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Corporate restructuringLotte puts department store in Centum City, Busan on market
Lotte Shopping Co. has put one of its core department stores, Lotte Department Store Centum City in Busan, on the market in line...
Nov 22, 2024 (Gmt+09:00)
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Corporate restructuringLotte Group denies liquidity crisis rumors to calm bond holders
Lotte Group on Thursday denied liquidity crisis rumors sparked by Lotte Chemical Corp.'s struggle to meet a bond redemption requ...
Nov 22, 2024 (Gmt+09:00)
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Business & PoliticsHyundai's new CEO Munoz vows to proactively respond to Trump policy
LOS ANGELES – José Muñoz, the incoming chief executive of South Korea's top automaker Hyundai Motor Co., sai...
Nov 22, 2024 (Gmt+09:00)
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Corporate governanceLG Group affiliates unveil value-up plans
LG Group affiliates— LG Display Co., LG Innotek, LG Chem Ltd., and LG Energy Solution Ltd. —unveiled their ambitious...
Nov 22, 2024 (Gmt+09:00)
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Chemical IndustryHyosung TNC mulls takeover of chemical affiliate’s specialty gas unit
Hyosung TNC Corp., the world’s top spandex maker, is considering taking over the specialty gas business of its chemical af...
Nov 22, 2024 (Gmt+09:00)
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Food & BeverageHiteJinro sees annual soju exports to Cambodia grow 31%
HiteJinro Co., South Korea’s leading soju maker, resumed its Jinro EDM Festival at Cambodia’s Bon Om Tuk water fes...
Nov 22, 2024 (Gmt+09:00)
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Food & BeverageCorstone Asia, Q Capital Partners to sell Norang Tongdak
South Korean private equity firms (PEF) Corstone Asia and Q Capital Partners plan to sell Norang Tongdak, the Korean-style fried...
Nov 22, 2024 (Gmt+09:00)
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EnergyHanwha Q cells’ US subsidiary EnFin raises $321 mn through ABS
Hanwha Q Cells Co., the solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group known as Qcells i...
Nov 22, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHMM introduces S.Korea's first LNG-powered vessels
South Korea's HMM Co. said on Friday that it will introduce two 7,700 TEU (1 TEU equals one 20-foot container) container ships p...
Nov 22, 2024 (Gmt+09:00)
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Korean chipmakersSKC’s US affiliate Absolics receives $100 million in US R&D grants
Absolics Inc., the US glass substrate affiliate of South Korean chemical materials company SKC Ltd., has been selected to receiv...
Nov 22, 2024 (Gmt+09:00)
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ElectronicsApple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025
South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($26...
Nov 22, 2024 (Gmt+09:00)