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Korean Air’s family-controlled management is facing a challenge, as a key shareholder has demanded more outside managers. Private equity firm Korea Corporate Governance Improvement which acquired a ...
Hyundai Motor said on Feb. 1 its sales fell 7.7 percent last month from a year earlier on weak overseas demand. The carmaker sold 313,313 vehicles in January, down from 339,374 units a year earlier,...
Daewoong Pharmaceutical Chairman Jeon Seung-ho on Feb. 1 strongly refuted allegations by its rivals that it stole manufacturing secrets to develop botulinum toxin Nabota. The announcement came after...
[THE INVESTOR] Lotte Confectionery said on Feb. 1 that it has acquired Myanmar’s bakery firm L&M Mayson. The Lotte Group subsidiary has bought 80 percent stake in the company for 77 billion won (US...
[THE INVESTOR] Korean drug maker KyungDong Pharmaceutical said on Feb. 1 that it has invested 1 billion won (US$894,694) in a biotech and health care related startup focused fund led by venture capi...
[THE INVESTOR] Korea’s state pension operator on Feb. 1 decided to actively exercise its shareholders’ right over Hanjin KAL, holding firm of the country’s largest airline Korean Air. The fund m...
[THE INVESTOR] The state-led Korea Development Bank on Jan. 31 announced that it has inked a temporary deal with Korea’s largest shipbuilder Hyundai Heavy Industries to sell off debt-ridden Daewo...
[THE INVESTOR] Korean 3D bio-printer maker Rokit has secured 11 billion won (US$9.89 million) in funding from KB Investment, Korea Development Bank and DAYLI Partners, according to sources on Jan.31...
[THE INVESTOR] SsangYong Motor said on Jan. 31 its net loss narrowed for the October-December period from a year earlier on a strengthened lineup. It’s net loss reached 3.99 billion won (US$3.59 mil...
[THE INVESTOR] SK Corp., the investment holding company of energy and telecom conglomerate SK Group, said on Jan. 30 that it has decided to invest US$100 million in a US-based smart-tinting glass ma...
[THE INVESTOR] Exports of passenger car exports from Korea rose 18.5 percent in the fourth quarter of 2018 from a year earlier due to increased demand in the United States, Russia and Canada, custom...
[THE INVESTOR] Korean pharmaceutical firm Samsung Bioepis saw its accumulated sales in the European market hit US$545.2 million last year, data showed on Jan. 30. Sales of three biosimilar produ...
[THE INVESTOR] Hyundai Motor said on Jan. 30 it has set up a sales subsidiary in China for the sale of its independent Genesis brand luxury vehicles. The move is part of the Korean carmaker’s st...
[THE INVESTOR] Saudi Aramco’s plan to buy into Hyundai Oilbank, a major Korean refiner, seems to be Saudi Arabia’s strategic push to keep the Asian market from the United States and other competitor...
[THE INVESTOR] The heir to Hite Jinro and two other company executives including the CEO will stand trial on charges of arbitrarily making contracts with an affiliate tied to the scion to help boost...
LG Innotek’s next cash cow: Time-of-flight module
Samsung’s cash reserves top W100tr
Kim Jong-un unlikely to tour Samsung’s Vietnamese smartphone factory: sources
LG all out to regain market share with upcoming G8, V50
LG CNS, AWS to accelerate corporate data migration to cloud
Chiefs of Korea’s top 10 conglomerates to reap record high dividends for 2018
Koreans use nearly W8tr at convenience stores on credit cards
Hyundai reaches tentative settlement in US class-action suit over ‘exploding’ sunroofs
February 19, 2019
