Three Asian tech titans and several other players are striving to take over Nexon, a very successful and highly profitable game developer and publisher, which is up for sale. The three are Tencent from China and Kakao and Netmarble from...
Elliott Management sent two open letters last week to shareholders of Hyundai Motor and Hyundai Mobis to press the two companies to accept its request for a $6.3 billion dividend payout and the appointment of five outside directors it...
US hedge fund Elliott Management keeps pressing Hyundai Motor and its affiliate Hyundai Mobis to pay out more than $6 billion in combined dividends and appoint new board members. The New York-based activist fund is asking the two to fork...
Elliott Management wants Hyundai Motor group to pay out a huge one-off dividend of $6.3 billion and appoint five new directors while Korea’s No. 2 conglomerate is against them. If a majority of shareholders vote for Elliott at the March...
For United Arab Emirates Crown Prince Sheikh Mohammed bin Zayed Al Nahyan, who took a flight to Korea Feb. 26, 2019, business may come first ahead of politics. On the day, Crown Prince of Abu Dhabi visited two separate factories...
Hotel Shilla clinched the honor of Korea’s first hotel to get five stars from Forbes Travel Guide, better known as the “Michelin Guide for hotels.” For the past six decades, it have rated top hotels, spas, restaurants across the world....
The trade union of Daewoo Shipbuilding & Marine Engineering (DSME) has vowed to go all-out to prevent Hyundai Heavy Industries (HHI) from taking over the shipbuilder, whose majority owner and main creditor is the Korea Development Bank (KDB). In January,...
Samsung Electronics introduced a bendable phone, Galaxy Fold, during the “Unpacked” event in San Francisco on Feb. 20, 2019. The Seoul-based company disclosed several innovative devices in the city where its rival Apple used to disclose new iPhone models but...
This is a tablet when unfolded and a smartphone when folded. Samsung Electronics unveiled a foldable smartphone based on 7.3-inch display, dubbed Galaxy Fold, during its “Unpacked” event in San Francisco on Feb. 20, 2019. The innovative device comes with two...
Jumbo group plans to open a seafood restaurant here by establishing a 50-50 joint venture with Korean company TCI. It marks the Singaporean outfit’s first foray into Asia’s No. 4 economy. The first Jumbo outlet in Korea is expected...

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