Corporate Newsroom

Corporate Newsroom

#Shinhan Card
Shinhan Card raises $400 mln via ABS sale
SEOUL, Aug. 19 (Yonhap) -- Shinhan Card Co., a major South Korean credit card company, said Friday that it has sold US$400 million worth of asset-backed securities (ABS) amid rising borrowing costs.... Corporate Newsroom 10:37 Aug. 19
#Hyundai Mobis
(LEAD) Hyundai Mobis to set up 2 manufacturing-focused units
(ATTN: UPDATES with details in 3rd para) SEOUL, Aug. 18 (Yonhap) -- Hyundai Mobis Co., South Korea's biggest auto parts maker, said Thursday it will set up two wholly-owned manufacturing-centered ... Corporate Newsroom 18:31 Aug. 18
#Hyundai Mobis
Hyundai Mobis to set up 2 manufacturing-focused units
SEOUL, Aug. 18 (Yonhap) -- Hyundai Mobis Co., South Korea's biggest auto parts maker, said Thursday it will set up two wholly-owned manufacturing-centered units to preemptively respond to a burgeon... Corporate Newsroom 16:47 Aug. 18
#SK Inc
SK takes over U.S. energy solutions company for $150 mln
SEOUL, Aug. 18 (Yonhap) -- SK Group, South Korea's energy-to-telecom giant, said Thursday it is buying a controlling stake in a U.S. energy solutions company for US$150 million to make further inro... Corporate Newsroom 09:06 Aug. 18
Over 6 in 10 firms eye drop in H2 exports
SEOUL, Aug. 17 (Yonhap) -- More than 6 in 10 South Korean companies expect the country's exports to fall in the second half of the year from six months earlier on weaker demand in China and other n... Corporate Newsroom 13:56 Aug. 17
#highest paid CEO
Lotte chairman highest paid among chaebol leaders in H1
SEOUL, Aug. 16 (Yonhap) -- Lotte Group Chairman Shin Dong-bin was the highest paid among leaders of top conglomerates during the first half of the year, data showed Tuesday. Shin topped the list... Corporate Newsroom 20:51 Aug. 16
#Bill Gates
SK Group, Bill Gates discuss strengthening cooperation in global public health related article
SEOUL, Aug. 16 (Yonhap) -- Top executives of South Korea's SK Group met with Microsoft co-founder and billionaire philanthropist Bill Gates on Tuesday and discussed ways to strengthen cooperation i... Corporate Newsroom 17:00 Aug. 16
#Nongshim
Nongshim net up 53.4 pct on global popularity of instant noodles
SEOUL, Aug. 16 (Yonhap) -- South Korean instant noodle maker Nongshim Co. said Tuesday its second-quarter net profit rose 53.4 percent from a year earlier, thanks to growing sales of its instant no... Corporate Newsroom 14:35 Aug. 16
#Samsung SDI
Samsung SDI sets up R&D centers in U.S., Germany
SEOUL, Aug. 16 (Yonhap) -- South Korean battery maker Samsung SDI Co. said Tuesday it has established research and development (R&D) centers in the United States and Germany in a bid to bolster its... Corporate Newsroom 13:00 Aug. 16
#Samsung
Samsung unveils new 55-inch Odyssey Ark curved gaming monitor related article
SEOUL, Aug. 16 (Yonhap) -- Samsung Electronics Co. on Tuesday announced the global launch of Odyssey Ark, the latest and most high-end model of the company's Odyssey gaming monitor lineup aimed at ... Corporate Newsroom 10:21 Aug. 16
#LG Chem
LG Chem to build bioplastic plants in Illinois with U.S. food processor related article
SEOUL, Aug. 16 (Yonhap) -- LG Chem Ltd. said Tuesday it will build two production facilities in the U.S. state of Illinois with a U.S. food processing company to produce a biodegradable plastic wid... Corporate Newsroom 09:40 Aug. 16
#SK-US investment
SK invests $250 mln in U.S. reactor startup TerraPower
SEOUL, Aug. 15 (Yonhap) -- Two affiliates of South Korean refining-to-semiconductors conglomerate SK Group said Monday they have invested US$250 million in U.S. nuclear reactor design firm TerraPow... Corporate Newsroom 17:00 Aug. 15
#Hyundai-H1 global sales
Hyundai ranks 3rd in H1 global vehicle sales
SEOUL, Aug. 15 (Yonhap) -- South Korea's Hyundai Motor Group said Monday it ranked third in first-half global vehicle sales on increased high-end model sales despite the lack of automotive chips. ... Corporate Newsroom 10:18 Aug. 15
#Naver
Naver raided over allegedly abusing market dominant position in dealing with real estate market info provider
SEOUL, Aug. 12 (Yonhap) -- Prosecutors raided the office of Naver Corp., South Korea's largest internet portal giant, Friday over its alleged abuse of its market dominant position in dealing with a... Corporate Newsroom 17:54 Aug. 12
#POSCO International
POSCO International pushing to merge with energy affiliate
By Kim Seung-yeon SEOUL, Aug. 12 (Yonhap) -- POSCO International Corp., a trading arm of South Korean steel giant POSCO Holdings Co., said Friday it will push to merge with an energy affiliate, as... Corporate Newsroom 17:04 Aug. 12
#SK hynix
SK hynix plans to select site for U.S. chip packaging plant early next year
SEOUL, Aug. 12 (Yonhap) -- SK hynix Inc. said Friday it aims to select a site for a semiconductor packaging plant in the United States as early as in the first half of next year. Earlier in the ... Corporate Newsroom 16:12 Aug. 12
#Hyundai Motor Group
Hyundai to build AI research center in U.S. in robotics push
By Kim Seung-yeon SEOUL, Aug. 12 (Yonhap) -- Hyundai Motor Group said Friday it will spend US$424 million to build an artificial intelligence (AI) research center in the United States to bolster it... Corporate Newsroom 15:01 Aug. 12
#POSCO Holdings
POSCO Holdings to cancel 672 bln won worth of own stocks related article
SEOUL, Aug. 12 (Yonhap) -- POSCO Holdings Co., South Korea's top steelmaker, said Friday it has decided to cancel 672 billion won (US$517 million) worth of its stocks to boost shareholder value. ... Corporate Newsroom 14:55 Aug. 12
#Samsung Biologics
Samsung Biologics tentatively agrees to work with AstraZeneca on contract manufacturing
SEOUL, Aug. 12 (Yonhap) -- Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Friday it has tentatively agreed to work with multinational pharmaceutical company AstraZeneca... Corporate Newsroom 10:40 Aug. 12
#auto industry
S. Korean auto industry requests U.S. House rethink proposed tax credits for EV purchases
By Kim Seung-yeon SEOUL, Aug. 12 (Yonhap) -- A major association for South Korea's car industry has sent a letter to the U.S. House of Representatives and requested changes in tax incentives propo... Corporate Newsroom 10:34 Aug. 12