Korean conglomerates cash in on EXO's success
[ THE INVESTOR ] Korean conglomerate Lotte Group opened a duty-free shop in Tokyo’s luxurious shopping district Ginza in March, drawing a crowd to its opening ceremony early one morning. To be m...
Oct 13, 2016
Hanjin Shipping’s American routes to go on sale on Oct. 14
[ THE INVESTOR ] The court has decided to put out a public notice for sale of Hanjin Shipping ’s America-Asia routes on Oct. 14 at the earliest, according to news reports on Oct. 13. The ailing ...
Hanwha Techwin signs MOU with GE for digitalization
[ THE INVESTOR ] Hanwha Techwin announced on Oct. 13 that it has signed a memorandum of understanding with GE Digital to cooperate in smart factories. They have agreed to apply GE’s solutions in...
K-Beauty Expo kicks off at KINTEX
[ THE INVESTOR ] k-Beauty Expo, a major international beauty trade show in South Korea, kicked off on Oct. 13. The eighth edition opened for a three-day run at KINTEX in Goyang, north of Seoul, ga...
Korea Sale Festa raises retailers’ sales by 10%
[ THE INVESTOR ] The nationwide shopping festival, Korea Sale Festa, increased retailers’ sales more than 10 percent, data showed on Oct. 13. The massive shopping festival, which began Sept. 29 fo...
Korea’s ICT exports plummet following Galaxy Note 7 recall
[ THE INVESTOR ] South Korea’s exports of information and communications technology products decreased at the fastest pace in four months in September, the government said on Oct. 13. ICT exports ...
Kumho Industrial invests W50b in Asiana Airlines
[ THE INVESTOR ] Kumho Industrial announced on Oct. 12 that it will invest 50 billion won (US$44.37 million) in its affiliate Asiana Airlines to strengthen control. The parent company of Kumho...
DSME rejects ‘groundless’ McKinsey report
[ THE INVESTOR ] Daewoo Shipbuilding and Marine Engineering , South Korea’s second-largest shipyard, has rejected a draft assessment report by McKinsey Korea that will be a guideline to the gover...
Oct 12, 2016
DSME to move forward job cut plan
[ THE INVESTOR ] Daewoo Shipbuilding and Marine Engineering will speed up its job cut plan as part of its restructuring scheme, the company said Wednesday, amid growing concerns over the company’...
DSME to cut workforce by 20% this year
[ THE INVESTOR ] Daewoo Shipbuilding & Marine Engineering will speed up its restructuring process by shedding thousands of jobs by the end of this year amid growing concerns of a possible liquidi...
Samsung Heavy receives W240b order for 4 oil tankers
[ THE INVESTOR ] Samsung Heavy Industries won a deal to build four oil tankers worth 240 billion won ($220 million), the company said Wednesday. The shipbuilder said it won a contract to build t...
Key suspect allegations surrounding Hyundai Group training center arrested
[ THE INVESTOR ] A key suspect in the embezzlement case regarding Hyundai Group’s training center has been arrested and indicted, the Seoul Central District Prosecutors’ Office said on Oct. 11. Th...
Nexon becomes largest stakeholder of Thai game publisher iDCC
[ THE INVESTOR ] Nexon announced on Oct. 12 that it has acquired 49 percent stake in iDCC, a Thai game publisher, and became it largest stakeholder. Nexon will take over the remaining stake upon ...
Hanjin Heavy to deliver vessels worth W199b for S. Korea Navy
[ THE INVESTOR ] Hanjin Heavy Industries has signed a deal worth 199.1 billion won (US$177.40 million) with Defense Acquisition Program Administration to supply three new PKX-B patrol vessels, it...
[DESIGN FORUM] Design innovation is the power of product, future
[ THE INVESTOR ] In a world where innovation is driven by technology, creating a vision of innovation starts with designers, who can give consumers an experience through innovative designs, accordi...
Oct 11, 2016
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