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Curb chaebol’s expansion

Curb chaebol’s expansion Owner families of large business groups or chaebol that adopted a holding company system are still in charge of an aggregate 170 subsidiaries outside the system. This raises concerns about the continuous headlong expansion of chaebol into diverse business fields which puts small and medium enterprises at risk.

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1 killed, 5 injured in state-run defense lab explosion

1 killed, 5 injured in state-run defense lab explosion An explosion at South Korea’s state-run defense research institute killed at least one person and injured five others on Wednesday, local fire authorities said. The incident occurred at 4:24 p.m. at a lab at the Agency for Defense Development (ADD) in Daejeon, 160 kilometers south of […]

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Sale of Asiana Airlines

Sale of Asiana Airlines Asiana Airlines is likely to find a new owner after a consortium led by construction firm HDC Hyundai Development Co. was chosen as the preferred bidder for the country’s No. 2 carrier Tuesday. If it succeeds in taking over the troubled airline, HDC can diversify its business and boost the local […]

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NPS hit for exercising ‘excessive’ shareholder rights

NPS hit for exercising ‘excessive’ shareholder rights Companies are expressing concern over the National Pension Service’s (NPS) plan to exercise “excessive” shareholder rights, through which it could demand the dismissal of board members of firms in which the pension fund holds a stake, industry officials said Wednesday.

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Hip-hop group Dynamic Duo in comeback

Hip-hop group Dynamic Duo in comeback Korean hip-hop group Dynamic Duo is set to make a comeback with its ninth album, ending a four-year hiatus. The group’s agency, Amoeba Culture, said Nov. 13 that the group will return with the album “OFF DUTY” on Nov. 26.

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