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Wednesday, March 29, 2023

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

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...
SK, Hanwha may purchase airline firm Which company will take over Asiana Airlines, which is now up for sale after its owner Kumho Asiana Group gave in to the conglomerate’s main creditor, the Korea Development Bank?  On the lips of observers...
Social commerce firm keeps losing money In 2010, a Korean company began a social commerce business here – a big first for the country. The segment looked so promising that a slew of funds invested in the venture. Over the...
Auto parts maker strives to top $450 mil. in profits In the past, Hanon Systems was a Korean auto parts supplier that relied almost entirely on Hyundai Motor and Kia Motors, the country’s two leading automobile makers. But the Daejeon-based company...
Preferred bidder to be announced soon Liberty Media, which owns Major League Baseball team Atlanta Braves, tried to purchase Korea’s game publisher Nexon, which is currently up for sale, according to a local media outlet. Sources in the investment banking industry...
Korea's No. 3 refinery pays highest salaries despite profit dip Koreans tend to call well-paying jobs “workplaces even gods would envy.” If gods do envy any good jobs, they would want to work at S-Oil, Korea’s third-largest oil refinery. According to...
Korea's top carrier to stop serving peanuts It seems that not a single day goes by without Korean Air making headlines. This time around, it is about peanuts, with which the country’s flag carrier has some history. The Seoul-based company announced...

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BAT-design-chief-focuses-on-portability-of-new-products

BAT design chief focuses on portability of new products

Ken Kim shares success story of glo Hyper X2 A senior official of BAT said on March 28 that the huge success of gloTM hyper X2...