Archive by category Business

Tensions high at Cheil Worldwide amid merger rumors
Tensions high at Cheil Worldwide amid merger rumors

Tensions are growing high at Cheil Worldwide, the advertising unit of Samsung Group that has been widely rumored to be merging with French ad giant Publicis …

Chairman wins Lotte succession battle
Chairman wins Lotte succession battle

Shareholders of Japan-based Lotte Holdings, which controls South Korea’s fifth-largest conglomerate Lotte Group, voted in support of incumbent group chairman …

Hyundai Heavy to reappoint incumbent CEOs
Hyundai Heavy to reappoint incumbent CEOs

Hyundai Heavy Industries, which went into red with a deficit of 1.5 trillion won ($1.25 billion) last year, is planning to reappoint its incumbent chief …

Alphabet’s Eric Schmidt to visit Seoul for Go match
Alphabet’s Eric Schmidt to visit Seoul for Go match

Former CEO of Google and executive chairman of the parent company, Alphabet, Eric Schmidt is scheduled to visit Seoul on Tuesday to attend the historic Go …

[Photo News] LG partners with MS
[Photo News] LG partners with MS

LG-MS PARTNERSHIP — LG Uplus CEO Kwon Young-soo (right) and Microsoft Korea CEO Alfred Koh pose Friday after the two companies agreed to extend their …

LG Chem to focus on energy, water, biotech
LG Chem to focus on energy, water, biotech

LG Chem, Korea’s leading chemicals firm, said Sunday it will focus on three pillars of its business — energy, water and biotechnology — under …

Experts divided over human-AI Go battle
Experts divided over human-AI Go battle

With the battle between a top-notch baduk player from South Korea and Google’s state-of-the-art program slated for this week, industry watchers on Sunday …

[Photo News] Best TV in Russia
[Photo News] Best TV in Russia

BEST TV IN RUSSIA — LG Electronics’ 55-inch (140 centimeters) Ultra OLED TV (product name 55EG960V) has been named “Flagship of the Year” by …

IoT subscriber growth surpasses smartphone users’ in January
IoT subscriber growth surpasses smartphone users’ in January

The number of users subscribing to Internet-of-Things (IoT) services grew at a faster pace than those subscribing to smartphones in Korea on-month in January, …

Number of new firms in Korea up 1.7% in January
Number of new firms in Korea up 1.7% in January

The number of new companies kicking off operations in Korea advanced 1.7 percent on-year in January, data showed Sunday, marking a record-high figure for the …

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