strike

Corporate strategy KT&G eyes overseas M&A after rejecting activist fund's offer

KT&G Corp., South Korea’s dominant tobacco and ginseng producer, is seeking to acquire a Japanese ginseng company after dismissing a 1.9-t...

Automobiles Hyundai, Kia production may be disrupted by subsidiary labor strike

Hyundai Motor Co. and Kia Corp., South Korea’s two largest carmakers, are likely to face disruptions in local production as their auto parts s...

Korean startups Baemin founder strikes out for new trophy platform

Kim Bong-jin, a former chairman and CEO of Woowa Brothers Corp., operator of South Korea’s No. 1 food delivery app Baedal Minjok — Baemi...

Automobiles GM Korea’s 2024 sales growth likely stunted due to protracted labor strike

GM Korea Co., the South Korean unit of US auto giant General Motors Co., faces growing disruptions to its vehicle production amid a protracted labor...

Samsung Group Thousands of Samsung Workers Walk Out for Three-Day Strike

Thousands of Samsung Electronics Co. (-0.34% decrease) unionized workers in South Korea walked off job sites Monday as part of a three-day strike, p...

North Korea North Korea Sent Excrement Balloons. South Korea’s Response: Blasting BTS Hits.

SEOUL—After enduring days of balloon bombardment from the Kim Jong Un regime, South Korea countered with an airwaves assault of it...

Energy Qcells, Microsoft strike 12GW solar panel deal

Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group also known as Qcells in overseas market...

Food & Beverage Ourhome strikes catering deal with Vietnam's FPT Education

A prominent South Korean food service provider Ourhome Ltd. disclosed on Monday that it has penned a memorandum of understanding with FPT Education,...

Aerospace & Defense LIG Nex1 secures $75 mn contract for KSIS military ground segment

South Korean aerospace manufacturer and defense company LIG Nex1 Co. announced on Wednesday a $75 million (99.1 billion won) contract with the count...

Korean food S.Korea strikes deal with Ecuador to export pears

South Korea's Animal and Plant Quarantine Agency announced on Thursday that after 10 years of negotiations, the country has secured a deal with Ecua...

Supply chain Korea’s industrial losses balloon to $1.2 bn as truckers continue strike

South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day on Thursday, disrupt...

Mergers & Acquisitions Daewoo Shipbuilding may split up to find new owners

South Korea is considering splitting Daewoo Shipbuilding & Marine Engineering Co. into two units to facilitate the sale of the debt-ridden shipb...

Labor union Hankook Tire sees increasing threat from combative labor union's demands

As a string of sporadic labor union strikes enters its third week, the risk of supply disruption has spread to an unlikely victim – Hankook Ti...

Supply chain Korean truck drivers end strike as govt agrees to extend wage guarantee

South Korea’s unionized truck drivers have decided to end their eight-day strike after the government agreed to extend minimum wage guarantees...

Supply chain Chemical makers to halt plants as truck driver strike deepens

South Korea’s petrochemical companies are set to halt operations as the work stoppage by unionized truck drivers stretched into an eighth day ...

Supply chain Industrial losses balloon as Korean trucker strike enters 7th day

South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its seventh day on Monday, disrupti...

Supply chain S.Korean trucker strike enters 3rd day, targets Samsung’s supply chain

South Korea’s unionized truckers, on day three of a large-scale strike, have moved to disrupt the supply of materials needed to manufacture se...

Corporate governance Global pension funds veto more of Korean firms' agendas

Global pension funds are expanding their influence as key shareholders of major companies in South Korea. Some of the world’s largest pensio...

Automobiles Hyundai Motor, Kia report record-high H1 sales in US

Hyundai Motor Group’s auto units posted all-time high sales in the first half of 2021 in the US market. According to the industry on July 2, H...

Oscars Veteran actress Youn Yuh-jung becomes first Korean to win acting Oscar

Actress Youn Yuh-jung has made history by becoming the first Korean actor to win an Oscar at the Academy Awards, held in Los Angeles Sunday night.&n...