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Reporter : Kim Bo-eun
Mon, February 26, 2024 | 22:13
Brokerages slash GC Pharma target stock price after suspension of Janssen CMO talks
Brokerages slashed GC Pharma's target stock price, Friday, after the company stated a day earlier that talks with Johnson & Johnson regarding the contract manufacture of the Janssen COVID-19 vaccine had been suspended.
Apple hit by iPhone 13 incoming call defect
Apple has come under fire for failing to promptly fix a defect in its latest iPhone launched here in October. The U.S. tech giant took measures last month to address problems with the incoming call function found in the iPhone 13. But it is still receiving consumer complaints about problems with incoming calls. The problem is mostly related to the signal for incoming calls an...
Samsung names more young executives for generational shift
Younger workers in their 30s and 40s have increasingly taken key positions at Samsung Electronics as the technology heavyweight seeks to make its organization more agile and capable of change in an increasingly competitive environment.
LG Innotek CEO Jeong receives IEIE award
LG Innotek CEO Jeong Cheol-dong will be honored with an award presented by the Institute of Electronics and Information Engineers (IEIE), LG's component affiliate said Thursday.
Market Kurly's growth potential driving valuation
All eyes are on grocery delivery service Market Kurly's valuation as it prepares for its listing on the local stock market. The online retailer received a valuation of 4 trillion won in a pre-IPO, via which it secured 250 billion won before its debut on the main KOSPI bourse, slated for the first half of next year.
SK faces hurdles to building chip plant in US
SK Group Chairman Chey Tae-won grabbed headlines recently after commenting on the possibility of its chip affiliate building a manufacturing plant in the U.S. But SK hynix is highly unlikely to make the move mostly due to the huge estimated cost of building chip fabrication lines there as well as high labor cost in the world's largest economy.
Samsung Life faces possible probe for violating shareholder law
Samsung's life insurance unit, currently facing punitive measures by financial authorities for violating shareholder regulations, could come under review for a penalty by the country's top antitrust regulator on the same allegation.
What is Samsung's Harman up to?
Samsung Electronics made an ambitious $8 billion investment to acquire connected car technology provider Harman in 2016.
Korean firms appoint more young executives for agility
Korea's major companies are shattering their formerly rigid, rank-based and hierarchical cultures by promoting talented young workers in their 30s and 40s to executive positions, in a bid to make their organizations younger and more agile, and able to respond to changes. What is noticeable is that this wave is not an isolated development at a few companies, but in fact has be...
7 TV home shopping businesses fined W4 bil. for unfair practices
The Korea Fair Trade Commission (KFTC) said Sunday it had imposed 4.15 billion won ($3.46 million) in fines on seven TV home shopping businesses for unfair practices such as making vendors pay for promotional costs. The seven are GS Shop, Lotte Homeshopping, NS Shopping, CJ OnStyle, Hyundai Home Shopping, Home & Shopping and Gongyoung Shopping.