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

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...
As far as ABB Korea is concerned, one bad apple is feared to ruin the whole bunch. In late February 2019, Korea’s financial regulator penalized ABB Korea, the Seoul-based unit of Swiss-Swedish multinational ABB, for improper accounting practices together...
City officials keep an eye on Philip Morris Korea Plant Months after Philip Morris Korea, which is headed by Chong Il-woo, was fined for discharging wastewater from its plant in Yangsan, the investigation on the case is still underway. A Yangsan...
Koreans-target-Uniqlo

Koreans target Uniqlo

Netizens keep criticizing Japanese casual wear maker In Korea, people are canceling their trips to Japan and boycotting Japanese products ranging from cigarettes, beers, pens, cameras, and movies to automobiles. The nationwide boycott of made-in-Japan products and services started early this...
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...
Chairman Lee Kun-hee loses $3.8 billion in a year The lingering slump in the global semiconductor business chipped away at the fortune of Samsung Group Chairman Lee Kun-hee by $3.8 billion over the past year. However, his net worth of $16.8...
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...
Last week, the press release that LG Uplus had snapped up CJ HelloVision would have irritated many parties concerned _ especially competitors such as SK Telecom and KT. But the owners of D’Live are probably happy with the deal because...
Clothing retailer sees its July sales dip 26% Uniqlo Korea issued an official apology in its Web site on July 22, but Koreans show no signs of wrapping up their boycott of Japan’s largest clothing brand. In fact, a mounting number...
Ice cream brand did not donate at all over the past 3 years On the September 11th episode of “Nego King,” a YouTube program made by Korean entertainer Hwang Kwang-hee, attracted so many fans thanks to Hwang’s successful “negotiation.” Hwang met...

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