Woo Jun-yeol

Business & Politics S.Korean President Yoon Suk Yeol ousted; new presidential election coming

South Korea’s Constitutional Court permanently removed President Yoon Suk Yeol from office on Friday, making him the country’s second pr...

Leadership & Management Samsung Chairman Lee meets with Xiaomi CEO Lei Jun for partnership

BEIJING – Samsung Electronics Co. Chairman Lee Jae-yong has met with Xiaomi Inc. Chief Executive Lei Jun in the Chinese capital, raising specu...

Business & Politics Yoon becomes first S.Korean sitting president to be formally arrested

South Korean President Yoon Suk Yeol has become the country's first sitting president to be arrested on rebellion charges as part of a probe into hi...

Business & Politics Ruthless Politics of South Korea Is Rooted in Cold-War History

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Business & Politics South Korea president to lift martial law after Parliament rejects move

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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...

Future mobility South Korea to designate Jeju as flying taxi pilot service zone

South Korea will designate its resort island Jeju a test operation zone for flying taxis as part of the country’s national urban air mobility ...

Corporate strategy K Bank aims to turn into AI-based investment platform: CEO

K Bank, the digital banking unit of South Korean telecom giant KT Corp., aims to turn into an AI-based investment platform after going public later ...

Corporate restructuring Samsung to cut chip executive jobs, restructure in battle versus SK Hynix

Samsung Electronics Co. plans to drastically cut its chip executive jobs and restructure semiconductor-related operations as it struggles to compete...

Business & Politics S.Korea signs MOU on Philippine nuclear safety checks, eyes plant deals

MANILA – South Korea on Monday signed an initial agreement with the Philippines to conduct a safety check on a nuclear power plant before a re...

Korean chipmakers Samsung launches dedicated HBM, advanced chip packaging teams

Samsung Electronics Co., the world’s largest memory chipmaker, has officially launched a team dedicated to developing advanced high-bandwidth ...

Asset management South Korean brokerages woo super-rich to make them even richer

South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, have largely built their wealth through hard work, savings and ...

Chief Executives Samsung’s new chip head instills a sense of crisis, hope

Samsung Electronics Co.'s new semiconductor chief Jun Young-hyun knows better than anyone about the difficulties the South Korean tech giant fa...

Executive reshuffles Samsung Electronics replaces chip head amid HBM crisis

Samsung Electronics Co., the world’s top memory chipmaker, on Tuesday replaced its semiconductor business chief as the South Korean company st...

Economy Burger, chicken franchises raise prices after elections

Fried chicken and hamburger franchises in South Korea have sharply bumped up their food prices following the parliamentary elections last week as th...

Sports Coupang Play to livestream 2024 Masters Tournament

Coupang Play, a video streaming service provided by South Korea's largest e-commerce company Coupang Inc., will broadcast the first major golf tourn...

Banking & Finance Woori Financial to sponsor MLB Seoul Series

South Korea's Woori Financial Group announced on Tuesday that it will be an official sponsor of the US Major League Baseball World Tour Seoul Series...

Artificial intelligence Meta’s AI, XR push to gain speed with Korea’s support

South Korea is backing Mark Zuckerberg, founder and chief executive officer of Meta Platforms Inc., in the Facebook operator’s artificial inte...

Short selling Korea’s top regulator detects more foreigners’ naked shorting

South Korea’s top financial regulator is detecting more circumstances of naked short-selling worth tens of millions of dollars by foreign inve...

Pension funds Korea's NPS taps Jun Ahn as real estate investment head

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, appointed Jun Ahn (Ahn Jun-sang) as its real estate inv...

Executive reshuffles Samsung names new smartphone, TV platform head

Samsung Electronics Co. has promoted Kim Yong-soo, vice president and former Google and Oracle software expert, to lead its smartphone and TV platfo...

Korean chipmakers Samsung Electronics to up AI chip foundry sales to 50% by 2028

Samsung Electronics Co. plans to up artificial intelligence chip foundry sales to about 50% of its total foundry sales in five years with its advanc...

Retail Shinsegae, Galleria woo Louis Vuitton, Rolex for new growth

Louis Vuitton and Rolex brands are status symbols for customers and so they are for department stores in South Korea.Shinsegae Inc. and Hanwha Galle...

Steel POSCO Group chief: steel desperately needs corporate solidarity

South Korea’s POSCO Group on Tuesday said its Chairman Choi Jeong-woo presided over the regular meeting of the World Steel Association on Su...

Electronics LG Elec woos US home appliance buyers with smart features

LG Electronics Inc. is ramping up efforts to attract premium home appliance buyers in North America with the "UP Kit" collection of home appliance a...

Business & Politics S.Korea woos Chinese visitors via temporary e-visa fee exemption

South Korea has waived e-visa issuance fees through year's end for Chinese visitors on group tours.This is in response to the travel industry's re...

Mergers & Acquisitions SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group has enough financial ammunition to buy the country’s No. 1 container shipping line HMM Co. but would not join the bid for the latter&...

Business & Politics S.Korea attracts investment of $940 mn from 6 European companies

South Korea has attracted investment worth $940 million from six high-tech European companies to build factories and R&D centers.The six compani...

Beauty & Cosmetics S.Korean beauty brands lean toward social media stars

AmorePacific Corp.'s new brand launch in February with top South Korean social media influencer Lee Sa-bae created a sensation in the domestic cosme...

Investment banking JPMorgan Chase's Jamie Dimon to visit S.Korea on June 5

JPMorgan Chase & Co. Chairman and CEO Jamie Dimon is set to visit Seoul on June 5 and discuss South Korea’s overseas investments with exec...