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South Korea’s financial regulator has recommended e-commerce firm Coupang to establish a plan to improve its management for increasing capital, according to industry sources on Sept. 9. "This recomm...
Hyundai Motor Group, South Korea’s top automotive group, said Sept. 9 it plans to enter the renewable energy market along with local solar energy firm OCI. Under the memorandum of understanding, ...
Unionized workers at GM Korea on Sept. 9 staged a full-scale strike for the first time in 22 years as they demand an increase in wages despite warnings from the company’s global headquarters. The...
Hyundai Motor and its affiliate Kia Motors said Sept. 9 they’ve sold more than 44,000 electric vehicles in the first half of the year. South Korea’s two largest carmakers under Hyundai Motor Grou...
South Korean retail giant Shinsegae Group and global coffee chain Starbucks are likely to extend their partnership for another 10 years, industry sources said Sept. 3. Founded in 1999, Starbucks Kor...
Lotte GRS on Sept. 1 announced that it has sold its stake in Burger King Japan to Hong Kong-based global private equity firm Anchor Equity Partners for around 10 billion won ($8.7 million). “We deci...
Private equity firm Unison Capital profited a whopping 279 billion won ($230.53 million) from selling tea franchise Gong Cha Korea, in which it had invested about 71 billion won, according to industr...
Celltrion Group expects to receive approval for biosimilar Remsima SC from European authorities for sales before the end of this year, founder and Chairman Seo Jung-jin said at a bio conference on A...
South Korea’s Boryung Pharmaceutical announced on Aug. 27 it had received approval from the US Food and Drug Administration to start a phase 1 clinical trial of its drug candidate BR2002 The phase 1...
The Korea Exchange, South Korea’s stock market operator, on Aug. 26 announced its decision to delist troubled Kolon Group ’s US gene therapy-developing unit Kolon TissueGene . In late March, a c...
GS Group Chairman Huh Chang-soo called for preemptive measures to respond to the sluggish economy at a strategy meeting held on Aug. 25 and 26. Under the theme “Strategies for Growth in Low-Growth E...
South Korean steelmaker Posco announced on Aug. 25 the launch of its second #SteelSaveEarth campaign starting Aug. 28 to raise awareness on the detrimental effects of single-use plastic waste on the ...
Phillip Morris International on Aug. 21 released a white paper titled “Unsmoke: Clearing the Way for Change,” based on survey results of smokeless products and their impacts on smokers’ lives. “Thes...
To blame or not to blame the performance of South Korea’s power generator on the anti-nuclear power policy? This question has emerged yet again following news of Korea Electric Power Corp.’s quarterl...
Hyundai Motor is poised to join a ride-hailing movement that is taking on a new shape since the government announced a series of measures emphasizing the need to obtain taxi licenses, industry source...
Samsung to ramp up Galaxy Fold production
Woongjin defers final bid for Coway to Oct.
Sae-A to acquire fiberboard maker Tailim Packaging
Video-streaming war heats up in S. Korea
YG faces W6b tax penalty as Burning Sun scandal unfolds
Aveva to upgrade integrated industrial software in digital push
Ghost Kitchen secures additional W9.2b
Medytox invests in US startup LifeSprout
September 19, 2019
