Korean lenders opt not to acquire Cambodian financial outfitShinhan Bank is Korea’s largest lender by net profit. When its new CEO Jin Ok-dong took charge of the Seoul-based entity early this year, he promised to remain ahead of the curve.Toward that end, the 57-year-old stressed two strategies of d
Tech giant shows off super-fast 27-inch monitorSamsung Electronics took the wraps off its new 27-inch gaming monitor, named CRG5 that provides high picture quality and ultra-fast speed for intense gameplay.The Seoul-based company said June 10 that the monitor comes with new gaming features including
11 Hyundai vehicles earn high ratings after crash testsThe 2019 Hyundai Veloster received a top safety pick award from the Insurance Institute for Highway Safety (IIHS) for this year after going through one of the industry’s most demanding vehicle crash tests.Hyundai announced June 1 that all of its
Prosecutors keep raiding Samsung unitsEmployees tend to envy CEOs who can hire and fire them. Along the same line, CEOs in Korea envy tycoons who rule family-controlled conglomerates despite small direct shareholding.Instead of shareholders, tycoons appoint and sack CEOs of affiliates. They are reig
CSI reading slips below 100 in MayKorean consumers’ sentiment over economic situation worsened to the lowest level in four months as the Sino-American trade war continues to negatively affect the country’s economy.The Bank of Korea said May 28 that the composite consumer sentiment index (CSI) stood
Eye-catching wallpaper designs offered for Galaxy S10 usersSince the launch of the Galaxy S10 line of Samsung Electronics earlier this year, many eye-catching wallpaper designs have emerged with the innovative placement of the front camera punch hole.In the latest move, Samsung joins hands with Disn
Tech giant underpins competition of skilled teenagersSamsung Electronics continues its supports for the WorldSkills Competition, which will be held from August 22 to 27 this year in Kazan, Russia.Samsung will contribute 1.5 million euros to the event and the tech giant is scheduled to install an on-
Korean biosimilar maker promises to invest $34 billionCelltrion, a Korean biosimiar manufacturer, strives to surpass U.S. juggernaut Pfizer by 2030, according to the former’s Chairman Seo Jung-jin on May 16.Toward that end, Seo said that the Incheon-based company will invest 40 trillion won ($34 bil
Stark-inspired vehicle delivered to Marvel fanMarvel fans would have a chance to watch an Iron Man-inspired vehicle on the road in the United States as Hyundai Motor recently delivered its first Kona Iron Man Edition to its customer.The Seoul-based automaker said May 10 that it had celebrated its fi
Innovative technology recognized with top prizeSamsung Electronics said May 9 that its modular micro-LED display, The Wall, was named the Display of the Year by the Society for Information Display (SID).The product features pure black images, true color, and unmatched clarity to deliver a revolution
Korean outfit gains U.S. approvalA company with annual sales of around $1 billion can double in size every year? Most investors would be skeptical, but that’s what one of Korea’s biggest firms Celltrion tries to do.During the shareholders’ meeting earlier this year, Celltrion Chairman Seo Jung-jin s
Supreme court to rule on Lee in May at earliestThe Supreme Court is unlikely to come up with a verdict on an appeal by Samsung Vice Chairman Lee Jae-yong, the de-facto head of Korea’s biggest business conglomerate, this month.Initially, the top court was expected to make a ruling on the influence-pe
Creditors to channel $1.4 billionCreditors of Asiana Airlines will funnel around $1.4 billion into the debt-ridden airline company to help it deal with liquidity problems and speed up its sale, the country’s chief economic policymaker said.The state-run Korea Development Bank and other creditors wil
Samsung official talks about possibly postponing US debut of foldable handsetSamsung Electronics is not excluding the possibility of delaying the launch of its bendable handset, the Galaxy Fold, set to go on sale from April 26 in the United States, because of a controversy over screen problems.A num
'Peelgate' raises specter of 'batterygate'With the launch of the Galaxy Fold a few days remaining, disputes continue on problems with the bendable phone’s screen, which its maker Samsung Electronics struggles to deal with.A number of reviewers of the foldable handsets, on sale from April 26 in the U
Automaker forms joint venture with H2 EnergyHyundai Motor said on April 15 that it signed a contract with H2 Energy AG to set up Hyundai Hydrogen Mobility with the aim of tapping into Europe’s hydrogen mobility ecosystem.Under the two-way deal, Hyundai Motor will deliver 1,600 fuel cell electric hea
Auto parts maker strives to top $450 mil. in profitsIn the past, Hanon Systems was a Korean auto parts supplier that relied almost entirely on Hyundai Motor and Kia Motors, the country’s two leading automobile makers.But the Daejeon-based company has diversified its customer base to such internation
Electronics giant reveals new design philosophySamsung Electronics plans to attend Milan Design Week to show off its design philosophy under the new slogan, “Be Bold. Resonate with Soul,” the firm said on April 9.On top of the user-centered design philosophy, it will showcase “The Samsung 24hr Kitch
Preferred bidder to be announced soonLiberty Media, which owns Major League Baseball team Atlanta Braves, tried to purchase Korea’s game publisher Nexon, which is currently up for sale, according to a local media outlet.Sources in the investment banking industry recently said that Liberty Media took
Samsung Chairman Lee tops the podiumWhat would it be like to live in the country’s most expensive residence? You cannot ask the feeling because its owner is unable to answer your question _ he cannot even stay there because he is hospitalized.According to Seoul Metropolitan Government on March 31, t