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Reporter : Lee Kyung-min
Tue, December 6, 2022 | 02:38
CJ group chairman's son promoted to lead food biz strategy
Lee Sun-ho, the only son of CJ Group Chairman Lee Jay-hyun, has been promoted to lead the group's food businesses and growth strategies, it said Monday. He will lead a division of CJ CheilJedang, the group's food ingredient manufacturing affiliate, as chief global growth officer (CGGO).
Only 3 Korean firms included in global top 100 chipmakers: study
Only three Korean firms made the list of the world's top 100 semiconductor powerhouses by market cap, a study showed Monday, apparently indicating that the global competitive edge of Korea's growth drivers is being blunted due to low overall productivity and high unit prices.
Recent housing price fall 'not sharp': land minister
The land minister said the recent downward trajectory of housing prices is “not sharp,” and that the dip of around 6 percent in the first eight months of this year is relatively small compared to the over 50-percent increase in housing prices seen over the past few years. The real estate market slowdown is happening as part of macro-economic and financial conditions, such as ...
Lawmaker blames Kakao's greed, neglected infrastructure investment for outage
KakaoTalk, the most widely used messenger app in Korea, generated about 2.6 trillion won ($1.8 billion) in sales from advertisements over the past 18 months, at the expense of corporate expenditure to fortify system operations and stability, a ruling party lawmaker said. Insufficient preventative measures amplified the service outage at an SK C&C data center in Seongnam, Gyeo...
LS Cable & System seeks rapid overseas expansion into Europe
LS Cable & System, the cable manufacturing affiliate of LS Group, has won a supply order of about 240 billion won ($167 million) in high-voltage, direct current (HVDC) cables for the Norfolk Boreas Offshore Wind Farm in the United Kingdom (U.K.), the firm said Thursday.
Parties clash over gov't rice purchase policies
A highly contentious bill to mandate all excess rice be bought with taxpayers' money passed the parliamentary standing committee, late Wednesday, intensifying years-long debate over whether the government should protect farmers, despite clearly tanking demand for the once-popular staple crop, market watchers said Thursday. The issue is expected to take a further politicized t...
Kakao faces class action suit, monopoly probe following service outage
Kakao is facing a severe backlash from consumers and regulators following a fire-induced service disruption of Kakao Talk, as a number of users are preparing for a class action lawsuit against the IT giant amid growing calls for a probe into its monopolistic status. In addition, the service failure of ...
Lotte Chemical's acquisition of Iljin Materials 'lowers credit outlook'
Three local credit rating agencies are rushing to lower the outlook for Lotte Chemical, Monday, casting doubt over whether the chemical affiliate of Lotte Group spending 2.7 trillion won ($1.8 billion) to buy Iljin Materials, the country's second-largest copper foil manufacturer, was business overreach.
Maeil Health Nutrition seeks enhanced personal services
Maeil Health Nutrition, formerly Maeil Dairies, has signed a strategic partnership with Hologram Sciences, a consumer-facing personalized nutrition solutions provider based in New York and Boston, for personal healthcare, the Korean firm said Monday.
Korea's last captive Indo-Pacific bottlenose dolphin freed
The last captive Indo-Pacific bottlenose dolphin, Beebong, has been freed in the waters off of Jeju Island, Sunday, after 70 days of training to help it acclimatize to the natural environment after 17 years of captivity, according to the oceans ministry.
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