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Amid a sex and drug scandal involving talent agency YG Entertainment , its main rival saw its market capitalization soar past others. On March 12, JYP Entertainment’s market value reached 1.6 tr...
Samyang Group on March 12 announced that it would invest up to 2.4 trillion won ($2.12 billion) in new businesses including chemicals and biotechnology to achieve annual sales revenue of 5.5 trillion...
Cash-strapped E-Land Group has decided to sell around 30 percent stake in its subsidiary China E-land Wish, according to industry sources on March 6. According to sources, the company is currently d...
K-pop powerhouse YG Entertainment’s stock price plunged following a major scandal that broke last month involving its boy band Big Bang member Lee Seung-hyun, who is better known as Seungri. Execu...
Korean retail giant Shinsegae Group said on March 5 it will introduce electronic voting at this year’s shareholder meetings for its seven listed firms to help boost shareholder interests. The sev...
South Korea logged a record-high balance of payments surplus for Hallyu-related products and services last year, owing to the global success of Korea-made video games and K-pop, statistics from the B...
Korean retail giant Lotte Group’s hypermarket brand announced on Feb. 26 that it has opened a new store in Vietnam at Cau Giay district in Hanoi. The 2,776 square meter sized Cau Giay Lotte Mart bra...
Shinsegae Group, the operator of Korea’s biggest discount store chain E-mart, said on Feb. 26 that it will integrate its online shopping mall operations into SSG.COM from next month to boost sales. ...
At the outset, it looks like ordinary tteok. A bite into the Korean rice cake immediately brings a surprise, as where one might expect sweet red bean paste, you find a dizzyingly sweet filling of cho...
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...
Samsung’s financial units brace for changes with new CEOs
S. Korea to launch financial data exchange platform in March
Student-led venture vibe livens up Seoul basement
S. Korea considering imposing 20% tax on cryptocurrencies
Alien Robot shows glimpse of future with robotic arm
Self-driving cars with lidar tech likely to hit Seoul roads soon
Samsung to acquire US network service provider
Goldman Sachs, SK to invest W50b in eco-friendly cold chain logistics center
January 25, 2020
