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Thursday, October 28, 2021
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This is where you can find latest news about Korean business conglomerates.

Online retailer is expected to find new owner It seems that eBay Korea has prepared for a sell-off as the U.S.-based online retailer is reportedly set to sell its Korean subsidiary in the not-so-distant future. A source familiar with the issue...
India-owned Korean automaker fails to pay debt SsangYong Motor filed for court receivership early this week as the beleaguered company struggles to pay off its mounting debts. India’s Mahindra & Mahindra owns the Korean automaker. Last week, the troubled carmaker could not pay $55...
New product vies to offer wrinkle improvement & whitening features South Korea’s first-tier cosmetics maker Able C&C, which owns such brands as Missha, has disclosed an oil-free hydrating ampoule aimed at offering two features of wrinkle improvement and whitening at...
Workday-names-AP-chief

Workday names AP chief

David Webster to take charge of AP, Japan Workday, a top-tier provider of enterprise cloud applications for human resources and finance, has named David Webster as chief of its operation in Asia Pacific and Japan. The new CEO will take charge...
Cleantopia-taps-new-CEO

Cleantopia taps new CEO

Byun taking charge of Korea's top laundry franchise Cleantopia, South Korea’s foremost laundry franchise, announced this week that it had named marketing expert Byun Sung-hyun as its new chief executive. The appointment came on the heels of the ownership change of...
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...
Japanese apparel maker shuts down shops in downtown Seoul Uniqlo is closing down stores in Seoul, which leads to speculation that the Japanese clothing retailer reduces its operation in Korea amid Korean consumers’ boycott of made-in-Japan products. Uniqlo recently said that...
Merck, IKEA try to become responsible corporate citizen Foreign companies in South Korea are sometimes regarded as entities seeking only higher bottom lines. But many are trying to become responsible corporate citizens here, as amply demonstrated by Merck and IKEA. Their...
Concerns rise on future of acquisition contract Concern is rising as to whether Hyundai Heavy Industries (HHI) will be able to finish its acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) faced with the all-out opposition of its union members...
Tech giant comes up with high-performance solvents for photoresist removal The world wants more electronic devices for smartphones, gaming, home entertainment, and automotive applications, which leads to a growing demand for semiconductors. Along the same line, the chip industries require more...

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World’s largest hydrogen fuel cell power plant

KOSPO has completed big-sized fuel cell power plant at west of Seoul On Oct. 26, Korea Southern Power (KOSPO) celebrated the completion of the world’s...

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