Shin Jong Gye

Obituary Samsung Electronics' TV guru Han Jong-hee dies of cardiac arrest at 63

Han Jong-hee, vice chairman and co-chief executive of Samsung Electronics Co., has died from cardiac arrest, the company said on Tuesday. He was 63....

Private equity Affinity, GIC sell out of Kyobo Life; Chairman Shin seeks holding firm, M&A

Affinity Equity Partners and Singapore’s sovereign wealth fund GIC have sold their entire stake in Kyobo Life Insurance Co., exiting from thei...

Private equity Kyobo Life’s Shin in talks with Affinity, GIC over exits below purchase price

Kyobo Life Insurance Co., South Korea’s third-largest life insurer, is in talks with some of its financial investors (FIs) to help them exit f...

Business & Politics Woori Financial CEO Yim Jong-yong should stay for governance: FSS chief

Woori Financial Group Chief Executive and Chairman Yim Jong-yong should keep his post through to the end of his term and lead the banking group&rsqu...

Mergers & Acquisitions Shin & Kim’s Jeong Hae Sung named Korea’s most influential M&A lawyer

Jeong Hae Sung, a partner at Shin & Kim, topped the list of South Korea’s 10 most influential M&A lawyers after advising on a total of...

Leadership & Management Former FSC chief Shin Je-yoon likely to be tapped as Samsung board chair

Shin Je-yoon, former chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), will likely assume the role o...

Korean food BTS Jin to enter liquor business

BTS Jin plans to enter Korean traditional liquor business with Baek Jong-won, founder and CEO of The Born Korea Co., the entertainment industry sour...

Food & Beverage Nongshim captures young consumers in Indonesia

South Korea's instant noodle giant Nongshim Co. said on Tuesday it held Shinsational Day event in Jakarta, Indonesia. On November 15, Nongshim ...

Executive reshuffles Lotte replaces 21 CEOs, slashes executive jobs by 22% in drastic reshuffle

South Korea’s retail-to-chemical conglomerate Lotte Group on Thursday replaced 21 chief executives across its affiliates and slashed executive...

North Korea Kim Jong Un’s Message to Trump: We’re Not Interested

SEOUL—North Korean leader Kim Jong Un appeared to rebuff the prospect of reviving his nuclear diplomacy with President-elect Do...

Korean food Korea’s Nongshim to mesmerize New Yorkers with Han River Shin Ramyun

If you’re in New York City this weekend, be sure to drop by the Korean Cultural Center.The South Korean government office has partnered with t...

Corporate strategy Lotte to foster Pepero as global brand by 2035: Chairman Shin

Lotte Group has selected Pepero — a thin chocolate-covered stick cookie — as the first brand that it will foster into one of the world&r...

IPOs Korea’s Gordon Ramsay accelerates moves for $63 mn IPO

TheBorn Korea Inc., a leading South Korean food and beverage group operated by TV celebrity and chef Paik Jong-won, has accelerated its moves for an...

Retail BGF Retail’s CU looks beyond Kazakhstan deep into Central Asia

Kazakhstan, a Central Asian country 27 times the area of South Korea, did not have any modernized convenience stores until early this year.The count...

Corporate strategy Lotte leader Shin Dong-bin stresses pivot to AI-centered innovation

Shin Dong-bin, chairman of South Korea’s retail, food and chemicals conglomerate Lotte, on Friday urged affiliate executives to ramp up effort...

Chemical Industry LG Chem promises extra $14.4 million in aid over Indian gas leak

South Korea’s top chemicals maker LG Chem Ltd. said on Wednesday it will offer an additional 1.2 billion Indian rupees ($14.4 million) in huma...

North Korea This Song Is Catchy and Going Viral. It’s Also North Korean Propaganda.

SEOUL—Jordan Daniels, a 31-year-old pianist and software engineer in California, posted a cover of a catchy new tune on TikTok. One asp...

Leadership & Management Kyobo Life CEO’s ethical management earns global recognition

Kyobo Life Insurance Co.'s Chairman Shin Chang-jae is internationally recognized for setting the global standard for ethical management after two de...

Executive reshuffles Lotte Group's heir apparent joins Japan holding firm's board

Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors of its Japanese holding company, which serves as a link ...

North Korea Kim Jong Un’s Balloon Barrage: Bags of Excrement Fly Into the South

SEOUL—An unusual sight drifted into South Korean skies on Wednesday: Large white balloons carrying plastic bags of North Korean trash. Some co...

Artificial intelligence S.Korea’s KT to innovate media, content businesses with AI

South Korea’s telecom giant KT Corp. is set to innovate its media and content businesses with artificial intelligence as it seeks new growth d...

Electronics With AI tech, Samsung Electronics on par with Apple: Han Jong-hee

MILAN, ITALY – South Korean tech giant Samsung Electronics Co. has for years been desperate to catch up to US Big Tech Apple Inc. in high-end ...

Mergers & Acquisitions Samsung Elec vies for Johnson Controls' HVAC units

Samsung Electronics Co. has joined the race to buy Johnson Controls International’s heating, ventilation and air conditioning (HVAC) assets wo...

Food & Beverage Nongshim to build instant noodle plant in Korea for exports

Nongshim Co., South Korea’s top instant noodle maker, is set to build a new factory in the country for exports of ramen, or ramyun, for the fi...

Corporate governance Lotte Group to give more authority to outside directors

Food-to-retail conglomerate Lotte will expand the authority of outside directors by separating the roles of chief executives and board chairs at its...

Executive reshuffles Kang Shin-ho returns as CJ CheilJedang CEO to revive sagging sales

South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ CheilJedang Corp. and entertainment giant CJ E...

Leadership & Management Kyobo Life CEO Shin Chang-jae: Eccentric, humanitarian entrepreneur

When Shin Chang-jae took the helm of Kyobo Life Insurance Co. in 2000 the South Korean insurance firm was reeling from the aftermath of the 1998 Asi...

Corporate restructuring Lotte Group Chairman says to sell ailing units for new biz: report

Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...

Korean food Nongshim sees record-high Shin Ramyun sales

South Korean food and beverage giant Nongshim Co. announced on Wednesday that its signature instant noodle brand Shin Ramyun saw a record high of ...

North Korea North Korea’s missiles tested on the battlefields of Ukraine

SEOUL—One of the world’s biggest illicit-arms suppliers just got a major advertisement.In recent weeks, Russian forces have fired...