Questions are rising as to whether a Korean online retailer will begin turning profit
In a capitalist society, a company exists to make money for its owners, or shareholders. So what if a firm intentionally makes big losses? Will its...
As far as ABB Korea is concerned, one bad apple is feared to ruin the whole bunch.
In late February 2019, Korea’s financial regulator penalized ABB Korea, the Seoul-based unit of Swiss-Swedish multinational ABB, for improper accounting practices together...
City officials keep an eye on Philip Morris Korea Plant
Months after Philip Morris Korea, which is headed by Chong Il-woo, was fined for discharging wastewater from its plant in Yangsan, the investigation on the case is still underway.
A Yangsan...
Netizens keep criticizing Japanese casual wear maker
In Korea, people are canceling their trips to Japan and boycotting Japanese products ranging from cigarettes, beers, pens, cameras, and movies to automobiles.
The nationwide boycott of made-in-Japan products and services started early this...
Premium outlet launches a summer event
Shinsegae Simon has embarked on an event, called “Vacation Shopping Week,” during July 31 and August 17 aimed at attracting shoppers over the summer season.
The Seoul-headquartered company announced that the two-and-half-week event will take...
The grandson of Nongshim Chairman Shin Chun-ho will join the country’s leading maker of instant noodles, or ramyeon, the Seoul-based company confirmed on March 9.
Nongshim said that Shin Sang-yeol, who graduated from Columbia University and worked as an intern...
Chairman Lee Kun-hee loses $3.8 billion in a year
The lingering slump in the global semiconductor business chipped away at the fortune of Samsung Group Chairman Lee Kun-hee by $3.8 billion over the past year.
However, his net worth of $16.8...
Shinsegae's boutique hotel fails to impress
Shinsegae Group Vice Chairman Chung Yong-jin has proven his ability as a business leader - he brought Starbucks to Korea and established the mega-sized Starfield shopping malls in Seoul and the surrounding area.
Last...
Ice cream brand did not donate at all over the past 3 years
On the September 11th episode of “Nego King,” a YouTube program made by Korean entertainer Hwang Kwang-hee, attracted so many fans thanks to Hwang’s successful “negotiation.”
Hwang met...
Last week, the press release that LG Uplus had snapped up CJ HelloVision would have irritated many parties concerned _ especially competitors such as SK Telecom and KT.
But the owners of D’Live are probably happy with the deal because...
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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...
