compensated gross tonnage (CGT)

Food & Beverage Loss-making Pizza Hut Korea files for rehabilitation

Money-losing Pizza Hut Korea Ltd., the Korean master franchisee of the giant US pizza franchisor, has filed for corporate rehabilitation in Seoul in...

Leadership & Management Hanwha Group to expand stock compensation to team chiefs

South Korea’s No. 7 conglomerate Hanwha Group will expand its restricted stock units (RSUs) to encourage employee interest in the company&rsqu...

Retail KT&G faces $2 bn damages suit over heated tobacco invention

KT&G Corp., the world’s fifth-largest tobacco maker, is facing a $2 billion damages suit from a former employee who claimed the South Kore...

Electric vehicles Hyundai Motor launches trade-in program to revive EV sales

Hyundai Motor Co., South Korea’s top automaker, said on Thursday it introduced a trade-in program in the country for electric vehicles to boos...

Shipping & Shipbuilding Korea reclaims top spot in global shipbuilding orders in February

South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...

Corporate governance Hanwha Group extends RSU to all affiliates

South Korea’s Hanwha Group announced on Wednesday that it will extend the restricted stock unit (RSU) to its all affiliates. Next year, RSU ...

Tech, Media & Telecom Apple ordered to compensate Korean users for iPhone slowdown

An appellate court of South Korea on Wednesday ordered Apple Inc. to pay 70,000 won ($53.3) each to seven Korean iPhone users for deliberately slowi...

Bio & Pharma SK Pharmteco launches new viral vector platforms, key for CGT

SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has recently introduced two...

Advertising & Marketing Innocean to invest $370 million in new growth drivers

Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, will invest 500 billion won ($370 million) for four years u...

Regulations Broadcom fined $14.3 mn in Korea over Samsung contract

Broadcom Inc. a US smartphone components maker, was slapped with a fine of 19.1 billion won ($14.3 million) in South Korea on Thursday for allegedly...

Entertainment Netflix, S.Korea’s SK Broadband to settle longstanding legal dispute

Netflix Inc., the world’s top streaming service, and SK Broadband Co., South Korea’s No. 2 internet service provider, said on Monday tha...

Real estate Why European real estate debt is compelling now: M&G

Real estate debt has gained recognition as a viable investment vehicle for several reasons. Firstly, investors may benefit from the security provide...

Bio & Pharma SK Pharmteco gears up for big leap in advanced biotherapies

SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), is upping the ante in its b...

Bio & Pharma SK Biopharmaceuticals forms Scientific Advisory Board

South Korea's SK Biopharmaceuticals assembled its Scientific Advisory Board (SAB) composed of world-renowned physicians and drug development experts...

Retail Lotte to open Vietnam's largest shopping mall in Hanoi

Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, announced plans on Thursday to inaugurate its extensive ...

Shareholder activism Tribunal partially accepts Elliott’s claims over Samsung merger

The International Center for Settlement of Investment Disputes (ICSID) on Tuesday ruled in favor of US-based hedge fund Elliott Investment Managemen...

Regulations S.Korea rejects Broadcom’s corrective steps on unfair biz

South Korea’s antitrust body dismissed corrective measures proposed by US chipmaker Broadcom Inc. to avoid penalties over its alleged unfair b...

Regulations Samsung vetoes Broadcom's proposed measures to avoid Korean penalties

Samsung Electronics Co. and other South Korean tech companies opposed measures proposed by Broadcom Inc. to avoid penalties by the country’s a...

Retail Korean retail brand F&F’s Chinese sales seen above $800 million

South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...

IPOs Market Kurly's sales surge 49% on-year in Q1

South Korea’s Kurly Inc., the operator of grocery delivery platform Market Kurly, achieved 641.7 billion won ($511.6 million) in gross merch...

Korean games NCSoft reclaims throne with new mobile game Lineage W

Lineage W, developed by South Korea’s NCSoft Corp., has swiftly reclaimed the top spot in the country's mobile gaming market just three days s...

IPOs World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions

The IPO of SD Biosensor Inc., which has sold the most COVID-19 test kits in the world -- selling more than 700 million kits from February 2020 to Ma...

COVID-19 COVID-19 blues? Pandemic makes SD Biosensor Korea’s top-grossing bio firm

Multinational biopharmaceutical companies have dominated the world’s diagnostics market for years. However, the coronavirus pandemic, which st...

Mezzanine loans Mirae, NH face lawsuit over Drew Las Vegas loan loss

Mirae Asset Securities Co. and NH Investment & Securities Co. have been sued by South Korean institutional investors over the loss of their comb...

Webtoons Kakao webtoon platform Piccoma becomes No.1 grossing app worldwide

Kakao Corp., South Korea's platform giant, announced on Nov. 9 that its webtoon (digital comics) platform Piccoma has become the No. 1 grossing mobile...