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

German automaker issues apology to Korean motorist Mercedes-Benz Korea came up with an apology on Aug. 5 to a domestic motorist, who had accused the German automaker of selling a submerged vehicle. The outfit promised to offer a new model to...
Participants will delve into gender diversityBen & ESG issues The Korea Network of Women in Finance (KNWF) announced Friday that it would hold an international conference in Seoul next month to delve into such issues as gender diversity and ESG. The...
Korean tobacco firm moves into Center 1 building British American Tobacco has relocated the head office of its Korean unit to downtown Seoul. The outfit has been based in southern Seoul for the past 16 years. BAT Rothmans, the South Korean...
Total investment in United States would amount to $52 billion SK Group Chairman Chey Tae-won has promised to invest an additional $22 billion in the United States, increasing the conglomerate’s total expenditure plan there to $52 billion through 2030 (See...
U.S. President will discuss direct investment U.S. President Joe Biden will have a video conference with SK Group Chairman Chey Tae-won with regards to the group’s investment in the United States, the White House said on July 26. The virtual meeting...
Unionists finish occupation of large-sized oil carrier Contractor unionists of Daewoo Shipbuilding and Marine Engineering (DSME), one of the world’s largest shipbuilders, agreed on July 22 to finish their strike in 51 days (See the Korea News Plus article on...
KDB chief vows to stop financial support Daewoo Shipbuilding and Marine Engineering (DSME) is feared to go bankrupt as its owner Korea Development Bank (KDB) threatens to stop its support amid the prolonged strike. Subcontractors have been on strike for longer...
CJ OliveNetworks will offer consulting services for Incheon Airport South Korean system integrator CJ OliveNetworks said on July 14 that it had agreed to offer consulting services for new projects in Incheon International Airport. Under the contract, the Seoul-based company will...
Semiconductor, battery businesses under threat of supply bottleneck South Korea depends too much on China in its two main businesses of semiconductors and rechargeable batteries, according to the Korea Institute for Industrial Economics and Trade (KIET). KIET researcher Kim Ba-woo made...
World-OKTA joins hands with lawmakers The World Federation of Overseas Korean Traders Association (World-OKTA) held a seminar on July 8 to propose a dedicated organization for overseas Koreans. The event, which took place in the National Assembly, was co-hosted by a...

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