Korean pharmaceutical company Celltrion said on May 25 that its Humira biosimilar CT-P17, or Yuflyma, had won the approval of the U.S. Food and Drug Administration (FDA).
Beginning in July, Celltrion plans...
Schwan’s Company strives to take over Nestle
South Korea’s food giant CJ CheilJedang said on May 22 that it had completed the construction of the world’s largest frozen pizza factory in the United States and started full-scale operation.
The Seoul-based company...
Korean ginseng maker will support LPGA player
Korea Ginseng Corporation (KGC) announced on May 22 that the company had signed a sponsorship contract with talented U.S. golfer Andrea Lee.
As one of the most promising female golfers, Lee was the most...
Competition getting stiffer regarding in-cabin air quality
South Korea’s automotive part supplier Hanon Systems said Tuesday that it would come up with an automotive module this year designed to eliminate viruses and odor-causing substances inside the vehicle cabin.
The Daejeon-based corporation,...
Potential of salinity gradient power generation will be demonstrated
Korea Hydro & Nuclear Power (KHNP) announced on May 12 that it had kicked off a project to demonstrate the world’s largest salinity gradient power (SGP) generation.
Toward that end, the Korean...
Korean ginseng maker demonstrates representative products
Korea Ginseng Corporation (KGC) announced on May 11 that it had taken part in the 2023 TFWA World Exhibition & Conference in Singapore this week.
During the five-day event, KGC showcased its signature products with...
Korean government strives to chalk up fast growth in AI
The National Information Society Agency (NIA) announced on April 30 that it would disclose more than 300 artificial intelligence learning data sets at the AI Hub through July.
Together with the...
Korean conglomerate adds weight
South Korea’s defense giant Hanwha Group has acquired Daewoo Shipbuilding & Maritime Engineering (DSME) by receiving approval from the country’s antitrust agency on April 27.
Hanwha Group plans to rebrand the shipbuilder to Hanwha Ocean to become...
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Upbit successfully detects crypto frauds
Korean outfit comes up with advanced anti-fraud system
South Korea’s leading crypto-exchange Upbit announced on Sept. 26 that the outfit had discovered fraudulent exchanges amounting...
