Mohammad bin Salman will take a flight to Seoul late June
Mohammad bin Salman, the crown prince of Saudi Arabia, plans to visit Korea late this month before taking part in the G20 Summit in Japan, according to the country’s...
Hanwha works on environmentally-friendly materials
Have you ever heard of “green plastic?” Most people would say that it is an oxymoron that contains contradictory words just like “deafening silence” or “original copy.”
But a Korean company actually works on developing environmentally...
Unionists worry about conditional approval from EU
In this January, the Korea Development Bank announced that it signed a $1.7 billion deal with Hyundai Heavy Industries (HHI) to sell its 55.7-percent stake in Daewoo Shipbuilding & Marine Engineering (DSME).
After the...
Yanolja raises $180 million funding
Yanolja, the leading online travel platform in Korea, said June 11 that it raised $180 million from GIC, which manages Singapore’s foreign reserves, and Booking Holdings.
The Seoul-based outfit said that the investment brings its valuation...
Hwang urges 5G innovation with global leaders
KT, the company that launched the world’s first nationwide 5G commercial network, is asking world leaders to pioneer the future of next-generation wireless connectivity together.
In a speech during the Global Entrepreneurship Summit 2019...
Concerns rise on future of acquisition contract
Concern is rising as to whether Hyundai Heavy Industries (HHI) will be able to finish its acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) faced with the all-out opposition of its union members...
Korean auto parts supplier recognized by GM
Hanon Systems, Korea’s top-tier automotive supplier, recently announced that the outfit opened Chongqing Hanon Jianshe Automotive Thermal Systems in China.
The Daejoen-based company said that the establishment of the joint venture involves a partnership...
5 outfits strive to acquire Korean gaming firm
Two Korean info-tech companies and three private equity funds took part in the competition to purchase a controlling stake in the country’s leading gaming company Nexon.
Korean game publisher Netmarble and IT firm...
Shipbuilder goes ahead with its plan despite union's protest
Despite all-out opposition from its workers, shareholders of Hyundai Heavy Industries (HHI) approved the first step necessary to merge with Daewoo Shipbuilding & Marine Engineering (DSME) on May 31.
Just higher than...
E-commerce operators keep splurging despite snowballing deficits
In the classic game of chicken, two cars drive straight to each other. As the loss of swerving is trivial compared to the crash if nobody swerves, the rational option is to swerve...
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Upbit successfully detects crypto frauds
Korean outfit comes up with advanced anti-fraud system
South Korea’s leading crypto-exchange Upbit announced on Sept. 26 that the outfit had discovered fraudulent exchanges amounting...
