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Tobacco firm adds newest product to its multi-category portfolio BAT Rothmans announced on Feb. 14 that it had launched gloTM hyper X2, the latest product in its gloTM lineup, the company’s global heated tobacco brand, in South Korea. The firm said...
South Korea’s richest businessman will be reinstated Samsung Electronics Vice Chairman Lee Jae-yong, the de facto chief of the country’s largest conglomerate Samsung Group, gained a presidential pardon on Aug. 12. Justice Minister Han Dong-hoon said that the Samsung tycoon would...
SK-Group-bets-on-AI

SK Group bets on AI

Chairman Chey will double as chair of SK Telecom South Korea’s tech giants like Samsung and LG have been pulled out all the stops to preempt the AI market. And now, brick-and-mortar outfits like SK and Hyundai Motor also join...
Lee Jae-yong will stay home this month Samsung Group chief Lee Jae-yong opted not to visit the United States this month, according to Samsung officials. Watchers come up with various reasons why Lee did not fly to America during the...
22-year-old son's blood alcohol content amounted to 0.164% The eldest son of Hyundai Motor Group Chairman Chung Eui-sun was indicted for allegedly driving under the influence of alcohol last month when his father was out of the country. The Seoul Eastern...
Can Lee Jae-yong head Samsung right away? Released no parole early Aug. 13 after seven months behind bars, Samsung Electronics Vice Chairman Lee Jae-yong moved to the head office of the world’s largest maker of semiconductors and smartphones. This causes controversies...
After spending seven months behind bars, Vice Chairman Lee will be back South Korea’s Ministry of Justice said on Aug. 9 that it will grant parole to imprisoned Samsung Electronics Vice Chairman Lee Jae-yong, who will be released later this...
US bizpeople asks for closer semiconductor cooperation between US and Korea The American Chamber of Commerce in Korea (AMCHAM) said on May 20 that it asked the presidential office to release Samsung Electronics Vice Chairman Lee Jae-yong, who was imprisoned...
Samsung heir did not appear in court due to funeral Samsung Electronics Vice Chairman Lee Jae-yong saw his trial on bribery charges restart on Oct. 26, just a day after his ailing father of Samsung Chairman Lee Kun-hee died. The Seoul...
Chief of Korea's top conglomerate hospitalized for six years Samsung Group Chairman Lee Kun-hee died on Oct. 25. Samsung is South Korea’s top conglomerate of which flagship unit is Samsung Electronics, the world’s No. 1 manufacturer of smartphones and memory...

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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...

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