Lotte Confectionery to rebrand as Lotte Well Food
South Korea's Lotte Confectionery Co. will change its name to Lotte Well Food, effective April 1, according to an announcement made on Thursday. The...
Hyundai Motor, Lotte chairs rank as S.Korea’s highest-paid heads
Hyundai Motor Group Chairman Chung Euisun was ranked as South Korea’s highest-paid business owner in 2022 thanks to the group's record-high pr...
Lotte Global Logistics establishes resource recycling platform in Korea
South Korea's Lotte Global Logistics has established a resource recycling platform across ten logistics centers. The company has introduced the solu...
Two global shareholder voting advisors oppose activist funds in S. Korea
Institutional Shareholder Services (ISS) and Glass Lewis, the world's two biggest advisory bodies for shareholder voting rights, have recommended op...
MBK to acquire Korea’s top FCCL maker NexFlex for $407 mn
MBK Partners agreed to buy NexFlex Co., South Korea’s top flexible copper-clad laminates (FCCL) producer, as the leading Northeast Asian priva...
ISS, Glass Lewis urge shareholders to veto activist fund's requests on JB
Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. are urging shareholders of JB Financial Group Co., a South Ko...
Lotte Mart unveils integrated private brand Good Today
South Korea's hypermarket Lotte Mart on Wednesday announced the debut of its integrated private brand (PB) Good Today under its plan to conduct focu...
Lotte Fine Chemical, OCI Global join hands for clean ammonia business
Lotte Fine Chemical Co., a subsidiary of Lotte Chemical Corp., and Europe’s No.1 clean ammonia producer OCI N.V., or OCI Global, will collabor...
Samsung SDS acquires Korea’s No. 1 procurement SCM company
Samsung SDS Co., the information technology service unit of South Korea's Samsung Group, has acquired a 33.39% stake in Emro Inc., Korea's top suppl...
HYBE kicks off campaign to win over SM shareholders
Bang Si-hyuk, founder and chairman of the BTS label HYBE Co., has kicked off his campaign to gather support from institutional investors to take con...
S.Korea's KIC to strengthen responsible investments
Korea Investment Corporation (KIC) plans to actively voice its opinions on portfolio companies' management over the next two years to tighten its re...
Lotte Chairman to return to beverage unit's boardroom
Lotte Group Chairman Shin Dong-bin is slated to return as an inside director of Lotte Chilsung Beverage Co., the group’s subsidiary and one of...
JB Financial refuses activist fund's request to increase dividends
South Korea’s JB Financial Group Co. has refused a local activist fund’s request to raise dividend payouts, stressing such a measure wil...
Lotte to produce clean ammonia in US with CF Industries
Lotte Chemical Corp., a major South Korean petrochemical manufacturer, joined hands with CF Industries Holdings Inc., the world’s largest ammo...
Iljin Materials to change its name to Lotte Energy Materials
Lotte Chemical Corp., a South Korean petrochemical giant, will rename Iljin Materials Co., the country’s second-largest copper foil maker, as ...
Korea's Kumho Tire sponsors Touring Car Championship
Kumho Tire Co. announced on Monday its title sponsorship of the Touring Car Championship (TCR), a global touring car competition, with the organizer...
S.Korea’s KT&G engulfed in lawsuit against activist funds
The world’s fifth-largest tobacco maker KT&G’s battle against activist investors intensified as a group of funds sued the South Kore...
KT&G potential target of aggressive activist shareholder
KT&G Corp., the world’s fifth-largest tobacco maker, is likely to face a tougher battle against activist shareholders as an aggressive hed...
Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel
On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...
Lotte Hotel forms new mileage partnership with Singapore Airlines
On Wednesday, Lotte Hotels & Resorts announced its new mileage partnership with Singapore Airlines, marking the hotel group's first international ...
Korean PE firm STIC to buy stake in copper foil maker Iljin
South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...
Lotte Fine Chemical transforms from ugly duckling to golden swan
For Samsung Group, the fine chemicals business was an ugly duckling losing money while other affiliates, including Samsung Electronics Co., were flu...
S.Korean listed companies' cancelled shares reach $8.6 bn over past 3 years
South Korea's listed companies have cancelled 11 trillion won ($8.6 billion) worth of shares over the past three years.The Korea Exchange said on Su...
Korea’s Hyundai Dept. Store drops holding company plan
South Korea’s major retailer Hyundai Department Store Group Co. gave up a plan to split off its core high-end shopping mall affiliate and conv...
KT under pressure for transparency, fairness to pick new CEO, again
South Korea’s leading telecommunications company KT Corp. will pick a new chief executive after it came under fire over its CEO select...
Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia
South Korea's Lotte Chemical Corp. has joined forces with German energy company RWE and Japan's Mitsubishi Corporation to create a global consortium...
Medytox to sell off 2.2 mn shares of Daewoong's American partner Evolus
Medytox Inc. said in a regulatory filing on Wednesday that it is selling off approximately 2.19 million shares of Evolus, Daewoong Pharmaceutical's ...
K-pop pioneer SM engulfed in management dispute
Kakao Corp., South Korea’s mobile platform giant and operator of the country’s top messenger app Kakao Talk, is set to become the second...
Lotte Group to directly control global real estate unit
Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...
South Korean companies rattled by activist shareholders
South Korea’s major companies are under attack by activist shareholders, who are exerting ever-increasing clout over critical corporate decisi...
