Economy
Business·Industry
Lisa Su Visits Samsung and SK in Quick Succession… “We Need Tremendous Cooperation”—Why?
Lisa Su, Chairwoman and CEO of AMD, visited Korea for the first time in seven months and met successively with the heads of SamsungElectronics and SK hynix’s semiconductor divisions. Amid tight memory…
Business·Industry
“An Annual Salary of 100 Million Won, but a Performance Bonus of 950 Million Won?”… Is Samsung Semiconductor About to Hit the Jackpot?
SamsungElectronics will pay a special management performance bonus to employees in its Semiconductor (DS) division in late March or early April of next year. The special performance bonus is scheduled…
Business·Industry
Samsung and LG Corp. Promote ‘Electrification of Heating’ with Heat Pumps… Joining the Effort to Reduce Carbon Emissions
Samsung Electronics and LGELECTRONICS are set to fully participate in the government’s “heating electrification” policy, spearheaded by heat pumps. The companies aim to reduce carbon emissions in resi…
M&A·IB
Outline of Major Overhaul at the Korea Housing and Construction Corporation to Be Unveiled Next Month… Organizational Restructuring and Workforce Reassignment Underway
An outline of structural reform measures to overhaul the overall management strategy of the Construction Workers’ Mutual Aid Association (hereinafter referred to as the Association) is scheduled to be…
M&A·IB
UCK Partners Enters Medical Aesthetics Market… Acquires 'Ceraderm' [Market In]
Private equity fund (PEF) manager UCK Partners has acquired the medical skincare company Seraderm. UCK Partners plans to pursue a “bolt-on” strategy, using Seraderm as a base to acquire additional com…
Business·Industry
Cellbion Co., Ltd Participates in ‘Bio Japan’… Expands Global Partnerships
Cellbion Co., Ltd is accelerating its global business development following the entry of its prostate cancer treatment “Lu177-DGUL (focubotide satetrasetate)” into Phase 3 clinical trials in South Kor…
Business·Industry
Samsung Bio: “We Will Respond Strictly to Illegal Union Activities… Taking Measures in Accordance with Principles Such as ‘No Work, No Pay’”
SAMSUNG BIOLOGICS(207940)has announced plans to respond strictly, in accordance with the law and established principles, to any illegal or unlawful acts related to the conflict with the labor union ov…
Business·Industry
LGELECTRONICS’ Cumulative Operating Profit Exceeds 4 Trillion Won for the First Time in Q3… Driven by Home Appliances and Automotive Components (Comprehensive)
Driven by robust growth in its home appliance and automotive components businesses, LGELECTRONICS’ cumulative operating profit surpassed 4 trillion won for the first time through the third quarter of …
Business·Industry
[Breaking News] LGELECTRONICS Reports 3Q Operating Profit of 781.8 Billion Won… Up 13.5% Year-Over-Year
LGELECTRONICS posted double-digit year-over-year growth in operating profit for the third quarter of this year, driven by solid profitability in its home appliance and automotive components businesses…
M&A·IB
[Exclusive] MBK Completes Voluntary Cancellation of All Homeplus Common Stock Worth 2.5 Trillion Won
It has been confirmed that MBK Partners, the major shareholder of Homeplus, canceled all of its common stock holdings—worth 2.5 trillion won—last month without compensation. This cancellation was a me…