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 […]
Read More‘THAAD retaliation appears to be continuing’
‘THAAD retaliation appears to be continuing’ China seems to be continuing economic retaliation against South Korea for hosting a U.S. missile shield, despite Seoul-Beijing agreements to end the dispute in 2017.
Read MoreSale 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 […]
Read MoreMoon prioritizes boosting regional economy ahead of polls
Moon prioritizes boosting regional economy ahead of polls Reviving regional economies will be at the forefront of President Moon Jae-in’s priorities as Cheong Wa Dae and the ruling Democratic Party of Korea gear up for the general elections in April 2020.
Read MoreNPS 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.
Read MoreBMW calls for proper maintenance to prevent fires
BMW calls for proper maintenance to prevent fires Proper vehicle maintenance by authorized service centers is critical for driving safety, BMW Korea said Wednesday, citing its analysis of fire cases involving its cars in Korea.
Read MoreEnding GSOMIA could send ‘wrong message’ to neighboring countries: CFC chief
Ending GSOMIA could send ‘wrong message’ to neighboring countries: CFC chief South Korea ending a military intelligence pact with Japan bears the “risk of sending the wrong message” to neighboring countries including North Korea, China and Russia that the trilateral alliance among Seoul, Tokyo and Washington is not as strong in keeping the regional security […]
Read MoreMan ‘falsely’ convicted of Hwaseong murder seeking retrial
Man ‘falsely’ convicted of Hwaseong murder seeking retrial A man who spent nearly 20 years in prison, after being found guilty of raping and killing a teenage girl, applied for a retrial, Wednesday, claiming he was wrongfully convicted.
Read MoreHip-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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