Michael B. Kim, Haverford College alumnus, founder-chairman of one of Asia’s largest private equity firms, and best-selling novelist has been appointed chair of the Haverford College Board of Managers.Haverford College announced on March 6 (local time) that Kim will lead the board of trustees as cha
A Korean-owned Ireland-based semiconductor company is reportedly among companies included in a list of those under U.S. sanctions against Russia.According to the Irish Times in Dublin, Ireland-based Cubit Semiconductor was included in the sanctions announced by the U.S. Department of the Treasury’s
On Feb. 8, the Fair Trade Commission (FTC) unveiled its agenda for the year, intending to elevate the criteria for designating business conglomerates subject to disclosure. Criticism has been directed at the regulations governing the disclosure of business groups as they are unique to South Korea. T
SK hynix, which indirectly holds a stake of approximately 34% in the Japanese NAND flash manufacturer Kioxia Corporation, has reportedly opposed the management integration of Kioxia and U.S.-based Western Digital (WD).Japan’s Nikkei newspaper reported on Oct. 18 that “SK hynix of South Korea, which
MBK Partners’ Chairman Kim Byung-ju’s best-selling novel “Offerings” is set to be adapted into a film.Hollywood’s Anonymous Content will co-produce the movie with Anthology Studios, established by Director Kim Ji-woon and Actor Song Kang-ho.According to the entertainment industry’s esteemed media ou
SK ecoplant, an environmental and energy firm, along with its subsidiary TES, will collaborate with Ascend Elements, an innovative U.S. waste battery recycling company, to establish a waste battery recycling joint venture (JV) in the U.S. and commence the construction of a pre-treatment facility.On
Paris Baguette, a bakery chain owned by South Korea's SPC Group, enjoyed excellent brand promotion effects as it participated as an official sponsor in the Mizuho Americas Open, a tournament on the U.S. Women's Professional Golf (LPGA) tour.The Mizuho Americas Open, a newly launched tourname
Bibigo, a global Korean cuisine brand created by Cheiljedang, announced on Aug. 23 that it held various events to promote K-food at KCON 2022 LA, a Korean pop culture festival held in Los Angeles for three days from Aug. 19 to 21.This year, a sample tasting event was held at Bibigo Food Street to pr
Pulmuone, one of Korea’s leading companies for wholesome foods, has sponsored the Global Plant-Forward Culinary Summit 2022 hosted by the Culinary Institute of America (CIA), one of the world's leading food research institutions, to showcase its sustainable, plant-oriented foods made with its to
Korea Development Bank (KDB) has tentatively decided to hold the opening ceremony of KDB Silicon Valley LLC, the first Korean venture investment agency established in the United States, on Nov. 16. The new company's capital has been set at US$5 million.KDB's venture capital in Silicon Valley
Lee Sung-man is president of Songdo American Town. Lee's company, created by Incheon Free Economic Zone Authority, has been engaged in creating the Songdo American Town, a large-scale complex for Korean-Americans who want to come back and settle in Korea. The first phase of the project was compl
Korean-American med-tech company NEOFECT has officially begun trading on the KOSDAQ, securing more than $17 million in funding. A member company of the K-ICT Born2Global Centre, NEOFECT closed at 7,830 won on Nov. 29, up 130 won from 7,700 won on the first day of trading. The company had been valued
Google has released an automobile app, Android Auto, in partnership with domestic companies such as Hyundai-Kia Motors and Kakao Mobility.Google officially announced the release of Android Auto at a press conference on July 12 at KiaBit 360 in Apgujeong-dong, Gangnam-gu, Seoul.Android Auto is an app
Samsung C&T has decided to bring in a French executive who served as a top-level executive at General Electric as a new outside director. Analysis says that the move signaled the full-scale start of an improvement in corporate governance and management led by boards of directors. Earlier, Samsung El
The National Pension Service (NPS) has invested 220 billion won (US$197.24 million) in an Asian fund raised by Kohlberg Kravis Roberts & Co (KKR), one of the world’s three largest private equity investment firms. KKR raised 10.5 trillion won (US$9.3 billion) under KKR Asian Fund III, the biggest-eve
Nam Bong-hyun, the president of the Incheon Port Authority (IPA), achieved considerable results in meetings with cargo owners during his port marketing activity which Nam conducted for the first time since his inauguration in February.According to the IPA on May 2, its IPA sales mission headed by pr
As letter and picture-based information services are now changing to video-centered services, the power of contents is growing in the global information and communications technology (ICT) industry. Contents, which were once considered a free offer to increase the number of subscribers, have now bec
Start-ups will attempt the convergence of K-pop and the start-up industry by holding the Silicon-KCON in Silicon Valley of the US this November. The event is a benchmarking of KCON, the world’s largest Korean cultural wave convention held by the CJ Group in New York, LA, Paris, Tokyo and Abu Dhabi t
It has been found that BBCN Bank, the largest Korean-American bank in the United States, recently asked the Financial Services Commission for information about whether it is allowed to acquire Woori Bank shares. According to industry sources, BBCN is planning to buy 4 percent of the shares of the ba
Oct. 15 marks the 12th anniversary of the opening the Incheon Free Economic Zone (IFEZ) Authority. In Aug. 2003, three regions – Songdo, Yeongjong, and Cheongna – were designated as the first free economic zones (FEZ) in Korea, with the goal of seeking a new growth engine and strengthening national