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First outside director to head Samsung board

For the first time, Samsung Electronics appointed an outside director to serve as chairman of its board of directors, an attempt by the company to increase transparency in corporate governance. The electronics giant announced in a statement Friday…

Feb 22,2020
Purchases show desire to stay in

Consumer choices in Korea changed sharply in response to the initial outbreak of the new coronavirus last month, according to statistics released by a popular home shopping TV network. Lotte Home Shopping says its analysis of products during the f…

Feb 22,2020
Hanjin KAL’s chairman gets support from execs

Former executives of Hanjin Group endorsed Chairman Cho Won-tae and current management as they wage a battle for control with the chairman’s sister, Cho Hyun-ah. Unions at Hanjin Group and its affiliates offered support for the chairman earlier th…

Feb 22,2020
Limited-edition Z Flip sells out, prices soar

Samsung’s much-hyped second attempt at a foldable smartphone, the Z Flip, is reselling for as much as 15 million won ($12,435) for limited-edition devices stylized by New York City-based designer Thom Browne. The limited-edition phones sold out in…

Feb 22,2020
Hotel Lotte chief executive quits

Shin Dong-bin has resigned as the chief executive officer of Hotel Lotte, clearing the way for an initial public offering (IPO) of the company and setting the stage for good pricing in the markets. The resignation is related to Shin’s consolidatio…

Feb 21,2020
KCGI group blasts the Hanjin KAL chairman

On the same day that the group seeking to take control of Hanjin KAL bought another 5 percent of the company, it blasted the current chairman and said it had lost faith in his ability to lead. Cho Hyun-ah, sister of Hanjin KAL Chairman Cho Won-tae…

Feb 21,2020
LG buys rights to Physiogel for $161 million

LG Household & Health Care acquired rights to the Physiogel brand in Asia and the United States for 125 million British pounds ($161.4 million) from British multinational pharmaceutical company GlaxoSmithKline (GSK), the company said Thursday. O…

Feb 21,2020
Hanjin Group looks to business accelerator

Hanjin Group, the corporate parent of Korea Air Lines, announced Thursday it will be collaborating with the Silicon Valley Plug and Play start-up incubator to expand its business opportunities in the travel and hospitality business. Plug and Play …

Feb 21,2020
New Samsung chip factory begins production

Samsung Electronics began mass production at a new factory Thursday, where it uses a chip-manufacturing technology the company says is suited for emerging technologies like 5G and artificial intelligence. It’s the chipmaker’s first semiconductor p…

Feb 21,2020
Ready to roll

Kakao’s Kakao T Venti vehicles are parked in the lot of a taxi company in Seoul on Thursday. Kakao is expected to expand its 11-seat van-hailing service as Tada, a rival of Kakao’s mobility service, won a court battle on Wednesday and was confirmed …

Feb 21,2020

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