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MG Non-Life Insurance's third attempt to find a new owner has failed amid concerns over its financial stability. Samjong KPMG, the lead advisor for the insurer's sale, conducted the final bidding on Friday, but no participants showed up, according to sources in the financial sector. Local private...
South Korea should work on establishing more artificial intelligence infrastructure to attract global tech firms, otherwise it could be in danger of AI dependence on other countries, said SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry. “Among...
South Korea’s independent renewable energy producer Bright Energy Partners said Sunday that it has secured a fresh investment worth 100 billion won ($71.8 million) from its largest shareholder BlackRock. This funding, provided through BlackRock’s climate infrastructure business, is the fourth in...
Earlier this month, Cho Hyun-moon, the second son of late Hyosung Group Chairman Cho Suck-rai, held a surprise press conference to announce his intention to donate his entire inheritance, worth about 100 billion won ($72 million), to a public foundation. Cho, a former Hyosung executive, has remain...
South Korea's fashion scene is drawing increased interest from well-known global brands, particularly those targeting young women. Several overseas-based labels, such as Alo Yoga, On, Brandy Melville and Human Made, are slated to enter Korea's market. These brands have already garnered a loyal fol...
The American Chamber of Commerce in Korea announced Thursday that it had hosted a policy gathering with Ko Hak-soo, chairperson of the Personal Information Protection Commission, to explore strategies for privacy protection in the era of artificial intelligence. For a second consecutive year, Ko m...
Tmax Group announced Thursday that the research institute under its database management system (DBMS) specialist subsidiary, TmaxTibero, has been recognized by the Ministry of Science and ICT as the top corporate research and development center for the first half of 2024. Among 24 exemplary corpor...
The group said that the reshuffle will also allow Doosan Enerbility to concentrate more on its core energy businesses, improving its financial structure by reducing borrowings by approximately 1.2 trillion won ($870 million). The restructuring will also enhance the control of the group’s owner fa...
HD Hyundai Heavy Industries announced Wednesday the establishment of its naval technology research institute, aiming to tap into the future naval vessel market. The opening ceremony, held on the same day, was attended by about 50 participants, including HD Hyundai Vice Chairman Chung Ki-sun and HD...
South Korean airline-to-logistics conglomerate Hanjin Group's logistics arm Hanjin Logistics Corp. said Tuesday that it has expanded operations by expanding the size of the Los Angeles fulfillment center by 50 percent. Upon the expansion, Hanjin Logistics President and CEO Noh Sam-sug and Presiden...
Posco International said Tuesday that it is supporting the nation’s small- and medium-sized enterprises to expand their business abroad by offering its own networks and infrastructure around the world. As part of the shared growth initiative, a group of 11 business people visited Canada last week...
South Korea's leading cosmetics original design manufacturer Kolmar Korea appointed Hur Yong-chul, the former China business chief, as the CEO of Kolmar Laboratories and Kolmar USA, marking its full-scale entry into the North American market. With the appointment announced Tuesday, the company aim...
Amid the burgeoning community of social media platforms, including YouTube and TikTok, the number of Korean individuals earning over 100 million won ($72,300) annually from their content on these platforms increased from 2020 to 2022, according to a report released Monday. The report submitted by ...
DNK, a Seoul-based property management solution provider, formerly known as Dongnae, said Tuesday it has launched its fully redesigned property management system that enhances convenience for asset managers through centralized operational services. Currently managing over 15,000 units in the Korea...
Hyundai Steel is expanding sales bases in international markets such as Europe and America for carbon-reduced steel plates in response to the global push for carbon neutrality and the European Union's Carbon Border Adjustment Mechanism. Recently, Hyundai Steel signed a memorandum of understanding ...
Posco threads new life to old uniforms for Philippine communities
NCSoft releases sustainability report to meet global green standards
Samsung may supply advanced image sensors for Apple: analyst
Hana chief cleared of severe punishment in DLF crisis
NCSoft launches official Discord channel for Throne and Liberty
Qoo10 liquidity crisis sparks massive complaints, fears of wider damage