Nexon founder Kim Jung-ju inheritance
Scope
Date
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Regulations
3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%
South Korea's business sector is urging reform of the domestic inheritance tax system to alleviate problems in corporate succession, citing difficul...
Jun 22, 2023 (Gmt+09:00)
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Korean games
Nexon's oldie but goodie MapleStory beats Diablo 4 in Korea
Gaming Giant Nexon Co.’s 20-year-old title MapleStory knocked down US Blizzard Entertainment’s global-hit Diablo 4 in South Korea, helpi...
Jun 20, 2023 (Gmt+09:00)
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Korean games
Nexon celebrates 20th anniversary of MapleStory
South Korean gaming giant Nexon Co. marks the 20th anniversary of its popular online game, MapleStory, with a host of exciting ventures based on the...
Jun 12, 2023 (Gmt+09:00)
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Real estate
Germany's real estate mezzanine market to shine in 2023: Lenwood Capital
The global real estate market is under significant pressure due to increased interest rates and banks' tighter loan standards in 2023. Commercial re...
Jun 01, 2023 (Gmt+09:00)
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Korean games
South Korean game developers expand business with IPs
South Korean game developers are expanding their business portfolios through their intellectual property to boost profits with a goal to create glob...
Jun 01, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea's Shift Up scouts former OpenAI engineer
South Korea's game develop and design studio Shift Up has hired AI developer Kim Tae-hoon, who hails from Silicon Valley, to enhance its game artifi...
May 26, 2023 (Gmt+09:00)
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Private equity
MBK co-founder meets with Korean CIOs to finance 6th buyout fund
Asia’s private equity giant MBK Partners Ltd. is set to accelerate fundraising for its new fund, which is expected to become the firm’s ...
May 26, 2023 (Gmt+09:00)
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Automobiles
Mercedes Korea executive promoted as US customer service chief
Kim Jee-seop, former vice president of the customer service department at Mercedes-Benz Korea, has been promoted to oversee the German automaker&rsq...
May 25, 2023 (Gmt+09:00)
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Korean games
S.Korea’s popular MMORPGs go abroad for profitability
South Korean game developers target overseas markets for their locally hit massively multiplayer online role-playing games (MMORPGs) to increase pro...
May 24, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s N Vision 74 praised at Italy’s classic-concept car show
Hyundai Motor Co., which has stunned the auto industry with its rebuilt 1974 Pony Coupe concept, has again enthralled car enthusiasts with its ...
May 22, 2023 (Gmt+09:00)
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North Korea
N.Korea's military reconnaissance satellite launch imminent
North Korean leader Kim Jong-un broke a month of stealth to visit the site of preparations for the launch of the first military reconnaissance satel...
May 18, 2023 (Gmt+09:00)
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Earnings
Nexon beats major Korean rivals with China market, PC games
Gaming giant Nexon Co. is dwarfing major South Korean rivals thanks to its success in China and PC titles.Nexon, a South Korean-Japanese game publis...
May 12, 2023 (Gmt+09:00)
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Companies
S.Korea advised to slash corporate inheritance tax to 30%
South Korean entrepreneurs are imposed heavy inheritance taxes of up to 60% to hand down wealth to their children, the highest level among Organizat...
May 11, 2023 (Gmt+09:00)
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Cryptocurrencies
Terra co-founder Do Kwon’s $177 million assets in Korea under seizure
Terraform Labs co-founder Do Kwon, the mastermind behind the Terra-Luna cryptocurrency collapse, has had most of his assets in South Korea frozen, a...
May 11, 2023 (Gmt+09:00)
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Korean games
Nexon Games’ Blue Archive surpasses 1 million pre-registrants in China
South Korea’s Nexon Games Co. on Wednesday said the number of pre-registrants for its strategy role-playing game Blue Archive exceeded one mil...
Apr 20, 2023 (Gmt+09:00)
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North Korea
North Korea's first spy satellite launch imminent
North Korean leader Kim Jong-un instructed officials to make preparations to launch its first military reconnaissance satellite as planned, the Nort...
Apr 19, 2023 (Gmt+09:00)
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Private equity
MBK Partners co-founder tops 50 richest S.Koreans: Forbes
Michael ByungJu Kim, co-founder and partner at private equity firm MBK Partners, has topped the ranking of the 50 richest South Koreans by net worth...
Apr 18, 2023 (Gmt+09:00)
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Energy
Hanwha heir apparent named senior advisor at US energy investor
Hanwha Group Vice Chairman Kim Dong-kwan, the heir apparent of the South Korean energy-to-defense conglomerate, has been named a senior advisor at S...
Apr 11, 2023 (Gmt+09:00)
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Private equity
MBK Partners eyes China’s local consumption: Letter to investors
Private equity giant MBK Partners focused on defending its portfolio last year, especially Chinese companies during the lockdown, while being active...
Apr 03, 2023 (Gmt+09:00)
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Shareholder activism
S.Korean activist fund KCGI eyes foundry DB HiTek buyout
Korea Corporate Governance Improvement Fund (KCGI) is eyeing a controlling stake in DB HiTek Co. as the activist fund became the second-largest shar...
Mar 31, 2023 (Gmt+09:00)
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Bio & Pharma
Biosimilar giant Celltrion to transform into drug developer
South Korean biosimilar giant Celltrion Group aims to transform into a drug developer by generating 40% of sales from new medicines by 2030 as it is...
Mar 29, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion founder returns to management with M&A pledge
South Korean biosimilar giant Celltrion Group’s founder Seo Jung-jin has returned to management two years after his departure, pledging to mer...
Mar 28, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao's tender offer for SM Ent. twice oversubscribed
South Korea’s Kakao Corp. has secured 40% of SM Entertainment Co. as planned, wrapping up its 1.25-trillion-won ($960 million) takeover bid fo...
Mar 27, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Celltrion eyes Baxter's arm as it gears up for M&As
Celltrion Inc., South Korea’s largest biosimilar maker, said on Tuesday it has studied a possible acquisition of the biopharma solutions unit ...
Mar 21, 2023 (Gmt+09:00)
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Leadership & Management
LG Group Chairman Koo Kwang-mo sued over inheritance in family feud
Koo Kwang-mo, chairman of South Korea’s fourth-largest conglomerate LG, has been sued over the distribution of inherited wealth, including a s...
Mar 10, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE wins 2nd battle against Kakao over SM Entertainment
A South Korean court on Friday ruled in favor of SM Entertainment Co. Founder and former Chief Producer Lee Soo-man to block the company from sellin...
Mar 03, 2023 (Gmt+09:00)
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Airlines
Korean Air, KIMS jointly develop stealth aircraft materials and parts
Korean Air and The Korea Institute of Materials Science (KIMS) have agreed to cooperate in developing aircraft materials and parts technology togeth...
Feb 24, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SM puts cash cows up for sale as conflict with founder heats up
SM Entertainment Co., mired in conflict with its founder and former Chief Producer Lee Soo-man, is seeking to sell its shares in three key arms, wor...
Feb 16, 2023 (Gmt+09:00)
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Behind the Scenes
Law firm's paper on SM: Trigger of SM Ent.'s management feud
On Jan. 19, SM Entertainment Co. founder and former Chief Producer Lee Soo-man received a 17-page document written by South Korea’s largest la...
Feb 15, 2023 (Gmt+09:00)
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Leadership & Management
AMCHAM head James Kim joins Hyundai Mobis as outside director
James Kim, chairman of the American Chamber of Commerce in Korea (AMCHAM), is joining South Korea’s largest auto parts maker Hyundai Mobis Co....
Feb 15, 2023 (Gmt+09:00)