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[Newsmaker] LG chairman renews commitment to R&D
[Newsmaker] LG chairman renews commitment to R&D

LG Group chairman Koo Bon-moo has renewed his commitment to elevating the group’s research and development prowess, pledging huge new investment and more …

Ailing CJ chairman relinquishes more board memberships
Ailing CJ chairman relinquishes more board memberships

CJ Group chairman Lee Jae-hyun has decided to quit from the boards of two officiates after taking similar steps last year, sources said Thursday. Lee, who was …

LG to roll out new phablet ‘G Note’
LG to roll out new phablet ‘G Note’

Korean tech giant LG Electronics plans to give tough competition in the high-end large screen smartphone market dominated by Samsung and Apple, with its ace in …

Naver to launch mobile payment platform in June
Naver to launch mobile payment platform in June

Naver Corp., the operator of South Korea’s top namesake Internet portal, said Thursday it will introduce its new instant mobile payment platform in June …

Samsung pushes low-end smartphones to keep global reign
Samsung pushes low-end smartphones to keep global reign

Samsung Electronics Co., the world’s top smartphone maker, is bolstering the global sales of low-end handsets to maintain its leading market presence, …

Daesung Group CEO named World Water Forum co-chair
Daesung Group CEO named World Water Forum co-chair

The 2015 World Water Forum National Committee selected Daesung Group CEO Kim Young-hoon as its new co-chair, the committee said Tuesday. Kim was selected due …

‘Hyundai to build second U.S. plant’
‘Hyundai to build second U.S. plant’

Hyundai Motor, the nation’s top automaker, plans to start building its second factory in the U.S. within this year to ramp-up the supply of sport utility …

Rent issue feared to fuel inter-Korean row over Kaesong park
Rent issue feared to fuel inter-Korean row over Kaesong park

The controversial issue of land use fees in a joint inter-Korean factory park in North Korea is expected to add fuel to the already-growing tension between the …

Hyundai Motor planning to build 2nd U.S. factory
Hyundai Motor planning to build 2nd U.S. factory

Hyundai Motor Co., South Korea’s top carmaker, is considering setting up a second plant in the United States in an effort to up its production of …

IBK issues W4b hybrid bond
IBK issues W4b hybrid bond

The state-run Industrial Bank of Korea has issued a hybrid bond worth 400 billion won ($357 million), officials said Tuesday. The hybrid bond, a kind of …

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