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[THE INVESTOR] Lotte Group Founder Shin Kyuk-ho has sold off his entire 3.44 percent stake in Daelim Industrial worth 91.3 billion won (US$101.94 million), according to industry sources on Aug. 9. ...
[THE INVESTOR] Korean food company Dongwon F&B on Aug. 9 announced that it will cooperate with Thailand-based Charoen Pokphand Foods to expand its presence in the Southeast Asian market. According ...
[THE INVESTOR] Lotte Tour Development said on Aug. 9 it will hold a series of investor relations sessions next week in a bid to attract more investment for its resort construction on the country‘s s...
[THE INVESTOR] Two BMW vehicles running on separate regional highways caught fire on Aug. 9, adding to a string of similar cases that has prompted a government probe and an apology by the local unit...
[THE INVESTOR] Hyundai Motor said on Aug. 9 it will stop production of diesel versions of four car models due to weak sales. The diesel models of the midsize Sonata, compact i30, full-size Grand...
[THE INVESTOR] Hyundai Motor’s Sonata passenger sedan hasn’t been able to reclaim the top position, losing out to the carmaker’s SUV and luxury sedan, sales records showed on Aug. 9. Data from H...
[THE INVESTOR] A group of BMW owners will file a complaint with police this week seeking a criminal investigation into top officials at the local unit of the German carmaker over a recent series of ...
[THE INVESTOR] Samsung Group Vice Chairman Lee Jae-yong told top government officials on Aug. 6 that he is willing to get the biopharmaceutical business back on track amid the prosecution’s ongoing ...
[THE INVESTOR] Korean entertainment giant CJ ENM is considering selling its stake in Studio Dragon, according to industry sources on Aug. 8. “We are considering how we can utilize our stake in Stud...
[THE INVESTOR] SPC Group announced on Aug. 7 that it is sacking Vice President Hur Hee-soo, who is also Chairman Hur Young-in’s son, after he was arrested for allegedly smuggling and smoking liquid ...
[THE INVESTOR] Asiana Airlines said on Aug. 8 it swung to a net loss in the first half as a strong won drove up currency losses and fuel costs. Asiana reported it was in the red by 54.8 billion ...
[THE INVESTOR] Pizza Hut Korea said on Aug. 8 it has launched a test operation of a robot to serve food to customers as the company moves to strengthen its competitiveness with cutting-edge technolo...
[THE INVESTOR] Celltrion said on Aug. 7 that it has submitted an application to UK health regulators to initiate phase 1 clinical trials of CT-P17, its copy version of the world’s top selling drug ...
[THE INVESTOR] Kurly, operator of popular grocery delivery service Market Kurly, will receive funds worth around 50 billion won (US$44.46 million) from a consortium led by Sequoia Capital and DST Gl...
[THE INVESTOR] Bukwang Pharmaceutical said on Aug. 7 that it has completed patient enrollment for phase 2b clinical trials of its type 2 diabetes drug candidate MLR-1023. The drug maker said it ex...
Samsung butts heads with LG in clothing care system market
31 largest groups account for 66% of exports
Daewoong’s Nabota gets sales approval in Canada
Mirae Asset Daewoo invests W110b in Four Seasons hotel in Hawaii
WeWork gobbles up office leases in Seoul
Samsung Display creates TF for foldable display
Smart hearing aid startup Olive Union raises W500m funds
Foldable patent applications on rise in Korea
August 20, 2018
