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Thu, January 21, 2021 | 00:33

Lee's imprisonment forces Samsung into emergency mode

The imprisonment of Lee Jae-yong, Samsung Electronics' vice chairman, has put the entire Samsung empire's future business management in limbo and is likely to put on hold any major investments and M&A decisions for the foreseeable future.

Manufacturing | 2021-01-19 16:42

Government push for profit-sharing angers conglomerates

Controversy has been rising since ruling Democratic Party of Korea (DPK) chief Lee Nak-yon proposed a profit-sharing scheme on Jan. 10 encouraging profitable companies to distribute part of their profits to companies that have been hit hard by the COVID-19 pandemic. The ruling party says the measures are “voluntary” and will offer various government incentives in exchange inc...

Manufacturing | 2021-01-19 09:32

Koo Kwang-mo's 'New LG' initiative pays off

LG Group Chairman Koo Kwang-mo's “New LG” initiative has found great synergy and success across the diverse businesses of the conglomerate. Since Koo took the helm of the corporation in June 2018, LG Group's market capitalization has soared by 70 trillion won, reaching a total of 163.3 trillion won.

Manufacturing | 2021-01-15 17:56

What industry wants from Moon's conference

President Moon Jae-in is scheduled to hold a New Year's press conference later this month, while businesses in the country are on the lookout for comments that could affect their respective sectors. The progressive administration has pushed ahead with the passage of new bills and regulations in recent years aimed at bolstering the rights and welfare of workers, raising the mi...

Manufacturing | 2021-01-14 16:59

President's fund pick draws investor attention

KSOE takes orders worth W1.3 tri. in one week

Korea Shipbuilding & Offshore Engineering (KSOE) has been on a roll, inking 11 shipbuilding deals this year alone worth 1.3 trillion won.

Manufacturing | 2021-01-13 13:56

LS Group chairman to expand investments in new businesses, ESG

Koo Ja-yeol, chairman of LS Group, plans to expand investments in new businesses and ESG (environment, social, governance) to create opportunities to recover from the impact of the COVID-19 pandemic.

2021-01-13 09:19

GM launches 'Everybody In' campaign aimed at zero carbon

General Motors is debuting a new marketing campaign as part of the company's comprehensive efforts to accelerate mass adoption of electric vehicles. The “Everybody In” campaign is a call to action meant to reflect a movement that's inclusive and accessible. The company is also evolving its brand identity as GM transforms itself to deliver on a vision of a world with zero cras...

Auto | 2021-01-12 14:38

Korean Air still faces obstacles to acquire Asiana

Korean Air might have received the green light from shareholders allowing it to conduct a capital increase for its planned acquisition of Asiana Airlines but there are still numerous obstacles the airline will need to resolve.

Airlines | 2021-01-08 16:27

CJ aims to enter Hollywood through Endeavor Content

CJ Group Vice Chairwoman Lee Mie-kyung, the older sister of CJ Group Chairman Lee Jae-hyun, has been on a drive to enter Hollywood.

Retail & Food | 2021-01-08 09:16

Hanwha Group works to fully implement ESG management

Hanwha Group Chairman Kim Seung-youn has vowed to expand the company's environmental, social and corporate governance (ESG) management style to better enhance the conglomerate's future competitiveness in the global market.

Energy | 2021-01-06 13:21

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