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Korea Ginseng Corp., the country's leading ginseng manufacturer, said Monday that it has appointed An Bin, the company's former global business chief, as its new CEO. “In order to transition into a global top-tier comprehensive health company, we must adopt a 'Global One Market' approach that com...
Korean Air hosted a surprise event at New York's John F. Kennedy International Airport on Friday, to celebrate the 45th anniversary of operating flights to the city, the nation’s largest air carrier said Monday. At the event, a round-trip prestige ticket from Incheon to New York was awarded to th...
Hanwha Ocean announced Monday that Philippe Levy, the former president of SBM Offshore Americas, will take the helm of its Offshore Business division. Levy brings 25 years of industry experience, notably with SBM Offshore, a Dutch-based oil and gas company. Additionally, he has served as an execu...
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said Monday it has received 612 billion won ($454 million) in orders to build four liquefied petroleum gas (LPG) ships and two product carriers (PCs) for shippers in the Oceania and Europe regions. HD KSOE obtained the LPG ship order in the Oc...
Lee and Cho Hyun-joon are close friends, both born in 1968 and studying together at Keio University in Japan. When Lee’s father Lee Kun-hee passed away in October 2020, Cho visited the funeral to pay respect for two days in a row. At the time, Cho recalled the late former Samsung chief as a "warm...
Private equity company Hahn & Co has taken over the boardroom of Namyang Dairy Products to put an end to 60-year family ownership of the dairy firm. During the regular shareholders meeting held at Namyang’s headquarters in southern Seoul on Friday, officials from Hahn & Co were appointed as insid...
Lee Seo-hyun, the second daughter of late Samsung Group Chairman Lee Kun-hee and the younger sister of Samsung Electronics Chairman Lee Jae-yong, is returning to the management as she takes the post of president at Samsung C&T. Samsung C&T, the construction and energy arm of Samsung Group that act...
Dongwon Group Vice Chairman Kim Nam-jung, second son of the group's founder and honorary chairman Kim Jae-chul, was promoted to chairman at the group's board meeting held Thursday. Kim’s promotion fills the position which had been vacant for five years since the retirement of the honorary chairma...
Taihan Cable & Solution, South Korea's second-biggest cable company, said Friday it has obtained a $82 million power grid replacement deal in the United States. With the latest order, Taihan Cable has already received $140 million worth of power grid contracts in the US in the first three months o...
South Korean shipbuilder HD Hyundai Heavy Industries said Friday it has received a $463 million order in Peru to jointly build four warships with a local shipyard by 2029. Peru's state-owned shipbuilder SIMA Peru S.A. placed the order for joint production of one 3,400-ton frigate, one 2,200-ton de...
KT&G's Senior Executive Vice President Bang Kyung-man has cleared the final hurdle to become the company's CEO by winning shareholders approval Thursday, marking the cigarette maker's first leadership change in nine years. The decision was made at the company’s 37th annual general meeting of shar...
Korean battery material and chemical company Posco Future M has been recognized by Fortune Asia as one of the top 30 most innovative companies in Asia, set to drive future growth, the company said on Thursday. The 2024 Fortune Asia Future 30 award was presented at the Fortune Innovation Forum in H...
Hyundai Engineering & Construction said Thursday that it has started pre-sales of the remaining properties of Hillstate the Unjeong, a mixed residential and commercial apartment complex located in Paju, Gyeonggi Province. The complex comprises a total of 13 49-story buildings, offering a total of ...
Shareholders of KT&G, South Korea's dominant cigarette maker, were set to vote on whether to approve the nomination of a new chief executive Thursday. Endorsing a new chief executive, which would mark KT&G's first leadership change in nine years, and an outside director are the two main agenda ite...
LG Group unveiled a plan Wednesday to invest 100 trillion won ($74.3 billion) in South Korea by 2028 as it seeks to secure technological competitiveness and expand new growth engines. The announcement was made during the regular shareholders meeting of its holding company LG Corp., held at the Seo...
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
Samsung mobile chief, Google device head meet in Seoul
Posco Future M, Honda to launch battery materials venture in Canada
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Experts raise concerns about Japan putting pressure on Naver over Line
SK hynix profits soar on AI chip boom