professional jobs

Mergers & Acquisitions Daol PE buys Youngil Glass to ride Korean cosmetics boom

Daol Private Equity has acquired Youngil Glass Industry Co., a South Korean manufacturer of glass containers, in a 65 billion won ($44.5 million) de...

Economy S.Korea’s job growth slows for 2nd straight year in 2024  

South Korea’s job growth slowed last year amid a prolonged slump in the country’s construction, manufacturing and retail sectors, boding...

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...

Travel & Leisure Paradise targets Taiwanese MICE market

Paradise Co., a South Korean casino operator, said on Tuesday it held the 2024 Paradise Taipei MICE (meetings, incentives, conferences, and exhibiti...

Bio & Pharma PharmaResearch hosts 5th global symposium on 'Rejuran'

PharmaResearch Co. announced that it successfully held the 5th PharmaResearch Global Symposium (PGS) at the Lakai Sandpine Resort on Oct. ...

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...

Bio & Pharma SK Pharmteco to invest $260 mn in new peptide factory in S. Korea

SK Pharmteco, the contract development and manufacturing organization (CDMO) of South Korea's SK Inc., said on Tuesday that it plans to invest $260 ...

Pension funds S.Korea’s NPS investment arm suffers from chronic understaffing

South Korea’s largest institutional investor, the National Pension Service (NPS), managing 1,150 trillion won ($870.6 billion) in assets, stru...

E-commerce Loss-making Gmarket joins Shinsegae’s job cut spree

Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...

Batteries SK On to cut jobs for first time amid sustained EV weakness

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to cut its workforce with the company’s first voluntary retir...

Economy South Korea’s job growth rises in July led by elderly workers

South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...

Corporate restructuring LG Display cuts vendors’ stakes, axes jobs for turnaround

LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, reduced stakes in its vendors while cut...

Business & Politics AmCham launches young professionals program

The American Chamber of Commerce in Korea (AmCham) announced on Wednesday the official launch of its Young Professionals Program (YPP), aimed at nur...

Leadership & Management Catering firm Ourhome taps founding family’s eldest daughter as CEO

The eldest daughter of catering service provider Ourhome Ltd.’s founding family, Koo Mi-hyun, was on Tuesday appointed chief executive of the ...

Electronics Samsung Display records 1 mn cumulative shipments of QD-OLED monitors

Samsung Display Co., South Korea’s top display producer, has developed the world's first QD-OLED, a self-emissive technology where light from ...

E-commerce Coupang, HUFS to partner for industry-academic cooperation

Coupang Inc., South Korea’s No. 1 e-commerce platform, announced on Monday that it signed an industry-academia cooperation agreement (MOU) las...

Economy Strong exports power S.Korea’s manufacturing job growth

South Korea’s job increases rebounded in April with growth in the manufacturing sector at a 17-month high on strong exports amid the semicondu...

Corporate bonds Korea’s Eduwill suffers credit-rating cuts, capital erosion

Eduwill Corp., South Korea’s leading provider of online and offline test prep courses for adults, has taken a hit from a series of credit-rati...

Business & Politics Korean government vows stern response to Tokyo’s pressure on Naver

The South Korean government said on Monday it will resolutely respond to any “unfair” measures by Tokyo against Naver Corp., which is re...

Future mobility Hyundai’s JV Motional delays robotaxi commercialization, cuts jobs

Self-driving technology developer Motional decided to delay robotaxi deployments with ride-hailing companies Uber Technologies Inc. and Lyft Inc. ag...

Electronics Samsung holds Odyssey event with T1 in Chengdu

Samsung Electronics Co. announced on Monday that it held an Odyssey gaming monitor experience event with the T1, the top-tier League of Legends team...

Artificial intelligence Naver, named 3rd most innovative company in the Asia-Pacific

South Korea’s online giant Naver Corp. ranked as the third most innovative company in the Asia-Pacific by a top US business magazine for the p...

Business & Politics Trump confidant Arkansas Gov. Sanders in Seoul for trade talks

Sarah Elizabeth Huckabee Sanders, Arkansas governor and long-time confidant of former US President Donald Trump, has shown firm support for her form...

Electronics Samsung unveils Galaxy Tab Active5 enterprise version

Samsung Electronics Co. announced on Friday that its enterprise version of the tablet Galaxy Tab Active5 started to sell on business-to-business (...

Economy Korea's job growth at 10-month high despite weak youth employment

South Korea’s job increases rose for a second straight month to a 10-month high in January thanks to higher employment of the older, although ...

Economy Vietnamese lead record-high foreign job growth in S.Korea

The number of foreign employees in South Korea reached an all-time high this year, with the Vietnamese leading the pack, amid rising minimum wages a...

Economy S.Korea’s labor gains slow in November with fewer jobs for young people

South Korea’s nonfarm payroll growth slowed in November after the country with the world’s lowest fertility rate marked its 13th straigh...

Korean food, retail firms cut jobs as spending drops

South Korea’s food, cosmetics and retail companies, heavily reliant on domestic sales, are slimming down their workforce to survive a prolonge...

Artificial intelligence AI to replace high-paid, highly educated doctors, CPAs: BOK

Artificial intelligence poses the biggest threat to high-paid, highly educated professionals such as medical doctors, accountants and engineering te...

Tech, Media & Telecom Samsung’s Harman to buy French audio software firm FLUX::

Harman Professional Solutions, a professional sound system unit under Samsung Electronics Co.'s wholly owned Harman International, has agreed to acq...