Food and entertainment giant CJ Group has emerged as the largest employer among the top 30 business groups in South Korea over the past year, a corporate tracker said on Nov. 15, 2018. CJ's workforce stood at 26,565 as of the end of September this year, up 28.2 percent, or 5,849 employees, from
Samsung Electronics Co. aims to control 20 percent of the global market for fifth-generation (5G) network equipment in 2020, the head of the company's network business has said. During a session from The Wall Street Journal D.Live Conference held in California on Nov. 14, 2018, Samsung Electroni
The financial regulator on November 14, 2018 ruled that Samsung BioLogics Co. intentionally violated accounting rules in 2015, a decision that could lead to the delisting of the biopharmaceutical firm.Kim Yong-beom, vice chairman of the Financial Services Commission (FSC), said the FSC referred the
Low-cost carriers in South Korea are expected to continue their rapid growth and see international passenger traffic soar nearly 20 percent in 2019, a report said Wednesday. According to the report from the Korea Transport Institute, local budget carriers' combined international passenger traffi
Samsung Electronics Co. is expected to deliver an official apology on the long-standing dispute surrounding its former workers suffering from diseases apparently related to the working environment, industry sources said Wednesday. The apology is part of the agreement reached between one of the world
KT Corp., South Korea's No. 2 mobile carrier, has recorded the shortest CEO tenure among units of the nation's top 30 conglomerates over the past decade due to political influence, a corporate tracker said on Nov. 14, 2018. A total of 39 professional CEOs have served at the telecom giant sin
GM Korea Co., the South Korean unit of General Motors Co., on Nov. 12, 2018 refused to meet with its union to narrow their differences over its decision to build a separate research and development (R&D) company, which the workers see as an initial move by the carmaker to scale down its plants in Ko
Samsung Electronics Co. is expected to solidify its spot as the world's top chip supplier for all of 2018 on the back of strong shipments of memory chips, industry tracker IC Insights said Tuesday, widening its gap with U.S. rival Intel Corp.The South Korean chipmaker is expected to post combine
Samsung Electronics Co.'s payment tool, Samsung Pay, stood as South Korea's top transaction app in October, data showed Tuesday, with the number of Android-based users rising 58 percent on-year.According to the data compiled by industry tracker WiseApp, Samsung Pay was the most popular finan
South Korea needs to improve the overall competitiveness of its robotics industry amid growing challenges posed by Chinese rivals, a state-run think tank said on Nov. 11, 2018. According to the Korea Institute for Industrial Economics and Trade (KIET) report that highlighted growth strategies of the
Hyundai Motor Group's executive vice chairman stressed at a recent gathering in Singapore that the conglomerate is firmly committed to helping the world make the transition to a clean hydrogen society. The South Korean business group said on Nov. 11, 2018 that Chung Eui-sun, 49, pointed out at a
LG Electronics Inc., a South Korean tech giant, said Sunday it has been holding a global contest for youngsters with disabilities in India.The eighth annual Global IT Challenge for Youth with Disabilities began Friday for a four-day run in New Delhi, drawing some 300 participants from 18 nations, th
South Korea's factory utilization rate has fallen to the lowest level since the Asian financial crisis fueling concerns that the economy is showing signs of slowing down, observers said Sunday.Data by Statistics Korea showed the average capacity utilization ratio of factories standing at 72.8 pe
LG Chem Ltd., South Korea's top chemicals firm, said Friday that it has named a top executive of U.S. industrial giant 3M Co. as its new vice chairman and CEO.LG Chem said H.C. (Hak Cheol) Shin, a vice chair and executive vice president of 3M, is the "the right person" to respond to rapidly ch
A court on Friday issued an arrest warrant for the head of a local online storage service company on charges that he assaulted and abused his company employees.The suspect, Yang Jin-ho, chief of WeDisk and robot developer K-Technology, had already been in police detention, and Suwon district court s
Vietnamese Prime Minister Nguyen Xuan Phuc has asked the chairman of South Korea's SK Group to participate in the privatization of state-owned companies in one of the world's fastest growing economies, the conglomerate said Friday."We will spare no effort in providing comprehensive assistan
The head of the state-run Korea Development Bank (KDB) said Thursday he will propose three-way talks with GM Korea and its labor union amid a deepening spat over the carmaker's plan to spin off its research unit.Lee Dong-gull, governor of the KDB, told reporters that the proposal will be officia
Hyundai Motor Co., South Korea's biggest carmaker by sales, said Friday it has officially named its 2020 flagship SUV the Palisade, with a plan to debut the new SUV at the Los Angeles Auto Show later this month.The all-new SUV is named after the Pacific Palisades, an affluent and beautiful neigh
Yuhan Corporation (000100.KS; Yuhan), one of the largest and most respected pharmaceutical companies in the Republic of Korea, announced today that it has entered into a license and collaboration agreement with Janssen Biotech, Inc. (Janssen) to develop Lazertinib, a novel clinical-stage therapeutic
The main cause of engine fires in BMW cars turned out to be faulty exhaust gas recirculation (EGR) valves, not EGR coolers and pipes as claimed by the German carmaker, a local investigation's interim findings showed on Nov. 7, 2018. The public-private investigation team led by the Korea Transpor