The Paradise Group (Chairman, Jeon Phillip) is suffering from consecutive negative factors. Sales of its casinos, a major cash cow for the group, have been on decline for three months running.As if to add oil to the fire, Paradise Sega sammy, a subsidiary of the Paradise Group that has been involved

Amid outbreaks of rash and urticaria on children using infant mats made of the most advanced new material allegedly developed by the US National Aeronautics and Space Administration (NASA) and sold by Borny Korea, a domestic baby goods manufacturer, the Korea Agency for Technology and Standards said

LG Group will go over its growth engines through the affiliates’ strategic briefing sessions presided over by Vice Chairman Koo Bon-joon, starting from the middle of June. As LG Group is expected to record its highest business showings this year, boosted by LG Electronics, LG Display and LG Chem, al

Hyundai Motor is expected to hire more subcontracted workers as regular employees. The company is planning to complete a special agreement to turn 6,000 irregular workers into regular ones, which was signed with the labor union and subcontractor union in 2014, by the end of this year and select more

Chey Tae-won, chairman of the SK Group, is making big moves to find a breakthrough to the group’s Chinese business which has deadlocked since China’s fire storm sparked by South Korea’s decision to deploy the THAAD System.According to industry sources on May 28, Chey finished his business trip to Ch

Kim Young-bae, vice chairman of the Korea Employers Federation, said on May 25 that a large number of Korean companies are currently facing a very challenging situation after the government recently promised to provide a full-time position for every temporary employee working for the Incheon Interna

Hyundai Mobis announced in its '2017 Sustainability Report' published on May 24 that it carried out about 1,100 research and development (R&D) projects for 96 models last year.Hyundai Mobis sets a 'global research and development network' as the special theme of this year's report as and introduced

It has been found that the Hyundai Motor Group recently set up a venture investment team in its Strategic Technology Research Institute.The team is to find and grow promising venture firms and startups standing out in South Korea, the Silicon Valley, etc. It is expected to choose its partners solely

Citigroup’s credit and debit cards, which suffered from illegal cash withdrawal incidents in Thailand last month, were also involved in hundreds of card frauds overseas in 2016. According to Citibank on May 15, affiliated stores at Paypal in the U.S. were targeted with a BIN attack in June 2016 and

LS Group chairman Koo Jae-yeol carried out on-the-scene management by visiting worksites of LS-Nikko Copper Inc., LS Industrial Systems and LS Metal for two days from May 15.According to the LS Group, chairman Koo visited LS-Nikko Copper Inc. in the Onsan National Industrial Complex on May 17, follo

Lee Jae-hyun, chairman of the CJ Group, attended the group's official event in four years and said, “I will contribute to the national economy by securing a future growth engine, which is an urgent task of the group.”Chairman Lee made the statement at the opening ceremony for CJ Blossom Park and the

LG Chem officially announced on May 15 that it plans to issue 800 billion won (US$713.01 million) of corporate bonds. The figure far exceeds the initial amount of 500 billion won (US$445.63 million). Also, this is the highest amount after the bond demand forecast system was introduced. The company w

According to data which the Financial Supervisory Commission (FSC) submitted to Park Yong-jin, a lawmaker of the Minjoo Party on May 4, Samsung Life Insurance had the lowest ratio of paying insurance money within three business days among 24 life insurers last year and paid 14.4% of insurance money

Ticket Monster, an e-commerce company in Korea, faced harsh media criticism recently for running an ad that reminds people of the sinking of the Sewol Ship amidst continuing marketing controversies caused by its mismanagement.On April 11, the third anniversary of the “Sewol Ship Incident," one image

During a press conference to celebrate an official opening of the Paradise City casino resort on Yeongjong Island, Incheon, on April 20, Paradise Group Chairman Jeon Phillip said, “As the first multi-complex resort in Northeast Asia, we will make the Paradise City as one of the best hallyu tourist d

There is a rumor that Hanwha Group will reorganize its defense businesses when the new government takes office. The group has said that there will be no defense business reshuffle in the near future, but it is expected to accelerate the reorganization of its defense business units under the next adm

Korean Air, the nation's largest airline, has been grappling with a series of unfavorable factors. The airline had been found to have failed to carry out proper maintenance inspections of aircraft before take-off and neglected the management of customers' personal information.According to the Minist

Controversy has been aroused by the GM Korea Labor Union’s demand for a 500-percent performance-based bonus in their wage negotiation of this year. It is pointed out that the trade union's demand went too far as the automaker suffered hundreds of billions of won in losses for three straight years du

Samsung Electronics announced on April 27 that it would not adopt a holding company structure. “After deliberating on the matter for about five months, we have reached a conclusion that the structure is rarely beneficial to our business competitiveness and can pose a burden on our business by disper

A co-pilot’s sexual assault of a female flight attendant is stirring up controversy at Korean Air which was put in a hole by the nut rage of Cho Hyun-ah (former vice president of Korean Air).The 3rd Criminal Investigation Department at the Incheon District Prosecutor's Office announced on April 25 t