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Korean battery manufacturers warned of punitive damage suits South Korean battery maker Samsung SDI will be subject to a punitive damage suit in the United States this year, and its local rival LG Energy Solutions is also feared to face...
Court sentences Lee Jae-yong to 30 months in prison Samsung Electronics Vice Chairman Lee Jae-yong, who is de facto chief of the Samsung Group, was jailed for bribery on Jan. 18 for the second time in his life. The Seoul High...
Korea's tech giant’s operating profit jumps 30% despite COVID-19 Throughout last year, so many corporations across the world struggled to find their feet because of the economic downturn spawned by the virus outbreak. That is not the case for all companies,...
Samsung heirs should take big tax burden Samsung Electronics Vice Chairman Lee Jae-yong and other Samsung heirs have to pay more than $10 billion in the inheritance tax, according to the CXO Institute this week. The Korean business tracker said that...
New smartphone will be launched next month Samsung Electronics is expected to disclose its flagship smartphone, the Galaxy S21, next month, possibly with a stylus, according to the firm’s mobile division leader President Roh Tae-moon, who leads the smartphone division, also...
Biopharmaceutical giant to focus on CDO business Samsung BioLogics, a biopharmaceutical affiliate of South Korean conglomerate Samsung Group, launched its first overseas research and development center in San Francisco on Oct. 29. The Incheon-based outfit, west of Seoul, said that the...
Korean conglomerate becomes world's top 5 brand No other Korean countries have achieved the exploit _ Samsung has become one of the best five brands in the world, according to a recent announcement of U.S. consultancy Interbrand. Samsung’s value was...
Virus pandemic does not chip away at bottom lines of big firms Due to the virus pandemic this year, most South Korean companies are struggling to find their feet because consumers are less ready to spend. But not all players...
Korean bio company signs $331 million deal Samsung BioLogics said on September 22 that the South Korean firm had signed a contract manufacturing organization (CMO) deal with Astra Zeneca, which is valued at least $330.8 million. Samsung said that the contract...
Leading amusement park tries to offer differentiated services Located in Yongin, approximately 40 kilometers southeast of Seoul, Everland is the biggest amusement park of the nation. Its best-known attraction would be Caribbean Bay and Safari World, to name but a...

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SK Innovation and LG Energy Solution find happy medium

Two Korean battery makers make last-ditch settlement LG Energy Solution and SK Innovation managed to avoid the worst-case scenario as two South Korean battery makers...

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