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CJ Group Constructs Water Pipeline in Tam Ngan 2 Commune, Vietnam
International Community OutreachAs part of the Saemaul movement project that aims to improve the environment, promote agricultural self-reliance, and increase the sources of agricultural income for...
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Hanwha Takes Over Australia’s Mining Service Provider LDE
Low Density DealHanwha Corporation, the nation’s leading explosives producer and global total explosives supplier, is taking over all stocks of Low Density Explosives (LDE) Corporation Australia,...
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LH Signs MOU with India for City Development Project
Expertise ExportAs a support group for winning overseas construction projects, which is managed by the Ministry of Land, Infrastructure and Transport, Korea Land and Housing Corporation (LH) visited...
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Excursion to Europe via Imperial Palace
Summer Palace PackageImperial Palace Seoul Hotel boasts a unique interior reminiscent of a luxurious European boutique hotel. The hotel furnishings are known to impress visitors with numerous antique...
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Korean Consumer Groups Join Hands to Boycott Lotte Group’s Products
Anti-Lotte SentimentThe Financial Consumer Agency (FCA), a public consumer organization, announced on Aug. 13 that it has banded together with Small Business Association of Korea (SBAK) to indefinitely...
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Samsung Pushing to Globalize Samsung Pay Faster to Compete with Apple Pay
Mobile PaymentsSamsung Electronics has accelerated moves to globalize its mobile payment service, Samsung Pay. The fact that Samsung Pay does not require a separate payment terminal gives an advantage...
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Samsung Declares War with New Note, S6 Edge Plus in New York
New Model RevealsSamsung Electronics will make an attempt to change the mood for the premium smartphone market with the launch of the Galaxy Note 5 and Galaxy S6 Edge Plus, starting in the U.S. With...
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Top 30 Richest Stock Billionaires Suffer 2 Trillion Won Valuation Losses over...
Downward PlungeAs unfavorable conditions, such as exchange rates, has had adverse effects on the domestic stock market, the total stock value of the nation’s 30 stock-rich billionaires have dropped by...
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Fierce Competition in O2O Industry Using Offline Ads, Going Beyond TV Ads
Online to OfflineWith the Online to Offline (O2O) business expanding from food delivery to real estate and accommodation apps, competition for ads is intensifying.According to industry sources on Aug....
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Mando Starts Auto Parts Plant in Mexico
Breaking New GroundMando will accelerate its global market penetration by setting up an auto parts manufacturing complex in Mexico.Mando announced on Aug. 16 that it held a groundbreaking ceremony for...
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Activist Hedge Funds Targeting Asian Companies
Activism in AsiaAccording to Activist Insight, activist hedge funds intervened in the management of approximately 300 companies worldwide by purchasing treasury stocks or demanding more dividends or...
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Devaluation of Chinese Yuan Poised to Affect Korean Manufacturers
Truth in MoniesThe People’s Bank of China devalued the yuan by 1.86 percent on Aug. 11, 1.62 percent on Aug. 12, and 1.11 percent on Aug. 13. Under the circumstances, Korean companies in various...
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Dozens of Foreign Car Models Hit Yearly High Sales in Korea Last Month
Foreign Auto RenaissanceAccording to the Korea Automobile Importers & Distributors Association, 39 models of 15 brands hit yearly high sales in Korea last month. Eight percent of the models...
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Korean Companies Troubled with Slow Localization in Vietnam
Vietnam UptakeKorean companies investing in Vietnam are worried about the slow progress in localization attributable to their local partners’ low level of technical standards.According to industry...
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SK Group to Adopt Wage Peak System at All Affiliates
Wage SunsetThe SK Group is planning to have all its affiliates adopt the new wage peak system starting next year, while extending the retirement age of its employees.According to industry sources on...
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SK Group to Invest 80 Trillion Won by 2020
Old Leader, New DirectionSK Group Chairman Chey Tae-won said to the heads of the group's key affiliates on Aug. 17, “Please come up with innovative investment expansion measures. Although we are facing...
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Lotte Group Chairman Shin Dong-bin Takes Control of Group
Lotte CoupIn the shareholder meeting of Lotte Holdings Japan, which was the watershed of Lotte Group’s governance dispute, Lotte Group Chairman Shin Dong-bin has won a complete victory. Accordingly,...
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Domestic Sedan Sales Decrease, While Total Car Sales Increase
Domestic Auto IncreaseAlthough domestic car sales this year have increased compared to last year, the sales of sedans have decreased.The combined sales of five domestic automakers from Jan. to July...
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HHI Joins Hands with Accenture to Develop Connected Smart Ship System
SmartshipsSouth Korean shipbuilder Hyundai Heavy Industries (HHI) and Accenture, the global digital business leader, are collaborating to design a “connected smart ship system” that will connect vessel...
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Samsung to Release 16TB SSD Next Year
Sixteen TerabytesSamsung Electronics will reportedly release a 16 TB solid state drive (SSD), the world's highest-capacity SSD, next year. With the storage of SSDs surpassing that of hard disk drives...
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