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Hanjin Group’s move to accept some proposals of activist shareholders appears to be lifting market confidence. It has announced a series of measures to improve its business and management -- a move ...
One of Korea’s oldest iconic footwear maker Hwaseung has filed for court receivership at Seoul Bankruptcy Court, according to industry sources on Feb. 7. The court on Feb. 1 ordered the automatic st...
[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 cosmetics startup Memebox announced on Jan. 25 that it has secured series D funding worth US$35 million from Johnson & Johnson Development Corp., venture capital unit of the mu...
[THE INVESTOR] The Face Shop, a wholly owned cosmetics unit of LG Household & Health Care, has signed a deal to acquire a plant in China from Avon Products for 79.3 billion won (US$70.56 million), i...
[THE INVESTOR] Korean massage chair maker Bodyfriend on Jan. 7 launched a new model HighKey, which mainly targets 8 to 19 year old kids who are around 120 to 170 centimeters tall. “We aim to sell 1...
[THE INVESTOR] Korean e-commerce company Coupang said on Jan. 4 that it had become an authorized online reseller of Apple products. Apple products such as the iPad Pro, new MacBook models and the A...
[THE INVESTOR] More than 60 percent of outlets operated by two leading fast food restaurants, McDonald’s and Lotteria, have electronic kiosks, industry officials said on Jan. 3. A total of 825 o...
[THE INVESTOR] Cash-strapped E-Land Group has redeemed all its loans from Anchor Equity Partners and Meritz Financial Group, according to industry sources on Jan. 2. Anchor Equity Partners had esta...
[THE INVESTOR] Korea will ban supermarkets and retailers nationwide from using disposable plastic bags from January, government officials said on Dec. 31. The ban will come into effect as part o...
[THE INVESTOR] KT&G said on Dec. 28 that its cosmetics unit Cosmocos is seeking to tap the US market by opening more shops in New York. Cosmocos, formally Somang Cosmetics, was acquired by the Kor...
[THE INVESTOR] Korean food-to-entertainment conglomerate CJ Group Chairman Lee Jay-hyun urged CJ retailers to work aggressively to expand their business globally, reiterating the corporate vision of...
[THE INVESTOR] South Korean cosmetics giant Amorepacific’s organic skincare brand Innisfree opened a new store in Melbourne, the third of its kind in Australia. It comes six months after the compan...
[THE INVESTOR] Lee Seo-hyun, president of Samsung C&T ’s fashion division, is likely to step down from her post in an annual year-end reshuffle scheduled for this week, according to news reports o...
[THE INVESTOR] Korea-based IMM Investment and JKL Partners are set to acquire GS ITM, a subsidiary of GS Group, according to industry sources on Dec. 12. The consortium has signed an agreement to b...
Hana Financial partners with SK Telecom and Kiwoom Securities for internet-only bank
CJ ENM denies Netmarble’s US$2b stake sell-off rumors
JW Life Science to giveW8b dividends
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
February 19, 2019
