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South Korea’s trading company SK Networks said Sept. 24 its board has agreed to hand over the car rental operation to its affiliate AJ Rent a Car in exchange for 21.99 percent shares worth 162.5 ...
Philip Morris Korea announced on Sept. 19 that it has launched a new website for users of its heat-not-burn device IQOS. “We launched the website for customers who need quick service anytime, anywhe...
Cash-strapped Woongjin, which recently decided to resell its stake in water purifier rental firm Woongjin Coway, has once again delayed its schedule for the final bid, according to sources on Sept. 1...
South Korea’s tax agency has decided to levy tax penalties of 6 billion won ($5.04 million) on troubled YG Entertainment, according to industry sources on Sept. 17. The decision by the National Tax ...
South Korean shared kitchen startup Ghost Kitchen announced on Sept. 16 that it has secured additional funds worth 9.2 billion won. Its existing investors including startup accelerator Schmidt and s...
KT&G, South Korea’s dominant tobacco company, on Sept. 16 announced that it has launched new tobacco sticks MIIX Classy for its heat-not-burn device lil Hybrid. The tobacco maker emphasized that cus...
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...
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...
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...
Korea Kolmar has established a new unit in Vietnam recently, according to sources on Aug.19. The Korean cosmetics maker injected around 10 million won ($8,260) in Hankol Healthcare Vina and plans to...
South Korean cosmetics company Mediheal on Aug. 15 launched its “Love Me” sheet mask set in the US via cosmetics retailer BeautyTap. Love me is the result of a collaboration with popular boy band BTS...
Cosmetics equipment manufacturer Cosmax announced Aug. 14 that it will sell its private brand products at L’etoile’s stores in Russia. L’etoile is the top cosmetics retailer in Russia with more than...
Japanese cosmetics brand DHC found itself at the center of controversy in South Korea after its TV channel DHC Television featured offensive remarks on Koreans and history last week. A domestic boyc...
Doosan Heavy to delist Doosan E&C by March 2020
WeWork Labs announces achievements in South Korea in 2019
Deadline extended for Asiana Airlines stake transfer
Techstars Korea to accept applications for 1st batch through March 2020
Celltrion presents Truxima’s results of phase 3 clinical trials in US forum
LG Chem, GM deal ups ante in EV battery competition
Power market open to private firms, price hike needed for green energy expansion
Foreign investors’ bond holdings hit 6-month low
December 13, 2019
